# Wakemed 401(k) Plan
Source: https://planprovider.pro/companies/wakemed-plan-002

> Wakemed's 401(k) plan: 12,421 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Wakemed

- **Sponsor EIN:** 566017737

- **Sponsor Address:** 3000 NEW BERN AVENUE, RALEIGH, NC, 27610

- **Plan Type:** 401(k)

- **Total Participants:** 12,421

- **Total Assets:** $1.4B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|12,421|$1.4B|$39.9M|$65.1M|

| 2023|11,105|$1.2B|$42.0M|$56.0M|

| 2022|11,758|$1.1B|$39.8M|$51.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| STRATEGIC ADVISORS, INC|ADVISOR|$840,167|—|$840,167|

| FIDELITY INVESTMENTS INST OP|RECORDKEEPER|$505,861|—|$505,861|

| PLANTE MORAN, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STRATEGIC ADVISORS, INC](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [FIDELITY INVESTMENTS INST OP](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,346,028

- **Estimated Expense Ratio:** 0.093% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$1,345,884|$840,023|-$300|—|—|

| 2023|$565,448|$86,904|$1,200|—|—|

| 2022|$974,904|—|$973,509|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/wakemed-plan-002)

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