2023 Form 5500 filing — Penn State Health 401(K) Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240724120131NAL0012919297001) for Penn State Health 401(K) Savings Plan, reported by Penn State Health under EIN 47-3769205 and plan number 001. It reports 23,175 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240724120131NAL0012919297001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Penn State Health
- EIN
- 47-3769205
- Plan number
- 001
- Location
- Hershey, PA
- Participants
- 23,175
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,572,018,199
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,572,018,199
- Employer contributions
- $78,887,207
- Participant contributions
- $106,384,652
- Total income / additions
- $582,758,295
- Benefits paid
- $152,175,988
- Administrative expenses
- $687,330
- Total expenses
- $153,397,503
- Net increase / (decrease)
- $429,360,792
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Investment Company | RECORDKEEPER | $682,057 | $0 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $272,661 | not reported in the loaded dataset |
| Forvis, Llp | AUDITOR | $28,010 | not reported in the loaded dataset |
| Tiaa-Cref | RECORDKEEPER | $8,214 | $0 |
| Hanlon Investment Management Inc. | INVESTMENT ADVISOR | $7,904 | not reported in the loaded dataset |
| Larson Financial Group LLC | INVESTMENT ADVISOR | $5,252 | not reported in the loaded dataset |
| Fort Pitt Capital Group LLC | INVESTMENT ADVISOR | $4,537 | not reported in the loaded dataset |
| Fisher Investments | INVESTMENT ADVISOR | $4,366 | not reported in the loaded dataset |
| Signature Estate & Investment | INVESTMENT ADVISOR | $3,674 | not reported in the loaded dataset |
| Apollon Wealth Management LLC | INVESTMENT ADVISOR | $2,730 | not reported in the loaded dataset |
| Charles Schwab & Co., Inc. | BROKERAGE SERVICES | $0 | $2,541 |
| Flexible Plan Investments Ltd | INVESTMENT ADVISOR | $1,403 | not reported in the loaded dataset |
| Macro Advisors Inc | INVESTMENT ADVISOR | $519 | not reported in the loaded dataset |
| Mcadam LLC | INVESTMENT ADVISOR | $486 | not reported in the loaded dataset |
| Chacon Diaz & Di Virgilio Wealth | INVESTMENT ADVISOR | $22 | not reported in the loaded dataset |
| Virtu Americas LLC | BROKER COMMISSION FEES | $8 | not reported in the loaded dataset |
| Mischler Financial Group, Inc | BROKERAGE FEE | $3 | not reported in the loaded dataset |