Trustees of the Univ. of Penn 401(k) Review & Grade
Retirement Contribution and 403(b) Matching Plan of the University of Pennsylvania Health System
Philadelphia, PAHealth Care & Social Assistance41,028 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,584Employer $ per active participant
$42Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$27,820Average balance per account
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 76th |
| Employee saving | 3th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Trustees of the Univ. of Penn put in about $3,584 per active participant, more than the typical peer ($2,086). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $147,039,000 |
| Participant (employee) contributions | $1,702,761 |
| Other contributions (incl. rollovers in) | $3,913,263 |
| Administrative expenses paid from the plan | $414,755 |
| Contract administrator fees | $1,200 |
| Benefits paid out | $53,752,828 |
| Net assets, start / end of year | $888.9M / $1.1B |
| Active participants, start / end of year | 39,758 / 42,299 |
| Participants with account balances | 39,906 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Horsey,buckner & Heffler LLP |
Largest service providers (Schedule C)
| Fidelity Inv Instl Ops | $416,759 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015190140NAL0007224432001, received 2025-10-15, EIN 23-1352685, plan #039, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.