University of Wisconsin Medical Foundation, Inc 401(k) Review & Grade
University of Wisconsin Medical Foundation, Inc Employees 401(k)/profit Sharing Plan
Middleton, WIHealth Care & Social Assistance3,260 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,845Employer $ per active participant
$8,738Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$767.7MNet plan assets, end of year
$153,079Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost21.9 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 87th |
| Employee saving | 94th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Corrective distributions: the plan refunded $623 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- University of Wisconsin Medical Foundation put in about $6,845 per active participant, more than the typical peer ($800). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $22,310,917 |
| Participant (employee) contributions | $28,482,708 |
| Other contributions (incl. rollovers in) | $6,042,629 |
| Administrative expenses paid from the plan | $254,897 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $159,178 |
| Benefits paid out | $53,036,153 |
| Net assets, start / end of year | $669.1M / $767.7M |
| Active participants, start / end of year | 3,246 / 3,273 |
| Participants with account balances | 5,015 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $159,178 reported compensation |
| Fidelity Investments Institutional | $94,819 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009133608NAL0003611267001, received 2025-10-09, EIN 39-1824445, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.