Plan Ledger DOL Form 5500 · updated monthly

Geisinger System Services401(k)

GEISINGER SYSTEM SERVICES 401K SAVINGS PLAN · DANVILLE, PA · plan year 2024

Reported admin expense ratio · 2024
0.04%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Geisinger System Services reported $1,251,774 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $4,482 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.07% to 0.04%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 23rd-largest of 3,651 plans among Pennsylvania employers on file, and the 52nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,961,484,850
Participants with balances31,905
Active participants24,845
Employer contributions$111,351,717
Employee contributions$95,888,818
Employer contribution per active participant$4,482
Average account balance$92,822
Benefits paid to participants$236,613,166
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.0B · 31,905 accts · $111.4M emplr
2023$2.6B · 31,379 accts · $103.8M emplr
2022$2.2B · 32,154 accts · $99.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$916,193
Investment management$312,956
Audit (IQPA)$22,050
Total administrative$1,251,774
The Geisinger System Services 401(k) match · 2024
Employer contribution per active participant$4,482
Median for plans this size$5,259
2024$4,482 per active participant
2023$4,375 per active participant
2022$4,292 per active participant

Geisinger System Services's 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTL OPERS CO · Loan processing$916,163
BAKER TILLY VIRCHOW KRAUSE LLP · Accounting / audit$22,050
SMITH & DOWNEY · Consulting$575

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,251,774 · 0.04%
2023$1,492,567 · 0.06%
2022$1,670,880 · 0.07%
All plans at this employer2
GEISINGER SYSTEM SERVICES 401K SAVINGS PLAN401(k)
GEISINGER SYSTEM SERVICES TAX SHELTERED ANNUITY PROGRAM403(b)
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Upmc PA$4.9B · 0.10%
Penn State Health PA$3.4B · 0.03%
Wellspan Health PA$2.6B · 0.08%
Main Line Health, Inc. PA$1.7B · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232164794 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.