Plan Ledger DOL Form 5500 · updated monthly

Mount Nittany Medical Center403(b)

MOUNT NITTANY MEDICAL CENTER 403(B) PLAN · STATE COLLEGE, PA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Mount Nittany Medical Center reported $307,348 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $1,724 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 0.21% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 330th-largest of 3,651 plans among Pennsylvania employers on file, and the 735th of 11,911 in health care & social assistance. In 2024, employees put in $2.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$165,752,953
Participants with balances2,365
Active participants2,590
Employer contributions$4,465,620
Employee contributions$10,780,176
Employer contribution per active participant$1,724
Average account balance$70,086
Benefits paid to participants$11,892,139
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$165.8M · 2,365 accts · $4.5M emplr
2023$142.3M · 2,223 accts · $3.6M emplr
2022$115.0M · 2,060 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$255,669
Investment management$51,679
Total administrative$307,348
Employer contributions to the Mount Nittany Medical Center plan · 2024
Employer contribution per active participant$1,724
Median for plans this size$3,635
2024$1,724 per active participant
2023$1,473 per active participant
2022$1,164 per active participant

Mount Nittany Medical Center's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$255,669
MARINER LLC · Consulting$47,715
CHARLES SCHWAB & CO., INC. · Securities brokerage$2,623
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$307,348 · 0.20%
2023$282,784 · 0.22%
2022$265,527 · 0.21%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Delta Dental of Pennsylvania PA$178.7M · 0.04%
Susquehanna Health System PA$174.2M · 0.27%
Meadville Medical Center PA$167.9M · 0.16%
Spark Therapeutics, Inc. PA$164.7M · 0.06%
Merakey USA PA$155.3M · 0.40%
The Washington Hospital PA$146.0M · 0.16%
Health Partners Plans, Inc. PA$145.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 240795682 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.