Plan Ledger DOL Form 5500 · updated monthly

Select Medical Corporation401(k)

SELECT MEDICAL CORPORATION 401(K) PLAN · MECHANICSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Select Medical Corporation reported $2,266,904 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $670 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 0.10% to 0.09%. 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 25th-largest of 3,651 plans among Pennsylvania employers on file, and the 56th of 11,911 in health care & social assistance. In 2024, employees put in $7.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,839,692,858
Participants with balances41,450
Active participants41,698
Employer contributions$27,936,640
Employee contributions$197,942,124
Employer contribution per active participant$670
Average account balance$68,509
Benefits paid to participants$232,403,466
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER
Plan history3
Yearassets · accounts · employer contribution
2024$2.8B · 41,450 accts · $27.9M emplr
2023$2.5B · 43,489 accts · $25.8M emplr
2022$2.1B · 42,444 accts · $24.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,312,025
Investment management$864,879
Audit (IQPA)$34,000
Total administrative$2,266,904
The Select Medical Corporation 401(k) match · 2024
Employer contribution per active participant$670
Median for plans this size$5,259
2024$670 per active participant
2023$594 per active participant
2022$577 per active participant

Select Medical Corporation's 2024 employer contribution ran below the $5,259 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
FIDELITY INVESTMENTS INSTITUTIONAL · Plan administrator · Loan processing$1,356,254
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$864,879
HR INVESTMENT CONSULTANTS · Consulting$56,000
BOYER & RITTER · Accounting / audit$34,000

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$2,266,904 · 0.09%
2023$2,082,368 · 0.09%
2022$2,156,233 · 0.10%
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Upmc PA$4.9B · 0.10%
Penn State Health PA$3.4B · 0.03%
Geisinger System Services PA$3.0B · 0.04%
Wellspan Health PA$2.6B · 0.08%
Main Line Health, Inc. PA$1.7B · 0.05%
Allegheny Health Network PA$1.4B · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232872718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.