Plan Ledger DOL Form 5500 · updated monthly

Upmc401(k)

UPMC 401(A) RETIREMENT SAVINGS PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Upmc reported $4,772,150 in plan administrative expenses for 2024: 0.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,983 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 rose from 0.06% to 0.10%. 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 15th-largest of 3,651 plans among Pennsylvania employers on file, and the 22nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves; active participation has grown from 87,260 to 98,498 since 2022.

Plan summary
Net assets, end of year$4,902,845,416
Participants with balances78,379
Active participants98,498
Employer contributions$195,297,595
Employee contributions$157,111,936
Employer contribution per active participant$1,983
Average account balance$62,553
Benefits paid to participants$376,241,923
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9B · 78,379 accts · $195.3M emplr
2023$4.3B · 77,866 accts · $153.2M emplr
2022$3.5B · 75,345 accts · $141.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,335,944
Investment management$122,142
Audit (IQPA)$79,144
Trustee / custodial$223,293
Total administrative$4,772,150
The Upmc 401(k) match · 2024
Employer contribution per active participant$1,983
Median for plans this size$5,259
2024$1,983 per active participant
2023$1,681 per active participant
2022$1,618 per active participant

Upmc'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 · 20246
ALIGHT SOLUTIONS, LLC · Recordkeeping$1,857,786
ALIGHT FINANCIAL ADVISORS, LLC · Investment advisory (participants)$2,774,515
THE BNAK OF NEW YORK MELLON · Trustee$223,293
D.B. ROOT COMPANY, LLC · Pension consulting$122,142
ERNST & YOUNG, LLP · Accounting / audit$79,144
COZEN O'CONNOR · Legal$11,627

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

Recordkeeper by year2
2024Alight, Vanguard
2023Alight, Vanguard

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

Administrative cost history3
2024$4,772,150 · 0.10%
2023$2,567,001 · 0.07%
2022$2,385,584 · 0.06%
All plans at this employer2
UPMC 403(B) RETIREMENT SAVINGS PLAN403(b)
UPMC 401(A) RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Pennsylvania
Banner Health AZ$4.9B · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251423657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.