Penn State Health 401(k) match, vesting and fees
What Penn State Health's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Investment Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2025 medians for 49 defined-contribution plans in health care and social assistance with 10,000 to 49,999 participants.
| Penn State Health: employer contribution per participant | $3,837 | |
| Peer median | $2,281 |
| Penn State Health: average balance | $153,134 | |
| Peer median | $78,681 |
| Penn State Health: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.5B at the end of plan year 2021 to $3.4B at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 22,299 | $3.4B | $84.6M | $3,837 | 0.03% | Not published | Form 5500 ↗ |
| 2024 | 22,033 | $2.9B | $84.7M | $3,895 | 0.03% | Not published | Form 5500 ↗ |
| 2023 | 22,540 | $2.6B | $78.9M | $3,581 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 23,175 | $2.1B | $72.3M | $3,266 | 0.03% | Not published | Form 5500 ↗ |
| 2021 | 23,215 | $2.5B | $68.8M | $3,080 | 0.03% | Not published | Form 5500 ↗ |
Other Penn State Health plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Penn State Health Tax Sheltered Annuity Program
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Varialbe Annuity Life Insurance Co. | Schedule C ↗ |
| Independent auditor | Forvis Mazars LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Common questions
Does Penn State Health match 401(k) contributions?
The match terms for the Penn State Health 401(k) Savings Plan have not been published from its filing yet. The plan year 2025 filing reports $84.6M in employer contributions, about $3,837 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Penn State Health 401(k) match vested?
The vesting schedule for the Penn State Health 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Penn State Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Empower Annuity Investment Company. The plan administrator is Penn State Health.
I left Penn State Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Penn State Health, (717) 531-6222) or the recordkeeper, Empower Annuity Investment Company. The Penn State Health old 401(k) page lists the contacts from every plan filing. Find an old Penn State Health 401(k)
Data from the public Form 5500 annual reports Penn State Health filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Penn State Health. Not financial advice. Report a correction · Methodology