The Wright Center for Graduate Medical Education 401(k) Review & Grade
The Wright Center for Graduate Medical Education 403(b) Plan
Scranton, PAEducational Services643 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,913Employer $ per active participant
$2,740Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$36.5MNet plan assets, end of year
$28,346Average balance per account
Score breakdown
- Employer generosity45.1 / 5090th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 47th |
| Employee saving | 54th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Wright Center for Graduate Medical Education put in about $3,913 per active participant, more than the typical peer ($1,225). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,516,202 |
| Participant (employee) contributions | $1,761,848 |
| Other contributions (incl. rollovers in) | $117,979 |
| Administrative expenses paid from the plan | $83,100 |
| Contract administrator fees | $83,100 |
| Benefits paid out | $1,693,885 |
| Net assets, start / end of year | $30.2M / $36.5M |
| Active participants, start / end of year | 636 / 650 |
| Participants with account balances | 1,288 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Pentegra Services, Inc. | $45,140 reported compensation |
| Tiaa Teachers Insurance and Annuity | $23,279 reported compensation |
| Two West Capital Advisors | $14,681 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806084644NAL0003534240001, received 2025-08-06, EIN 23-2007832, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.