Wake Forest University Baptist Medical Center

43

Overview

Plan Rating

BrightScope Rating
43
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (24)
Average in Peer Group (62)
Highest in Peer Group (92)

Plan Description

Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan is a defined contribution plan. This plan has a BrightScope Rating of 43. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan currently has over 6,600 active participants and over $1.7B in plan assets.

Did you know?

For the average 401k participant, the 49 point difference between this plan's BrightScope Rating (43) and the top rated plan (92) could equate to:
25
Additional years of work
242,155
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2017
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address Medical Center Boulevard
  • Location
    Winston-Salem , NC
  • 27157
  • Industry
    Health Care and Social Assistance
  • Administrator
    Kathy Bumgarner
  • Net Plan Assets
    $1,670,000,000
  • Total Participants
    6,700
  • Avg Account Balance
    $75,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Great

Performance

Participation Rate:
Poor
Salary Deferrals:
Above Average
Account Balance:
Above Average

Design

Total Plan Cost:
Lowest Fees
Company Generosity:
Average

Performance

Participation Rate:
Poor
Salary Deferrals:
Average
Account Balance:
Below Avg.
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Investments

Investment Menu Stats

# of Investment Options

154

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
TIAA-CREF Traditional Annuity 10%
N/A
New York Life Guaranteed Interest Account 9%
N/A
American Funds (Capital Group) Target Date Retirement 9%
9%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Transamerica
Insurance Carrier
TIAA-Nuveen
Insurance Carrier
Valic
Insurance Carrier
Hartford
Insurance Carrier
New York Life
Insurance Advisor/Broker
Matthew Howard
Insurance Advisor/Broker
Michael J. Schultz
Insurance Advisor/Broker
Amber Austin Cornwell
Insurance Advisor/Broker
David W Dupont
Insurance Advisor/Broker
Janet Stratton
Insurance Advisor/Broker
Gregory Calvert
Recordkeeper
Transamerica
Investment Adviser
Morgan Stanley
Auditor
Butler & Burke LLP

Articles and Questions

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