Plan Snapshot
- Plan Sponsor: Corewell Health
- Sponsor EIN: 383382353
- Sponsor Address: 100 MICHIGAN STREET, N.E., GRAND RAPIDS, MI, 49503
- Plan Type: 403(b)
- Total Participants: 34,243
- Total Assets: $3.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 34,243 | $3.2B | $102.7M | $169.7M |
| 2023 | 32,821 | $2.8B | $90.0M | $147.7M |
| 2022 | 27,153 | $2.3B | $88.0M | $150.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $940,594 | — | $940,594 |
| STIFEL NICOLAUS & CO. INC. | Investment Advisor | $404,455 | — | $404,455 |
| WILLIS TOWERS WATSON US LLC | Other Service Provider | $32,000 | — | $32,000 |
| MILLER JOHNSON SNELL CUMMISKEY | Other Service Provider | $25,026 | — | $25,026 |
| GEORGE JOHNSON & COMPANY | Auditor | $24,500 | — | $24,500 |
| PLANTE & MORAN, PLLC | Auditor | $7,550 | — | $7,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STIFEL NICOLAUS & CO. INC. — Investment Advisor
- GEORGE JOHNSON & COMPANY — Auditor
- PLANTE & MORAN, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,434,125
- Estimated Expense Ratio: 0.045% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,436,625 | $404,455 | — | $32,050 | — |
| 2023 | $1,084,551 | $96,528 | $645,959 | $110,713 | — |
| 2022 | $3,170,301 | $400,777 | — | — | $2,769,524 |