Plan Snapshot
- Plan Sponsor: Children'S Health System, INC.
- Sponsor EIN: 541278830
- Sponsor Address: 601 CHILDREN'S LANE, NORFOLK, VA, 235071910
- Plan Type: 401(k)
- Total Participants: 4,204
- Total Assets: $321.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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 | 4,204 | $321.8M | $9.4M | $21.1M |
| 2023 | 4,102 | $275.4M | $8.2M | $19.0M |
| 2022 | 3,891 | $229.2M | $7.9M | $17.3M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $611,450 | $15,152 | $626,602 |
| KPMG LLP | OTHER SERVICES | — | $31,200 | $31,200 |
| NFP RETIREMENT, INC. | CONSULTANT | — | $25,000 | $25,000 |
| WILLCOX SAVAGE | LEGAL | $1,887 | $6,550 | $8,437 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KPMG LLP — OTHER SERVICES
- NFP RETIREMENT, INC. — CONSULTANT
- WILLCOX SAVAGE — LEGAL
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $691,239
- Estimated Expense Ratio: 0.215% 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 | $614,050 | — | $611,450 | — | — |
| 2023 | $537,580 | — | $537,000 | — | — |
| 2022 | $496,688 | — | $496,511 | — | — |