# Children'S Health System, INC. 401(k) Plan
Source: https://planprovider.pro/companies/children-s-health-system-inc-401k-plan

> Children'S Health System, INC.'s 401(k) plan: 4,204 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/kpmg-llp) — OTHER SERVICES

- [NFP RETIREMENT, INC.](https://planprovider.pro/provider/accelerate-retirement) — CONSULTANT

- [WILLCOX SAVAGE](https://planprovider.pro/provider/willcox-and-savage-pc) — LEGAL

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/children-s-health-system-inc-401k-plan)

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