Plan Snapshot
- Plan Sponsor: Children'S Health System, INC.
- Sponsor EIN: 541278830
- Sponsor Address: 601 CHILDREN'S LANE, NORFOLK, VA, 235071910
- Plan Type: 403(b)
- Total Participants: 575
- Total Assets: $78.8M
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 | 575 | $78.8M | $0 | $0 |
| 2023 | 618 | $80.3M | $0 | $0 |
| 2022 | 652 | $76.3M | $0 | $0 |
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 | $159,979 | $2,538 | $162,517 |
| NFP RETIREMENT, INC. | CONSULTANT | — | $25,000 | $25,000 |
| KPMG, LLP | ACCOUNTANT | $7,057 | $9,742 | $16,799 |
| FORVIS MAZARS, LLP | Auditor | $7,057 | — | $7,057 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT, INC. — CONSULTANT
- KPMG, LLP — ACCOUNTANT
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,373
- Estimated Expense Ratio: 0.268% 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 | $168,494 | — | $159,979 | $7,057 | — |
| 2023 | $170,276 | $6,232 | $164,044 | — | — |
| 2022 | $180,298 | — | $176,311 | — | $3,987 |