Plan Snapshot
- Plan Sponsor: Essentia Health
- Sponsor EIN: 200360007
- Sponsor Address: 407 EAST 3RD STREET, DULUTH, MN, 55805
- Plan Type: 401(k)
- Total Participants: 16,170
- Total Assets: $2.2B
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 | 16,170 | $2.2B | $58.3M | $106.9M |
| 2023 | 15,695 | $1.9B | $53.0M | $100.2M |
| 2022 | 15,491 | $1.6B | $49.3M | $91.8M |
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 |
|---|---|---|---|---|
| EIDE BAILLY, LLP | Auditor | $19,400 | — | $19,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,400
- Estimated Expense Ratio: 0.001% 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 | $1,318,277 | $137,720 | — | $19,400 | — |
| 2023 | $1,317,745 | $1,271,392 | — | — | — |
| 2022 | $1,267,969 | $155,012 | — | — | $2,700 |