Plan Snapshot
- Plan Sponsor: Fairview Health Services
- Sponsor EIN: 410991680
- Sponsor Address: 2450 RIVERSIDE AVENUE, MINNEAPOLIS, MN, 55454
- Plan Type: 401(k)
- Total Participants: 24,777
- Total Assets: $3.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 24,777 | $3.3B | $70.2M | $162.7M |
| 2023 | 24,432 | $2.9B | $58.5M | $153.8M |
| 2022 | 23,886 | $2.4B | $81.7M | $142.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $1,425,678 | — | $1,425,678 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $503,188 | — | $503,188 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,928,866
- Estimated Expense Ratio: 0.058% 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 | $1,928,866 | $503,188 | $7,200 | — | — |
| 2023 | $1,773,496 | $382,216 | $3,000 | — | — |
| 2022 | $1,674,177 | $312,630 | — | — | — |