Plan Snapshot
- Plan Sponsor: Fairview Health Services
- Sponsor EIN: 411865874
- Sponsor Address: 1601 GOLF COURSE ROAD, GRAND RAPIDS, MN, 55744
- Plan Type: 401(k)
- Total Participants: 828
- Total Assets: $114.0M
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 | 828 | $114.0M | $3.1M | $4.7M |
| 2023 | 741 | $99.2M | $2.7M | $4.1M |
| 2022 | 665 | $84.3M | $2.7M | $3.9M |
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 | $40,630 | — | $40,630 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $26,731 | — | $26,731 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,361
- Estimated Expense Ratio: 0.059% 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 | $67,361 | $26,731 | $1,800 | — | — |
| 2023 | $61,159 | $23,590 | — | — | — |
| 2022 | $55,577 | $19,790 | — | — | — |