Plan Snapshot
- Plan Sponsor: Henry Ford Health System
- Sponsor EIN: 381357020
- Sponsor Address: ONE FORD PLACE, 4E, DETROIT, MI, 482023450
- Plan Type: 401(k)
- Total Participants: 37,622
- Total Assets: $932.2M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 37,622 | $932.2M | $60.9M | $99.1M |
| 2023 | 18,399 | $618.0M | $47.8M | $74.6M |
| 2022 | 16,283 | $440.9M | $41.1M | $62.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $714,930 | — | $714,930 |
| GJC CPA'S & ADVISORS | NONE | $18,400 | — | $18,400 |
| NEPC | NONE | $12,644 | — | $12,644 |
| WILLIS TOWERS WATSON US LLC | NONE | $10,100 | — | $10,100 |
| CLARK HILL PLC | NONE | $9,877 | — | $9,877 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GJC CPA'S & ADVISORS — NONE
- WILLIS TOWERS WATSON US LLC — NONE
- CLARK HILL PLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $765,951
- Estimated Expense Ratio: 0.082% 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 | $765,918 | $12,644 | — | $18,400 | — |
| 2023 | $658,379 | $8,466 | — | $17,700 | — |
| 2022 | $453,905 | — | — | — | $453,905 |