Plan Snapshot
- Plan Sponsor: Henry Ford Health System
- Sponsor EIN: 381357020
- Sponsor Address: ONE FORD PLACE, 4E, DETROIT, MI, 482023450
- Plan Type: DC
- Total Participants: 13,077
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 13,077 | $1.8B | $45.3M | $23.6M |
| 2023 | 13,461 | $1.7B | $41.8M | $24.4M |
| 2022 | 14,349 | $1.6B | $53.5M | $25.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $622,595 | — | $622,595 |
| NEPC LLC | NONE | $37,706 | — | $37,706 |
| GJC CPA'S & ADVISORS | NONE | $20,400 | — | $20,400 |
| WILLIS TOWERS WATSON US LLC | NONE | $8,100 | — | $8,100 |
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
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $688,801
- Estimated Expense Ratio: 0.037% 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 | $690,646 | $37,706 | — | $20,400 | — |
| 2023 | $738,672 | $41,533 | — | $19,650 | — |
| 2022 | $650,727 | — | — | — | $638,811 |