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: 12,517
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 12,517 | $1.4B | $0 | $78.6M |
| 2023 | 14,465 | $1.3B | $20,283 | $80.7M |
| 2022 | 15,470 | $1.1B | $43,061 | $80.6M |
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 | $443,649 | — | $443,649 |
| GJC CPA'S & ADVIOSRS | NONE | $19,400 | — | $19,400 |
| NEPC | NONE | $16,739 | — | $16,739 |
| WILLIS TOWERS WATSON US LLC | NONE | $6,200 | — | $6,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GJC CPA'S & ADVIOSRS — 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: $485,988
- Estimated Expense Ratio: 0.034% 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 | $493,053 | $21,721 | — | $19,400 | — |
| 2023 | $449,814 | $12,518 | — | $18,650 | — |
| 2022 | $401,192 | — | $6,965 | — | $394,227 |