Plan Snapshot
- Plan Sponsor: Inova Health System Foundation
- Sponsor EIN: 541071867
- Sponsor Address: 8095 INNOVATION PARK DRIVE, FAIRFAX, VA, 22031
- Plan Type: 401(k)
- Total Participants: 22,853
- Total Assets: $3.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 22,853 | $3.5B | $99.5M | $208.7M |
| 2023 | 21,716 | $2.9B | $89.1M | $180.4M |
| 2022 | 19,635 | $2.4B | $79.2M | $158.5M |
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 |
|---|---|---|---|---|
| ERNST AND YOUNG, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST AND YOUNG, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,133,683 | $1,360,524 | — | — | — |
| 2023 | $1,062,980 | $1,198,890 | — | — | — |
| 2022 | $1,526,375 | $996,172 | — | — | $83,449 |