# Inova Health System Foundation 401(k) Plan
Source: https://planprovider.pro/companies/inova-health-system-401k-plan

> Inova Health System Foundation's 401(k) plan: 22,853 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| STRATEGIC ADVISORS, INC.|NONE|$1,360,525|—|$1,360,525|

| ERNST AND YOUNG, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — NONE

- [ERNST AND YOUNG, LLP](https://planprovider.pro/provider/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:** $1,360,525

- **Estimated Expense Ratio:** 0.039% 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|$1,133,683|$1,360,524|—|—|—|

| 2023|$1,062,980|$1,198,890|—|—|—|

| 2022|$1,526,375|$996,172|—|—|$83,449|

## Similar Plans

- [Sentara Health](https://planprovider.pro/companies/sentara-healthcare-plan-006) — 21,103 participants

- [Sentara Health](https://planprovider.pro/companies/sentara-healthcare-plan-001) — 16,048 participants

- [Sentara Health](https://planprovider.pro/companies/sentara-healthcare-403b-plan-003) — 30,766 participants

- [Carilion Clinic](https://planprovider.pro/companies/carilion-clinic-403b-plan) — 13,094 participants

- [Riverside Management Services, INC.](https://planprovider.pro/companies/riverside-management-services-inc-403b-plan) — 10,238 participants

- [Riverside Management Services, INC.](https://planprovider.pro/companies/riverside-management-services-inc-401k-plan) — 8,159 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/inova-health-system-401k-plan)

© 2026 PlanProvider.Pro