Plan Snapshot
- Plan Sponsor: Memorial Hermann Health System
- Sponsor EIN: 741152597
- Sponsor Address: 929 GESSNER, SUITE 2700, HOUSTON, TX, 77024
- Plan Type: DC
- Total Participants: 32,735
- Total Assets: $3.3B
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 | 32,735 | $3.3B | $122.2M | $229.0M |
| 2023 | 33,543 | $2.8B | $111.3M | $205.9M |
| 2022 | 30,949 | $2.2B | $96.9M | $182.8M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $1,176,255 | — | $1,176,255 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $1,139,525 | — | $1,139,525 |
| TOWERS WATSON INVESTMENT SERVICES, | INVESTMENT ADVISOR | $78,650 | — | $78,650 |
| MCCONNELL & JONES LLP | ACCOUNTANT/AUDITOR | $17,500 | — | $17,500 |
| SEYFARTH SHAW LLP | ATTORNEY/LEGAL | $5,673 | — | $5,673 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- MCCONNELL & JONES LLP — ACCOUNTANT/AUDITOR
- SEYFARTH SHAW LLP — ATTORNEY/LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,417,603
- Estimated Expense Ratio: 0.073% 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 | $2,412,165 | $1,139,525 | $4,500 | $17,500 | — |
| 2023 | $2,198,686 | $953,817 | $4,800 | $16,500 | — |
| 2022 | $2,138,099 | $730,849 | — | — | — |