Plan Snapshot
- Plan Sponsor: Northwestern Memorial Healthcare
- Sponsor EIN: 363152959
- Sponsor Address: 541 NORTH FAIRBANKS COURT, CHICAGO, IL, 60611
- Plan Type: 401(k)
- Total Participants: 38,348
- Total Assets: $5.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 38,348 | $5.4B | $192.6M | $298.6M |
| 2023 | 35,963 | $4.5B | $170.0M | $263.8M |
| 2022 | 34,104 | $3.6B | $153.5M | $236.1M |
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 | $1,409,712 | — | $1,409,712 |
| MERCER INVESTMENTS LLC | Other Service Provider | $70,000 | — | $70,000 |
| AKERMAN LLP | ERISA Attorney | $62,432 | — | $62,432 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $59,890 | — | $59,890 |
| ERNST & YOUNG LLP | Auditor | $8,415 | — | $8,415 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- AKERMAN LLP — ERISA Attorney
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,610,449
- Estimated Expense Ratio: 0.030% 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 | $2,359,247 | $70,000 | — | $8,415 | — |
| 2023 | $1,953,800 | $70,000 | — | $8,106 | — |
| 2022 | $2,068,012 | $70,000 | — | — | $45,781 |