Plan Snapshot
- Plan Sponsor: Novant Health, INC.
- Sponsor EIN: 561376950
- Sponsor Address: 4020 KILPATRICK ROAD, WINSTON SALEM, NC, 27104
- Plan Type: 401(k)
- Total Participants: 40,442
- Total Assets: $1.7B
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 | 40,442 | $1.7B | $151.7M | $22.9M |
| 2023 | 38,190 | $1.5B | $139.7M | $19.4M |
| 2022 | 36,063 | $1.3B | $113.8M | $18.2M |
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 |
|---|---|---|---|---|
| FINANCIAL ENGINES | ADVISOR | $178,683 | — | $178,683 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $154,195 | — | $154,195 |
| CROWE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $332,878
- Estimated Expense Ratio: 0.020% 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 | $349,195 | $178,683 | $1,800 | — | — |
| 2023 | $136,909 | — | — | — | — |
| 2022 | $247,747 | — | — | — | — |