Plan Snapshot
- Plan Sponsor: Novant Health, INC.
- Sponsor EIN: 561376950
- Sponsor Address: 4020 KILPATRICK ROAD, WINSTON-SALEM, NC, 27104
- Plan Type: 403(b)
- Total Participants: 41,005
- Total Assets: $2.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 41,005 | $2.5B | $16,092 | $217.2M |
| 2023 | 38,137 | $2.2B | $12,806 | $198.9M |
| 2022 | 36,057 | $1.9B | $20,747 | $183.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $2,412,315 | — | $2,412,315 |
| FINANCIAL ENGINES | ADVISOR | $275,063 | — | $275,063 |
| 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: $2,687,378
- Estimated Expense Ratio: 0.106% 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 | $2,705,553 | $275,063 | $2,700 | — | — |
| 2023 | $2,377,379 | — | — | — | — |
| 2022 | $2,433,478 | — | — | — | — |