# Novant Health, INC. 403(b) Plan
Source: https://planprovider.pro/companies/novant-health-inc-403b-plan

> Novant Health, INC.'s 403(b) plan: 41,005 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — 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|—|—|—|—|

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