Plan Snapshot
- Plan Sponsor: Ochsner Clinic Foundation
- Sponsor EIN: 720502505
- Sponsor Address: 1514 JEFFERSON HWY., BH 543, NEW ORLEANS, LA, 701212429
- Plan Type: 401(k)
- Total Participants: 34,054
- Total Assets: $2.7B
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 | 34,054 | $2.7B | $69.1M | $183.0M |
| 2023 | 32,229 | $2.3B | $58.6M | $170.1M |
| 2022 | 31,221 | $1.9B | $54.8M | $153.0M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Recordkeeper | $1,541,174 | — | $1,541,174 |
| VANGUARD ADVISERS INC. | Recordkeeper | $1,453,319 | — | $1,453,319 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — Recordkeeper
- VANGUARD ADVISERS INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,994,493
- Estimated Expense Ratio: 0.111% 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 | $2,858,992 | — | — | — | — |
| 2023 | $2,311,353 | — | — | — | — |
| 2022 | $1,863,521 | — | — | — | — |