Plan Snapshot
- Plan Sponsor: Promedica Health System, INC.
- Sponsor EIN: 341517671
- Sponsor Address: 100 MADISON AVENUE, TOLEDO, OH, 43604
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 18,391
- Total Assets: $1.6B
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. |
|---|---|---|---|---|
| 2025 | 18,391 | $1.6B | $0 | $0 |
| 2024 | 18,261 | $1.3B | $28.0M | $69.3M |
| 2023 | 17,786 | $1.2B | $29.0M | $64.5M |
| 2022 | 17,938 | $1.1B | $32.8M | $63.5M |
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 | $590,747 | $48 | $590,795 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $228,880 | — | $228,880 |
| PROMEDICA HEALTH SYSTEM, INC. | Other Service Provider | $202,420 | — | $202,420 |
| FINDLEY USI | Actuary | $66,272 | — | $66,272 |
| MERCER | Investment Advisor | $59,250 | — | $59,250 |
| PLANTE & MORAN,PLLC | Auditor | $23,500 | — | $23,500 |
| IVINS, PHILLIPS & BARKER | ERISA Attorney | $10,426 | — | $10,426 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,181,543
- Estimated Expense Ratio: 0.075% 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 |
|---|---|---|---|---|---|
| 2025 | $140,988,648 | $683,199 | $1,800 | $89,772 | — |
| 2024 | $1,653,889 | $606,456 | $2,100 | $21,750 | — |
| 2023 | $811,950 | $192,746 | $2,100 | $23,690 | — |
| 2022 | $1,022,636 | $114,436 | $881,304 | — | $26,896 |