Plan Snapshot
- Plan Sponsor: Providence Health & Services
- Sponsor EIN: 510216586
- Sponsor Address: 1801 LIND AVE SW, RENTON, WA, 980579016
- Plan Type: 401(k)
- Total Participants: 39,977
- Total Assets: $6.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- 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 | 39,977 | $6.5B | $0 | $0 |
| 2023 | 52,776 | $6.2B | $1.8M | $7.9M |
| 2022 | 51,684 | $5.7B | $5.3M | $20.5M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $915,497 | — | $915,497 |
| FIDELITY | RECORDKEEPER | $506,646 | — | $506,646 |
| SEVEN SIMPLE MACHINES | CONSULTANT | $230,574 | — | $230,574 |
| MILLIMAN, INC. | CONSULTANT | $180,810 | — | $180,810 |
| CLARK NUBER P.S | ACCOUNTANT/AUDITOR | $51,500 | — | $51,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY — RECORDKEEPER
- MILLIMAN, INC. — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,885,027
- Estimated Expense Ratio: 0.029% 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 | $1,885,027 | $915,497 | $411,384 | $51,500 | — |
| 2023 | $2,075,140 | $857,055 | $495,648 | $31,767 | — |
| 2022 | $2,566,087 | $999,130 | $1,432,891 | — | $134,066 |