Plan Snapshot
- Plan Sponsor: Providence Health & Services
- Sponsor EIN: 510216586
- Sponsor Address: 1801 LIND AVE SW, RENTON, WA, 98057
- Plan Type: 401(k)
- Total Participants: 88,899
- Total Assets: $10.1B
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 | 88,899 | $10.1B | $534.7M | $858.4M |
| 2023 | 86,668 | $8.1B | $486.2M | $774.8M |
| 2022 | 87,590 | $5.9B | $430.6M | $701.3M |
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 | $4,205,325 | — | $4,205,325 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $1,393,949 | — | $1,393,949 |
| 7SM | CONSULTANT | $395,715 | — | $395,715 |
| MILLIMAN | CONSULTANT | $375,804 | — | $375,804 |
| CLARK NUBER P.S. | ACCOUNTANT | $69,000 | — | $69,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- MILLIMAN — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,439,793
- Estimated Expense Ratio: 0.064% 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 | $6,439,793 | $1,393,949 | $771,519 | $69,000 | — |
| 2023 | $5,692,035 | $909,170 | $1,060,023 | $62,000 | — |
| 2022 | $5,863,661 | $764,932 | $5,015,529 | — | $83,200 |