# Providence Health & Services 401(k) Plan
Source: https://planprovider.pro/companies/providence-health-services-401k-plan-010

> Providence Health & Services's 401(k) plan: 88,899 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [MILLIMAN](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/providence-health-services-401k-plan-010)

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