Plan Snapshot
- Plan Sponsor: Salem Health Hospitals & Clinics
- Sponsor EIN: 930823471
- Sponsor Address: P O BOX 14001, SALEM, OR, 973095014
- Plan Type: 401(k)
- Total Participants: 5,954
- Total Assets: $982.5M
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 | 5,954 | $982.5M | $30.6M | $54.3M |
| 2023 | 5,600 | $844.1M | $26.4M | $46.9M |
| 2022 | 5,166 | $700.1M | $24.7M | $43.9M |
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. | Investment Advisor | $370,044 | — | $370,044 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $346,717 | — | $346,717 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $716,761
- Estimated Expense Ratio: 0.073% 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 | $715,711 | $370,043 | $3,000 | — | — |
| 2023 | $636,134 | $302,640 | $1,500 | — | — |
| 2022 | $631,085 | $274,829 | — | — | — |