Plan Snapshot
- Plan Sponsor: Sentara Holdings, INC.
- Sponsor EIN: 541555638
- Sponsor Address: 1330 SENTARA PARK, THIRD FLOOR, VIRGINIA BEACH, VA, 23464
- Plan Type: 401(k)
- Total Participants: 3,952
- Total Assets: $435.4M
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 | 3,952 | $435.4M | $9.4M | $33.2M |
| 2023 | 4,124 | $318.8M | $7.8M | $27.5M |
| 2022 | 3,448 | $257.1M | $6.9M | $24.2M |
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 | $209,755 | — | $209,755 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $79,601 | — | $79,601 |
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $289,356
- Estimated Expense Ratio: 0.066% 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 | $287,945 | $96,151 | $300 | — | — |
| 2023 | $268,656 | $76,859 | $191,797 | — | — |
| 2022 | $260,813 | $47,966 | $212,847 | — | — |