Plan Snapshot
- Plan Sponsor: The Health Federation Of Philadelphia
- Sponsor EIN: 232244355
- Sponsor Address: 123 S BROAD ST STE 650, PHILADELPHIA, PA, 191091013
- Plan Type: 403(b)
- Total Participants: 413
- Total Assets: $19.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 413 | $19.2M | $1.5M | $1.1M |
| 2023 | 402 | $17.6M | $1.3M | $959,140 |
| 2022 | 402 | $14.7M | $1.1M | $891,808 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $67,511 | — | $67,511 |
| COMMONWEALTH FINANCIAL NETWORK | CONSULTANT | $62,575 | $8 | $62,583 |
| NORTHEAST FINANCIAL GROUP | INVESTMENT ADVISORY | $3,552 | $14,391 | $17,943 |
| FISCHER DORWART, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — CONSULTANT
- NORTHEAST FINANCIAL GROUP — INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $148,037
- Estimated Expense Ratio: 0.770% 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 | $139,131 | $3,552 | $72,911 | — | — |
| 2023 | $101,199 | — | $92,609 | — | — |
| 2022 | $59,701 | — | — | — | $59,701 |