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Retirement plan

PROVIDENCE HEALTH & SERVICES 403(B) VALUE PLAN

PROVIDENCE HEALTH & SERVICESEIN 51-0216586Plan #002PY 2024
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1801 LIND AVE SW - RENTON, WA 980579016888-687-3753LinkedIn10001+ employeeshospital & health care
Other plans on this EIN
2 filings
#010Retirement-$10.07B assets#007Retirement-$43.7M assets
Prospect flagsLow employer contributionLow participant contributionWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(888) 687-3753
Plan administrator signer
REBECCA BROWN
Signed 10/15/2025
How to read this page

Summary metrics

Total assets (EOY)
$6549.2M
-13.5% from 2016
Total participants
60,228
-4.0% from 2016
Average account balance
$108,915
-13.1% from 2016
Annual return
15.28%
-5.97 pp from 2016

Benchmarks

See 275 peers
Peer group
Industry62 - Health Care and Social Assistance
Plan typeDefined contribution
Participants>=10,000
Cohort275 peers
Snapshot2024
Participant deferral / active EE
$0
median $4,708
Employer contribution / active EE
$0
median $2,014
Participation rate
99.8%
median 86.4%
Avg account balance
$108,915
median $64,875
Admin fee / account holder
$31
median $50
Annual return
15.28%
median 14.66%
Overall peer rank
54th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$6.55B
Average account balance
Total assets / participants with a balance (line 6g)
$109K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
60,131
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.8%
Contributions (total)
Employer and participant dollars contributed each year
$9.67M
Contributions per participant
Average employer and participant contribution per enrolled participant
$183
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.28%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$31
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 5 by compensation
ProviderService typeCompensation
STRATEGIC ADVISORS, INC.7 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$915,497
FIDELITY3 years
Service code 37 · EIN 04-2647786
Loan Processing
$506,646
SEVEN SIMPLE MACHINES10+ years
Service code 16 · EIN 20-4028622
Consulting
$230,574
MILLIMAN, INC.10+ years
Service code 16 · EIN 91-0675641
Consulting
$180,810
CLARK NUBER P.S2 years
Service code 10 · EIN 91-1194016
Accounting
$51,500

Top hat statement on fileNQDC

Filed July 6, 2015 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
1801 Lind Avenue, SW
Renton State: WA Zip Code: 98057
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • Providence Health & Services Executive Strategic Initiatives Plan125 emp
Open the filing PDF

Plan features & details

Pension benefit codes2G2J2K2L2R2T3H2F
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2L
    Code section 403(b)(1) arrangement
    Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$1.9M
$47 / participant
  • Recordkeeping$507K26.9%
  • Investment mgmt$915K48.6%
  • Contract admin$411K21.8%
  • Other / not subdivided$52K2.7%
% of EOY assets
0.029%
all-in expense ratio
Categories reported
3 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm
CLARK NUBER P.S
Auditor EIN
911194016
Audit fees
$51,500
Opinion code
Disclaimer