Intermountain Health Care 401(k) match, vesting and fees
What Intermountain Health Care's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Automatic enrollment | Newly eligible employees are automatically enrolled in the Plan at a deferral rate of 1% of eligible compensation. | Audit report, p. 112 ↗ |
| Roth contributions | Participants may voluntarily elect to make pre-tax (traditional) and post-tax (Roth) contributions, subject to certain limitations under the Code. | Audit report, p. 112 ↗ |
| Loans | A participant may borrow from a minimum of five hundred dollars up to a maximum equal to 50% of the participant’s account balance or fifty thousand dollars minus the highest aggregate outstanding loan balance during the preceding 12 months, whichever is less. These loan parameters apply to the Plan and the Intermountain Health 403(b) Plan (formerly the Intermountain Healthcare Tax Deferred Savings 403(b) Plan) on a combined basis. Loan terms range from 1 to 5 years, or up to 10 years for the purchase of a primary residence. Loans bear interest at a fixed rate of prime plus 1% as of the time the loan is secured. Principal and interest are paid ratably through bi-weekly payroll deductions. As of December 31, 2024, the interest rates on loans ranged from 4.25% to 9.50% with maturities through April 2038. | Audit report, p. 114 ↗ |
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Crowe, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 31 defined-contribution plans in health care and social assistance with 50,000 or more participants.
| Intermountain Health Care: employer contribution per participant | $2,571 | |
| Peer median | $1,711 |
| Intermountain Health Care: average balance | $81,460 | |
| Peer median | $88,270 |
| Intermountain Health Care: admin expenses ÷ assets | 0.15% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $6B at the end of plan year 2023 to $6.8B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 86,655 | $6.8B | $216M | $2,571 | 0.15% | Not published | Form 5500 ↗ |
| 2023 | 84,637 | $6B | $178M | $2,202 | 0.14% | Not published | Form 5500 ↗ |
Other Intermountain Health Care plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Intermountain Health 403(b) Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Crowe, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Intermountain Healthcare Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | KPMG LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Intermountain Health Care match 401(k) contributions?
The match terms for the Intermountain Health 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $216M in employer contributions, about $2,571 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Intermountain Health Care 401(k) match vested?
The vesting schedule for the Intermountain Health 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Intermountain Health Care 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Intermountain Health Care, Inc..
I left Intermountain Health Care. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Intermountain Health Care, Inc., (801) 442-2000) or the recordkeeper, T Rowe Price Rps Inc. The Intermountain Health Care old 401(k) page lists the contacts from every plan filing. Find an old Intermountain Health Care 401(k)
Data from the public Form 5500 annual reports Intermountain Health Care filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Intermountain Health Care. Not financial advice. Report a correction · Methodology