Trinity Health 401(k) match, vesting and fees
What Trinity Health's 401(k) plan says about matching contributions
The Plan provides for employer matching contributions to contributing participants with 1,560 scheduled hours. Part-time employees are eligible for the match upon attainment of 1,000 hours in the plan year. Certain participants are grandfathered into the employer match, as defined in the plan document. The employer matching percentage is determined based on the following formula: Employee Elective Deferral Employer Matching Contribution 1% - 3% 100% of elective deferral contributions on the first 3% of compensation 4% - 10% 50% of elective deferral contributions on the next 7% of compensation Greater than 10% 0% of elective deferral contributions greater than 10% The Plan also provides for an employer core contribution for eligible individuals who are employed on the last day of the plan year unless otherwise defined by the plan document.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
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.
| Employer match | Quoted from the filing above | Audit report, p. 81 ↗ |
| Match vesting | Participants are immediately 100 percent vested in employee salary and rollover contributions and any income or loss thereon. Vesting in the Plan Sponsor's matching and core contribution portion of their accounts, plus actual earnings thereon, is based on years of service. Participants typically vest in contributions made by the Plan Sponsor after three years of service. Provisions vary based on participating employer, as outlined in the plan document. | Audit report, p. 82 ↗ |
| Automatic enrollment | New employees of participating employers are automatically enrolled in the Plan after 30 days of employment. Auto-enrolled employees defer a specified percentage outlined in the plan document. | Audit report, p. 81 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 up to a maximum of 50 percent of their vested account balances, subject to a maximum of $50,000. | Audit report, p. 82 ↗ |
| Recordkeeper | Fid Inv Inst Ops Co | Schedule C ↗ |
| Independent auditor | Plante & Moran, PLLC (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 219 defined-contribution plans in health care and social assistance with 5,000 to 9,999 participants.
| Trinity Health: employer contribution per participant | $1,212 | |
| Peer median | $1,897 |
| Trinity Health: average balance | $88,507 | |
| Peer median | $70,943 |
| Trinity Health: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.10% |
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 $722M at the end of plan year 2023 to $779M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 13,933 | $779M | $10.7M | $1,212 | 0.05% | Quoted in the audit report, p. 81 ↗ | Form 5500 ↗ |
| 2023 | 9,723 | $722M | $6.6M | $720 | 0.07% | Not published | Form 5500 ↗ |
Other Trinity Health plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Genesis Employer Contribution 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Rsm US LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Genesis Health System Retirement Savings 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 | Transamerica Retirement Solutions | Schedule C ↗ |
| Independent auditor | Rsm US LLP (disclaimer opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Trinity Health Corporation ERISA 403(b) Retirement Plan (Frozen)
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 | Fid Inv Inst Ops Co | Schedule C ↗ |
| Independent auditor | Plante Moran PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 403(b) · Active | Form 5500 ↗ |
Trinity Health ERISA 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.
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Trinity Health match 401(k) contributions?
The audit report attached to the Trinity Health 401(k) Retirement Savings Plan's plan year 2024 Form 5500, page 81 says: “The Plan provides for employer matching contributions to contributing participants with 1,560 scheduled hours. Part-time employees are eligible for the match upon attainment of 1,000 hours in the plan year. Certain participants are grandfathered into the employer match, as defined in the plan document. The employer matching percentage is determined based on the following formula: Employee Elective Deferral Employer Matching Contribution 1% - 3% 100% of elective deferral contributions on the first 3% of compensation 4% - 10% 50% of elective deferral contributions on the next 7% of compensation Greater than 10% 0% of elective deferral contributions greater than 10% The Plan also provides for an employer core contribution for eligible individuals who are employed on the last day of the plan year unless otherwise defined by the plan document.” Plan terms may have changed; check your current Summary Plan Description.
When is the Trinity Health 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 82 says: “Participants are immediately 100 percent vested in employee salary and rollover contributions and any income or loss thereon. Vesting in the Plan Sponsor's matching and core contribution portion of their accounts, plus actual earnings thereon, is based on years of service. Participants typically vest in contributions made by the Plan Sponsor after three years of service. Provisions vary based on participating employer, as outlined in the plan document.”
Who manages the Trinity Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fid Inv Inst Ops Co. The plan administrator is Trinity Health Corporation.
I left Trinity Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Trinity Health Corporation, (734) 343-1000) or the recordkeeper, Fid Inv Inst Ops Co. The Trinity Health old 401(k) page lists the contacts from every plan filing. Find an old Trinity Health 401(k)
Data from the public Form 5500 annual reports Trinity Health 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 Trinity Health. Not financial advice. Report a correction · Methodology