Amerihealth Caritas Services, LLC 401(k) Review & Grade
Amerihealth Caritas 401(k) Plan
Newtown Square, PAFinance & Insurance9,823 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,429Employer $ per active participant
$6,648Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$947.5MNet plan assets, end of year
$84,136Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 46th |
| Employee saving | 27th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,457 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Amerihealth Caritas Services put in about $5,429 per active participant, more than the typical peer ($4,489). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $53,332,962 |
| Participant (employee) contributions | $65,302,048 |
| Other contributions (incl. rollovers in) | $14,042,909 |
| Administrative expenses paid from the plan | $1,249,989 |
| Contract administrator fees | $1,125,441 |
| Investment advisory & management fees | $29,185 |
| Other admin expenses | $54,101 |
| Benefits paid out | $133,643,663 |
| Net assets, start / end of year | $841.5M / $947.5M |
| Active participants, start / end of year | 10,048 / 9,598 |
| Participants with account balances | 11,262 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Vanguard Group Inc. | $1,090,442 reported compensation |
| Mercer (US) Inc Mercer Investments | $115,000 reported compensation |
| Empower Annuity Insurance Company | $41,262 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815135139NAL0014485744001, received 2025-08-15, EIN 45-5415725, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.