Davita Inc. 401(k) Review & Grade
Davita Retirement Savings Plan
Denver, COHealth Care & Social Assistance57,409 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,392Employer $ per active participant
$5,515Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$3.8BNet plan assets, end of year
$50,751Average balance per account
Score breakdown
- Employer generosity21.5 / 5043th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 16th |
| Employee saving | 66th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Corrective distributions: the plan refunded $127,292 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Davita put in about $1,392 per active participant, below the typical peer ($2,086). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.22% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $79,918,698 |
| Participant (employee) contributions | $316,588,069 |
| Other contributions (incl. rollovers in) | $18,582,041 |
| Administrative expenses paid from the plan | $7,695,127 |
| Contract administrator fees | $77,523 |
| Investment advisory & management fees | $3,707,176 |
| Other admin expenses | $911,509 |
| Benefits paid out | $358,585,309 |
| Net assets, start / end of year | $3.3B / $3.8B |
| Active participants, start / end of year | 57,900 / 56,918 |
| Participants with account balances | 75,153 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moss Adams |
| Employer stock held by plan | $54,817,430 |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $3,866,328 reported compensation |
| Voya Retirement Advisors, LLC | $3,608,188 reported compensation |
| Aon | $98,988 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250709125721NAL0005706369001, received 2025-07-09, EIN 51-0354549, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.