Humana Inc. 401(k) Review & Grade
Humana Retirement Savings Plan
Louisville, KYFinance & Insurance44,337 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,447Employer $ per active participant
$7,456Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$7.7BNet plan assets, end of year
$127,657Average balance per account
Score breakdown
- Employer generosity26.1 / 5052th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 82th |
| Employee saving | 20th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Corrective distributions: the plan refunded $44,259 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Humana put in about $5,447 per active participant, more than the typical peer ($5,179). 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 | $241,513,252 |
| Participant (employee) contributions | $330,579,824 |
| Other contributions (incl. rollovers in) | $82,099,467 |
| Administrative expenses paid from the plan | $2,445,213 |
| Investment advisory & management fees | $1,834,842 |
| Benefits paid out | $1,048,130,106 |
| Net assets, start / end of year | $7.4B / $7.7B |
| Active participants, start / end of year | 45,706 / 42,968 |
| Participants with account balances | 60,365 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers |
| Employer stock held by plan | $279,934,804 |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $2,068,922 reported compensation |
| Dynamic Wealth Advisors | $105,209 reported compensation |
| Charles Schwab & Co., Inc. | $63,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251105164318NAL0010915057001, received 2025-11-05, EIN 61-0647538, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.