Lumeris Healthcare Outcomes 401(k) Review & Grade
Lumeris 401(k) Plan
Maryland Heights, MOFinance & Insurance1,038 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,941Employer $ per active participant
$11,140Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$165.6MNet plan assets, end of year
$102,276Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 69th |
| Employee saving | 80th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lumeris Healthcare Outcomes put in about $3,941 per active participant, more than the typical peer ($3,606). 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.
- 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 | $4,089,248 |
| Participant (employee) contributions | $11,557,970 |
| Other contributions (incl. rollovers in) | $3,792,651 |
| Administrative expenses paid from the plan | $191,107 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $52,788 |
| Benefits paid out | $17,645,174 |
| Net assets, start / end of year | $142.3M / $165.6M |
| Active participants, start / end of year | 1,166 / 909 |
| Participants with account balances | 1,619 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Topel Forman, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $123,419 reported compensation |
| Resources Investment Advisors LLC | $40,126 reported compensation |
| Topel Forman | $14,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250808095449NAL0002566691001, received 2025-08-08, EIN 26-3628710, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.