The Cigna Group 401(k) Review & Grade
The Cigna Group 401(k) Plan
Philadelphia, PAFinance & Insurance65,083 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,586Employer $ per active participant
$8,548Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$14.1BNet plan assets, end of year
$160,346Average balance per account
Score breakdown
- Employer generosity19.7 / 5039th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1544th 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 | 39th |
| Lower admin cost | 93th |
| Employee saving | 44th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Corrective distributions: the plan refunded $67,707 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cigna Group put in about $4,586 per active participant, below the typical peer ($5,179). 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.
- 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 | $298,454,514 |
| Participant (employee) contributions | $556,341,047 |
| Other contributions (incl. rollovers in) | $72,308,231 |
| Administrative expenses paid from the plan | $2,203,117 |
| Other admin expenses | −$93,579 |
| Benefits paid out | $1,267,525,380 |
| Net assets, start / end of year | $12.9B / $14.1B |
| Active participants, start / end of year | 63,634 / 66,532 |
| Participants with account balances | 88,184 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers, LLP |
| Employer stock held by plan | $885,303,398 |
Largest service providers (Schedule C)
| Empower Ann Ins Co of America | $2,296,696 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151025NAL0001561267001, received 2025-10-14, EIN 82-4991898, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.