Unitedhealth Group Incorporated 401(k) Review & Grade
Unitedhealth Group 401(k) Savings Plan
Minnetonka, MNProfessional, Scientific & Technical Services202,297 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,289Employer $ per active participant
$7,221Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$26.6BNet plan assets, end of year
$100,933Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 88th |
| Employee saving | 43th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $645,948 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Unitedhealth Group Incorporated put in about $3,289 per active participant, more than the typical peer ($2,932). 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 | $665,377,224 |
| Participant (employee) contributions | $1,460,702,106 |
| Other contributions (incl. rollovers in) | $203,296,609 |
| Administrative expenses paid from the plan | $6,033,226 |
| Benefits paid out | $2,211,786,861 |
| Net assets, start / end of year | $22.4B / $26.6B |
| Active participants, start / end of year | 205,460 / 199,134 |
| Participants with account balances | 263,728 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche, LLP |
| Employer stock held by plan | $456,999,488 |
Largest service providers (Schedule C)
| Fidelity Invst Instnl Oprtn Co, Inc | $6,033,226 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716132709NAL0002446659001, received 2025-07-16, EIN 41-1321939, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.