Plan Snapshot
- Plan Sponsor: Cardinal Health, INC.
- Sponsor EIN: 310958666
- Sponsor Address: 7000 CARDINAL PLACE, DUBLIN, OH, 43017
- Plan Type: 401(k)
- Total Participants: 31,015
- Total Assets: $4.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 31,015 | $4.8B | $78.6M | $165.1M |
| 2023 | 31,337 | $4.3B | $75.5M | $158.1M |
| 2022 | 30,698 | $3.7B | $69.4M | $150.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR / RECORDKEEPER | $1,409,073 | — | $1,409,073 |
| GROOM LAW GROUP, CHARTERED | ATTORNEY | $273,564 | — | $273,564 |
| ERNST & YOUNG LLP | AUDITOR | $169,004 | — | $169,004 |
| NEPC, LLC | INVESTMENT ADVISOR | $150,000 | — | $150,000 |
| ARY ROEPCKE MULCHAEY, P.C. | ACCOUNTING | $122,010 | — | $122,010 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP, CHARTERED — ATTORNEY
- ERNST & YOUNG LLP — AUDITOR
- NEPC, LLC — INVESTMENT ADVISOR
- ARY ROEPCKE MULCHAEY, P.C. — ACCOUNTING
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,123,651
- Estimated Expense Ratio: 0.045% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,125,076 | $150,000 | $444,257 | $169,004 | — |
| 2023 | $1,997,359 | $170,000 | $410,316 | $117,353 | — |
| 2022 | $2,095,056 | $170,000 | $1,489,442 | — | $435,614 |