Plan Snapshot
- Plan Sponsor: Healthnet, INC.
- Sponsor EIN: 351579827
- Sponsor Address: 3403 E RAYMOND STREET, INDIANAPOLIS, IN, 46203
- Plan Type: 401(k)
- Total Participants: 587
- Total Assets: $32.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 587 | $32.9M | $1.7M | $2.9M |
| 2023 | 694 | $30.1M | $1.8M | $3.1M |
| 2022 | 683 | $23.2M | $1.7M | $3.0M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT INC | Investment Advisor | $96,362 | — | $96,362 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $87,315 | — | $87,315 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $38,384 | — | $38,384 |
| FLEXPATH STRATEGIES LLC | Investment Advisor | $15,527 | — | $15,527 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $237,588
- Estimated Expense Ratio: 0.722% 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 | $237,588 | $150,273 | — | — | — |
| 2023 | $193,089 | $121,359 | — | — | — |
| 2022 | $171,225 | $111,004 | $60,221 | — | — |