Plan Snapshot
- Plan Sponsor: Highmark INC.
- Sponsor EIN: 231294723
- Sponsor Address: 120 FIFTH AVE TAX, PITTSBURGH, PA, 152223000
- Plan Type: Health & Welfare
- Plan Number: 516
- Total Participants: 6,177
- Total Assets: $258.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,177 | $258.3M | $1.5M | $6.1M |
| 2023 | 6,168 | $266.3M | $1.9M | $4.1M |
| 2022 | 5,882 | $261.2M | $1.8M | $4.6M |
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 |
|---|---|---|---|---|
| HIGHMARK INC. | Other Service Provider | $1,544,502 | $302,092 | $1,846,594 |
| DIAMOND HILL | Other Service Provider | $309,778 | — | $309,778 |
| MERCER TRUST CO. | Investment Advisor | $218,700 | — | $218,700 |
| UNITED CONCORDIA COMPANIES, INC. | Other Service Provider | $117,298 | — | $117,298 |
| BNY MELLON BANK | Other Service Provider | $111,051 | — | $111,051 |
| BARROW HANLEY | Other Service Provider | $97,917 | — | $97,917 |
| SHENKMAN | Other Service Provider | $65,423 | — | $65,423 |
| REED SMITH | Other Service Provider | $18,897 | — | $18,897 |
| NEPC, LLC | Recordkeeper | $13,754 | — | $13,754 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERCER TRUST CO. — Investment Advisor
- NEPC, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,799,412
- Estimated Expense Ratio: 1.084% 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 | $4,743,159 | $486,872 | $1,661,800 | — | — |
| 2023 | $4,356,643 | $436,239 | $1,470,563 | $27,880 | — |
| 2022 | $3,295,162 | $514,677 | $627,494 | — | $298,188 |