# Highmark INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/highmark-inc-231294723-516

> Highmark INC.'s Health & Welfare plan: 6,177 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/mercer-advisors) — Investment Advisor

- [NEPC, LLC](https://planprovider.pro/provider/milliman) — 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|

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