Plan Snapshot
- Plan Sponsor: Magellan Health, INC.
- Sponsor EIN: 581076937
- Sponsor Address: 13500 RIVERPORT DRIVE SUITE 110, MARYLAND HEIGHTS, MO, 63043
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 8,755
- Total Assets: $702.5M
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. |
|---|---|---|---|---|
| 2025 | 8,755 | $702.5M | $0 | $0 |
| 2024 | 5,451 | $656.3M | $9.0M | $29.0M |
| 2023 | 5,272 | $614.1M | $9.6M | $29.4M |
| 2022 | 6,300 | $638.7M | $16.8M | $52.8M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $466,259 | — | $466,259 |
| FIDUCIENT ADVISORS LLC | Other Service Provider | $84,740 | — | $84,740 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $550,999
- Estimated Expense Ratio: 0.078% 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 |
|---|---|---|---|---|---|
| 2025 | $92,768,501 | $84,740 | — | — | — |
| 2024 | $547,419 | — | — | — | — |
| 2023 | $612,416 | — | — | — | — |
| 2022 | $625,207 | — | — | — | — |