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)
- Total Participants: 5,451
- Total Assets: $656.3M
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 | 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 |
|---|---|---|---|---|
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $547,419 | — | — | — | — |
| 2023 | $612,416 | — | — | — | — |
| 2022 | $625,207 | — | — | — | — |