Ath Holding Company, LLC 401(k) Review & Grade
Elevance Health 401(k) Plan
Indianapolis, INFinance & Insurance72,500 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,212Employer $ per active participant
$7,916Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$12.1BNet plan assets, end of year
$133,552Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 68th |
| Employee saving | 30th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Corrective distributions: the plan refunded $87,188 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ath Holding Company put in about $4,212 per active participant, below the typical peer ($5,179). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $305,383,109 |
| Participant (employee) contributions | $573,925,799 |
| Other contributions (incl. rollovers in) | $121,131,452 |
| Administrative expenses paid from the plan | $6,295,758 |
| Investment advisory & management fees | $4,269,465 |
| Other admin expenses | $50,447 |
| Benefits paid out | $1,258,813,891 |
| Net assets, start / end of year | $11.0B / $12.1B |
| Active participants, start / end of year | 73,120 / 71,880 |
| Participants with account balances | 90,675 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst Young LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $4,056,009 reported compensation |
| Fidelity Investments Institutional | $1,975,846 reported compensation |
| Mercer | $123,456 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010144903NAL0008344193001, received 2025-10-10, EIN 11-3713086, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.