Humana Inc. 401(k) Review & Grade
Humana Puerto Rico Retirement Savings Plan
Louisville, KYFinance & Insurance1,146 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,950Employer $ per active participant
$3,205Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$83.9MNet plan assets, end of year
$43,228Average balance per account
Score breakdown
- Employer generosity19.1 / 5038th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 50th |
| Employee saving | 7th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Humana put in about $2,950 per active participant, below the typical peer ($3,606). 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 | $3,380,361 |
| Participant (employee) contributions | $3,673,341 |
| Other contributions (incl. rollovers in) | $72,326 |
| Administrative expenses paid from the plan | $185,461 |
| Contract administrator fees | $139,294 |
| Investment advisory & management fees | $22,427 |
| Benefits paid out | $8,912,369 |
| Net assets, start / end of year | $79.6M / $83.9M |
| Active participants, start / end of year | 1,175 / 1,117 |
| Participants with account balances | 1,940 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers LLP |
| Employer stock held by plan | $4,180,028 |
Largest service providers (Schedule C)
| Banco Popular De Puerto Rico | $139,294 reported compensation |
| Schwab Retirement Plan Services Inc | $56,622 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250624094321NAL0017181234004, received 2025-06-24, EIN 61-0647538, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.