Marathon Health, LLC. 401(k) Review & Grade
Marathon Health, LLC. 401(k) Plan
Indianapolis, INHealth Care & Social Assistance1,468 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,975Employer $ per active participant
$6,240Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$81.1MNet plan assets, end of year
$45,175Average balance per account
Score breakdown
- Employer generosity41.4 / 5083th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 35th |
| Employee saving | 89th |
| Peers that auto-enroll | 36% |
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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
- Marathon Health put in about $2,975 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $4,366,662 |
| Participant (employee) contributions | $9,160,968 |
| Other contributions (incl. rollovers in) | $1,530,531 |
| Administrative expenses paid from the plan | $263,639 |
| Benefits paid out | $10,792,379 |
| Net assets, start / end of year | $67.8M / $81.1M |
| Active participants, start / end of year | 1,420 / 1,516 |
| Participants with account balances | 1,795 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcsoley Mccoy & Co |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $263,639 reported compensation |
| JP Morgan | $0 reported compensation |
| Dodge & Cox | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015175531NAL0002835219001, received 2025-10-15, EIN 26-0103977, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.