Retirement plan

HUMANA RETIREMENT SAVINGS PLAN

Name: HUMANA INC. - HUMANA RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: HUMANA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUMANA RETIREMENT SAVINGS PLAN, HUMANA INC.

HUMANA INC.EIN 61-0647538Plan #002PY 2023

P.O. BOX 1438 - LOUISVILLE, KY 402011438502-580-1000LinkedIn10001+ employeesinsurance

Other plans on this EIN

5 filings

#009Retirement-$273.8M assets #006Retirement-$268.3M assets #004Retirement-$79.6M assets #007Retirement-$22.7M assets #008Retirement-$7.6M assets

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed March 3, 2011 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$7375M

+14.4% from 2022

Total participants

61,738

+3.5% from 2022

Average account balance

$120,551

+9.9% from 2022

Annual return

15.40%

+28.49 pp from 2022

Benchmarks

See 90 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort90 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.71B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$128K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

60,365

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$572.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$41

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 33 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1 year Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$2,866,385
DYNAMIC WEALTH ADVISORS5 years Service code 26 · EIN 26-3945512	Advisory (Participants)	$96,197
MOLL WEALTH MANAGEMENT3 years Filed as: MOLL WEALTH MANAGEMENT INC. Service code 26 · EIN 46-4815069	Advisory (Participants)	$51,450
OPTIMA CAPITAL MANAGEMENT LLC2 years Service code 26 · EIN 84-3178156	Advisory (Participants)	$50,755
CHARLES SCHWAB & CO., INC.5 years Service code 33 · EIN 94-1737782	Other investment fees and expenses; F...	$45,368
MORNINGSTAR4 years Filed as: MORNINGSTAR INVESTMENT SERVICE Service code 26 · EIN 36-3297908	Advisory (Participants)	$33,760
FISHER INVESTMENTS4 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$26,205
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP LL Service code 26 · EIN 61-1758632	Advisory (Participants)	$22,116
MCF ADVISORS LLC3 years Service code 26 · EIN 20-0566061	Advisory (Participants)	$21,134
AXXCESS WEALTH MANAGEMENT LLC2 years Service code 26 · EIN 35-2436156	Advisory (Participants)	$17,243

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3.4M

$77 / participant

Recordkeeping$2M57.1%
Investment mgmt$1M42.9%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,551

$135,240-10.9%

$170,043-29.1%

$96,393+25.1%

Participation rate

98.8%

86.5%+12.2pp

87.0%+11.7pp

71.3%+27.5pp

Annual return

15.40%

22.04%-6.6pp

53.40%-38.0pp

22.88%-7.5pp

Employer contribution / active EE

$5,779

$5,029+14.9%

$6,790-14.9%

$3,239+78.4%

Participant deferral / active EE

$7,682

$8,138-5.6%

$10,410-26.2%

$5,455+40.8%

Admin fee / account holder

$56

$85-33.7%

$12,824-99.6%

$74-23.8%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$2,866,385

DYNAMIC WEALTH ADVISORS5 years

Service code 26 · EIN 26-3945512

Advisory (Participants)

$96,197

MOLL WEALTH MANAGEMENT3 years

Filed as: MOLL WEALTH MANAGEMENT INC.

Service code 26 · EIN 46-4815069

Advisory (Participants)

$51,450

OPTIMA CAPITAL MANAGEMENT LLC2 years

Service code 26 · EIN 84-3178156

Advisory (Participants)

$50,755

CHARLES SCHWAB & CO., INC.5 years

Service code 33 · EIN 94-1737782

Other investment fees and expenses; F...

$45,368

MORNINGSTAR4 years

Filed as: MORNINGSTAR INVESTMENT SERVICE

Service code 26 · EIN 36-3297908

Advisory (Participants)

$33,760

FISHER INVESTMENTS4 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$26,205

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP LL

Service code 26 · EIN 61-1758632

Advisory (Participants)

$22,116

MCF ADVISORS LLC3 years

Service code 26 · EIN 20-0566061

Advisory (Participants)

$21,134

AXXCESS WEALTH MANAGEMENT LLC2 years

Service code 26 · EIN 35-2436156

Advisory (Participants)

$17,243

HUMANA RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUMANA RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion