Bright Health Management, Inc.401(k)
BRIGHT HEALTH MANAGEMENT, INC. 401(K) PLAN · MINNEAPOLIS, MN · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Bright Health Management, Inc. reported $209,039 in plan administrative expenses for 2023: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $16,710 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.37% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 400th-largest of 1,918 plans among Minnesota employers on file, and the 1,357th of 4,798 in finance & insurance. In 2023, employees put in $2.07 for every $1.00 the employer contributed; active participation has shrunk from 1,344 to 294 since 2022.
Bright Health Management, Inc.'s 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 811108911 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.