Plan Ledger DOL Form 5500 · updated monthly

Cardinal Health, Inc.401(k) + ESOP (KSOP)

CARDINAL HEALTH 401(K) SAVINGS PLAN · DUBLIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Cardinal Health, Inc. reported $2,125,076 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $2,534 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 0.051% to 0.047%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 13th-largest of 3,295 plans among Ohio employers on file, and the 7th of 4,246 in wholesale trade. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,764,316,473
Participants with balances32,188
Active participants31,015
Employer contributions$78,591,039
Employee contributions$165,082,090
Employer contribution per active participant$2,534
Average account balance$148,015
Benefits paid to participants$470,922,259
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.8B · 32,188 accts · $78.6M emplr
2023$4.3B · 35,420 accts · $75.5M emplr
2022$3.7B · 36,294 accts · $69.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,409,073
Investment management$150,000
Audit (IQPA)$169,004
Total administrative$2,125,076
The Cardinal Health, Inc. 401(k) match · 2024
Employer contribution per active participant$2,534
Median for plans this size$5,259
2024$2,534 per active participant
2023$2,409 per active participant
2022$2,259 per active participant

Cardinal Health, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
PRINCIPAL LIFE INSURANCE COMPANY · Recordkeeping$964,816
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$444,257
GROOM LAW GROUP, CHARTERED · Legal$273,564
ERNST & YOUNG LLP · Accounting / audit$169,004
NEPC, LLC · Investment advisory (plan) · Investment management$150,000
ARY ROEPCKE MULCHAEY, P.C. · Accounting / audit$122,010

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Principal
2023Principal

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,125,076 · 0.05%
2023$1,997,359 · 0.05%
2022$2,095,056 · 0.05%
All plans at this employer2
CARDINAL HEALTH 401(K) SAVINGS PLAN401(k) + ESOP (KSOP)
CARDINAL HEALTH 401(K) SAVINGS PLAN FOR EMPLOYEES OF PUERTO RICO401(k) + ESOP (KSOP)
Same employer
Similar plansWholesale Trade · Ohio
Cargill, Incorporated MN$8.9B · 0.04%
Nike, Inc. OR$5.9B · 0.04%
McKesson Corporation TX$5.7B · 0.02%
Sysco Corporation TX$5.2B · 0.05%
Robert Bosch LLC IL$4.6B · 0.06%
W. W. Grainger, Inc. IL$3.8B · 0.03%
Ferguson Enterprises, LLC VA$3.6B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310958666 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.