Plan Ledger DOL Form 5500 · updated monthly

Centene Corporation401(k)

CENTENE MANAGEMENT CORPORATION RETIREMENT PLAN · ST. LOUIS, MO · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Centene Corporation reported $2,401,795 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $2,041 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 0.09% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 6th-largest of 1,393 plans among Missouri employers on file, and the 43rd of 4,798 in finance & insurance. In 2024, employees put in $3.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,716,699,086
Participants with balances64,621
Active participants54,939
Employer contributions$112,110,128
Employee contributions$403,810,027
Employer contribution per active participant$2,041
Average account balance$72,990
Benefits paid to participants$432,086,155
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.7B · 64,621 accts · $112.1M emplr
2023$4.0B · 65,009 accts · $112.8M emplr
2022$3.2B · 63,292 accts · $99.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,305,857
Investment management$1,066,538
Audit (IQPA)$29,400
Total administrative$2,401,795
The Centene Corporation 401(k) match · 2024
Employer contribution per active participant$2,041
Median for plans this size$5,259
2024$2,041 per active participant
2023$2,098 per active participant
2022$1,848 per active participant

Centene Corporation'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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,305,857
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$982,966
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$83,572
ARMANINO LLP · Accounting / audit$29,400

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

Administrative cost history3
2024$2,401,795 · 0.05%
2023$2,678,564 · 0.07%
2022$3,190,546 · 0.09%
All plans at this employer2
CENTENE MANAGEMENT CORPORATION RETIREMENT PLAN401(k)
CENTENE CONSOLIDATED FROZEN RETIREMENT PLAN401(k)
Same employer
Similar plansFinance & Insurance · Missouri
Edward D. Jones & Co., L.P. MO$12.4B · 0.01%
Bmo Financial Corp. IL$5.0B · 0.02%
Farmers Group, Inc. CA$4.9B · 0.11%
Blackrock, Inc. NY$4.8B · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391864073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.