Plan Ledger DOL Form 5500 · updated monthly

Highmark Health401(k)

HIGHMARK INVESTMENT PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Highmark Health reported $1,149,667 in plan administrative expenses for 2024: 0.04% of average plan assets, below the peer median. Employer contributions averaged $7,271 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 0.05% to 0.04%. 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 24th-largest of 3,651 plans among Pennsylvania employers on file, and the 73rd of 4,798 in finance & insurance. In 2024, employees put in $1.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,861,110,381
Participants with balances21,269
Active participants14,917
Employer contributions$108,465,881
Employee contributions$130,238,474
Employer contribution per active participant$7,271
Average account balance$134,520
Benefits paid to participants$237,027,503
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.9B · 21,269 accts · $108.5M emplr
2023$2.5B · 21,909 accts · $110.4M emplr
2022$2.0B · 21,552 accts · $102.7M emplr
The Highmark Health 401(k) match · 2024
Employer contribution per active participant$7,271
Median for plans this size$5,259
2024$7,271 per active participant
2023$7,043 per active participant
2022$6,419 per active participant

Highmark Health's 2024 employer contribution ran above the $5,259 median for plans its size. 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
ALIGHT SOLUTIONS LLC · Recordkeeping$1,238,993
BLACKROCK · Investment management$809,228
THE BANK OF NEW YORK MELLON · Custodial (securities) · Trustee$168,386
NEPC · Investment management$163,963
MERCER$57,000
BAKER TILLY US, LLP · Accounting / audit$25,150

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

Recordkeeper by year2
2024Alight
2023Alight

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

Administrative cost history3
2024$1,149,667 · 0.04%
2023$1,165,922 · 0.05%
2022$1,100,357 · 0.05%
Same employer
Similar plansFinance & Insurance · Pennsylvania
Erie Indemnity Company PA$1.4B · 0.02%
Independence Blue Cross, LLC PA$958.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453674900 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.