Plan Ledger DOL Form 5500 · updated monthly

Nuvance Health401(k)

NUVANCE HEALTH 401(K) RETIREMENT SAVINGS PLAN · DANBURY, CT · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Nuvance Health reported $988,126 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,476 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 rose from 0.08% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 27th-largest of 1,106 plans among Connecticut employers on file, and the 152nd of 11,911 in health care & social assistance. In 2024, employees put in $1.66 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,237,273,924
Participants with balances12,214
Active participants10,383
Employer contributions$56,854,168
Employee contributions$94,396,712
Employer contribution per active participant$5,476
Average account balance$101,300
Benefits paid to participants$89,098,468
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 12,214 accts · $56.9M emplr
2023$1.0B · 12,176 accts · $52.5M emplr
2022$792.5M · 11,188 accts · $49.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$763,227
Investment management$176,215
Total administrative$988,126
The Nuvance Health 401(k) match · 2024
Employer contribution per active participant$5,476
Median for plans this size$5,259
2024$5,476 per active participant
2023$5,097 per active participant
2022$4,973 per active participant

Nuvance 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 · 20243
FID INV INTL OPS CO · Loan processing$763,277
STRATEGIC ADVISORS, INC · Investment advisory (plan)$176,215
GYL FINANCIAL SYNERGIES · Consulting$48,684

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$988,126 · 0.09%
2023$979,642 · 0.11%
2022$604,318 · 0.08%
All plans at this employer2
NUVANCE HEALTH 403(B) PLAN (F/K/A HEALTH QUEST SYSTEMS, INC. TAX DEFERRED ANNUITY PLAN)403(b)
NUVANCE HEALTH 401(K) RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansHealth Care & Social Assistance · Connecticut
Stamford Health, Inc. CT$504.5M · 0.08%
Middlesex Health CT$473.2M · 0.10%
Lawrence & Memorial Hospital CT$369.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834214573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.