Cardinal Health, Inc. 401(k) Review & Grade
Cardinal Health 401(k) Savings Plan for Employees of Puerto Rico
Dublin, OHWholesale Trade649 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,843Employer $ per active participant
$3,414Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$51.9MNet plan assets, end of year
$70,850Average balance per account
Score breakdown
- Employer generosity26.1 / 5052th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 78th |
| Employee saving | 30th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cardinal Health put in about $1,843 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,196,376 |
| Participant (employee) contributions | $2,215,957 |
| Other contributions (incl. rollovers in) | $1,030 |
| Administrative expenses paid from the plan | $41,026 |
| Contract administrator fees | $7,840 |
| Other admin expenses | $10,236 |
| Benefits paid out | $4,978,100 |
| Net assets, start / end of year | $46.1M / $51.9M |
| Active participants, start / end of year | 648 / 650 |
| Participants with account balances | 733 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $5,417,003 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $21,430 reported compensation |
| Ary Roepcke Mulchaey, P.C. | $10,155 reported compensation |
| Principal Life Insurance Company | $7,840 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730154920NAL0002058515001, received 2025-07-30, EIN 31-0958666, plan #062, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.