Indiana University Health Inc. 401(k) Review & Grade
Iu Health 401(k) Savings Plan
Indianapolis, INHealth Care & Social Assistance39,309 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,118Employer $ per active participant
$5,893Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$4.5BNet plan assets, end of year
$88,270Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 58th |
| Employee saving | 72th |
| Peers that auto-enroll | 52% |
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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
- Indiana University Health put in about $3,118 per active participant, more than the typical peer ($2,086). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $122,556,352 |
| Participant (employee) contributions | $231,655,890 |
| Other contributions (incl. rollovers in) | $40,401,554 |
| Administrative expenses paid from the plan | $2,979,099 |
| Investment advisory & management fees | $2,845,618 |
| Other admin expenses | $133,481 |
| Benefits paid out | $355,013,665 |
| Net assets, start / end of year | $3.9B / $4.5B |
| Active participants, start / end of year | 38,460 / 40,158 |
| Participants with account balances | 50,764 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $1,692,727 reported compensation |
| Empower Advisory Group, LLC | $865,671 reported compensation |
| Aon Investments USA Inc. | $126,281 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807092506NAL0002106227001, received 2025-08-07, EIN 35-1955872, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.