Indiana › Finance and insurance › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Elevance Health Cash Balance Plan B
Sponsored by Ath Holding Company LLC, Indianapolis, IN
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Ath Holding Company LLC of Indianapolis, Indiana sponsors Elevance Health Cash Balance Plan B, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 1,996 participants (402 active) and $501M in net assets.
Net assets came to $250,811 per participant, well above the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well above the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $1.5M: $747 per participant, well above the same-size median of $325. Administrative expenses charged to the plan were $1.7M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $542M in 2011 to $501M in 2024 (down 8%), and participants from 3,719 to 1,996 (down 46%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $250,811 | $87,935 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $7,849 | $10,244 |
| Schedule C compensation per participant | $747 | $325 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.30% | 0.41% | 0.32% | 0.42% |
| Administrative expenses per participant | $843 | $513 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 1,996 | $501M | $250,811 | — | — | $1.5M |
| 2023 | 2,126 | $515M | $242,093 | — | — | $1.3M |
| 2022 | 2,256 | $497M | $220,176 | — | — | $1.0M |
| 2021 | 2,393 | $631M | $263,693 | — | — | $1.2M |
| 2020 | 2,547 | $622M | $244,378 | — | — | $918K |
| 2019 | 2,740 | $594M | $216,824 | — | — | $1.1M |
| 2018 | 2,896 | $558M | $192,789 | $1.0M | — | $1.2M |
| 2017 | 3,075 | $624M | $202,902 | — | — | $979K |
| 2016 | 2,683 | $566M | $211,022 | — | — | $1.1M |
| 2015 | 2,860 | $570M | $199,199 | — | — | $1.0M |
| 2014 | 3,036 | $602M | $198,180 | — | — | $1.0M |
| 2013 | 3,201 | $591M | $184,697 | — | — | $1.1M |
| 2012 | 3,422 | $562M | $164,326 | — | — | $1.4M |
| 2011 | 3,719 | $542M | $145,711 | $30.0M | — | $949K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$514,688,730
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$31,293,900
- Benefits paid$43,680,789
- Administrative expenses$1,682,796
- Total expenses$45,363,585
- Net income−$14,069,685
- Net transfers$0
- Net assets, end of year$500,619,045
Participants
- Active participants402
- Retired or separated, receiving benefits1,189
- Retired or separated, entitled to future benefits355
- Total participants, end of year1,996
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| JPMorgan Chase Bank N.A. | Trustee (bank, trust company, or similar financial institution); Investment management | $646,948 | $0 |
| Kayne Anderson Core Real Estate Adv | Investment management | $600,507 | $0 |
| Arthur J Gallagher & Co. | Actuarial; Consulting (general) | $86,411 | $0 |
| Elevance Health, Inc. | Plan Administrator | $67,379 | $0 |
| Mercer | Consulting (general) | $52,942 | $0 |
| Principal Life Insurance Company | Contract Administrator | $22,764 | $0 |
| Aon Consulting Inc. | Consulting (general) | $13,333 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$1,101,143
- Other administrative expenses$258,787
- Trustee and custodial fees$146,312
- Actuarial fees$86,411
- Salaries and allowances$67,379
- Contract administrator fees$22,764
- Total administrative expenses$1,682,796
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Master trust investment accounts$472M · 94.3%
- Insurance company general account$28.5M · 5.7%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmCrowe LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan1ECode section 401(h) arrangement1IFrozen plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 524140: Direct Life, Health, & Medical Insurance Carriers.
Other plans of Ath Holding Company LLC
| Plan | Participants | Net assets |
|---|---|---|
| Elevance Health 401(k) Plan | 94,427 | $12.1B |
| Elevance Health Cash Balance Plan a | 22,757 | $1.24B |
Similar plans in Indiana
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| American United Life Insurance Company Employees Retirement Plan and Trust | Oneamerica Financial Partners Inc. | 4,339 | $505M | $116,335 |
| Indiana Farm Bureau Retirement Plan | United Farm Family Life Insurance Company | 1,796 | $217M | $120,887 |
| Springleaf Financial Services Retirement Plan | Onemain General Services Corporation | 4,629 | $261M | $56,452 |
| Employees' Retirement Plan of Blue Cross of California | Anthem Holding Corp. | 933 | $44.0M | $47,140 |
| Elevance Health Cash Balance Plan a | Ath Holding Company LLC | 22,757 | $1.24B | $54,367 |
| First Financial Corporation Employees' Pension Plan | First Financial Corporation | 877 | $63.6M | $72,501 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Elevance Health Cash Balance Plan B?
1,996 participants at the end of the plan year ending 31 Dec 2024, of whom 402 were active employees, with net assets of $500,619,045. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Ath Holding Company LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $1,490,284 in compensation to service provider organisations, $747 per participant or 0.30% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $1,682,796. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Ath Holding Company LLC. Recordkeeping or administration: Elevance Health, Inc. and Principal Life Insurance Company. Investment advisory or management: JPMorgan Chase Bank N.A. and Kayne Anderson Core Real Estate Adv. Trustee or custodian: JPMorgan Chase Bank N.A.. The financial statements were audited by Crowe LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 11-3713086, plan 004, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.