Health Net, Inc. 401(k) Plan (terminated 2016): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2016, when $752.5 million was transferred out of the plan. Assets moved to the CENTENE MANAGEMENT CORPORATION RETIREMENT PLAN (sponsored by CENTENE CORPORATION). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the CENTENE MANAGEMENT CORPORATION RETIREMENT PLAN →

Health Net, Inc. 401(k) Plan Facts (plan year 2016)

Plan name
HEALTH NET, INC. 401K SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HEALTH NET, INC.
Participants
10,491
Former employees with a balance
0
Plan assets
$1,359,550 at Dec 31, 2016
Employer contributions
$19,545,960 in plan year 2016 (32% of all contributions)
Plan year
Jan 1, 2016 – Dec 31, 2016
Plan established
Jan 1, 1995
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2016 (Jan 1, 2016 – Dec 31, 2016), filed Oct 16, 2017. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2016

  • $60.9 million went into the plan in contributions, $19.5 million of it from the employer (32%).
  • $67.2 million was paid out to participants.
  • Investment and other income added $54.7 million.

How the Health Net, Inc. 401(k) changed, 2011–2016

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201111,454$496.3 million$16.8 million$56.3 million
201210,752$551.3 million$16.4 million$54.3 million
201310,315$653.1 million$16.1 million$56.6 million
20149,970$694.2 million$16.3 million$59.9 million
20159,830$704.7 million$16.7 million$45.9 million
2016 (final)10,491$1.36 million$19.5 million$67.2 million

Health Net, Inc. 401(k) Contact Information

Phone
314-349-3517
Mailing address
21650 OXNARD STREET 21ST. FLOOR, WOODLAND HILLS CA 91367
Plan sponsor
HEALTH NET, INC.
Employer identification number (EIN)
95-4288333
Plan number
001

Questions about the Health Net, Inc. 401(k)

Is the Health Net, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2016. Its assets were transferred to the CENTENE MANAGEMENT CORPORATION RETIREMENT PLAN.

Does Health Net, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2016 the employer contributed $19.5 million, 32% of all contributions.

Does the Health Net, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Health Net, Inc 401(k) plan?

10,491 participants at the start of plan year 2016.

Who manages the Health Net, Inc 401(k) accounts?

MERCER HR SERVICES, LLC is the plan's recordkeeper, which is where participants log in to see their balance.

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