Humana Inc. 401(k): Charles Schwab, match 7.5% max
Humana Retirement Savings Plan · HUM · CIK 49071
Charles Schwab is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
7.5%
Humana Inc. matches 125% of the first 6% of pay.
Humana's Form 11-K filings for plan year 2025 describe two separate 401(k) plans. The terms on this page are read from the Humana Retirement Savings Plan. Both state the same maximum match.
From the Form 11-K filed June 24, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: which plan you are in · what the employer actually paid in · the formula, word for word · what it used to be · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
Which Humana 401(k) plan are you in?
Humana's Form 11-K filings for this plan year describe two plans and all of them state the same maximum employer match. The group each plan covers still differs, and so can the vesting and enrollment terms further down this page, which are read from the Humana Retirement Savings Plan.
Humana Retirement Savings Plan (the plan this page answers for)
The filing states no limit on who this plan covers · Form 11-K ↗
7.5% of pay, at most
Humana Puerto Rico Retirement Savings Plan
Employees in Puerto Rico · Form 11-K ↗
7.5% of pay, at most
One row per plan, taken from the two Form 11-K reports this site has read for the plan year ended December 31, 2025. Each maximum comes from that plan’s own filing and describes only that plan.
What Humana puts in, and what the plan costs
What Humana put into the plan, per active participant
$5,621
Humana Inc. put $5,621 into this plan for each of its 42,968 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Humana put in more per active participant than 58% of plans with 5,000+ participants in insurance. The middle plan in that group of 98 reported $5,049. Insurance comes from business code 524140, which Humana entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Humana pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 610647538, plan 002 · DOL EFAST2 ↗
The $5,621 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Humana Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $3,713 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Humana puts in
$3,713
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company matched 125% of a Participant’s eligible pre-tax, Roth (discussed below) and catch-up contributions that combined do not exceed 6% of their eligible compensation after completion of one year of service. After-tax, Rollover, Roth Rollover and Roth Conversion contributions are not matched. The Company may increase, decrease, or cease matching contributions, with approval from the Board of Directors. Matching contributions are funded each pay period and follow the Participants' investment elections. Effective January 1, 2026, the Company reduced the matching contribution from 125% to 100% of a Participant's eligible pre-tax, Roth and catch-up contributions combined up to 6% of their eligible compensation, after completion of one year of service. Additionally, beginning January 1, 2026, qualified student loan payments are eligible for matching contributions, subject to the same 6% of eligible compensation after completion of one year of service.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
71.43 out of 100
How fast the employer’s money becomes yours. Higher than 32% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participant contributions are fully vested and non-forfeitable. Generally, once a Participant has completed two years of service, the Company Matching Account contributions vest immediately and become non-forfeitable.”
A worker hired today collects no match for 1 year. This is a filed term, and it does not move the score above.
Eligibility, word for word
“The Plan is a qualified defined contribution plan established for the benefit of the employees of Humana Inc. and its participating subsidiaries (the “Company” or “Humana”) who are not employed in Puerto Rico (“eligible employees”), or eligible for the Humana Partnership Savings Plan and the CenterWell Home Health 401(k) Savings Plan and is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is a Safe Harbor Plan. The Company is the sponsor (“Plan Sponsor”) and a committee appointed by the Company is the administrator (“Plan Administrator”) of the Plan. The Company appointed Schwab Retirement Plan Services as the recordkeeper, and Charles Schwab Trust Bank as the trustee and custodian. The Company has appointed NEPC, LLC to provide investment consulting services to the Plan Administrator. Newport Trust Company is the named fiduciary and investment manager of the investment fund under the Plan that holds shares of common stock of the Company (the “Humana Unitized Stock Fund”). The Plan offers access to a discretionary managed account service provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Management LLC is a fiduciary that is designated by the Plan and is made available to participants and beneficiaries to manage all or a portion of their Plan account. Participant Accounts Employees of the Company are generally eligible to participate upon employment.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
33rd percentile
$39.61 per participant in plan-paid administrative cost, cheaper than 67% of plans with 5,000+ participants.
What is Humana's 401(k) match formula?
Humana's 401(k) employer match tops out at 7.5% of pay. The match is deposited each payroll. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 125% of the first 6% of pay |
|---|---|
| Maximum employer match | 7.5% of compensation |
| Deposited | Each payroll |
| Conditions | The match covers combined pre-tax, Roth and catch-up contributions after completion of one year of service; after-tax, rollover, Roth rollover and Roth conversion contributions are not matched. The maximum match is 7.5% of eligible compensation (125% of 6%). The Company may increase, decrease, or cease matching contributions, with approval from the Board of Directors |
At a $90,000 salary, contributing 6% ($5,400) earns the full employer match of $6,750 for the year.
What the filing says, word for word
“The Company matched 125% of a Participant’s eligible pre-tax, Roth (discussed below) and catch-up contributions that combined do not exceed 6% of their eligible compensation after completion of one year of service. After-tax, Rollover, Roth Rollover and Roth Conversion contributions are not matched. The Company may increase, decrease, or cease matching contributions, with approval from the Board of Directors. Matching contributions are funded each pay period and follow the Participants' investment elections. Effective January 1, 2026, the Company reduced the matching contribution from 125% to 100% of a Participant's eligible pre-tax, Roth and catch-up contributions combined up to 6% of their eligible compensation, after completion of one year of service. Additionally, beginning January 1, 2026, qualified student loan payments are eligible for matching contributions, subject to the same 6% of eligible compensation after completion of one year of service.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What did Humana's 401(k) match used to be?
Humana changed its 401(k) match. The formula in force now is 125% of the first 6% of pay.
| Current | 125% of the first 6% of pay |
|---|---|
| Before | Successor formula: effective January 1, 2026 (after the plan year covered), the Company reduced the matching contribution from 125% to 100% of a Participant's eligible pre-tax, Roth and catch-up contributions combined up to 6% of eligible compensation, and qualified student loan payments became eligible for matching contributions subject to the same 6% limit |
We keep a dated page for it: Humana cut its 401(k) match, effective January 1, 2026.
What is Humana's 401(k) vesting schedule?
Humana vests the employer match on a cliff schedule: nothing is yours until two years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a two-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 2 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“Participant contributions are fully vested and non-forfeitable. Generally, once a Participant has completed two years of service, the Company Matching Account contributions vest immediately and become non-forfeitable.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who can join Humana's 401(k), and is enrollment automatic?
Humana enrolls new hires automatically at 3% of pay, rising 1% a year to 15% of pay.
| Plan entry | Employees of Humana Inc. and its participating subsidiaries are generally eligible to participate upon employment |
|---|---|
| Match eligibility | Matching contributions begin after completion of one year of service |
| Excluded groups | Employees employed in Puerto Rico, and employees eligible for the Humana Partnership Savings Plan or the CenterWell Home Health 401(k) Savings Plan |
| Automatic enrollment | Yes: default deferral 3% of pay; auto-escalation +1%/yr to 15%; default investment: Schwab Indexed Retirement Trust Fund based on the participant's date of birth and estimated retirement date |
Eligibility, word for word
“The Plan is a qualified defined contribution plan established for the benefit of the employees of Humana Inc. and its participating subsidiaries (the “Company” or “Humana”) who are not employed in Puerto Rico (“eligible employees”), or eligible for the Humana Partnership Savings Plan and the CenterWell Home Health 401(k) Savings Plan and is subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is a Safe Harbor Plan. The Company is the sponsor (“Plan Sponsor”) and a committee appointed by the Company is the administrator (“Plan Administrator”) of the Plan. The Company appointed Schwab Retirement Plan Services as the recordkeeper, and Charles Schwab Trust Bank as the trustee and custodian. The Company has appointed NEPC, LLC to provide investment consulting services to the Plan Administrator. Newport Trust Company is the named fiduciary and investment manager of the investment fund under the Plan that holds shares of common stock of the Company (the “Humana Unitized Stock Fund”). The Plan offers access to a discretionary managed account service provided by Morningstar Investment Management LLC, a registered investment adviser and subsidiary of Morningstar, Inc. Morningstar Investment Management LLC is a fiduciary that is designated by the Plan and is made available to participants and beneficiaries to manage all or a portion of their Plan account. Participant Accounts Employees of the Company are generally eligible to participate upon employment.”
Automatic enrollment, word for word
“Employees of the Company may participate in the Pre-tax Savings Account beginning on the employee’s date of eligibility. A Participant, through payroll deductions, may contribute not less than 1% nor more than 35% of the Participant's eligible compensation. The Company automatically enrolls eligible employees at a contribution rate of 3% of compensation on their date of hire, unless the employee elects not to participate in the Pre-tax Savings Account or elects a different percentage up to 35%. Automatically enrolled Participants who have not made any contribution election will have their contributions automatically increased by 1% annually, effective with the beginning of the second plan year following the year of automatic enrollment, to a maximum of 15%.”
Source: Form 11-K filed June 24, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Charles Schwab, filed as “SCHWAB RETIREMENT PLAN SERVICES,INC”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
769 plans on file name Charles Schwab as their recordkeeper. Of those, the 769 with a computable fee have a median plan-paid cost of $127.09 per participant.
Participants log in at Schwab Workplace ↗. 401(k) Monitor is not affiliated with Charles Schwab or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Charles Schwab |
|---|---|
| Recordkeeper EIN | 341479833 |
What does the Humana plan report on Form 5500?
The Humana plan reported $7.7B in assets and 61,738 participants for plan year 2024.
| Total plan assets | $7,706,147,015 |
|---|---|
| Participants | 61,738 |
| Plan-paid admin cost per participant | $39.61 |
How that cost compares
This plan pays $39.61 per participant. The median across plans in insurance is $119.27, from the 1,004 of 1,068 whose Form 5500 yields a per-participant cost.
Humana Retirement Savings Plan on its Form 5500 filing: fees, providers and financials
How does Humana's 401(k) match compare?
Humana Inc.'s maximum 401(k) match of 7.5% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in insurance, two report the same recordkeeper and one vests on the same schedule.
Maximum match 6% of pay. Also in insurance.
Employer match vests immediately. Also in insurance.
Maximum match 6% of pay. Also in insurance.
Maximum match 4.5% of pay. Same recordkeeper, Charles Schwab.
Maximum match 4% of pay. Same recordkeeper, Charles Schwab.
Maximum match 4% of pay. Same 2-year cliff as Humana.
What do Humana's other 401(k) plans say?
Humana Puerto Rico Retirement Savings Plan
Employees in Puerto Rico
Humana Inc. matches 125% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
- Employer match vesting
- Cliff: 100% vested after 2 years of service
- Automatic enrollment
- Yes: default deferral 3% of pay; 45-day opt-out window; auto-escalation +1%/yr to 15%; default investment: Schwab Indexed Retirement Trust Fund based on a Participant's date of birth and estimated retirement date
What the filing says, word for word
“The Company matched 125% of a Participant’s eligible pre-tax and catch-up contributions that combined do not exceed 6% of their eligible compensation after completion of one year of service. Rollover contributions are not matched. The Company may increase, decrease, or cease matching contributions, with approval from the Board of Directors. Matching contributions are funded each pay period and follow the Participants' investment elections. Effective January 1, 2026, the Company reduced the matching contribution from 125% to 100% of a Participant's eligible pre-tax and catch-up contributions combined up to 6% of their eligible compensation after completion of one year of service.”
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 24, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Humana Inc.'s 401(k) match?
Humana Inc. matches 125% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the Humana Inc. 401(k) match vest?
Cliff: 100% vested after 2 years of service.
Does Humana Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay; auto-escalation +1%/yr to 15%; default investment: Schwab Indexed Retirement Trust Fund based on the participant's date of birth and estimated retirement date.
Who is the recordkeeper for Humana Inc.'s 401(k)?
Charles Schwab is named as the recordkeeper on the Form 5500 filed for Humana Retirement Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Did Humana Inc. change its 401(k) match?
Yes. Successor formula: effective January 1, 2026 (after the plan year covered), the Company reduced the matching contribution from 125% to 100% of a Participant's eligible pre-tax, Roth and catch-up contributions combined up to 6% of eligible compensation, and qualified student loan payments became eligible for matching contributions subject to the same 6% limit The current terms took effect as stated in the filing.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Humana Inc. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Humana Inc. |
| SEC CIK | 49071 |
| Accession number | 0000049071-26-000037 |
| Plan | Humana Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 24, 2026 |
401(k) Monitor is not affiliated with Humana Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Humana Inc. 401(k) plan facts”, from SEC Form 11-K accession 0000049071-26-000037, plan year ended December 31, 2025.
