Citco Technology Management, Inc. 401(k) Review & Grade
Citco Technology Management, Inc. 401(k) Retirement Plan
FT Lauderdale, FLFinance & Insurance822 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,098Employer $ per active participant
$12,009Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$271.2MNet plan assets, end of year
$241,883Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1582th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 57th |
| Employee saving | 82th |
| Peers that auto-enroll | 62% |
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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
- Citco Technology Management put in about $5,098 per active participant, more than the typical peer ($3,606). 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 | $4,188,172 |
| Participant (employee) contributions | $9,865,634 |
| Other contributions (incl. rollovers in) | $1,218,749 |
| Administrative expenses paid from the plan | $457,999 |
| Investment advisory & management fees | $97,560 |
| Other admin expenses | $2,000 |
| Benefits paid out | $13,953,534 |
| Net assets, start / end of year | $231.6M / $271.2M |
| Active participants, start / end of year | 882 / 761 |
| Participants with account balances | 1,121 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $358,439 reported compensation |
| Creative Planning Holdco LLC DBA CR | $45,742 reported compensation |
| Creative Planning LLC | $39,345 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014162805NAL0001649155001, received 2025-10-14, EIN 65-0307157, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.