Citigroup Inc. 401(k) Review & Grade
Citi Retirement Savings Plan
Stamford, CTFinance & Insurance76,614 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,624Employer $ per active participant
$11,472Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$23.2BNet plan assets, end of year
$198,205Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 47th |
| Employee saving | 73th |
| Peers that auto-enroll | 74% |
Red flags from the filing
Corrective distributions: the plan refunded $103,664 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Citigroup put in about $7,624 per active participant, more than the typical peer ($5,179). 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 | $584,072,828 |
| Participant (employee) contributions | $878,910,062 |
| Other contributions (incl. rollovers in) | $95,584,804 |
| Administrative expenses paid from the plan | $20,408,429 |
| Contract administrator fees | $4,450,700 |
| Investment advisory & management fees | $13,967,395 |
| Other admin expenses | $652,329 |
| Benefits paid out | $1,948,220,835 |
| Net assets, start / end of year | $20.6B / $23.2B |
| Active participants, start / end of year | 78,741 / 74,487 |
| Participants with account balances | 117,203 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
| Employer stock held by plan | $732,969,822 |
Largest service providers (Schedule C)
| Alight Solutions LLC | $4,450,700 reported compensation |
| Blackrock Institutional Trust Co,na | $4,009,867 reported compensation |
| Bank of New York Mellon | $988,734 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010151325NAL0013397952001, received 2025-10-10, EIN 52-1568099, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Get notified when Citigroup's next filing posts
The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.