Csi USA Inc. 401(k) Review & Grade
Constellation Software (U.S.A.) Inc. Retirement Savings Plan
Chicago, ILProfessional, Scientific & Technical Services12,626 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,182Employer $ per active participant
$8,461Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$1.6BNet plan assets, end of year
$93,219Average balance per account
Score breakdown
- Employer generosity16.7 / 5033th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 30th |
| Employee saving | 48th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,262,405 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Csi USA put in about $2,182 per active participant, below the typical peer ($2,932). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.14% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $27,544,974 |
| Participant (employee) contributions | $106,834,660 |
| Other contributions (incl. rollovers in) | $67,617,794 |
| Administrative expenses paid from the plan | $2,080,233 |
| Contract administrator fees | $1,464,924 |
| Investment advisory & management fees | $579,309 |
| Benefits paid out | $135,617,828 |
| Net assets, start / end of year | $1.4B / $1.6B |
| Active participants, start / end of year | 12,777 / 12,475 |
| Participants with account balances | 17,284 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Voya Retirement Ins and Annuity Co | $754,556 reported compensation |
| The Angell Pension Group, Inc. | $710,368 reported compensation |
| Voya Retirement Advisors, LLC | $480,709 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260805174904NAL0003497987001, received 2026-08-05, EIN 32-0671474, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.