Devry University, Inc. 401(k) Review & Grade
Devry University 401(k) Savings Plan
Lisle, ILEducational Services1,342 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,247Employer $ per active participant
$6,422Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$219.4MNet plan assets, end of year
$135,527Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 75th |
| Employee saving | 84th |
| Peers that auto-enroll | 37% |
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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
- Devry University put in about $4,247 per active participant, more than the typical peer ($1,225). 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 | $5,699,771 |
| Participant (employee) contributions | $8,618,121 |
| Other contributions (incl. rollovers in) | $223,447 |
| Administrative expenses paid from the plan | $199,067 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $88,699 |
| Other admin expenses | $40,000 |
| Benefits paid out | $15,709,325 |
| Net assets, start / end of year | $193.8M / $219.4M |
| Active participants, start / end of year | 1,335 / 1,349 |
| Participants with account balances | 1,619 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Almich and Associates |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $88,699 reported compensation |
| Fidelity Investments Institutional | $70,368 reported compensation |
| Creative Planning, LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001144729NAL0005988099001, received 2025-10-01, EIN 36-2781982, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.