Guggenheim Services, LLC 401(k) Review & Grade
Guggenheim Services Retirement Savings Plan
Chicago, ILFinance & Insurance2,136 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,436Employer $ per active participant
$18,073Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$703.5MNet plan assets, end of year
$202,276Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 88th |
| Employee saving | 95th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,221 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Guggenheim Services put in about $4,436 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 | $9,472,234 |
| Participant (employee) contributions | $38,595,585 |
| Other contributions (incl. rollovers in) | $5,595,240 |
| Administrative expenses paid from the plan | $322,867 |
| Investment advisory & management fees | $64,838 |
| Benefits paid out | $47,016,862 |
| Net assets, start / end of year | $611.3M / $703.5M |
| Active participants, start / end of year | 2,186 / 2,085 |
| Participants with account balances | 3,478 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mitchell & Titus LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $220,483 reported compensation |
| Mitchell & Titus, LLP | $37,630 reported compensation |
| JMG Financial Group LTD | $14,703 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251105141035NAL0005596259001, received 2025-11-05, EIN 36-4464896, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.