Macquarie Holdings (U.S.A.) Inc. 401(k) Review & Grade
Macquarie Holdings (USA) Inc. 401(k) Plan and Trust
New York, NYFinance & Insurance2,363 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,188Employer $ per active participant
$16,682Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$720.7MNet plan assets, end of year
$192,276Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 77th |
| Employee saving | 93th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $42,974 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Macquarie Holdings (U.S.A.) put in about $7,188 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.
- 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 | $16,985,029 |
| Participant (employee) contributions | $39,419,521 |
| Other contributions (incl. rollovers in) | $4,491,558 |
| Administrative expenses paid from the plan | $587,135 |
| Investment advisory & management fees | $139,054 |
| Other admin expenses | $183,817 |
| Benefits paid out | $44,779,636 |
| Net assets, start / end of year | $599.5M / $720.7M |
| Active participants, start / end of year | 2,432 / 2,294 |
| Participants with account balances | 3,748 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecoopers |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $184,630 reported compensation |
| Strategic Advisors, Inc. | $139,054 reported compensation |
| Mercer Investments LLC | $110,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130853NAL0001394323001, received 2025-10-14, EIN 13-3789912, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.