Usi Insurance Services LLC 401(k) Review & Grade
Usi 401(k) Plan
Valhalla, NYFinance & Insurance10,372 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,574Employer $ per active participant
$9,848Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$122,210Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 86th |
| Employee saving | 58th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $3,708 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Usi Insurance Services put in about $2,574 per active participant, below the typical peer ($5,179). 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.
- 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 | $26,699,298 |
| Participant (employee) contributions | $102,151,014 |
| Other contributions (incl. rollovers in) | $25,943,533 |
| Administrative expenses paid from the plan | $381,454 |
| Contract administrator fees | $7,200 |
| Investment advisory & management fees | $162,379 |
| Benefits paid out | $157,499,056 |
| Net assets, start / end of year | $1.3B / $1.5B |
| Active participants, start / end of year | 10,251 / 10,494 |
| Participants with account balances | 12,557 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $219,075 reported compensation |
| Strategic Advisors, Inc. | $162,379 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135414NAL0001494627001, received 2025-10-14, EIN 13-3771734, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.