Citadel Enterprise Americas LLC 401(k) Review & Grade
Citadel Retirement Savings Plan
Miami, FLFinance & Insurance3,688 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,153Employer $ per active participant
$23,656Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$211,591Average balance per account
Score breakdown
- Employer generosity41.4 / 5083th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 99th |
| Employee saving | 100th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,052 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Citadel Enterprise Americas put in about $8,153 per active participant, more than the typical peer ($4,489). 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 | $30,067,879 |
| Participant (employee) contributions | $87,241,489 |
| Other contributions (incl. rollovers in) | $21,799,587 |
| Administrative expenses paid from the plan | $38,960 |
| Contract administrator fees | $600 |
| Benefits paid out | $78,237,236 |
| Net assets, start / end of year | $974.1M / $1.2B |
| Active participants, start / end of year | 3,464 / 3,912 |
| Participants with account balances | 5,704 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhouse Coopers |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | −$63,702 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717153557NAL0000980354001, received 2025-07-17, EIN 36-4108019, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.