Eduserve, Inc. 401(k) Review & Grade
Eduserve/csusa Retirement Plan
FT Lauderdale, FLEducational Services7,659 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$315Employer $ per active participant
$1,733Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$84.0MNet plan assets, end of year
$15,708Average balance per account
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Educational Services plans with 2,500–9,999 active participants (34 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 9th |
| Employee saving | 18th |
| Peers that auto-enroll | 65% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,583,651 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $75,864 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Eduserve put in about $315 per active participant, below the typical peer ($1,155). 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.
- Direct plan expenses (0.64% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,409,278 |
| Participant (employee) contributions | $13,275,332 |
| Other contributions (incl. rollovers in) | $333,997 |
| Administrative expenses paid from the plan | $486,363 |
| Contract administrator fees | $258,854 |
| Investment advisory & management fees | $227,509 |
| Benefits paid out | $7,361,873 |
| Net assets, start / end of year | $67.1M / $84.0M |
| Active participants, start / end of year | 7,514 / 7,804 |
| Participants with account balances | 5,346 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services, LLC | $258,854 reported compensation |
| Fiduciary Consulting Group | $142,193 reported compensation |
| Ubs Financial Services | $85,316 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260206143725NAL0008466963001, received 2026-02-06, EIN 83-4481053, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.