Ernst & Young U.S. LLP 401(k) Review & Grade
Ernst & Young Retirement Savings Plan
Secaucus, NJProfessional, Scientific & Technical Services56,282 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,659Employer $ per active participant
$14,114Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$18.3BNet plan assets, end of year
$194,197Average balance per account
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost21.3 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 85th |
| Employee saving | 88th |
| Peers that auto-enroll | 39% |
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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 ($21,070 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ernst & Young U.S. LLP put in about $4,659 per active participant, more than the typical peer ($2,932). 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 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 | $262,198,914 |
| Participant (employee) contributions | $794,359,760 |
| Other contributions (incl. rollovers in) | $292,303,012 |
| Administrative expenses paid from the plan | $4,767,171 |
| Investment advisory & management fees | $41,081 |
| Benefits paid out | $1,329,753,382 |
| Net assets, start / end of year | $15.5B / $18.3B |
| Active participants, start / end of year | 56,714 / 55,849 |
| Participants with account balances | 94,372 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $4,726,090 reported compensation |
| Black Rock Institutional Trust Co. | $41,081 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172009NAL0002696307001, received 2025-10-15, EIN 34-6565596, plan #112, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.