The Options Clearing Corporation 401(k) Review & Grade
The Options Clearing Corporation Retirement Savings Plan
Chicago, ILFinance & Insurance1,120 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,667Employer $ per active participant
$18,622Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$320.4MNet plan assets, end of year
$224,501Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 94th |
| Employee saving | 95th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,694 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Options Clearing put in about $6,667 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 | $7,466,850 |
| Participant (employee) contributions | $20,856,245 |
| Other contributions (incl. rollovers in) | $4,300,759 |
| Administrative expenses paid from the plan | $78,879 |
| Contract administrator fees | $300 |
| Benefits paid out | $18,707,807 |
| Net assets, start / end of year | $263.5M / $320.4M |
| Active participants, start / end of year | 1,067 / 1,173 |
| Participants with account balances | 1,427 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $78,879 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014094358NAL0002534993001, received 2025-10-14, EIN 36-2756407, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.