Corient Services LLC 401(k) Review & Grade
Corient Services LLC 401(k) Plan
Miami, FLFinance & Insurance1,336 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,783Employer $ per active participant
$12,411Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$267.2MNet plan assets, end of year
$177,799Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 70th |
| Employee saving | 84th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Corient Services put in about $5,783 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.
- 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 | $7,726,408 |
| Participant (employee) contributions | $16,581,371 |
| Other contributions (incl. rollovers in) | $4,603,521 |
| Administrative expenses paid from the plan | $286,371 |
| Investment advisory & management fees | $286,371 |
| Benefits paid out | $20,564,204 |
| Net assets, start / end of year | $226.6M / $267.2M |
| Active participants, start / end of year | 1,472 / 1,200 |
| Participants with account balances | 1,503 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Correll Co | $154,880 reported compensation |
| Assurance Advisory | $131,492 reported compensation |
| Charles Schwab Trust Bank | $64,124 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013120154NAL0000568451001, received 2025-10-13, EIN 87-3513335, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.