Credit Suisse Securities USA LLC 401(k) Review & Grade
Employees Savings and Retirement Plan of Credit Suisse
New York, NYFinance & Insurance2,123 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,363Employer $ per active participant
$27,698Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$5.4BNet plan assets, end of year
$496,530Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost24.6 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score97 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 99th |
| Employee saving | 99th |
| Peers that auto-enroll | 62% |
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Credit Suisse Securities USA put in about $11,363 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 | $24,122,601 |
| Participant (employee) contributions | $58,803,823 |
| Other contributions (incl. rollovers in) | $5,636,524 |
| Administrative expenses paid from the plan | $332,346 |
| Contract administrator fees | $120,880 |
| Other admin expenses | $27,399 |
| Benefits paid out | $732,021,215 |
| Net assets, start / end of year | $5.2B / $5.4B |
| Active participants, start / end of year | 4,237 / 9 |
| Participants with account balances | 10,945 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Alight Solutions | $181,692 reported compensation |
| Joe Huber | $100,055 reported compensation |
| Thompson Hine | $71,513 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002095709NAL0000502128001, received 2025-10-02, EIN 05-0546650, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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