United Services Automobile Association 401(k) Review & Grade
Usaa Retirement Savings Plan
San Antonio, TXFinance & Insurance37,615 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,571Employer $ per active participant
$9,397Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$10.9BNet plan assets, end of year
$204,662Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 98th |
| Employee saving | 52th |
| Peers that auto-enroll | 74% |
Red flags from the filing
Corrective distributions: the plan refunded $75,829 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- United Services Automobile Association put in about $8,571 per active participant, more than the typical peer ($5,179). 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 | $322,383,982 |
| Participant (employee) contributions | $353,464,230 |
| Other contributions (incl. rollovers in) | $71,833,531 |
| Administrative expenses paid from the plan | $501,455 |
| Benefits paid out | $1,093,363,997 |
| Net assets, start / end of year | $9.8B / $10.9B |
| Active participants, start / end of year | 37,273 / 37,957 |
| Participants with account balances | 53,289 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $629,877 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010120735NAL0008123201001, received 2025-10-10, EIN 74-0959140, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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