401k Record

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United Services Automobile Association 401(k)

Recordkeeping fees per participant · USAA Retirement Savings Plan · plan year 2024

$9.41

Higher than 13% of the 790 plans over $1B that report it.

Source

= $501,455 / 53,289
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010120735NAL0008123201001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010120735NAL0008123201001, received 2025-10-10

10th: $6.72median $34.2890th: $56.58

Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-10.

Cost and contributions

Administrative expenses excluding investment management, per participant

$9.41

10th: $9.43median $44.4790th: $97.55

Higher than 10% of the 1,045 plans over $1B that report it.

Source

= $501,455 / 53,289
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010120735NAL0008123201001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010120735NAL0008123201001, received 2025-10-10

Administrative expenses per participant

$9.41

10th: $24.33median $70.0390th: $174.36

Higher than 4% of the 1,076 plans over $1B that report it.

Source

= $501,455 / 53,289
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010120735NAL0008123201001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010120735NAL0008123201001, received 2025-10-10

Administrative expenses as a share of assets

0.005%

10th: 0.013%median 0.046%90th: 0.111%

Higher than 4% of the 1,076 plans over $1B that report it.

Source

= $501,455 / $10,915,004,907
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010120735NAL0008123201001, received 2025-10-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010120735NAL0008123201001, received 2025-10-10

Employer contributions per participant

$6,050

10th: $1,442median $3,74490th: $8,760

Higher than 76% of the 1,135 plans over $1B that report it.

Source

= $322,383,982 / 53,289
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010120735NAL0008123201001, received 2025-10-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010120735NAL0008123201001, received 2025-10-10

Employer share of total contributions

43.1%

10th: 19.8%median 33.4%90th: 47.5%

Higher than 81% of the 1,135 plans over $1B that report it.

Source

= $322,383,982 / $747,681,743
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010120735NAL0008123201001, received 2025-10-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010120735NAL0008123201001, received 2025-10-10

Plan terms, as stated in United Services Automobile Association's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251010120735NAL0008123201001, received 2025-10-10

Full record, USAA Retirement Savings Plan

FieldValueSource
Plan sponsorUNITED SERVICES AUTOMOBILE ASSOCIATIONForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251010120735NAL0008123201001, received 2025-10-10
Plan nameUSAA RETIREMENT SAVINGS PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251010120735NAL0008123201001, received 2025-10-10
Sponsor EIN / plan number74-0959140 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251010120735NAL0008123201001, received 2025-10-10
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251010120735NAL0008123201001, received 2025-10-10
Sponsor locationSAN ANTONIO, TXForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251010120735NAL0008123201001, received 2025-10-10
Industry (business code)524290, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251010120735NAL0008123201001, received 2025-10-10
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251010120735NAL0008123201001, received 2025-10-10
Filing received2025-10-10Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251010120735NAL0008123201001, received 2025-10-10
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251010120735NAL0008123201001, received 2025-10-10
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251010120735NAL0008123201001, received 2025-10-10
Participants, beginning of year52,789Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251010120735NAL0008123201001, received 2025-10-10
Active participants37,957Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251010120735NAL0008123201001, received 2025-10-10
Participants, end of year53,564Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251010120735NAL0008123201001, received 2025-10-10
Participants with an account balance53,289Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251010120735NAL0008123201001, received 2025-10-10
Total assets, beginning of year$9,835,303,924Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251010120735NAL0008123201001, received 2025-10-10
Total assets, end of year$10,915,004,907Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251010120735NAL0008123201001, received 2025-10-10
Net assets, end of year$10,906,214,049Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251010120735NAL0008123201001, received 2025-10-10
Total income$2,170,551,231Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251010120735NAL0008123201001, received 2025-10-10
Net income$1,076,073,301Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251010120735NAL0008123201001, received 2025-10-10
Employer contributions$322,383,982Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251010120735NAL0008123201001, received 2025-10-10
Participant contributions$353,464,230Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251010120735NAL0008123201001, received 2025-10-10
Other contributions (incl. rollovers)$71,833,531Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251010120735NAL0008123201001, received 2025-10-10
Total contributions$747,681,743Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251010120735NAL0008123201001, received 2025-10-10
Benefit payments$1,093,363,997Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251010120735NAL0008123201001, received 2025-10-10
Total expenses (incl. benefit payments)$1,094,477,930Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251010120735NAL0008123201001, received 2025-10-10
Total administrative expenses$501,455Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251010120735NAL0008123201001, received 2025-10-10
Recordkeeping fees$501,455Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251010120735NAL0008123201001, received 2025-10-10
Administrative expenses excluding investment management$501,455derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251010120735NAL0008123201001, received 2025-10-10
Held in common/collective trusts$9,366,081,500Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251010120735NAL0008123201001, received 2025-10-10
Independent auditorERNST & YOUNG LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251010120735NAL0008123201001, received 2025-10-10

Position = column in the DOL layout for form year 2024. Filing 20251010120735NAL0008123201001, received 2025-10-10.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
FIDELITY INVESTMENTS INSTITUTIONALrecordkeeperRECORDKEEPER 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees $629,877yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251010120735NAL0008123201001, received 2025-10-10.

What changed since the 2023 plan year

Figure20232024Change
Total assets$9,835,303,924$10,915,004,90711.0%
Participants with a balance52,64553,2891.2%
Administrative expenses$437,293$501,45514.7%
Recordkeeping fees per participant$8.31$9.4113.3%
Employer contributions$314,247,698$322,383,9822.6%

Prior filing 20241011100940NAL0010799475001, received 2024-10-11; the plan years are contiguous.

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Sponsor name as filed: UNITED SERVICES AUTOMOBILE ASSOCIATION; SEC registrant: UNITED SERVICES AUTOMOBILE ASSOCIATION (CIK 1021249, matched by EIN).