Adecco, Inc. 401(k) Review & Grade
The Adecco Group 401(k) Plan
Jacksonville, FLProfessional, Scientific & Technical Services58,770 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$116Employer $ per active participant
$601Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$874.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 30th |
| Employee saving | 9th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $138,906 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Adecco put in about $116 per active participant, below the typical peer ($2,932). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.14% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $6,822,683 |
| Participant (employee) contributions | $35,340,560 |
| Other contributions (incl. rollovers in) | $7,201,086 |
| Administrative expenses paid from the plan | $1,183,447 |
| Contract administrator fees | $962,087 |
| Other admin expenses | $205,251 |
| Benefits paid out | $101,700,207 |
| Net assets, start / end of year | $799.5M / $874.4M |
| Active participants, start / end of year | 52,924 / 64,616 |
| Participants with account balances | 11,202 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $989,386 reported compensation |
| Gallagher Benefit Services, Inc. | $130,702 reported compensation |
| Marsh & Mclennan Agency LLC | $24,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821114301NAL0007313968001, received 2025-08-21, EIN 75-2370177, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.