Dayforce US, Inc. 401(k) Review & Grade
Dayforce Savings and Investment Plan
Minneapolis, MNProfessional, Scientific & Technical Services2,326 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,364Employer $ per active participant
$11,642Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$633.5MNet plan assets, end of year
$186,421Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost21.4 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 85th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $9,459 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dayforce US put in about $3,364 per active participant, more than the typical peer ($3,082). 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 | $7,823,804 |
| Participant (employee) contributions | $27,078,332 |
| Other contributions (incl. rollovers in) | $5,557,607 |
| Administrative expenses paid from the plan | $342,602 |
| Investment advisory & management fees | $22,470 |
| Other admin expenses | $156,628 |
| Benefits paid out | $74,738,235 |
| Net assets, start / end of year | $593.4M / $633.5M |
| Active participants, start / end of year | 2,293 / 2,359 |
| Participants with account balances | 3,398 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $163,504 reported compensation |
| Mercer | $75,000 reported compensation |
| Morningstar | $22,470 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917200343NAL0000940624001, received 2025-09-17, EIN 59-3228107, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.