Manhattan Associates 401(k) Review & Grade
Manhattan Associates 401(k) Plan & Trust
Atlanta, GAProfessional, Scientific & Technical Services1,938 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,205Employer $ per active participant
$13,513Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$501.0MNet plan assets, end of year
$194,026Average balance per account
Score breakdown
- Employer generosity33.1 / 5066th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 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 | 66th |
| Lower admin cost | 80th |
| Employee saving | 82th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,153 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Manhattan Associates put in about $4,205 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.
- 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 | $8,146,986 |
| Participant (employee) contributions | $26,181,046 |
| Other contributions (incl. rollovers in) | $2,515,677 |
| Administrative expenses paid from the plan | $351,275 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $43,046 |
| Other admin expenses | $91,604 |
| Benefits paid out | $19,358,084 |
| Net assets, start / end of year | $399.5M / $501.0M |
| Active participants, start / end of year | 1,889 / 1,986 |
| Participants with account balances | 2,582 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moore Colson |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $201,625 reported compensation |
| Creative Planning | $67,164 reported compensation |
| Strategic Advisors, Inc. | $43,046 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923132432NAL0002581299001, received 2025-09-23, EIN 58-2373424, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.