Manpowergroup Inc. 401(k) Review & Grade
Manpowergroup 401(k) Savings Plan
Milwaukee, WIAdministrative, Support & Staffing Services24,770 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$271Employer $ per active participant
$1,610Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$686.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 19th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($12,153 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $84,193 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Manpowergroup put in about $271 per active participant, more than the typical peer ($271). 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.
- Direct plan expenses (0.20% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,707,300 |
| Participant (employee) contributions | $39,879,217 |
| Other contributions (incl. rollovers in) | $8,733,217 |
| Administrative expenses paid from the plan | $1,288,772 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $180,015 |
| Other admin expenses | $126,813 |
| Benefits paid out | $83,424,847 |
| Net assets, start / end of year | $631.3M / $686.1M |
| Active participants, start / end of year | 32,496 / 17,044 |
| Participants with account balances | 11,121 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $896,631 reported compensation |
| Strategic Advisors, Inc. | $180,015 reported compensation |
| Kutak Rock | $124,076 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092711NAL0008523906001, received 2025-10-15, EIN 39-1672779, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.