Havas North America, Inc. 401(k) Review & Grade
Havas North America 401(k) Retirement Plan
New York, NYProfessional, Scientific & Technical Services3,518 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,987Employer $ per active participant
$9,441Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$670.3MNet plan assets, end of year
$112,545Average balance per account
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost24.9 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 99th |
| Employee saving | 51th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,001 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Havas North America put in about $1,987 per active participant, below the typical peer ($2,951). 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.
- 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 | $6,991,685 |
| Participant (employee) contributions | $33,218,426 |
| Other contributions (incl. rollovers in) | $5,245,002 |
| Administrative expenses paid from the plan | $16,192 |
| Benefits paid out | $73,359,040 |
| Net assets, start / end of year | $599.7M / $670.3M |
| Active participants, start / end of year | 3,579 / 3,458 |
| Participants with account balances | 5,956 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| The Concord Advisory Group, LTD. | $211,881 reported compensation |
| Fidelity Investments Institutional | −$195,689 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730093448NAL0002218051001, received 2025-07-30, EIN 13-3356204, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.