Hays U.S. Corporation 401(k) Review & Grade
Hays U.S. Corporation 401(k) Plan
Tampa, FLAdministrative, Support & Staffing Services1,420 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$94Employer $ per active participant
$4,326Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$36.2MNet plan assets, end of year
$34,399Average balance per account
Score breakdown
- Employer generosity8.9 / 5018th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 28th |
| Employee saving | 73th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,401 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hays U.S. put in about $94 per active participant, below the typical peer ($712). 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 (0.43% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $133,669 |
| Participant (employee) contributions | $6,144,862 |
| Other contributions (incl. rollovers in) | $1,481,485 |
| Administrative expenses paid from the plan | $139,966 |
| Investment advisory & management fees | $75,936 |
| Benefits paid out | $5,451,435 |
| Net assets, start / end of year | $29.5M / $36.2M |
| Active participants, start / end of year | 1,227 / 1,614 |
| Participants with account balances | 1,052 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Sageview Advisory Group LLC | $75,936 reported compensation |
| Fidelity Investments Institutional | $64,030 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014150134NAL0001580947001, received 2025-10-14, EIN 59-3686175, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.