MMS USA Holdings, Inc. 401(k) Review & Grade
Publicis Benefits Connection 401k Plan
Chicago, ILProfessional, Scientific & Technical Services28,674 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,326Employer $ per active participant
$10,196Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$5.2BNet plan assets, end of year
$100,391Average balance per account
Score breakdown
- Employer generosity36.2 / 5072th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 80th |
| Employee saving | 64th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,357 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- MMS USA Holdings put in about $4,326 per active participant, more than the typical peer ($2,932). 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 | $124,035,866 |
| Participant (employee) contributions | $292,347,257 |
| Other contributions (incl. rollovers in) | $96,445,435 |
| Administrative expenses paid from the plan | $1,760,700 |
| Investment advisory & management fees | $760,603 |
| Other admin expenses | $214,041 |
| Benefits paid out | $410,902,448 |
| Net assets, start / end of year | $4.4B / $5.2B |
| Active participants, start / end of year | 27,733 / 29,615 |
| Participants with account balances | 52,072 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mitchell & Titus LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $760,603 reported compensation |
| Fidelity Invest Instit Oper Co | $727,167 reported compensation |
| Aon Investments USA Inc. | $193,488 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260106132434NAL0007908864001, received 2026-01-06, EIN 36-2677628, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.