Retirement plan

ADECCO, INC. COLLEAGUES 401K PLAN

Name: ADECCO, INC. - ADECCO, INC. COLLEAGUES 401K PLAN (2016) Form 5500
Creator: ADECCO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADECCO, INC. COLLEAGUES 401K PLAN, ADECCO, INC.

ADECCO, INC.EIN 75-2370177Plan #006PY 2016

10151 DEERWOOD PARK BLVD, BUILDING 200, SUITE 400 - JACKSONVILLE, FL 32256904-513-5077adeccousa.orgLinkedIn1-10 employeesstaffing and recruiting

Other plans on this EIN

4 filings

#002Retirement-$312.8M assets #005Retirement-$83.1M assets #001Retirement-$48.2M assets #015Retirement-$2.9M assets

Prospect flagsLow assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed March 31, 2016 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

10151 Deerwood Park Blvd.

Jacksonville State: FL Zip Code: 32256

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Plans declared (1)

Adecco, Inc. Cash Long-Term Incentive Deferral Plan13 emp

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Total assets (EOY)

$125.1M

-5.7% from 2016

Total participants

5,126

+4.1% from 2016

Average account balance

$25,692

-8.0% from 2016

Annual return

8.56%

-7.34 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort664 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$874.36M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$78K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

11,202

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

8.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$653

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$106

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393	Recordkeeping	$280,063
ALTMAN & CRONIN BENEFIT CONSULTANTS2+ years Filed as: ALTMAN & CRONIN BENEFITS CONSULTANT Service code 11 · EIN 94-3253397	Actuarial	$71,315
MINTZ, LEVIN, COHN, FERRIS, GLOVSKY2+ years Filed as: MINTZ,LEVIN,COHN,FERRIS,GLOVSKY Service code 29 · EIN 04-2718459	Legal	$21,177
NEWPORT GROUP, INC.2+ years Filed as: THE NEWPORT GROUP Service code 16 · EIN 59-3099288	Consulting	$19,186
SAMET & COMPANY PC2+ years Service code 10 · EIN 04-3027605	Accounting	$18,750

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$412K

$119 / participant

Other / not subdivided$412K100.0%

% of EOY assets

0.329%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SAMET AND COMPANY PC
Auditor EIN: 043027605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,692

$85,635-70.0%

$123,894-79.3%

$63,975-59.8%

Participation rate

92.6%

74.9%+17.6pp

81.4%+11.2pp

71.1%+21.4pp

Annual return

8.56%

15.74%-7.2pp

47.52%-39.0pp

48.65%-40.1pp

Employer contribution / active EE

$710

$3,076-76.9%

$4,617-84.6%

$2,182-67.4%

Participant deferral / active EE

$2,518

$5,667-55.6%

$5,984-57.9%

$3,356-25.0%

Admin fee / account holder

$85

$75+13.0%

$8,357-99.0%

$70+20.2%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$280,063

ALTMAN & CRONIN BENEFIT CONSULTANTS2+ years

Filed as: ALTMAN & CRONIN BENEFITS CONSULTANT

Service code 11 · EIN 94-3253397

Actuarial

$71,315

MINTZ, LEVIN, COHN, FERRIS, GLOVSKY2+ years

Filed as: MINTZ,LEVIN,COHN,FERRIS,GLOVSKY

Service code 29 · EIN 04-2718459

Legal

$21,177

NEWPORT GROUP, INC.2+ years

Filed as: THE NEWPORT GROUP

Service code 16 · EIN 59-3099288

Consulting

$19,186

SAMET & COMPANY PC2+ years

Service code 10 · EIN 04-3027605

Accounting

$18,750

ADECCO, INC. COLLEAGUES 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADECCO, INC. COLLEAGUES 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion