Cintas Corporation 401(k) Review & Grade
Cintas Partners' Plan
Mason, OHOther Services49,248 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,308Employer $ per active participant
$3,179Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$4.1BNet plan assets, end of year
$67,387Average balance per account
Score breakdown
- Employer generosity25.3 / 5051th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 42th |
| Employee saving | 37th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Cintas put in about $2,308 per active participant, more than the typical peer ($2,229). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $113,646,591 |
| Participant (employee) contributions | $156,566,668 |
| Other contributions (incl. rollovers in) | $13,046,699 |
| Administrative expenses paid from the plan | $3,969,390 |
| Investment advisory & management fees | $492,722 |
| Benefits paid out | $306,338,357 |
| Net assets, start / end of year | $3.5B / $4.1B |
| Active participants, start / end of year | 51,470 / 47,026 |
| Participants with account balances | 60,428 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst and Young, LLP |
| Employer stock held by plan | $1,647,839,447 |
Largest service providers (Schedule C)
| Alight Solutions LLC | $3,059,083 reported compensation |
| Fund Evaluation Group LLC | $432,722 reported compensation |
| Fifth Third Bank Retirement Srvcs | $267,136 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250625123836NAL0007814193001, received 2025-06-25, EIN 31-1188630, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.