Cushman & Wakefield 401(k) Review & Grade
Cushman & Wakefield 401(k) Plan
Needham, MAAdministrative, Support & Staffing Services23,520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,985Employer $ per active participant
$4,900Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$88,874Average balance per account
Score breakdown
- Employer generosity42.2 / 5084th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 10,000+ active participants (33 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 38th |
| Employee saving | 91th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($139,143 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $1,682,531 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cushman & Wakefield put in about $1,985 per active participant, more than the typical peer ($271). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $46,677,570 |
| Participant (employee) contributions | $115,245,155 |
| Other contributions (incl. rollovers in) | $30,179,566 |
| Administrative expenses paid from the plan | $1,810,704 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $873,766 |
| Other admin expenses | $94,000 |
| Benefits paid out | $204,406,443 |
| Net assets, start / end of year | $1.5B / $1.7B |
| Active participants, start / end of year | 23,593 / 23,448 |
| Participants with account balances | 19,002 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $873,766 reported compensation |
| Fidelity Investments Institutional | $775,738 reported compensation |
| Aon Hewitt Investment Comsultant | $94,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905103611NAL0017034577001, received 2025-09-05, EIN 43-0955234, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.