Elevate PFS Holdings Inc 401(k) Review & Grade
Elevate PFS Holdings Inc 401(k) Profit Sharing Plan & Trust
Spring, TXProfessional, Scientific & Technical Services2,444 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,183Employer $ per active participant
$2,092Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$56.3MNet plan assets, end of year
$31,974Average balance per account
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 43th |
| Employee saving | 11th |
| Peers that auto-enroll | 48% |
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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
- Elevate PFS Holdings put in about $1,183 per active participant, below the typical peer ($3,082). 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.
- 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 | $2,890,576 |
| Participant (employee) contributions | $5,113,837 |
| Other contributions (incl. rollovers in) | $701,521 |
| Administrative expenses paid from the plan | $139,264 |
| Contract administrator fees | $69,056 |
| Investment advisory & management fees | $70,208 |
| Benefits paid out | $3,819,775 |
| Net assets, start / end of year | $42.9M / $56.3M |
| Active participants, start / end of year | 2,434 / 2,454 |
| Participants with account balances | 1,761 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Paychex, Inc. | $97,897 reported compensation |
| Sageview Advisory Group, LLC | $70,943 reported compensation |
| Erisa Fiduciary Services, Inc. | $9,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013164104NAL0000843587001, received 2025-10-13, EIN 84-3461991, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.