Leedsworld, Inc. 401(k) Review & Grade
Pcna 401(k) Plan
New Kensington, PAWholesale Trade1,758 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,860Employer $ per active participant
$3,315Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$84.1MNet plan assets, end of year
$39,786Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 32th |
| Employee saving | 28th |
| Peers that auto-enroll | 53% |
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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
- Leedsworld put in about $1,860 per active participant, more than the typical peer ($1,792). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $3,270,338 |
| Participant (employee) contributions | $5,826,922 |
| Other contributions (incl. rollovers in) | $66,654 |
| Administrative expenses paid from the plan | $300,813 |
| Contract administrator fees | $8,612 |
| Investment advisory & management fees | $90,096 |
| Benefits paid out | $8,568,399 |
| Net assets, start / end of year | $73.9M / $84.1M |
| Active participants, start / end of year | 1,706 / 1,810 |
| Participants with account balances | 2,115 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grossman Yanak & Ford, LLP |
Largest service providers (Schedule C)
| Fidelity Workplace Services, LLC | $203,167 reported compensation |
| Global Retirement Partners LLC | $90,096 reported compensation |
| Grossman Yanak & Ford, LLP | $7,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006135010NAL0006539344001, received 2025-10-06, EIN 87-0656991, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.