P & K Equipment, Inc 401(k) Review & Grade
P & K 401(k) Plan
Enid, OKWholesale Trade720 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,160Employer $ per active participant
$4,059Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$45.3MNet plan assets, end of year
$76,019Average balance per account
Score breakdown
- Employer generosity29.2 / 5058th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 57th |
| Employee saving | 40th |
| 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
- P & K Equipment put in about $2,160 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.
- 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 | $1,555,492 |
| Participant (employee) contributions | $2,922,366 |
| Other contributions (incl. rollovers in) | $196,152 |
| Administrative expenses paid from the plan | $78,279 |
| Contract administrator fees | $32,375 |
| Investment advisory & management fees | $43,829 |
| Other admin expenses | $2,075 |
| Benefits paid out | $4,408,172 |
| Net assets, start / end of year | $39.9M / $45.3M |
| Active participants, start / end of year | 714 / 726 |
| Participants with account balances | 596 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Equipment Dealer Consulting, LLC |
Largest service providers (Schedule C)
| Intrust Bank N.A. | $106,778 reported compensation |
| Voya Retirement Advisors, LLC | $43,305 reported compensation |
| Erisa Services Midwest, LLC | $24,311 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140929NAL0000692611001, received 2025-10-13, EIN 73-1259841, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.