P & L Global Holding Corp 401(k) Review & Grade
P & L Global Holding Corp 401(k) Plan
Westbury, NYManufacturing1,411 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,429Employer $ per active participant
$2,627Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$56.5MNet plan assets, end of year
$61,844Average balance per account
Score breakdown
- Employer generosity14.5 / 5029th percentile for employer $ per participant
- Low cost13.1 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 53th |
| Employee saving | 19th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $115,598 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- P & L Global Holding put in about $1,429 per active participant, below the typical peer ($2,320). 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 | $2,016,537 |
| Participant (employee) contributions | $3,706,353 |
| Other contributions (incl. rollovers in) | $433,835 |
| Administrative expenses paid from the plan | $108,775 |
| Contract administrator fees | $108,775 |
| Benefits paid out | $2,640,998 |
| Net assets, start / end of year | $46.7M / $56.5M |
| Active participants, start / end of year | 1,424 / 1,398 |
| Participants with account balances | 913 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars USA LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $108,776 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111438NAL0002306243001, received 2025-10-15, EIN 46-2532653, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.