Pantheon Freedom, Inc. 401(k) Review & Grade
Achieve 401(k) Plan
San Mateo, CAFinance & Insurance2,501 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,153Employer $ per active participant
$6,179Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$133.6MNet plan assets, end of year
$47,356Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 41th |
| Employee saving | 22th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,930 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pantheon Freedom put in about $2,153 per active participant, below the typical peer ($4,489). 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.
- 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 | $5,385,704 |
| Participant (employee) contributions | $15,454,089 |
| Other contributions (incl. rollovers in) | $2,442,272 |
| Administrative expenses paid from the plan | $197,226 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $27,083 |
| Benefits paid out | $14,843,348 |
| Net assets, start / end of year | $109.3M / $133.6M |
| Active participants, start / end of year | 2,602 / 2,400 |
| Participants with account balances | 2,822 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $103,550 reported compensation |
| Newfront Retirement Services Inc | $27,083 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014171610NAL0003484433001, received 2025-10-14, EIN 84-4295233, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.