PBC Management, LLC 401(k) Review & Grade
PBC Management, LLC 401(k) Profit Sharing Plan
Mandeville, LAReal Estate & Rental1,038 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,970Employer $ per active participant
$5,598Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$100.6MNet plan assets, end of year
$82,907Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 48th |
| Employee saving | 74th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,258 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PBC Management put in about $2,970 per active participant, more than the typical peer ($1,279). 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.
- 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 | $3,081,723 |
| Participant (employee) contributions | $5,808,390 |
| Other contributions (incl. rollovers in) | $328,270 |
| Administrative expenses paid from the plan | $242,309 |
| Contract administrator fees | $66,335 |
| Investment advisory & management fees | $22,856 |
| Other admin expenses | $49,325 |
| Benefits paid out | $16,118,864 |
| Net assets, start / end of year | $97.0M / $100.6M |
| Active participants, start / end of year | 1,011 / 1,064 |
| Participants with account balances | 1,214 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bourgeois Bennett, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $155,128 reported compensation |
| Synovus Trust Company N.A. | $65,000 reported compensation |
| Bourgeois Bennett LLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929155250NAL0027180482001, received 2025-09-29, EIN 59-3294835, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.