Peak Technologies, Inc. 401(k) Review & Grade
Peak Technologies, Inc. 401(k) Retirement Plan
Linthicum Heights, MDTransportation & Warehousing798 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,854Employer $ per active participant
$5,847Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$93.3MNet plan assets, end of year
$150,936Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 76th |
| Employee saving | 81th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($12,839 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $29,660 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Peak Technologies put in about $1,854 per active participant, more than the typical peer ($1,070). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,480,637 |
| Participant (employee) contributions | $4,668,888 |
| Other contributions (incl. rollovers in) | $492,398 |
| Administrative expenses paid from the plan | $84,603 |
| Investment advisory & management fees | $80,608 |
| Benefits paid out | $15,351,838 |
| Net assets, start / end of year | $89.2M / $93.3M |
| Active participants, start / end of year | 807 / 790 |
| Participants with account balances | 618 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith & Howard |
Largest service providers (Schedule C)
| Creative Planning LLC | $46,625 reported compensation |
| Strategic Advisors, Inc. | $19,871 reported compensation |
| Mesirow Financial | $14,112 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145435NAL0001562049001, received 2025-10-13, EIN 36-3149386, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.