Penascola Christian College, Inc. 401(k) Review & Grade
Pensacola Christian College, Inc. 401(k) Retirement Plan
Pensacola, FLEducational Services1,304 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,346Employer $ per active participant
$2,931Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$96.0MNet plan assets, end of year
$72,212Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 59th |
| Employee saving | 59th |
| Peers that auto-enroll | 37% |
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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
- Penascola Christian College put in about $2,346 per active participant, more than the typical peer ($1,225). 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 | $3,060,525 |
| Participant (employee) contributions | $3,823,212 |
| Other contributions (incl. rollovers in) | $206,625 |
| Administrative expenses paid from the plan | $152,971 |
| Investment advisory & management fees | $36,433 |
| Benefits paid out | $4,285,240 |
| Net assets, start / end of year | $83.5M / $96.0M |
| Active participants, start / end of year | 1,423 / 1,186 |
| Participants with account balances | 1,330 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Carr, Riggs & Ingram |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $109,188 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $28,125 reported compensation |
| Empower Advisory Group, LLC | $8,308 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014094135NAL0001188243001, received 2025-10-14, EIN 59-0940532, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.