Pencor Services, Inc. 401(k) Review & Grade
Pencor Services, Inc. 401(k) Salary Reduction Plan
Palmerton, PAInformation703 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$837Employer $ per active participant
$3,076Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$29.0MNet plan assets, end of year
$48,881Average balance per account
Score breakdown
- Employer generosity7.9 / 5016th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 22th |
| Employee saving | 12th |
| Peers that auto-enroll | 59% |
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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 ($77,842 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Pencor Services put in about $837 per active participant, below the typical peer ($2,829). 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.
- Direct plan expenses (0.52% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $588,273 |
| Participant (employee) contributions | $2,162,613 |
| Other contributions (incl. rollovers in) | $79,475 |
| Administrative expenses paid from the plan | $140,724 |
| Investment advisory & management fees | $5,333 |
| Other admin expenses | $128 |
| Benefits paid out | $1,626,063 |
| Net assets, start / end of year | $24.9M / $29.0M |
| Active participants, start / end of year | 696 / 710 |
| Participants with account balances | 594 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Barsz Gowie Amon Fultz LLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions, | $122,415 reported compensation |
| Osaic Wealth Inc | $61,297 reported compensation |
| Stalker & Associates, Inc. | $13,456 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015190322NAL0002896515001, received 2025-10-15, EIN 24-0820653, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.