Penn Color Inc. 401(k) Review & Grade
Penn Color, Inc. Incentive Savings Plan
Hatfield, PAManufacturing588 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,588Employer $ per active participant
$6,448Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$79.7MNet plan assets, end of year
$104,927Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 36th |
| Employee saving | 68th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $55,944 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Penn Color put in about $2,588 per active participant, more than the typical peer ($2,320). 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 | $1,520,249 |
| Participant (employee) contributions | $3,788,341 |
| Other contributions (incl. rollovers in) | $204,114 |
| Administrative expenses paid from the plan | $260,046 |
| Contract administrator fees | $23,792 |
| Investment advisory & management fees | $103,813 |
| Other admin expenses | $22,567 |
| Benefits paid out | $7,809,454 |
| Net assets, start / end of year | $73.4M / $79.7M |
| Active participants, start / end of year | 557 / 618 |
| Participants with account balances | 760 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $113,416 reported compensation |
| Ubs Financial Services Inc | $103,812 reported compensation |
| J L Kreischer PC Et Al Ptrs DBA Kre | $20,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002121939NAL0000477681001, received 2025-10-02, EIN 22-1661347, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.