Penn Line Enterprises, Inc. 401(k) Review & Grade
Penn Line Enterprises, Inc. Employee Stock Ownership and Savings Plan
Scottdale, PAConstruction1,831 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,599Employer $ per active participant
$666Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$190.1MNet plan assets, end of year
$69,433Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 99th |
| Employee saving | 6th |
| Peers that auto-enroll | 44% |
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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 ($26,010 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $403 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Penn Line Enterprises put in about $3,599 per active participant, more than the typical peer ($1,672). 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 | $6,590,450 |
| Participant (employee) contributions | $1,220,153 |
| Other contributions (incl. rollovers in) | $134,010 |
| Administrative expenses paid from the plan | $6,715 |
| Benefits paid out | $13,377,750 |
| Net assets, start / end of year | $173.2M / $190.1M |
| Active participants, start / end of year | 1,690 / 1,972 |
| Participants with account balances | 2,738 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Keenan Group |
| Employer stock held by plan | $137,260,670 |
Largest service providers (Schedule C)
| Newport Group, Inc. | $6,715 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151106NAL0006518130001, received 2025-10-14, EIN 85-0756206, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.