Peoplelink, LLC 401(k) Review & Grade
Peoplelink, LLC 401(k) Plan
South Bend, INAdministrative, Support & Staffing Services1,926 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$321Employer $ per active participant
$734Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 22th |
| Employee saving | 25th |
| Peers that auto-enroll | 27% |
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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
- Peoplelink put in about $321 per active participant, below the typical peer ($712). 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.
- 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 | $617,795 |
| Participant (employee) contributions | $1,413,207 |
| Other contributions (incl. rollovers in) | $106,202 |
| Administrative expenses paid from the plan | $81,912 |
| Investment advisory & management fees | $45,626 |
| Benefits paid out | $2,564,540 |
| Net assets, start / end of year | $15.0M / $16.7M |
| Active participants, start / end of year | 2,571 / 1,280 |
| Participants with account balances | 378 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | International Attest Solutions, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $36,286 reported compensation |
| Global Retirement Partners LLC | $20,886 reported compensation |
| Wellth Advisory Services LLC | $15,345 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827082607NAL0018550610001, received 2025-08-27, EIN 35-2154753, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.