Peoples Services, Inc. 401(k) Review & Grade
Peoples Services, Inc. 401(k) Retirement Plan
Canton, OHTransportation & Warehousing940 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$13Employer $ per active participant
$1,362Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
$21,748Average balance per account
Score breakdown
- Employer generosity1.5 / 503th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 19th |
| Employee saving | 19th |
| 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
- Peoples Services put in about $13 per active participant, below the typical peer ($1,070). 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 (0.58% 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 | $12,024 |
| Participant (employee) contributions | $1,280,971 |
| Other contributions (incl. rollovers in) | $118,451 |
| Administrative expenses paid from the plan | $61,073 |
| Other admin expenses | $61,073 |
| Benefits paid out | $1,334,507 |
| Net assets, start / end of year | $8.7M / $12.4M |
| Active participants, start / end of year | 946 / 935 |
| Participants with account balances | 572 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | 415 Group |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Ame | $30,227 reported compensation |
| Definiti | $29,494 reported compensation |
| Vantage Financial Group | $24,166 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014123253NAL0001381923001, received 2025-10-14, EIN 34-1692443, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.