Per Mar Security & Research Corporation 401(k) Review & Grade
Per Mar Security and Research Corp. 401(k) Plan
Davenport, IAAdministrative, Support & Staffing Services2,472 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$669Employer $ per active participant
$1,060Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$36.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 70th |
| Employee saving | 33th |
| 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
- Per Mar Security & Research put in about $669 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.
- 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.
- 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 | $1,654,373 |
| Participant (employee) contributions | $2,620,540 |
| Other contributions (incl. rollovers in) | $1,920,444 |
| Administrative expenses paid from the plan | $39,403 |
| Other admin expenses | $31,592 |
| Benefits paid out | $3,893,366 |
| Net assets, start / end of year | $31.4M / $36.8M |
| Active participants, start / end of year | 2,312 / 2,631 |
| Participants with account balances | 598 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Anderson Lower Whitlow PC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $7,811 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250901114247NAL0013413089001, received 2025-09-01, EIN 42-0818682, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.