Perennial Services Holdco, LLC 401(k) Review & Grade
Perennial Retirement Plan
Englewood, COAdministrative, Support & Staffing Services885 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,371Employer $ per active participant
$2,040Employee $ saved per active participant
0.92%Direct admin cost, % of plan assets
$23.2MNet plan assets, end of year
$47,855Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 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 | 69th |
| Lower admin cost | 8th |
| Employee saving | 54th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,381 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Perennial Services Holdco put in about $1,371 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (0.92% 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 | $1,213,371 |
| Participant (employee) contributions | $1,805,476 |
| Other contributions (incl. rollovers in) | $936,900 |
| Administrative expenses paid from the plan | $158,084 |
| Investment advisory & management fees | $87,017 |
| Benefits paid out | $5,401,700 |
| Net assets, start / end of year | $11.1M / $23.2M |
| Active participants, start / end of year | 753 / 1,017 |
| Participants with account balances | 484 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekuecka, PLLC |
Largest service providers (Schedule C)
| Global Retirement Partners | $87,017 reported compensation |
| Adp, Inc. | $71,066 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930051640NAL0005340675001, received 2025-09-30, EIN 88-4040386, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.