PF I Carrus Services, LLC 401(k) Review & Grade
Penn Foster Carrus 401(k) Plan
Scranton, PAEducational Services820 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,064Employer $ per active participant
$3,413Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$52.1MNet plan assets, end of year
$59,393Average balance per account
Score breakdown
- Employer generosity21.0 / 5042th percentile for employer $ per participant
- Low cost10.6 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1564th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 43th |
| Employee saving | 64th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $66,601 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PF I Carrus Services put in about $1,064 per active participant, below the typical peer ($1,225). 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 | $872,192 |
| Participant (employee) contributions | $2,796,809 |
| Other contributions (incl. rollovers in) | $288,631 |
| Administrative expenses paid from the plan | $143,288 |
| Investment advisory & management fees | $42,000 |
| Benefits paid out | $7,689,379 |
| Net assets, start / end of year | $48.8M / $52.1M |
| Active participants, start / end of year | 866 / 773 |
| Participants with account balances | 878 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kronick Kalada Bardy & Co., P.C. |
Largest service providers (Schedule C)
| Usi Consulting Group | $101,288 reported compensation |
| Usi Advisors | $42,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014114035NAL0003812464001, received 2025-10-14, EIN 88-2146964, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.