PGW Auto Glass, LLC 401(k) Review & Grade
PGW Auto Glass, LLC 401(k) Plan
Cranberry Township, PAWholesale Trade1,292 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$856Employer $ per active participant
$1,931Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$26.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 44th |
| Employee saving | 12th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $48,313 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PGW Auto Glass put in about $856 per active participant, below the typical peer ($1,792). 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 | $1,105,723 |
| Participant (employee) contributions | $2,494,494 |
| Other contributions (incl. rollovers in) | $978,540 |
| Administrative expenses paid from the plan | $65,376 |
| Contract administrator fees | $65,376 |
| Benefits paid out | $1,675,626 |
| Net assets, start / end of year | $21.2M / $26.7M |
| Active participants, start / end of year | 1,307 / 1,277 |
| Participants with account balances | 478 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | S.R. Snodgrass |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $65,376 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909141705NAL0033794800001, received 2025-09-09, EIN 25-1866424, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.