Pike Enterprises LLC 401(k) Review & Grade
Pike 401(k) Plan
Mount Airy, NCConstruction10,568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,425Employer $ per active participant
$3,803Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$358.9MNet plan assets, end of year
$56,019Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 36th |
| Employee saving | 42th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $499 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pike Enterprises put in about $1,425 per active participant, below the typical peer ($2,229). 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 | $15,060,912 |
| Participant (employee) contributions | $40,189,463 |
| Other contributions (incl. rollovers in) | $9,701,782 |
| Administrative expenses paid from the plan | $400,508 |
| Contract administrator fees | $3,300 |
| Benefits paid out | $42,981,383 |
| Net assets, start / end of year | $295.8M / $358.9M |
| Active participants, start / end of year | 10,380 / 10,755 |
| Participants with account balances | 6,406 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Greer Walker LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $400,508 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014073151NAL0001091587001, received 2025-10-14, EIN 90-0609644, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.