PJ Holdings Ky, LLC 401(k) Review & Grade
Team PJ Ops 401(k) Plan
Lexington, KYManagement of Companies1,353 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$24Employer $ per active participant
$32Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$1.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.9 / 502th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 24th |
| Employee saving | 0th |
| Peers that auto-enroll | 58% |
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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
- PJ Holdings Ky put in about $24 per active participant, below the typical peer ($2,492). 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.
- Direct plan expenses (0.49% 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 | $32,495 |
| Participant (employee) contributions | $43,689 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $5,243 |
| Benefits paid out | $38,759 |
| Net assets, start / end of year | $977,237 / $1.2M |
| Active participants, start / end of year | 1,335 / 1,371 |
| Participants with account balances | 53 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250719082036NAL0001171731001, received 2025-07-19, EIN 20-5622351, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.