PMG Services, Inc. 401(k) Review & Grade
PMG Services, Inc. Thrift and Profit Sharing Plan
Sunrise, FLHealth Care & Social Assistance7,729 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,900Employer $ per active participant
$10,256Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.8BNet plan assets, end of year
$233,628Average balance per account
Score breakdown
- Employer generosity40.5 / 5081th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 81th |
| Employee saving | 96th |
| Peers that auto-enroll | 38% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $64,031 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- PMG Services put in about $2,900 per active participant, more than the typical peer ($800). 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.
- 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 | $22,415,539 |
| Participant (employee) contributions | $79,265,117 |
| Other contributions (incl. rollovers in) | $10,138,733 |
| Administrative expenses paid from the plan | $746,943 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $417,040 |
| Benefits paid out | $198,027,122 |
| Net assets, start / end of year | $1.6B / $1.8B |
| Active participants, start / end of year | 7,318 / 8,140 |
| Participants with account balances | 7,559 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
| Employer stock held by plan | $834,143 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $353,040 reported compensation |
| Fidelity Investments Institutional | $334,739 reported compensation |
| Onedigital Investment Advisors LLC | $64,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723121022NAL0004069265001, received 2025-07-23, EIN 65-0271219, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.