Positive Promotions, Inc. 401(k) Review & Grade
Positive Promotions 401(k) Savings Plan
Hauppauge, NYProfessional, Scientific & Technical Services782 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$196Employer $ per active participant
$1,003Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$17.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 20th |
| Employee saving | 5th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Positive Promotions put in about $196 per active participant, below the typical peer ($3,082). 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 (0.56% 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 | $152,823 |
| Participant (employee) contributions | $784,051 |
| Other contributions (incl. rollovers in) | $280,572 |
| Administrative expenses paid from the plan | $89,358 |
| Investment advisory & management fees | $35,331 |
| Benefits paid out | $780,972 |
| Net assets, start / end of year | $14.8M / $17.4M |
| Active participants, start / end of year | 707 / 856 |
| Participants with account balances | 259 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Perlson LLP |
Largest service providers (Schedule C)
| Cep Consultants, Inc | $40,779 reported compensation |
| CFM Advisors Inc | $19,618 reported compensation |
| Charles Schwab Trust Bank | $7,827 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010090845NAL0017488562001, received 2025-10-10, EIN 13-1968593, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.