PPC Retirement Plan 401(k) Review & Grade
PPC Retirement Plan
Albany, GAConstruction1,252 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,584Employer $ per active participant
$6,301Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$98.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity34.9 / 5070th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 47th |
| Employee saving | 78th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($24,154 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- PPC Retirement Plan put in about $2,584 per active participant, more than the typical peer ($1,672). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,235,528 |
| Participant (employee) contributions | $7,889,345 |
| Other contributions (incl. rollovers in) | $3,358,056 |
| Administrative expenses paid from the plan | $226,604 |
| Contract administrator fees | $226,604 |
| Benefits paid out | $9,301,547 |
| Net assets, start / end of year | $82.5M / $98.7M |
| Active participants, start / end of year | 1,153 / 1,351 |
| Participants with account balances | 43 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $226,603 reported compensation |
| Resources Investment Advisors, LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015133510NAL0002373283001, received 2025-10-15, EIN 39-0972052, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.