PPL Services Corporation 401(k) Review & Grade
PPL Employee Savings Plan
Allentown, PAUtilities592 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,146Employer $ per active participant
$14,222Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$299.1MNet plan assets, end of year
$282,981Average balance per account
Score breakdown
- Employer generosity10.8 / 5022th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 99th |
| Employee saving | 76th |
| Peers that auto-enroll | 76% |
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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
- PPL Services put in about $4,146 per active participant, below the typical peer ($6,264). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,456,433 |
| Participant (employee) contributions | $8,426,263 |
| Other contributions (incl. rollovers in) | $6,425 |
| Administrative expenses paid from the plan | $15,533 |
| Benefits paid out | $43,704,164 |
| Net assets, start / end of year | $286.2M / $299.1M |
| Active participants, start / end of year | 628 / 557 |
| Participants with account balances | 1,057 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $11,396 reported compensation |
| K&l Gates | $4,787 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133300NAL0006191970001, received 2025-10-14, EIN 23-3041441, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.