PPL Services Corporation 401(k) Review & Grade
PPL Retirement Readiness Plan
Allentown, PAUtilities1,254 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,704Employer $ per active participant
$15,511Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$211.7MNet plan assets, end of year
$158,335Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Utilities plans with 500–2,499 active participants (75 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 86th |
| Employee saving | 89th |
| 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 $8,704 per active participant, more than the typical peer ($6,264). 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.
- 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 | $10,910,576 |
| Participant (employee) contributions | $19,443,101 |
| Other contributions (incl. rollovers in) | $7,270,007 |
| Administrative expenses paid from the plan | $103,841 |
| Benefits paid out | $17,018,578 |
| Net assets, start / end of year | $171.6M / $211.7M |
| Active participants, start / end of year | 1,248 / 1,259 |
| Participants with account balances | 1,337 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $76,773 reported compensation |
| Willis Towers Watson US LLC | $21,793 reported compensation |
| K&l Gates | $5,585 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133327NAL0006193202001, received 2025-10-14, EIN 23-3041441, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.