Press Ganey Associates LLC 401(k) Review & Grade
Press Ganey Associates LLC 401(k) Profit Sharing Plan and Trust
South Bend, INProfessional, Scientific & Technical Services2,020 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,331Employer $ per active participant
$8,280Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$238.7MNet plan assets, end of year
$84,915Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 62th |
| Employee saving | 44th |
| Peers that auto-enroll | 48% |
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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
- Press Ganey Associates put in about $3,331 per active participant, more than the typical peer ($3,082). 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 | $6,729,675 |
| Participant (employee) contributions | $16,729,114 |
| Other contributions (incl. rollovers in) | $1,349,587 |
| Administrative expenses paid from the plan | $347,905 |
| Other admin expenses | $347,905 |
| Benefits paid out | $18,393,591 |
| Net assets, start / end of year | $205.4M / $238.7M |
| Active participants, start / end of year | 2,001 / 2,040 |
| Participants with account balances | 2,811 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $233,763 reported compensation |
| Vanguard Advisers Inc. | $64,373 reported compensation |
| Sageview Advisory Group LLC | $55,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010120844NAL0004581395001, received 2025-10-10, EIN 35-1646289, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.