Pride Capital Partners, LLC 401(k) Review & Grade
Pride Capital Partners, LLC 401(k) Plan
New York, NYProfessional, Scientific & Technical Services3,763 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$244Employer $ per active participant
$2,321Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$40.9MNet plan assets, end of year
$13,068Average balance per account
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 8th |
| Employee saving | 13th |
| Peers that auto-enroll | 47% |
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
- Pride Capital Partners put in about $244 per active participant, below the typical peer ($2,951). 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 (0.70% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $916,744 |
| Participant (employee) contributions | $8,735,231 |
| Other contributions (incl. rollovers in) | $1,259,030 |
| Administrative expenses paid from the plan | $257,785 |
| Investment advisory & management fees | $123,159 |
| Benefits paid out | $7,167,163 |
| Net assets, start / end of year | $32.7M / $40.9M |
| Active participants, start / end of year | 2,783 / 4,743 |
| Participants with account balances | 3,132 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Galleros Robinson Cpas, LLP |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance Co | $134,626 reported compensation |
| Apexium Financial LP | $91,224 reported compensation |
| Empower Advisory Group, LLC | $31,935 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134838NAL0006296800001, received 2025-10-15, EIN 54-2131570, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.