Pye-Barker Fire & Safety, LLC 401(k) Review & Grade
Pbfs Retirement Plan
Alpharetta, GAConstruction6,986 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,668Employer $ per active participant
$2,856Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$176.9MNet plan assets, end of year
$44,949Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 17th |
| Employee saving | 25th |
| Peers that auto-enroll | 57% |
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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 ($1,431,240 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
- Pye-Barker Fire & Safety put in about $1,668 per active participant, below the typical peer ($1,965). 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 (0.39% 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 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 | $11,649,670 |
| Participant (employee) contributions | $19,955,276 |
| Other contributions (incl. rollovers in) | $18,656,397 |
| Administrative expenses paid from the plan | $578,426 |
| Investment advisory & management fees | $3,920 |
| Other admin expenses | $494,116 |
| Benefits paid out | $14,306,435 |
| Net assets, start / end of year | $116.9M / $176.9M |
| Active participants, start / end of year | 6,668 / 7,304 |
| Participants with account balances | 3,935 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $337,486 reported compensation |
| Mercer (US) Inc Mercer Investments | $156,982 reported compensation |
| Empower Annuity Insurance Company O | $80,390 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015155007NAL0006820528001, received 2025-10-15, EIN 20-0378887, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.