The Perryman Company 401(k) Review & Grade
The Perryman Company New Comparability Profit Sharing Plan
Houston, PAManufacturing626 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,599Employer $ per active participant
$4,192Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$101.6MNet plan assets, end of year
$123,098Average balance per account
Score breakdown
- Employer generosity48.6 / 5097th percentile for employer $ per participant
- Low cost10.9 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 43th |
| Employee saving | 39th |
| Peers that auto-enroll | 59% |
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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
- Perryman put in about $10,599 per active participant, more than the typical peer ($2,320). 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.
- 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 | $6,635,261 |
| Participant (employee) contributions | $2,623,903 |
| Other contributions (incl. rollovers in) | $209,310 |
| Administrative expenses paid from the plan | $269,369 |
| Contract administrator fees | $269,369 |
| Benefits paid out | $11,576,619 |
| Net assets, start / end of year | $93.0M / $101.6M |
| Active participants, start / end of year | 549 / 703 |
| Participants with account balances | 825 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RD Hoag & Associates |
Largest service providers (Schedule C)
| Coury Firm Asset Management | $228,393 reported compensation |
| Fidelity | $40,976 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013091702NAL0000409811001, received 2025-10-13, EIN 25-1585501, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.