Your Part-Time Controller, LLC 401(k) Review & Grade
Your Part-Time Controller, LLC 401(k) Profit Sharing Plan
Philadelphia, PAProfessional, Scientific & Technical Services699 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,763Employer $ per active participant
$9,479Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$53.5MNet plan assets, end of year
$69,273Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 38th |
| Employee saving | 54th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,911 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Your Part-Time Controller put in about $2,763 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,931,546 |
| Participant (employee) contributions | $6,625,655 |
| Other contributions (incl. rollovers in) | $2,237,002 |
| Administrative expenses paid from the plan | $148,443 |
| Investment advisory & management fees | $86,974 |
| Benefits paid out | $1,905,122 |
| Net assets, start / end of year | $39.3M / $53.5M |
| Active participants, start / end of year | 662 / 736 |
| Participants with account balances | 773 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lear & Pannepacker, LLP |
Largest service providers (Schedule C)
| LPL Financial | $63,484 reported compensation |
| Empower Annuity Insurance of Americ | $33,903 reported compensation |
| Atr, Inc. | $29,465 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729092215NAL0005465394001, received 2025-07-29, EIN 22-3631980, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.