Pantherx Specialty, LLC 401(k) Review & Grade
Pantherx Specialty, LLC 401(k) Plan
Pittsburgh, PAWholesale Trade555 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,804Employer $ per active participant
$4,839Employee $ saved per active participant
0.91%Direct admin cost, % of plan assets
$16.6MNet plan assets, end of year
$25,645Average balance per account
Score breakdown
- Employer generosity35.5 / 5071th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 8th |
| Employee saving | 53th |
| Peers that auto-enroll | 53% |
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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
- Pantherx Specialty put in about $2,804 per active participant, more than the typical peer ($1,792). 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.
- Direct plan expenses (0.91% of assets) are well above similar-size plans (0.23%). 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 | $1,556,404 |
| Participant (employee) contributions | $2,685,652 |
| Other contributions (incl. rollovers in) | $2,519,883 |
| Administrative expenses paid from the plan | $117,559 |
| Contract administrator fees | $81,936 |
| Investment advisory & management fees | $27,428 |
| Benefits paid out | $837,823 |
| Net assets, start / end of year | $9.2M / $16.6M |
| Active participants, start / end of year | 472 / 638 |
| Participants with account balances | 648 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grantthornton, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $67,592 reported compensation |
| Wells Fargo Advisors, LLC | $27,429 reported compensation |
| Dunbar Bender & Zapf, Inc. | $18,195 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724174751NAL0002960643001, received 2025-07-24, EIN 45-3620087, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.