Park Place Technologies, LLC 401(k) Review & Grade
Park Place Technologies 401(k) Profit Sharing Plan
Highland Heights, OHProfessional, Scientific & Technical Services1,428 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,504Employer $ per active participant
$8,079Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$152.6MNet plan assets, end of year
$83,914Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 46th |
| Employee saving | 42th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,123 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Park Place Technologies put in about $2,504 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.
- 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 | $3,575,641 |
| Participant (employee) contributions | $11,536,334 |
| Other contributions (incl. rollovers in) | $1,425,091 |
| Administrative expenses paid from the plan | $362,820 |
| Investment advisory & management fees | $218,858 |
| Benefits paid out | $11,886,897 |
| Net assets, start / end of year | $131.1M / $152.6M |
| Active participants, start / end of year | 1,426 / 1,430 |
| Participants with account balances | 1,819 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $159,433 reported compensation |
| Empower Annuity Insurance Company | $128,512 reported compensation |
| Cbiz Investment Advisory Services | $79,408 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006134612NAL0003709953001, received 2025-10-06, EIN 34-1675040, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.