PDS Consultants, Inc. 401(k) Review & Grade
PDS Ko 401(k) Plan
Louisville, KYManufacturing554 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,516Employer $ per active participant
$2,794Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$16.9MNet plan assets, end of year
$35,298Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 15th |
| Employee saving | 20th |
| 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
- PDS Consultants put in about $2,516 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.
- Direct plan expenses (0.66% 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.
- 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 | $1,392,845 |
| Participant (employee) contributions | $1,546,663 |
| Other contributions (incl. rollovers in) | $277,022 |
| Administrative expenses paid from the plan | $98,959 |
| Contract administrator fees | $13,150 |
| Benefits paid out | $1,247,231 |
| Net assets, start / end of year | $13.3M / $16.9M |
| Active participants, start / end of year | 515 / 592 |
| Participants with account balances | 479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Blue & Co., LLC |
Largest service providers (Schedule C)
| Lincoln National Corporation | $78,809 reported compensation |
| Mcgregor and Associates | $13,150 reported compensation |
| Blue & Co, LLC | $7,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140037NAL0002960929002, received 2025-10-14, EIN 11-3124680, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.