Pegasystems Inc 401(k) Review & Grade
Pegasystems Inc. 401(k) Plan
Cambridge, MAProfessional, Scientific & Technical Services1,908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,179Employer $ per active participant
$16,272Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$529.7MNet plan assets, end of year
$204,109Average balance per account
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 90th |
| Employee saving | 93th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,404 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pegasystems put in about $4,179 per active participant, more than the typical peer ($3,082). 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 | $7,974,711 |
| Participant (employee) contributions | $31,055,110 |
| Other contributions (incl. rollovers in) | $4,182,637 |
| Administrative expenses paid from the plan | $201,197 |
| Investment advisory & management fees | $176,447 |
| Other admin expenses | $600 |
| Benefits paid out | $36,896,213 |
| Net assets, start / end of year | $454.0M / $529.7M |
| Active participants, start / end of year | 1,922 / 1,895 |
| Participants with account balances | 2,595 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Morgan Stanley | $176,447 reported compensation |
| Cbiz Inc | $24,150 reported compensation |
| Qdro Consultants Co LLC | $600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013083740NAL0000384931001, received 2025-10-13, EIN 04-2787865, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.