Penn United Technologies, Inc. 401(k) Review & Grade
Penn United Technologies, Inc. 401(k) Plan
Cabot, PAManufacturing710 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,288Employer $ per active participant
$4,878Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$95.2MNet plan assets, end of year
$117,221Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 58th |
| Employee saving | 49th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $7,462 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Penn United Technologies put in about $3,288 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.
- 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 | $2,332,881 |
| Participant (employee) contributions | $3,461,112 |
| Other contributions (incl. rollovers in) | $1,394,450 |
| Administrative expenses paid from the plan | $168,158 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $101,894 |
| Benefits paid out | $10,772,909 |
| Net assets, start / end of year | $91.7M / $95.2M |
| Active participants, start / end of year | 737 / 682 |
| Participants with account balances | 812 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| LPL Financial LLC | $101,894 reported compensation |
| Fidelity Investments Institutional | $66,282 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260115141312NAL0023358194001, received 2026-01-15, EIN 25-1215115, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.