Peterson Holding Company 401(k) Review & Grade
Peterson Holding Co. Incentive Retirement Plan
San Leandro, CAWholesale Trade1,544 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,489Employer $ per active participant
$8,000Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$295.6MNet plan assets, end of year
$118,942Average balance per account
Score breakdown
- Employer generosity32.8 / 5066th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 86th |
| Employee saving | 87th |
| 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
- Peterson Holding put in about $2,489 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.
- 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 | $3,841,237 |
| Participant (employee) contributions | $12,348,550 |
| Other contributions (incl. rollovers in) | $826,870 |
| Administrative expenses paid from the plan | $151,138 |
| Investment advisory & management fees | $22,037 |
| Benefits paid out | $17,306,396 |
| Net assets, start / end of year | $260.1M / $295.6M |
| Active participants, start / end of year | 1,488 / 1,599 |
| Participants with account balances | 2,485 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino, LLP |
Largest service providers (Schedule C)
| Milliman | $99,438 reported compensation |
| Cap Financial Partners | $22,037 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008154534NAL0005779537001, received 2025-10-08, EIN 94-2420293, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.