Petrochoice Holdings, Inc. 401(k) Review & Grade
Petrochoice Holdings, Inc. 401(k) Plan
King of Prussia, PAFinance & Insurance633 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,746Employer $ per active participant
$5,434Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$44.4MNet plan assets, end of year
$57,799Average balance per account
Score breakdown
- Employer generosity8.9 / 5018th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 36th |
| Employee saving | 28th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $89,399 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Petrochoice Holdings put in about $1,746 per active participant, below the typical peer ($3,606). 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.
- Direct plan expenses (0.35% 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.
- 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 | $1,105,193 |
| Participant (employee) contributions | $3,439,830 |
| Other contributions (incl. rollovers in) | $472,340 |
| Administrative expenses paid from the plan | $145,743 |
| Investment advisory & management fees | $72,533 |
| Benefits paid out | $5,885,041 |
| Net assets, start / end of year | $39.7M / $44.4M |
| Active participants, start / end of year | 673 / 593 |
| Participants with account balances | 769 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Smith and Howard |
Largest service providers (Schedule C)
| Adp, Inc. | $73,210 reported compensation |
| Ubs Financial Services, Inc. | $72,533 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015063734NAL0005351904001, received 2025-10-15, EIN 26-1558803, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.