Pga Tour, Inc 401(k) Review & Grade
Pga Tour Employees Savings Plan
Ponte Vedra Beach, FLOther Services2,918 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,556Employer $ per active participant
$6,534Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$290.7MNet plan assets, end of year
$66,518Average balance per account
Score breakdown
- Employer generosity36.6 / 5073th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 75th |
| Employee saving | 80th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,303,291 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Pga Tour put in about $2,556 per active participant, more than the typical peer ($1,132). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $7,458,292 |
| Participant (employee) contributions | $19,068,219 |
| Other contributions (incl. rollovers in) | $2,333,145 |
| Administrative expenses paid from the plan | $151,754 |
| Contract administrator fees | $2,538 |
| Investment advisory & management fees | $118,804 |
| Benefits paid out | $18,466,720 |
| Net assets, start / end of year | $244.3M / $290.7M |
| Active participants, start / end of year | 2,928 / 2,909 |
| Participants with account balances | 4,371 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $42,087 reported compensation |
| Gallagher Fiduciary Advisors LLC | $41,500 reported compensation |
| Fayez Sarofim & Co | $37,076 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140352NAL0002140640002, received 2025-10-13, EIN 52-0999206, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.