Ping Identity Corporation 401(k) Review & Grade
Ping Identity Corporation 401(k) Plan
Denver, COInformation890 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,691Employer $ per active participant
$18,608Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$172.5MNet plan assets, end of year
$108,072Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 83th |
| Employee saving | 95th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $637 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ping Identity put in about $5,691 per active participant, more than the typical peer ($2,829). 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 | $5,062,460 |
| Participant (employee) contributions | $16,551,808 |
| Other contributions (incl. rollovers in) | $2,511,861 |
| Administrative expenses paid from the plan | $90,287 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $55,198 |
| Benefits paid out | $18,438,982 |
| Net assets, start / end of year | $106.0M / $172.5M |
| Active participants, start / end of year | 704 / 1,075 |
| Participants with account balances | 1,596 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly ,US LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $55,198 reported compensation |
| Fidelity Investments Institutional | $35,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009153451NAL0004046547001, received 2025-10-09, EIN 84-1610456, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.