Posigen, PBC 401(k) Review & Grade
Posigen, PBC 401(k) Plan
Saint Rose, LAConstruction592 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,946Employer $ per active participant
$5,456Employee $ saved per active participant
1.40%Direct admin cost, % of plan assets
$14.5MNet plan assets, end of year
$15,862Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 3th |
| Employee saving | 71th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Posigen, PBC put in about $1,946 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (1.40% 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 | $1,153,076 |
| Participant (employee) contributions | $3,232,908 |
| Other contributions (incl. rollovers in) | $147,394 |
| Administrative expenses paid from the plan | $188,961 |
| Investment advisory & management fees | $47,378 |
| Benefits paid out | $3,881,922 |
| Net assets, start / end of year | $12.5M / $14.5M |
| Active participants, start / end of year | 535 / 650 |
| Participants with account balances | 917 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wegmann Dazet |
Largest service providers (Schedule C)
| Adp, Inc. | $141,582 reported compensation |
| Eugene D. Ebersole | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014060709NAL0001055667001, received 2025-10-14, EIN 47-1619706, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.