Procacci Bros. Sales Corp. 401(k) Review & Grade
Procacci Bros. Sales Corporation 401(k) Plan
Philadelphia, PAWholesale Trade3,540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11Employer $ per active participant
$100Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$7.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.5 / 501th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 80th |
| Employee saving | 1th |
| Peers that auto-enroll | 62% |
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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 ($4,663 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
- Procacci Bros. Sales put in about $11 per active participant, below the typical peer ($2,459). 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.
- 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 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 | $38,813 |
| Participant (employee) contributions | $354,731 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $3,220 |
| Investment advisory & management fees | $2,157 |
| Benefits paid out | $649,549 |
| Net assets, start / end of year | $6.5M / $7.0M |
| Active participants, start / end of year | 3,535 / 3,546 |
| Participants with account balances | 132 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,063 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260501135420NAL0000827763001, received 2026-05-01, EIN 23-1489642, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.