Professional Building Systems, Inc. 401(k) Review & Grade
Professional Building Systems, Inc. 401(k) Plan
Middleburg, PAConstruction916 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$462Employer $ per active participant
$1,566Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$15.2MNet plan assets, end of year
$28,123Average balance per account
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 16th |
| Employee saving | 15th |
| Peers that auto-enroll | 44% |
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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
- Professional Building Systems put in about $462 per active participant, below the typical peer ($1,672). 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 (0.63% 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.
- 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 | $423,791 |
| Participant (employee) contributions | $1,434,938 |
| Other contributions (incl. rollovers in) | $207,128 |
| Administrative expenses paid from the plan | $91,968 |
| Contract administrator fees | $50,537 |
| Investment advisory & management fees | $41,431 |
| Benefits paid out | $2,711,256 |
| Net assets, start / end of year | $14.0M / $15.2M |
| Active participants, start / end of year | 895 / 938 |
| Participants with account balances | 541 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown Plus |
Largest service providers (Schedule C)
| PCS Retirement, LLC | $50,537 reported compensation |
| Creative Financial Group | $41,431 reported compensation |
| Newsquare Capital, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003081421NAL0000717827001, received 2025-10-03, EIN 23-3038127, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.