S & T Bank 401(k) Review & Grade
Thrift Plan for Employees of S & T Bank
Indiana, PAFinance & Insurance1,240 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,135Employer $ per active participant
$6,237Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$128.4MNet plan assets, end of year
$89,571Average balance per account
Score breakdown
- Employer generosity11.3 / 5023th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 93th |
| Employee saving | 39th |
| Peers that auto-enroll | 62% |
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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
- S & T Bank put in about $2,135 per active participant, below the typical peer ($3,606). 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 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 | $2,647,471 |
| Participant (employee) contributions | $7,733,763 |
| Other contributions (incl. rollovers in) | $1,071,572 |
| Administrative expenses paid from the plan | $37,462 |
| Benefits paid out | $15,182,946 |
| Net assets, start / end of year | $116.3M / $128.4M |
| Active participants, start / end of year | 1,260 / 1,220 |
| Participants with account balances | 1,433 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs & Co, Inc. |
| Employer stock held by plan | $13,827,385 |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $37,462 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001165744NAL0018069491001, received 2025-10-01, EIN 25-0776600, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.