P.C. Richard & Son Long Island Corp 401(k) Review & Grade
P.C. Richard & Son 401(k) Savings Plan
Farmingdale, NYRetail Trade1,963 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,617Employer $ per active participant
$4,053Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$209.6MNet plan assets, end of year
$134,780Average balance per account
Score breakdown
- Employer generosity38.9 / 5078th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 75th |
| Employee saving | 66th |
| Peers that auto-enroll | 48% |
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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
- P.C. Richard & Son Long Island put in about $1,617 per active participant, more than the typical peer ($743). 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 | $3,174,099 |
| Participant (employee) contributions | $7,956,062 |
| Other contributions (incl. rollovers in) | $5,465 |
| Administrative expenses paid from the plan | $192,994 |
| Investment advisory & management fees | $81,695 |
| Other admin expenses | $758 |
| Benefits paid out | $19,022,643 |
| Net assets, start / end of year | $192.8M / $209.6M |
| Active participants, start / end of year | 1,976 / 1,950 |
| Participants with account balances | 1,555 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Giambalvo, Stalzer & Company, Cpas |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $110,541 reported compensation |
| Capfinancial Partners LLC | $84,572 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140808NAL0006334546001, received 2025-10-14, EIN 11-2128677, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.