Peak Resources, Inc. 401(k) Review & Grade
Peak Resources, Inc. 401(k) Plan
Cary, NCHealth Care & Social Assistance516 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,032Employer $ per active participant
$1,579Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$11.0MNet plan assets, end of year
$39,328Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 65th |
| Employee saving | 35th |
| Peers that auto-enroll | 36% |
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
- Peak Resources put in about $1,032 per active participant, more than the typical peer ($976). 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 | $532,542 |
| Participant (employee) contributions | $814,611 |
| Other contributions (incl. rollovers in) | $961 |
| Administrative expenses paid from the plan | $14,448 |
| Contract administrator fees | $11,512 |
| Benefits paid out | $1,213,335 |
| Net assets, start / end of year | $9.6M / $11.0M |
| Active participants, start / end of year | 550 / 482 |
| Participants with account balances | 280 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sorren Cpas P.C. |
Largest service providers (Schedule C)
| Qrps, Inc. | $11,512 reported compensation |
| Capital Group Retirement Plan Servi | $6,535 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260709082159NAL0000052384001, received 2026-07-09, EIN 55-0840723, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.