Pedcor Management Corp. 401(k) Review & Grade
Pedcor Companies 401(k) Plan
Carmel, INFinance & Insurance1,098 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$535Employer $ per active participant
$2,964Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$46.5MNet plan assets, end of year
$83,257Average balance per account
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 38th |
| Employee saving | 6th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Pedcor Management put in about $535 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.
- 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 | $587,340 |
| Participant (employee) contributions | $3,255,742 |
| Other contributions (incl. rollovers in) | $217,647 |
| Administrative expenses paid from the plan | $138,013 |
| Contract administrator fees | $85,644 |
| Investment advisory & management fees | $52,369 |
| Benefits paid out | $2,494,457 |
| Net assets, start / end of year | $39.1M / $46.5M |
| Active participants, start / end of year | 1,120 / 1,077 |
| Participants with account balances | 558 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dauby, O'connor & Zaleski, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $85,644 reported compensation |
| Onedigital Investment Advisors LLC | $33,886 reported compensation |
| Empower Advisory Group, LLC | $18,483 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014190629NAL0001763571001, received 2025-10-14, EIN 35-1722212, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.