Penn Engineering & Manufacturing 401(k) Review & Grade
Penn Engineering 401(k) Plan
Danboro, PAManufacturing907 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,596Employer $ per active participant
$6,635Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$164.1MNet plan assets, end of year
$124,291Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 48th |
| Employee saving | 70th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,538 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Penn Engineering & Manufacturing put in about $4,596 per active participant, more than the typical peer ($2,320). 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 | $4,168,932 |
| Participant (employee) contributions | $6,018,273 |
| Other contributions (incl. rollovers in) | $1,374,271 |
| Administrative expenses paid from the plan | $385,853 |
| Contract administrator fees | $249,799 |
| Investment advisory & management fees | $132,054 |
| Other admin expenses | $4,000 |
| Benefits paid out | $18,202,118 |
| Net assets, start / end of year | $151.2M / $164.1M |
| Active participants, start / end of year | 914 / 900 |
| Participants with account balances | 1,320 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith & Brown PC |
Largest service providers (Schedule C)
| Resources Inv. Adv. FCT Stone ST | $125,854 reported compensation |
| Withum Smith Brown | $5,200 reported compensation |
| Voya Retirement Insurance & Annuity | $1,041 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151131NAL0000750563001, received 2025-10-13, EIN 23-0951065, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.