Peopletec, Inc. 401(k) Review & Grade
Peopletec, Inc. 401(k) Plan
Huntsville, ALProfessional, Scientific & Technical Services601 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,417Employer $ per active participant
$10,257Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$83.3MNet plan assets, end of year
$122,739Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 49th |
| Employee saving | 61th |
| 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
- Peopletec put in about $5,417 per active participant, more than the typical peer ($3,082). 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 | $3,255,446 |
| Participant (employee) contributions | $6,164,171 |
| Other contributions (incl. rollovers in) | $3,288,448 |
| Administrative expenses paid from the plan | $178,798 |
| Investment advisory & management fees | $145,686 |
| Benefits paid out | $7,622,065 |
| Net assets, start / end of year | $68.8M / $83.3M |
| Active participants, start / end of year | 585 / 617 |
| Participants with account balances | 679 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett |
Largest service providers (Schedule C)
| Raymond James & Associates Inc | $120,833 reported compensation |
| Empower Annuity Insurance Company O | $71,395 reported compensation |
| Empower Advisory Group, LLC | $24,853 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013102622NAL0001107153001, received 2025-10-13, EIN 20-2320135, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.