Phoebe-Devitt Homes 401(k) Review & Grade
Phoebe-Devitt Homes 401(k) Retirement Savings Plan
Allentown, PAOther Services1,005 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,206Employer $ per active participant
$1,941Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$39.5MNet plan assets, end of year
$32,996Average balance per account
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 27th |
| Employee saving | 39th |
| Peers that auto-enroll | 40% |
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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
- Phoebe-Devitt Homes put in about $1,206 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (0.44% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,212,087 |
| Participant (employee) contributions | $1,950,904 |
| Other contributions (incl. rollovers in) | $200,604 |
| Administrative expenses paid from the plan | $165,552 |
| Contract administrator fees | $151,566 |
| Investment advisory & management fees | $13,986 |
| Benefits paid out | $3,523,402 |
| Net assets, start / end of year | $35.8M / $39.5M |
| Active participants, start / end of year | 990 / 1,020 |
| Participants with account balances | 1,197 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Campbell, Rappold and Yurasits |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $151,566 reported compensation |
| New Edge Wealth | $14,005 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015145206NAL0010176786001, received 2025-10-15, EIN 23-1396838, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.