Pinnergy, LTD. 401(k) Review & Grade
Pinnergy, LTD. 401(k) Plan
Austin, TXConstruction508 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$306Employer $ per active participant
$1,746Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
$30,036Average balance per account
Score breakdown
- Employer generosity5.2 / 5010th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 20th |
| Employee saving | 18th |
| Peers that auto-enroll | 44% |
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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
- Pinnergy put in about $306 per active participant, below the typical peer ($1,672). 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 (0.56% 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.
- 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 | $155,211 |
| Participant (employee) contributions | $885,955 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $47,571 |
| Investment advisory & management fees | $35,458 |
| Benefits paid out | $576,182 |
| Net assets, start / end of year | $7.9M / $9.2M |
| Active participants, start / end of year | 479 / 536 |
| Participants with account balances | 306 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plancheck Cpas, LLC |
Largest service providers (Schedule C)
| Wellth Advisory Services LLC | $18,372 reported compensation |
| Global Retirement Partners LLC | $17,086 reported compensation |
| Fidelity Investments Institutional | $12,113 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250610142645NAL0014877073001, received 2025-06-10, EIN 75-2409786, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.