Pizza Properties, Inc. 401(k) Review & Grade
Pizza Properties, Inc. 401(k) Plan and Trust
El Paso, TXAccommodation & Food Services850 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,403Employer $ per active participant
$1,594Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$37.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost9.1 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 37th |
| Employee saving | 77th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $21,756 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pizza Properties put in about $1,403 per active participant, more than the typical peer ($266). 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 | $1,192,403 |
| Participant (employee) contributions | $1,354,572 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $116,050 |
| Contract administrator fees | $77,550 |
| Investment advisory & management fees | $24,000 |
| Benefits paid out | $1,657,619 |
| Net assets, start / end of year | $31.8M / $37.1M |
| Active participants, start / end of year | 894 / 806 |
| Participants with account balances | 343 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lauterbach, Borschow & Company |
Largest service providers (Schedule C)
| Lincoln National Corporation | $77,550 reported compensation |
| NFP Retirement, Inc. | $24,000 reported compensation |
| Lauterbach, Borschow | $14,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011161301NAL0008593585001, received 2025-10-11, EIN 74-2221820, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.