Planned Companies Holding, Inc 401(k) Review & Grade
Planned Companies 401(k) Plan
Parsippany, NJReal Estate & Rental3,962 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$82Employer $ per active participant
$335Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$11.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 37th |
| Employee saving | 2th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $208,711 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Planned Companies Holding put in about $82 per active participant, below the typical peer ($1,141). 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 (0.19% of assets) are well above similar-size plans (0.12%). 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 | $325,524 |
| Participant (employee) contributions | $1,328,375 |
| Other contributions (incl. rollovers in) | $52,731 |
| Administrative expenses paid from the plan | $19,079 |
| Other admin expenses | $7,859 |
| Benefits paid out | $715,496 |
| Net assets, start / end of year | $9.2M / $11.2M |
| Active participants, start / end of year | 4,167 / 3,756 |
| Participants with account balances | 467 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kaufman Rossin & Co., P.A. |
Largest service providers (Schedule C)
| Jpmorgan Invest Holdings LLC | $9,629 reported compensation |
| Kaufman Rossin & Co P.A. | $9,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006095151NAL0003446353001, received 2025-10-06, EIN 37-1559272, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.