PSC Group LLC 401(k) Review & Grade
PSC Group 401(k) Plan
Baton Rouge, LATransportation & Warehousing4,566 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,108Employer $ per active participant
$4,304Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$219.6MNet plan assets, end of year
$40,952Average balance per account
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 29th |
| Employee saving | 52th |
| Peers that auto-enroll | 46% |
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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
- PSC Group put in about $2,108 per active participant, more than the typical peer ($1,834). 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.
- Direct plan expenses (0.24% 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.
- 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 | $9,627,350 |
| Participant (employee) contributions | $19,652,944 |
| Other contributions (incl. rollovers in) | $3,328,251 |
| Administrative expenses paid from the plan | $494,572 |
| Other admin expenses | $44,413 |
| Benefits paid out | $28,641,193 |
| Net assets, start / end of year | $188.6M / $219.6M |
| Active participants, start / end of year | 4,269 / 4,863 |
| Participants with account balances | 5,363 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hawthorn, Waymouth & Carroll, L.L.P |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $374,482 reported compensation |
| Creative Planning LLC | $42,127 reported compensation |
| Hawthorn, Waymouth & Carroll LLP | $14,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930114503NAL0029238434001, received 2025-09-30, EIN 83-4157485, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.