Pyramid Advisors Limited Partnership 401(k) Review & Grade
Pyramid Advisors 401(k) Plan
Boston, MAAccommodation & Food Services17,853 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$515Employer $ per active participant
$1,398Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$246.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity32.5 / 5065th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 17th |
| Employee saving | 68th |
| Peers that auto-enroll | 24% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $864,232 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pyramid Advisors Limited Partnership put in about $515 per active participant, more than the typical peer ($393). 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 (0.21% of assets) are well above similar-size plans (0.09%). 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 | $9,201,033 |
| Participant (employee) contributions | $24,954,433 |
| Other contributions (incl. rollovers in) | $11,747,184 |
| Administrative expenses paid from the plan | $463,947 |
| Investment advisory & management fees | $2,341 |
| Other admin expenses | $212,623 |
| Benefits paid out | $28,178,396 |
| Net assets, start / end of year | $203.2M / $246.8M |
| Active participants, start / end of year | 14,378 / 21,328 |
| Participants with account balances | 6,731 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $229,323 reported compensation |
| Caron & Bletzer PLLC | $15,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013105924NAL0001155729001, received 2025-10-13, EIN 04-3505086, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.