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Grade My 401(k)
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1 issue

The Pnc Financial Services Group, Inc.

25-1435979· Pittsburgh, PA· Alight Solutions· 2024 filing· vs 3 plans your size
C
0/100
Overall grade

Middle of the pack, with clear ways to do better.

C
Fees
B
Financial Wellness
F
Plan design
B
Compliance
Fees

Your plan pays around 8 bps of assets per year. Similar plans pay around 8 bps. Your plan is about average for plans this size.

C
cheaper50th percentilepricier
Financial Wellness

Middle-of-the-pack savings. Employees put away $7,663/employee a year. That's about average for plans this size.

B
lower72th percentilehigher
Plan design

No employer match or contribution, the feature that matters most for savings.

F
No employer match
No match is reported. A match is the top reason employees enroll and contribute. 92% of similar plans offer one.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Safe harbor not reported
The filing does not establish whether this plan uses a safe harbor design, so it does not affect the grade.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health

1 item to review, nothing critical.

B
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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Alight Solutions

No provider notes available.

Key insights

  • Strongest area: compliance & health. 1 item to review, nothing critical.
  • Best place to improve: plan design. No employer match or contribution, the feature that matters most for savings.
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