Plan Ledger DOL Form 5500 · updated monthly

P1 Group401(k)

P1 GROUP PROFIT SHARING PLAN · LENEXA, KS · plan year 2023

Reported admin expense ratio · 2023
0.38%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

P1 Group reported $119,420 in plan administrative expenses for 2023: 0.38% of average plan assets, above the peer median. Employer contributions averaged $5,355 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.35% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 195th-largest of 828 plans among Kansas employers on file, and the 1,414th of 5,337 in construction. In 2023, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,553,307
Participants with balances284
Active participants241
Employer contributions$1,290,516
Employee contributions$1,877,293
Employer contribution per active participant$5,355
Average account balance$118,145
Benefits paid to participants$4,991,796
Plan auditUnmodified (clean) audit opinion
AuditorBT & CO., P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$29.7M · 199 accts · $1.1M emplr
2023$33.6M · 284 accts · $1.3M emplr
2022$29.8M · 271 accts · $1.1M emplr
The P1 Group 401(k) match · 2023
Employer contribution per active participant$5,355
Median for plans this size$2,440
2024$6,995 per active participant
2023$5,355 per active participant
2022$4,927 per active participant

P1 Group's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
MASSACHUSETTS MUTUAL LIFE INS COMP · Investment advisory (plan)$77,293
EMPOWER ADVISORY GROUP, LLC · Investment management$25,863
COMPENSATION BENEFIT PLANNING, INC. · Contract administratorindirect comp
ERP NATIONAL LLC DBA ERP RETIREMENT · Contract administratorindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$101,738 · 0.32%
2023$119,420 · 0.38%
2022$110,502 · 0.35%
Similar plansConstruction · Kansas
Hutton Corporation KS$25.0M · 0.43%
Geiger Ready-Mix Co., Inc. KS$24.4M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431801918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.