Plan Ledger DOL Form 5500 · updated monthly

Park Holding (Phi) Service, LLC401(k)

PARK HOLDING 401(K) SAVINGS PLAN · ATLANTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.95%

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

Park Holding (Phi) Service, LLC reported $101,165 in plan administrative expenses for 2023: 0.95% of average plan assets, higher than ~90% of peers. Employer contributions averaged $860 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 1 year on file its reported administrative ratio fell from 1.11% to 0.95%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Georgia (1,140th of 2,160), and the 1,051st of 2,677 in transportation & warehousing. In 2023, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,840,353
Participants with balances687
Active participants651
Employer contributions$559,883
Employee contributions$1,139,957
Employer contribution per active participant$860
Average account balance$17,235
Benefits paid to participants$895,113
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $123K emplr
2023$11.8M · 687 accts · $560K emplr
2022$9.5M · 620 accts · $454K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$57,840
Audit (IQPA)$17,955
Total administrative$101,165
The Park Holding (Phi) Service, LLC 401(k) match · 2023
Employer contribution per active participant$860
Median for plans this size$2,440
2023$860 per active participant
2022$760 per active participant

Park Holding (Phi) Service, LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 · 20233
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$57,840
ONE DIGITAL · Other services$25,370
BENNETT THRASHER · Accounting / audit$17,955

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

Administrative cost history3
2024Not separately reported
2023$101,165 · 0.95%
2022$112,784 · 1.11%
Same employer
Similar plansTransportation & Warehousing · Georgia
Parkmobile, LLC GA$14.1M · 0.22%
Pak Lite GA$11.8M · 0.45%
John S. James Co. GA$11.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813585654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.