Plan Ledger DOL Form 5500 · updated monthly

Pbs Peo Services, LLC401(k)

PBS PEO SERVICES, LLC RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2023

Reported admin expense ratio · 2023
1.87%

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

Pbs Peo Services, LLC reported $41,187 in plan administrative expenses for 2023: 1.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $672 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 1.83% to 1.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Alabama (772nd of 902), and 1,856th of 2,534 in administrative & support services. In 2023, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,422,930
Participants with balances112
Active participants252
Employer contributions$169,462
Employee contributions$412,477
Employer contribution per active participant$672
Average account balance$21,633
Benefits paid to participants$254,651
Plan auditUnmodified (clean) audit opinion
AuditorMDA PROFESSIONAL GROUP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$22K · 3 accts
2023$2.4M · 112 accts · $169K emplr
2022$2.0M · 114 accts · $163K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,187
Total administrative$41,187
The Pbs Peo Services, LLC 401(k) match · 2023
Employer contribution per active participant$672
Median for plans this size$1,308
2023$672 per active participant
2022$608 per active participant

Pbs Peo Services, LLC's 2023 employer contribution ran below the $1,308 median for plans its size. 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 · 20232
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$30,498
ERISA SPECIALISTS, LLC · Recordkeeping · Loan processing$6,575

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

Recordkeeper by year2
2024Transamerica
2023ERISA SPECIALISTS, LLC, Transamerica

This plan has changed recordkeepers within these filings. If you left Pbs Peo Services, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,094 · 1.48%
2023$41,187 · 1.87%
2022$37,635 · 1.83%
Same employer
Similar plansAdministrative & Support Services · Alabama
Redtown, LLC AL$3.4M · 0.85%
Dothan Security, Inc. AL$2.2M · 2.14%
Itac Solutions AL$1.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814175750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.