Plan Ledger DOL Form 5500 · updated monthly

Pearl River Technologies LLC401(k)

PEARL RIVER TECHNOLOGIES LLC 401(K) PLAN · MELBOURNE, FL · plan year 2023

Reported admin expense ratio · 2023
1.01%

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

Pearl River Technologies LLC reported $72,165 in plan administrative expenses for 2023: 1.01% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,143 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 rose from 0.53% to 1.00%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,045th of 3,644), and 8,751st of 11,654 in professional & technical services. In 2023, employees put in $2.16 for every $1.00 the employer contributed; active participation has shrunk from 119 to 62 since 2022.

Plan summary
Net assets, end of year$7,827,369
Participants with balances131
Active participants62
Employer contributions$256,871
Employee contributions$555,925
Employer contribution per active participant$4,143
Average account balance$59,751
Benefits paid to participants$847,659
Plan auditUnmodified (clean) audit opinion
AuditorHILL, FOGG, AND ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 118 accts · $201K emplr
2023$7.8M · 131 accts · $257K emplr
2022$6.4M · 149 accts · $276K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$72,165
Total administrative$72,165
The Pearl River Technologies LLC 401(k) match · 2023
Employer contribution per active participant$4,143
Median for plans this size$1,308
2024$3,462 per active participant
2023$4,143 per active participant
2022$2,319 per active participant

Pearl River Technologies LLC's 2023 employer contribution ran above the $1,308 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 · 20231
JOHN HANCOCK LIFE INSURANCE CO. USA · Recordkeeping · Investment management$1,697

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$73,546 · 1.00%
2023$72,165 · 1.01%
2022$38,274 · 0.53%
Similar plansProfessional & Technical Services · Florida
C.A.P. Government, Inc. FL$7.7M · 0.58%
Forcura, LLC FL$7.6M · 0.09%
Nationsbenefits LLC FL$7.6M · 1.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463696575 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.