Plan Ledger DOL Form 5500 · updated monthly

Pra Employment, LLC401(k)

PRA EMPLOYMENT, LLC 401(K) PLAN · DANBURY, CT · plan year 2023

Reported admin expense ratio · 2023
0.85%

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

Pra Employment, LLC reported $45,532 in plan administrative expenses for 2023: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $159 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 has held roughly steady near 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Connecticut (883rd of 1,106), and the 809th of 2,240 in accommodation & food services. In 2023, employees put in $8.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,814,883
Participants with balances120
Active participants134
Employer contributions$21,362
Employee contributions$178,742
Employer contribution per active participant$159
Average account balance$48,457
Benefits paid to participants$292,420
Plan auditUnmodified (clean) audit opinion
AuditorDELPIZZO AND ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2023$5.8M · 120 accts · $21K emplr
2022$4.9M · 101 accts · $13K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,490
Investment management$1,042
Total administrative$45,532
The Pra Employment, LLC 401(k) match · 2023
Employer contribution per active participant$159
Median for plans this size$1,308
2023$159 per active participant
2022$146 per active participant

Pra Employment, LLC's 2023 employer contribution ran below the $1,308 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 · 20231
JOHN HANCOCK · Recordkeeping · Investment advisory (participants)$44,494

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

Administrative cost history2
2023$45,532 · 0.85%
2022$48,655 · 0.88%
Similar plansAccommodation & Food Services · Connecticut
Dgg Properties Co., Inc CT$9.1M · 0.56%
Max Hospitality, LLC CT$4.7M · 1.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 453800153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.