Plan Ledger DOL Form 5500 · updated monthly

Preston Health Services, Inc.401(k)

PRESTON HEALTH SERVICES, INC. RETIREMENT PLAN · CENTRE, AL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Preston Health Services, Inc. reported $26,560 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $714 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 0.34% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Alabama (483rd of 902), and 8,253rd of 11,654 in professional & technical services. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has grown from 408 to 695 since 2022.

Plan summary
Net assets, end of year$9,214,284
Participants with balances377
Active participants695
Employer contributions$496,260
Employee contributions$831,350
Employer contribution per active participant$714
Average account balance$24,441
Benefits paid to participants$926,716
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 377 accts · $496K emplr
2023$7.2M · 364 accts · $431K emplr
2022$6.3M · 327 accts · $365K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,560
Audit (IQPA)$11,000
Total administrative$26,560
The Preston Health Services, Inc. 401(k) match · 2024
Employer contribution per active participant$714
Median for plans this size$1,313
2024$714 per active participant
2023$876 per active participant
2022$894 per active participant

Preston Health Services, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BLACK & PINCKARD, LLC$11,000

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$26,560 · 0.32%
2023$22,224 · 0.33%
2022$18,390 · 0.34%
Same employer
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Griffon Aerospace, Inc. AL$8.9M · 0.62%
Goodwyn Partners, LLC AL$8.5M · 0.79%
Summit 7 Systems, LLC AL$8.5M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203000448 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.