Plan Ledger DOL Form 5500 · updated monthly

Preston Management, Inc.401(k)

PRESTON MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN · NEW CASTLE, PA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Preston Management, Inc. reported $114,422 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,126 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 3 years on file its reported administrative ratio has held roughly steady near 0.556%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,448th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,344th of 5,215 in retail trade. In 2024, employees put in $2.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,167,325
Participants with balances247
Active participants370
Employer contributions$416,661
Employee contributions$1,043,627
Employer contribution per active participant$1,126
Average account balance$89,746
Benefits paid to participants$1,248,862
Plan auditUnmodified (clean) audit opinion
AuditorGROSSMAN YANAK & FORD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 247 accts · $417K emplr
2023$19.0M · 221 accts · $387K emplr
2022$16.7M · 211 accts · $486K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,893
Investment management$60,529
Total administrative$114,422
The Preston Management, Inc. 401(k) match · 2024
Employer contribution per active participant$1,126
Median for plans this size$2,416
2024$1,126 per active participant
2023$1,000 per active participant
2022$1,369 per active participant

Preston Management, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INS CO USA · Recordkeeping · Investment management$4,676
CORNERSTONE ADVISORS ASSET MGT · Investment advisory (participants)$60,529

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$114,422 · 0.56%
2023$97,387 · 0.55%
2022$99,455 · 0.56%
Same employer
Similar plansRetail Trade · Pennsylvania
Duritza Enterprises, Inc. PA$22.6M · 0.64%
Bowser Automotive, Inc. PA$22.6M · 0.39%
Turn 14 Distribution, Inc. PA$22.3M · 0.49%
Westgate Chevrolet, Inc. PA$22.2M · 0.74%
Paul B. Zimmerman, Inc. PA$21.7M · 0.28%
Williams Oil Company, Inc. PA$21.5M · 0.44%
Kelly Management Corp PA$21.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251848938 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.