Plan Ledger DOL Form 5500 · updated monthly

Prime Communications, L.P.401(k)

CELL PHONE COMPANY EMPLOYEE 401(K) SAVINGS PLAN · SUGAR LAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Prime Communications, L.P. reported $344,086 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $297 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 1 year on file its reported administrative ratio rose from 0.63% to 0.79%. 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 1,137th-largest of 5,688 plans among Texas employers on file, and the 701st of 5,215 in retail trade. In 2024, employees put in $2.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$45,472,637
Participants with balances2,907
Active participants7,860
Employer contributions$2,334,101
Employee contributions$6,046,840
Employer contribution per active participant$297
Average account balance$15,642
Benefits paid to participants$9,858,408
Plan auditUnmodified (clean) audit opinion
AuditorWEINSTEIN SPIRA & COMPANY, P.C.
Plan history2
Yearassets · accounts · employer contribution
2024$45.5M · 2,907 accts · $2.3M emplr
2023$41.4M · 1,882 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$280,408
Investment management$63,678
Total administrative$344,086
The Prime Communications, L.P. 401(k) match · 2024
Employer contribution per active participant$297
Median for plans this size$2,416
2024$297 per active participant
2023$294 per active participant

Prime Communications, L.P.'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$281,182
MERRILL LYNCH · Investment advisory (plan)$43,514
HAYNES AND BOONE, LLP · Investment advisory (plan)$20,163
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history2
2024$344,086 · 0.79%
2023$235,690 · 0.63%
Same employer
Similar plansRetail Trade · Texas
Conn Appliances, Inc. TX$49.6M · 0.49%
Cavender Stores, LTD. TX$48.5M · 0.05%
Tropacaval Media, LLC TX$46.4M · 0.80%
Tuesday Morning, Inc. TX$42.9M · 0.07%
Soleo Health Holdings, Inc. TX$42.0M · 0.37%
Tony Gullo Motors, I, LP TX$41.5M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760603404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.