Plan Ledger DOL Form 5500 · updated monthly

Priority Acquisition Company LLC401(k)

PRIORITY 401(K)/PROFIT SHARING PLAN · SHEBOYGAN, WI · plan year 2023

Reported admin expense ratio · 2023
0.14%

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

Priority Acquisition Company LLC reported $7,043 in plan administrative expenses for 2023: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,081 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.

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 Wisconsin (1,566th of 1,936), and 9,514th of 11,654 in professional & technical services. In 2023, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,697,063
Participants with balances124
Active participants117
Employer contributions$243,527
Employee contributions$618,523
Employer contribution per active participant$2,081
Average account balance$45,944
Benefits paid to participants$492,095
Plan auditUnmodified (clean) audit opinion
AuditorMEICHER CPAS
Plan history2
Yearassets · accounts · employer contribution
2024$0 · $246K emplr
2023$5.7M · 124 accts · $244K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,350
Investment management$2,493
Total administrative$7,043
The Priority Acquisition Company LLC 401(k) match · 2023
Employer contribution per active participant$2,081
Median for plans this size$1,308
2024$2,534 per active participant
2023$2,081 per active participant

Priority Acquisition Company LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
WELLS FARGO CLEARING SERVICES LLCindirect comp
VOYA RETIREMENT INS. & ANNUITY · 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
2024Not separately reported
2023$7,043 · 0.14%
Same employer
Similar plansProfessional & Technical Services · Wisconsin
Bizlab, Inc. WI$6.2M · 0.53%
Rausch Sturm LLP WI$5.9M · 0.12%
Inoc Inc. WI$5.6M · 0.03%
Animart, LLC WI$4.2M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 854091454 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.