Plan Ledger DOL Form 5500 · updated monthly

Priorityone Capital Corporation401(k)

PRIORITYONE CAPITAL CORPORATION 401(K) PROFIT SHARING TRUST · MAGEE, MS · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Priorityone Capital Corporation reported $64,292 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,602 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 rose from 0.02% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 137th-largest of 367 plans among Mississippi employers on file, and 3,684th of 4,798 in finance & insurance. In 2024, employees put in $2.39 for every $1.00 the employer contributed; active participation has grown from 218 to 242 since 2022.

Plan summary
Net assets, end of year$13,009,903
Participants with balances267
Active participants242
Employer contributions$387,588
Employee contributions$925,117
Employer contribution per active participant$1,602
Average account balance$48,726
Benefits paid to participants$1,222,388
Plan auditUnmodified (clean) audit opinion
AuditorHORNE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 267 accts · $388K emplr
2023$11.5M · 258 accts · $317K emplr
2022$9.7M · 253 accts · $325K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,308
Investment management$34,984
Total administrative$64,292
The Priorityone Capital Corporation 401(k) match · 2024
Employer contribution per active participant$1,602
Median for plans this size$2,416
2024$1,602 per active participant
2023$1,377 per active participant
2022$1,491 per active participant

Priorityone Capital Corporation's 2024 employer contribution ran below the $2,416 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 · 20242
FNBB CAPITAL MARKETS LLC · Investment advisory (plan)$34,984
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$29,308

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$64,292 · 0.52%
2023$47,865 · 0.45%
2022$2,139 · 0.02%
Similar plansFinance & Insurance · Mississippi
Citizens Bank MS$17.0M · 0.00%
First Bank MS$16.4M · 0.68%
Peoples Bank of Mendenhall MS$13.8M · 0.04%
Merchants & Marine Bank MS$11.0M · 0.23%
Southwest Security, Inc. MS$10.0M · 0.96%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640672305 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.