Plan Ledger DOL Form 5500 · updated monthly

Pro Services, Inc401(k)

PRO SERVICES, INC. 401(K) PLAN · PORTAGE, MI · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Pro Services, Inc reported $15,187 in plan administrative expenses for 2024: 0.38% of average plan assets, below the peer median. Employer contributions averaged $1,671 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 0.85% to 0.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (2,107th of 2,619), and 4,194th of 5,337 in construction. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has shrunk from 192 to 164 since 2022.

Plan summary
Net assets, end of year$4,143,020
Participants with balances141
Active participants164
Employer contributions$273,995
Employee contributions$567,246
Employer contribution per active participant$1,671
Average account balance$29,383
Benefits paid to participants$1,017,044
Plan auditUnmodified (clean) audit opinion
AuditorBRINK KEY CHLUDZINSKI P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 141 accts · $274K emplr
2023$3.8M · 104 accts · $212K emplr
2022$3.0M · 105 accts · $219K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,780
Investment management$9,407
Total administrative$15,187
The Pro Services, Inc 401(k) match · 2024
Employer contribution per active participant$1,671
Median for plans this size$1,313
2024$1,671 per active participant
2023$1,226 per active participant
2022$1,139 per active participant

Pro Services, Inc's 2024 employer contribution ran above 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 · 20243
M. HOLDINGS SECURITIES, INC. · Recordkeeping · Trustee$9,407
ADP, INC. · Recordkeeping$5,780
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, M. HOLDINGS SECURITIES, INC.
2023ADP, M. HOLDINGS SECURITIES, INC.

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Administrative cost history3
2024$15,187 · 0.38%
2023$9,801 · 0.29%
2022$27,218 · 0.85%
Same employer
Similar plansConstruction · Michigan
1-800 Hansons, LLC MI$3.7M · 1.09%
The Service Professor LLC MI$3.7M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383637535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.