Plan Ledger DOL Form 5500 · updated monthly

Probity, Inc.401(k)

PROBITY INC. 401(K) PROFIT SHARING PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Probity, Inc. reported $124,577 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $18,985 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 0.01% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 486th-largest of 2,266 plans among Virginia employers on file, and the 2,738th of 11,654 in professional & technical services. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$50,532,025
Participants with balances192
Active participants143
Employer contributions$2,714,851
Employee contributions$2,120,348
Employer contribution per active participant$18,985
Average account balance$263,188
Benefits paid to participants$5,163,275
Plan auditUnmodified (clean) audit opinion
AuditorLOMBARDO AYERS & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$50.5M · 192 accts · $2.7M emplr
2023$42.7M · 193 accts · $2.4M emplr
2022$33.6M · 180 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,577
Total administrative$124,577
The Probity, Inc. 401(k) match · 2024
Employer contribution per active participant$18,985
Median for plans this size$2,416
2024$18,985 per active participant
2023$16,961 per active participant
2022$16,104 per active participant

Probity, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$124,577
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
AMERIPRISE FINANCIAL SERVICES INC · Other servicesindirect comp
NEWPORT GROUP INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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 history3
2024$124,577 · 0.27%
2023$11,950 · 0.03%
2022$2,928 · 0.01%
All plans at this employer2
PROBITY, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
PROBITY INC. 401(K) PROFIT SHARING PLAN401(k)
Same employer
Similar plansProfessional & Technical Services · Virginia
Sands Anderson PC VA$51.1M · 0.21%
Management Concepts VA$50.9M · 0.15%
Ad Hoc LLC VA$49.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472933881 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.