Plan Ledger DOL Form 5500 · updated monthly

Procare Software LLC401(k)

PROCARE SOFTWARE LLC 401(K) PLAN · MEDFORD, OR · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Procare Software LLC reported $70,204 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $3,258 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 has held roughly steady near 0.289%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 306th-largest of 1,021 plans among Oregon employers on file, and the 848th of 2,199 in information & media. In 2023, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,782,538
Participants with balances526
Active participants407
Employer contributions$1,325,877
Employee contributions$2,836,480
Employer contribution per active participant$3,258
Average account balance$50,917
Benefits paid to participants$3,697,375
Plan auditUnmodified (clean) audit opinion
AuditorBROCK AND COMPANY CPAS P. C.
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $251K emplr
2023$26.8M · 526 accts · $1.3M emplr
2022$21.9M · 505 accts · $1.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$70,204
Total administrative$70,204
The Procare Software LLC 401(k) match · 2023
Employer contribution per active participant$3,258
Median for plans this size$2,440
2023$3,258 per active participant
2022$3,941 per active participant

Procare Software LLC's 2023 employer contribution ran above the $2,440 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 · 20231
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$70,204

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Procare Software LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$70,204 · 0.29%
2022$54,340 · 0.29%
Same employer
Similar plansInformation & Media · Oregon
Cascade Utilities, Inc. OR$35.9M · 0.17%
Alpha Media, LLC OR$34.1M · 0.50%
Jama Software, Inc OR$30.2M · 0.39%
Collegenet, Inc. OR$28.6M · 0.01%
Revinate LLC OR$23.3M · 0.29%
Blackstone Audio OR$15.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931098604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.