What are the fees in the Procon, Inc. 401(k) plan?

For plan year 2022, Procon, Inc. reported $550 in plan administrative expenses, or 0.04% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Procon, Inc. 401(k) match?

In 2022, employer contributions to the Procon, Inc. plan averaged $533 per active participant, below the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Procon, Inc. 401(k)?

The average participant account balance was $28,156 for plan year 2022, based on 44 accounts.

Procon, Inc.401(k)

Name: Procon, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

PROCON, INC. 401(K) PLAN · ROCKY MOUNT, VA · plan year 2022

Reported admin expense ratio · 2022

0.04%

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

Procon, Inc. reported $550 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $533 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 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (2,153rd of 2,266), and 5,046th of 5,337 in construction. In 2022, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,238,855
Participants with balances44
Active participants175
Employer contributions$93,327
Employee contributions$147,383
Employer contribution per active participant$533
Average account balance$28,156
Benefits paid to participants$223,807
Plan auditUnmodified (clean) audit opinion
AuditorSHELTON & COMPANY, CPAS, P.C.

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$550

Total administrative$550

The Procon, Inc. 401(k) match · 2022

Employer contribution per active participant$533

Median for plans this size$1,114

Procon, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$550 · 0.04%

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Procon, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 161627389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.