Plan Ledger DOL Form 5500 · updated monthly

Professional Credit Holding Company401(k)

PROFESSIONAL CREDIT 401(K) PLAN · VANCOUVER, WA · plan year 2022

Reported admin expense ratio · 2022
0.90%

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

Professional Credit Holding Company reported $36,525 in plan administrative expenses for 2022: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $968 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 finance & insurance employers. By assets it is among the smaller plans on file in Washington (1,464th of 1,714), and 4,561st of 4,798 in finance & insurance. In 2022, employees put in $3.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,432,823
Participants with balances93
Active participants108
Employer contributions$104,546
Employee contributions$384,041
Employer contribution per active participant$968
Average account balance$36,912
Benefits paid to participants$982,117
Plan auditUnmodified (clean) audit opinion
AuditorBVAL CPAS & ADVISORS, LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$17,424
Investment management$18,301
Total administrative$36,525
The Professional Credit Holding Company 401(k) match · 2022
Employer contribution per active participant$968
Median for plans this size$1,114

Professional Credit Holding Company's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$36,525 · 0.90%
Same employer
Similar plansFinance & Insurance · Washington
Savibank WA$7.2M · 0.50%
Community Bank WA$6.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930586455 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.