Plan Ledger DOL Form 5500 · updated monthly

Professional Finance Company, Inc.401(k)

PROFESSIONAL FINANCE COMPANY, INC. 401(K) PROFIT SHARING PLAN · GREELEY, CO · plan year 2022

Reported admin expense ratio · 2022
0.54%

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

Professional Finance Company, Inc. reported $52,534 in plan administrative expenses for 2022: 0.54% of average plan assets, above the peer median. Employer contributions averaged $937 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 1 year on file its reported administrative ratio fell from 0.54% to 0.48%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Colorado (854th of 1,461), and 8,481st of 11,654 in professional & technical services. In 2022, employees put in $2.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,552,054
Participants with balances113
Active participants105
Employer contributions$98,378
Employee contributions$281,850
Employer contribution per active participant$937
Average account balance$75,682
Benefits paid to participants$843,046
Plan auditUnmodified (clean) audit opinion
AuditorSTOCKMAN, KAST, RYAN AND CO
Plan history2
Yearassets · accounts · employer contribution
2023$6.7M · 94 accts · $87K emplr
2022$8.6M · 113 accts · $98K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$52,534
Total administrative$52,534
The Professional Finance Company, Inc. 401(k) match · 2022
Employer contribution per active participant$937
Median for plans this size$1,114
2023$760 per active participant
2022$937 per active participant

Professional Finance Company, Inc.'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 history2
2023$36,454 · 0.48%
2022$52,534 · 0.54%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 840997320 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.