Plan Ledger DOL Form 5500 · updated monthly

Professional Personnel Service, Inc.401(k)

PROFESSIONAL PERSONNEL 401(K) PLAN · KINGSPORT, TN · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Professional Personnel Service, Inc. reported $25,319 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $695 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 0.22% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Tennessee (1,226th of 1,496), and 1,757th of 2,534 in administrative & support services. In 2024, employees put in $3.05 for every $1.00 the employer contributed; active participation has shrunk from 223 to 122 since 2022.

Plan summary
Net assets, end of year$3,000,670
Participants with balances127
Active participants122
Employer contributions$84,814
Employee contributions$258,690
Employer contribution per active participant$695
Average account balance$23,627
Benefits paid to participants$491,572
Plan auditUnmodified (clean) audit opinion
AuditorBLACKBURN, CHILDERS & STEAGALL, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.0M · 127 accts · $85K emplr
2023$2.8M · 174 accts · $176K emplr
2022$2.5M · 188 accts · $173K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,938
Investment management$14,381
Total administrative$25,319
The Professional Personnel Service, Inc. 401(k) match · 2024
Employer contribution per active participant$695
Median for plans this size$1,313
2024$695 per active participant
2023$1,036 per active participant
2022$775 per active participant

Professional Personnel Service, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PCS RETIREMENT LLC · Claims processing · Contract administrator$11,455
MODERN WEALTH MANAGEMENT, LLC · Investment management$13,392

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

Recordkeeper by year2
2024PCS Retirement
2023PCS Retirement

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$25,319 · 0.87%
2023$18,664 · 0.70%
2022$5,743 · 0.22%
Same employer
Similar plansAdministrative & Support Services · Tennessee
Emory Valley Center TN$4.1M · 0.68%
Security Walls, LLC TN$3.3M · 1.09%
Super Bee Holdings, LLC TN$3.0M · 1.03%
Lusa Associates Inc. TN$2.1M · 2.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621527002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.