Plan Ledger DOL Form 5500 · updated monthly

Proficient Auto, Inc. dba Proficient Auto Transport401(k)

PROFICIENT AUTO, INC. DBA PROFICIENT AUTO TRANSPORT 401(K) PROFIT SHARING PLAN · JACKSONVILLE, FL · plan year 2023

Reported admin expense ratio · 2023
0.18%

Proficient Auto, Inc. dba Proficient Auto Transport reported $5,242 in plan administrative expenses for 2023: 0.18% of average plan assets, lower than ~75% of peers. 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 fell from 0.033% to 0.027%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (2,858th of 3,644), and 10,479th of 11,654 in professional & technical services. active participation has shrunk from 138 to 112 since 2022.

Plan summary
Net assets, end of year$3,172,405
Participants with balances166
Active participants112
Employer contributions—
Employee contributions$538,174
Employer contribution per active participant—
Average account balance$19,111
Benefits paid to participants$443,366
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 158 accts · $117K emplr
2023$3.2M · 166 accts
2022$2.8M · 158 accts · $295K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,242
Total administrative$5,242
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 · 20234
MAI CAPITAL MANAGEMENT LLC · Investment advisory (plan)$10,316
THE RETIREMENT ADVANTAGE INC · Contract administrator$2,525
EMPOWER ADVISORY GROUP, LLC · Investment management$352

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

Administrative cost history3
2024$858 · 0.03%
2023$5,242 · 0.18%
2022$772 · 0.03%
Same employer
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Healthcare Inc FL$3.3M · 0.27%
REV1 Power Services, Inc. FL$3.3M · 0.71%
Springbig, Inc. FL$3.2M · 0.48%
Advanced IT Concepts FL$2.9M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201693247 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.