Plan Ledger DOL Form 5500 · updated monthly

Profitsolv Purchaser, Inc.401(k)

PROFITSOLV PURCHASER, INC. 401(K) PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Profitsolv Purchaser, Inc. reported $97,894 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,613 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 3 years on file its reported administrative ratio has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 494th-largest of 1,496 plans among Tennessee employers on file, and the 4,945th of 11,654 in professional & technical services. In 2024, employees put in $3.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,706,806
Participants with balances195
Active participants239
Employer contributions$385,580
Employee contributions$1,450,035
Employer contribution per active participant$1,613
Average account balance$121,573
Benefits paid to participants$1,617,329
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 195 accts · $386K emplr
2023$20.0M · 214 accts · $481K emplr
2022$14.1M · 178 accts · $447K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,651
Investment management$60,243
Total administrative$97,894
The Profitsolv Purchaser, Inc. 401(k) match · 2024
Employer contribution per active participant$1,613
Median for plans this size$2,416
2024$1,613 per active participant
2023$1,925 per active participant
2022$1,933 per active participant

Profitsolv Purchaser, Inc.'s 2024 employer contribution ran below the $2,416 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
MARINER WEALTH ADVISORS, LLC · Recordkeeping · Trustee$60,242
ADP, INC. · Recordkeeping$37,650

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

Recordkeeper by year2
2024ADP, MARINER WEALTH ADVISORS, LLC
2023ADP, MARINER RETIREMENT ADVISORS, LLC, MARINER WEALTH ADVISORS, LLC

This plan has changed recordkeepers within these filings. If you left Profitsolv Purchaser, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,894 · 0.45%
2023$78,941 · 0.46%
2022$68,620 · 0.47%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Pickering, Inc. TN$24.2M · 0.55%
Ncontracts LLC TN$23.9M · 0.34%
Nokian Tyres, Inc. TN$23.9M · 0.16%
Pophealthcare, LLC TN$20.0M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850811341 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.