Plan Ledger DOL Form 5500 · updated monthly

Prog Holdings, Inc.401(k)

PROG HOLDINGS EMPLOYEE RETIREMENT PLAN · DRAPER, UT · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Prog Holdings, Inc. reported $94,365 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $2,304 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 fell from 0.20% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 118th-largest of 848 plans among Utah employers on file, and the 1,304th of 4,798 in finance & insurance. In 2024, employees put in $2.04 for every $1.00 the employer contributed; active participation has shrunk from 1,668 to 1,416 since 2022.

Plan summary
Net assets, end of year$69,601,254
Participants with balances1,034
Active participants1,416
Employer contributions$3,263,161
Employee contributions$6,663,213
Employer contribution per active participant$2,304
Average account balance$67,313
Benefits paid to participants$10,319,220
Plan auditUnmodified (clean) audit opinion
AuditorCARR, RIGGS AND INGRAM L.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$69.6M · 1,034 accts · $3.3M emplr
2023$60.0M · 1,065 accts · $3.3M emplr
2022$45.9M · 1,057 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,141
Investment management$224
Total administrative$94,365
The Prog Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$2,304
Median for plans this size$3,635
2024$2,304 per active participant
2023$2,048 per active participant
2022$2,000 per active participant

Prog Holdings, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,122

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$94,365 · 0.15%
2023$102,068 · 0.19%
2022$93,362 · 0.20%
Same employer
Similar plansFinance & Insurance · Utah
Bou Bancorp, Inc. UT$75.1M · 0.01%
Sp Holding Enterprises Corp UT$72.8M · 0.24%
Fred a. Moreton & Company UT$66.5M · 0.46%
Central Bank UT$63.7M · 0.02%
Utah Community Credit Union UT$38.8M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 852484385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.