Plan Ledger DOL Form 5500 · updated monthly

Prohealth Group, Inc.401(k)

PROHEALTH GROUP, INC. 401K PLAN · BIRMINGHAM, AL · plan year 2023

Reported admin expense ratio · 2023
0.96%

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

Prohealth Group, Inc. reported $27,589 in plan administrative expenses for 2023: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $861 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 0.38% to 0.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Alabama (725th of 902), and 691st of 786 in management of companies. In 2023, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,300,640
Participants with balances196
Active participants239
Employer contributions$205,774
Employee contributions$328,525
Employer contribution per active participant$861
Average account balance$16,840
Benefits paid to participants$100,758
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 175 accts · $198K emplr
2023$3.3M · 196 accts · $206K emplr
2022$2.5M · 189 accts · $147K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,037
Investment management$552
Audit (IQPA)$12,000
Total administrative$27,589
The Prohealth Group, Inc. 401(k) match · 2023
Employer contribution per active participant$861
Median for plans this size$1,308
2024$1,350 per active participant
2023$861 per active participant
2022$616 per active participant

Prohealth Group, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$15,037
PROHEALTH GROUP INC · Consulting$12,000

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$28,322 · 0.95%
2023$27,589 · 0.96%
2022$9,696 · 0.38%
Same employer
Similar plansManagement of Companies · Alabama

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Source: U.S. Department of Labor, Form 5500 series, EIN 475658024 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.