Plan Ledger DOL Form 5500 · updated monthly

Propark, Inc.401(k)

PROPARK AMERICA, INC 401(K) PLAN · HARTFORD, CT · plan year 2024

Reported admin expense ratio · 2024
0.46%

Propark, Inc. reported $54,086 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. 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 0.58% to 0.46%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Connecticut (675th of 1,106), and the 1,387th of 3,341 in other services. active participation has grown from 3,454 to 5,338 since 2022.

Plan summary
Net assets, end of year$13,338,964
Participants with balances681
Active participants5,338
Employer contributions—
Employee contributions$2,559,578
Employer contribution per active participant—
Average account balance$19,587
Benefits paid to participants$1,058,679
Plan auditUnmodified (clean) audit opinion
AuditorDOWNEY & COMPANY LLP.
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 681 accts
2023$10.2M · 588 accts
2022$7.3M · 466 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,476
Investment management$32,610
Total administrative$54,086
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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$32,610
ADP, INC. · Loan processing · Recordkeeping$21,475
ADP BROKER-DEALER · Other servicesindirect comp

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, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$54,086 · 0.46%
2023$46,574 · 0.53%
2022$39,782 · 0.58%
Same employer
Similar plansOther Services · Connecticut
Galena Associates, LLC CT$15.8M · 0.60%
S. Camerota & Sons, Inc. CT$15.1M · 0.03%
The Kennedy Center, Inc. CT$13.7M · 0.71%
Harc, Inc. CT$10.9M · 1.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061278496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.