Plan Ledger DOL Form 5500 · updated monthly

Proserv Operations, LLC401(k)

PROSERV 401(K) PLAN · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.69%

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

Proserv Operations, LLC reported $94,550 in plan administrative expenses for 2023: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,495 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 0.65% to 0.72%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,401st-largest of 5,688 plans among Texas employers on file, and 7,014th of 13,661 in manufacturing. In 2023, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,279,739
Participants with balances301
Active participants165
Employer contributions$411,642
Employee contributions$1,238,285
Employer contribution per active participant$2,495
Average account balance$50,763
Benefits paid to participants$1,038,938
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 210 accts · $287K emplr
2023$15.3M · 301 accts · $412K emplr
2022$12.0M · 292 accts · $319K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$46,524
Investment management$32,026
Audit (IQPA)$16,000
Total administrative$94,550
The Proserv Operations, LLC 401(k) match · 2023
Employer contribution per active participant$2,495
Median for plans this size$2,440
2024$3,880 per active participant
2023$2,495 per active participant
2022$2,088 per active participant

Proserv Operations, LLC's 2023 employer contribution ran above the $2,440 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 · 20234
ADP, INC. · Loan processing · Recordkeeping$46,524
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$32,025
MELTON & MELTON LLP · Recordkeeping · Pension consulting$16,000
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, MELTON & MELTON LLP
2023ADP, Bank of America / Merrill, MELTON & MELTON LLP

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

Administrative cost history3
2024$104,034 · 0.72%
2023$94,550 · 0.69%
2022$88,189 · 0.65%
Similar plansManufacturing · Texas
Farouk Systems Inc. TX$15.4M · 0.32%
Flowco Productions LLC TX$15.4M · 0.46%
Mayekawa USA, Inc. TX$15.3M · 0.46%
Bexar Concrete Works I, LTD TX$15.2M · 0.01%
Micropac Industries Inc. TX$15.1M · 0.44%
Allied Management Inc. TX$15.1M · 0.27%
Sunny Sky Products, LLC TX$15.0M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760231044 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.