Provation Software Group, Inc.401(k)
PROVATION SOFTWARE GROUP, INC. 401(K) PLAN · MINNEAPOLIS, MN · plan year 2021
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Provation Software Group, Inc. reported $47,870 in plan administrative expenses for 2021: 0.36% of average plan assets, above the peer median. Employer contributions averaged $3,505 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 109 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Minnesota (1,031st of 1,918), and 1,163rd of 2,199 in information & media. In 2021, employees put in $2.39 for every $1.00 the employer contributed.
Provation Software Group, Inc.'s 2021 employer contribution ran above the $2,122 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.
Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 824122667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.