Plan Ledger DOL Form 5500 · updated monthly

Provenir Group Holdings, LLC401(k)

PROVENIR GROUP HOLDINGS, LLC · PARSIPPANY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Provenir Group Holdings, LLC reported $47,810 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $3,980 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 3 years on file its reported administrative ratio has held roughly steady near 0.406%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New Jersey (1,363rd of 2,419), and 1,337th of 2,199 in information & media. In 2024, employees put in $3.56 for every $1.00 the employer contributed; active participation has shrunk from 110 to 79 since 2022.

Plan summary
Net assets, end of year$12,629,900
Participants with balances111
Active participants79
Employer contributions$314,436
Employee contributions$1,120,922
Employer contribution per active participant$3,980
Average account balance$113,783
Benefits paid to participants$1,460,123
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 111 accts · $314K emplr
2023$10.9M · 130 accts · $344K emplr
2022$8.7M · 131 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,810
Total administrative$47,810
The Provenir Group Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$3,980
Median for plans this size$2,416
2024$3,980 per active participant
2023$3,784 per active participant
2022$2,644 per active participant

Provenir Group Holdings, LLC's 2024 employer contribution ran above the $2,416 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$28,294
ADP, INC. · Loan processing · Recordkeeping$19,515
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, EISNER AMPER LLP

This plan has changed recordkeepers within these filings. If you left Provenir Group Holdings, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,810 · 0.41%
2023$44,374 · 0.45%
2022$38,246 · 0.41%
Same employer
Similar plansInformation & Media · New Jersey
Ferrilli NJ$16.3M · 0.06%
Infragistics, Inc. NJ$15.2M · 0.27%
Spectrotel Holding Co. LLC NJ$12.0M · 0.15%
Johnston G.P., Inc. NJ$11.8M · 0.68%
Parachute Health, LLC NJ$10.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300806184 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.