Plan Ledger DOL Form 5500 · updated monthly

Provenir, LLC401(k)

PROVENIR, LLC 401(K) PLAN · SAN ANTONIO, TX · plan year 2022

Employer contribution per participant · 2022
$0

Provenir, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,130,875 across 342 participant accounts, with employer contributions averaging $0 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (5,240th of 5,688), and 2,159th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$1,130,875
Participants with balances342
Active participants19
Employer contributions$0
Employee contributions$56,624
Employer contribution per active participant$0
Average account balance$3,307
Benefits paid to participants$194,661
Plan auditUnmodified (clean) audit opinion
AuditorSOL SCHWARTZ & ASSOCIATES P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$996K · 52 accts · $11K emplr
2022$1.1M · 342 accts
The Provenir, LLC 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Provenir, LLC's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. 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.

Administrative cost history2
2023$35,454 · 3.33%
2022Not separately reported
Similar plansAdministrative & Support Services · Texas
Catapult Solutions Group TX$1.2M · 0.53%
Westpark Interests, Inc. TX$1.1M · 0.22%
Conquer the Day LLC TX$1.0M · 1.60%
Mavagi Enterprises, Inc. TX$979K · 5.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262651209 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.