Plan Ledger DOL Form 5500 · updated monthly

Provident Financial Management LLC401(k)

PROVIDENT FINANCIAL MANAGEMENT LLC 401(K) PROFIT SHARING PLAN · SANTA MONICA, CA · plan year 2024

Employer contribution per participant · 2024
$589

Provident Financial Management LLC's 2024 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 $19,373,507 across 179 participant accounts, with employer contributions averaging $589 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.000% to 0.000%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 3,714th-largest of 9,483 plans among California employers on file, and 3,123rd of 4,798 in finance & insurance. In 2024, employees put in $11.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,373,507
Participants with balances179
Active participants159
Employer contributions$93,650
Employee contributions$1,122,343
Employer contribution per active participant$589
Average account balance$108,232
Benefits paid to participants$447,401
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.4M · 179 accts · $94K emplr
2023$16.2M · 189 accts · $125K emplr
2022$12.1M · 220 accts · $127K emplr
The Provident Financial Management LLC 401(k) match · 2024
Employer contribution per active participant$589
Median for plans this size$2,416
2024$589 per active participant
2023$785 per active participant
2022$833 per active participant

Provident Financial Management LLC's 2024 employer contribution ran below the $2,416 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 history3
2024Not separately reported
2023$27 · 0.00%
2022$30 · 0.00%
Similar plansFinance & Insurance · California
Vervent, Inc. CA$19.7M · 0.40%
Calprivate Bank CA$19.7M · 0.42%
Figure Technologies, Inc. CA$19.6M · 0.28%
American Riviera Bank CA$19.2M · 0.22%
Santa Cruz County Bank CA$18.8M · 0.22%
M.J. Hall & Company, Inc. CA$18.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873051654 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.