Plan Ledger DOL Form 5500 · updated monthly

Provident Realty Advisors Inc.401(k)

PROVIDENT REALTY ADVISORS, INC. 401(K) SAVINGS PLAN · DALLAS, TX · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Provident Realty Advisors Inc. reported $43,828 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $2,669 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 0.58% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Texas (3,318th of 5,688), and 1,227th of 2,096 in real estate & leasing. In 2023, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,416,991
Participants with balances237
Active participants172
Employer contributions$459,031
Employee contributions$1,461,141
Employer contribution per active participant$2,669
Average account balance$35,515
Benefits paid to participants$994,224
Plan auditUnmodified (clean) audit opinion
AuditorGARRETY AND ASSOCIATES CPA, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 140 accts · $509K emplr
2023$8.4M · 237 accts · $459K emplr
2022$5.9M · 216 accts · $812K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$43,828
Total administrative$43,828
The Provident Realty Advisors Inc. 401(k) match · 2023
Employer contribution per active participant$2,669
Median for plans this size$1,308
2024$2,446 per active participant
2023$2,669 per active participant
2022$4,640 per active participant

Provident Realty Advisors Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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.

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 · 20233
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$10,632
DEFINITI, LLC · Recordkeeping · Loan processing$6,086
RAYMOND JAMES FINANCIAL SERVICES AD · Investment advisory (plan)$27,111

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Definiti, Transamerica
2023Definiti, Transamerica

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Administrative cost history3
2024$55,879 · 0.78%
2023$43,828 · 0.61%
2022$35,050 · 0.58%
Same employer
Similar plansReal Estate & Leasing · Texas
MD7, LLC TX$9.3M · 0.50%
Bestway Rental, Inc. TX$8.7M · 0.68%
Madera Residential TX$8.2M · 1.14%
Encore Enterprises, Inc. TX$8.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752784992 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.