Plan Ledger DOL Form 5500 · updated monthly

Provident Savings Bank401(k)

PROVIDENT SAVINGS BANK 401(K) PLAN · RIVERSIDE, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Provident Savings Bank reported $69,187 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $1,564 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 0.16% to 0.17%. 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 2,114th-largest of 9,483 plans among California employers on file, and the 1,939th of 4,798 in finance & insurance. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$40,553,240
Participants with balances276
Active participants169
Employer contributions$264,290
Employee contributions$829,171
Employer contribution per active participant$1,564
Average account balance$146,932
Benefits paid to participants$4,139,315
Plan auditUnmodified (clean) audit opinion
AuditorROORDA, PIQUET & BESSEE, INC. CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$40.6M · 276 accts · $264K emplr
2023$39.3M · 293 accts · $311K emplr
2022$35.9M · 303 accts · $304K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,487
Investment management$25,000
Audit (IQPA)$10,700
Total administrative$69,187
The Provident Savings Bank 401(k) match · 2024
Employer contribution per active participant$1,564
Median for plans this size$2,416
2024$1,564 per active participant
2023$1,850 per active participant
2022$1,950 per active participant

Provident Savings Bank's 2024 employer contribution ran below 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
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$33,487
QP ADVISORY LLC · Investment advisory (plan)$25,000
ROORDA PIQUET & BESSEE INC · Accounting / audit$10,700

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$69,187 · 0.17%
2023$67,996 · 0.18%
2022$66,701 · 0.16%
All plans at this employer2
PROVIDENT SAVINGS BANK 401(K) PLAN401(k)
PROVIDENT SAVINGS BANK, F.S.B. EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansFinance & Insurance · California
Stretto CA$41.3M · 0.20%
Altura Credit Union CA$40.9M · 0.39%
Dave Operating LLC CA$40.6M · 0.04%
Clover Health, LLC CA$40.5M · 0.23%
1ST United Credit Union CA$40.0M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956024097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.