Plan Ledger DOL Form 5500 · updated monthly

Providential Bba Operating LP401(k)

PROVIDENTIAL BBA OPERATING LP 401(K) RETIREMENT SAVINGS PLAN · BOUNTIFUL, UT · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Providential Bba Operating LP reported $59,930 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,032 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 has held roughly steady near 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 402nd-largest of 848 plans among Utah employers on file, and the 4,984th of 11,911 in health care & social assistance. In 2023, employees put in $1.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,689,236
Participants with balances182
Active participants369
Employer contributions$380,762
Employee contributions$748,301
Employer contribution per active participant$1,032
Average account balance$69,721
Benefits paid to participants$1,236,485
Plan auditUnmodified (clean) audit opinion
AuditorKARREN, HENDRIX, STAGG, ALLEN & CO.
Plan history2
Yearassets · accounts · employer contribution
2023$12.7M · 182 accts · $381K emplr
2022$10.6M · 171 accts · $378K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$35,985
Investment management$23,945
Total administrative$59,930
The Providential Bba Operating LP 401(k) match · 2023
Employer contribution per active participant$1,032
Median for plans this size$2,440
2023$1,032 per active participant
2022$1,113 per active participant

Providential Bba Operating LP's 2023 employer contribution ran below the $2,440 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.

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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,985
LPL FINANCIAL LLC · Investment advisory (plan)$15,727
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$8,218

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

Administrative cost history2
2023$59,930 · 0.51%
2022$63,255 · 0.53%
Similar plansHealth Care & Social Assistance · Utah
Brighton G&B Holdings Inc. UT$13.7M · 0.80%
Utah Youth Village, Inc. UT$13.6M · 0.59%
Community Nursing Services UT$13.4M · 0.55%
Mt. Ogden Eye Center, LLC UT$11.5M · 0.35%
Chrysalis Utah, Inc. UT$10.7M · 0.56%
Novarad Corporation UT$10.4M · 0.47%
The Road Home UT$10.3M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842291180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.