Plan Ledger DOL Form 5500 · updated monthly

Providertrust, Inc.401(k)

PROVIDERTRUST 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Providertrust, Inc. reported $75,414 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,203 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 1 year on file its reported administrative ratio rose from 1.04% to 1.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in Tennessee (939th of 1,496), and 1,685th of 2,199 in information & media. In 2024, employees put in $2.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,470,343
Participants with balances153
Active participants116
Employer contributions$371,538
Employee contributions$1,084,990
Employer contribution per active participant$3,203
Average account balance$48,826
Benefits paid to participants$502,926
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history2
Yearassets · accounts · employer contribution
2024$7.5M · 153 accts · $372K emplr
2023$5.7M · 148 accts · $367K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,414
Total administrative$75,414
The Providertrust, Inc. 401(k) match · 2024
Employer contribution per active participant$3,203
Median for plans this size$1,313
2024$3,203 per active participant
2023$3,276 per active participant

Providertrust, Inc.'s 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK USA · Recordkeeping$750

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history2
2024$75,414 · 1.15%
2023$48,015 · 1.04%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 454877508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.