Plan Ledger DOL Form 5500 · updated monthly

Proxibid, Inc.401(k)

PROXIBID, INC. 401(K) PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Proxibid, Inc. reported $44,733 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $906 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 0.33% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Nebraska (383rd of 565), and 8,288th of 11,654 in professional & technical services. In 2024, employees put in $5.04 for every $1.00 the employer contributed; active participation has grown from 138 to 237 since 2022.

Plan summary
Net assets, end of year$9,120,192
Participants with balances221
Active participants237
Employer contributions$214,627
Employee contributions$1,082,256
Employer contribution per active participant$906
Average account balance$41,268
Benefits paid to participants$1,607,554
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 221 accts · $215K emplr
2023$8.1M · 226 accts · $258K emplr
2022$6.4M · 199 accts · $210K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,627
Investment management$41,106
Total administrative$44,733
The Proxibid, Inc. 401(k) match · 2024
Employer contribution per active participant$906
Median for plans this size$1,313
2024$906 per active participant
2023$1,624 per active participant
2022$1,519 per active participant

Proxibid, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$44,732

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$44,733 · 0.52%
2023$35,850 · 0.49%
2022$22,074 · 0.33%
Same employer
Similar plansProfessional & Technical Services · Nebraska
Companycam Inc. NE$10.5M · 0.09%
Firespring, Inc. NE$9.7M · 0.45%
Advance Services, Inc. NE$6.6M · 0.80%
Client Resources, Inc. NE$5.8M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470843503 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.