Premier Financial Corp 401(k) Review & Grade
Premier Financial Corp. 401(k) Employee Savings Plan
Defiance, OHFinance & Insurance1,018 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,354Employer $ per active participant
$5,163Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$100.0MNet plan assets, end of year
$96,456Average balance per account
Score breakdown
- Employer generosity13.6 / 5027th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 59th |
| Employee saving | 25th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Premier Financial put in about $2,354 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,395,899 |
| Participant (employee) contributions | $5,255,913 |
| Other contributions (incl. rollovers in) | $344,099 |
| Administrative expenses paid from the plan | $169,315 |
| Investment advisory & management fees | $57,782 |
| Other admin expenses | $13,000 |
| Benefits paid out | $13,932,435 |
| Net assets, start / end of year | $94.1M / $100.0M |
| Active participants, start / end of year | 1,058 / 978 |
| Participants with account balances | 1,037 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
| Employer stock held by plan | $2,172,576 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $71,631 reported compensation |
| Global Retirment Partners LLC | $46,063 reported compensation |
| Crowe LLP | $22,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144103NAL0010126994001, received 2025-10-15, EIN 34-1803915, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.