Premier Payroll Administration, Inc 401(k) Review & Grade
Premier Payroll Administration, Inc. 401(k) Plan
Dallas, TXReal Estate & Rental646 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$292Employer $ per active participant
$1,861Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$20.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 64th |
| Employee saving | 23th |
| Peers that auto-enroll | 47% |
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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 Payroll Administration put in about $292 per active participant, below the typical peer ($1,279). 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 | $188,446 |
| Participant (employee) contributions | $1,201,200 |
| Other contributions (incl. rollovers in) | $128,397 |
| Administrative expenses paid from the plan | $29,153 |
| Investment advisory & management fees | $28,170 |
| Benefits paid out | $2,720,946 |
| Net assets, start / end of year | $19.0M / $20.5M |
| Active participants, start / end of year | 660 / 631 |
| Participants with account balances | 320 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Farmer, Fuqua & Huff P.C. |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $21,552 reported compensation |
| Empower Advisory Group, LLC | $6,618 reported compensation |
| Empower Annuity Insurance Company O | $983 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013122056NAL0000586019001, received 2025-10-13, EIN 99-4918516, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.