Priority Technology Holdings, Inc. 401(k) Review & Grade
Priority Technology Holdings, Inc. 401k Plan
Alpharetta, GAFinance & Insurance598 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,793Employer $ per active participant
$7,096Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$36.6MNet plan assets, end of year
$49,868Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 30th |
| Employee saving | 50th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $662 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Priority Technology Holdings put in about $3,793 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,270,178 |
| Participant (employee) contributions | $4,246,713 |
| Other contributions (incl. rollovers in) | $425,094 |
| Administrative expenses paid from the plan | $133,970 |
| Contract administrator fees | $130,951 |
| Investment advisory & management fees | $219 |
| Other admin expenses | $2,800 |
| Benefits paid out | $5,013,975 |
| Net assets, start / end of year | $30.4M / $36.6M |
| Active participants, start / end of year | 592 / 605 |
| Participants with account balances | 733 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frazier & Deeter |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $133,971 reported compensation |
| Creative Planning Hold Co, LLC | $66,245 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003145710NAL0002525888001, received 2025-10-03, EIN 47-4257046, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.