Priority-1 401(k) match, vesting and fees
What Priority-1's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Hcj Cpas & Advisors, PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Priority-1: employer contribution per participant | $7,795 | |
| Peer median | $2,066 |
| Priority-1: average balance | $51,113 | |
| Peer median | $77,876 |
| Priority-1: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $54.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,145 | $54.1M | $8.3M | $7,795 | 0.26% | Not published | Form 5500 ↗ |
Common questions
Does Priority-1 match 401(k) contributions?
The match terms for the Priority-1, Inc. 401(k) and Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $8.3M in employer contributions, about $7,795 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Priority-1 401(k) match vested?
The vesting schedule for the Priority-1, Inc. 401(k) and Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Priority-1 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Priority-1, Inc..
I left Priority-1. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Priority-1, Inc., (501) 441-3780) or the recordkeeper, Schwab Retirement Plan Services,inc. The Priority-1 old 401(k) page lists the contacts from every plan filing. Find an old Priority-1 401(k)
Data from the public Form 5500 annual reports Priority-1 filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Priority-1. Not financial advice. Report a correction · Methodology