Professional Group Plans 401(k) match, vesting and fees
What Professional Group Plans' 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 | Empower Life & Annuity Insurance | Schedule C ↗ |
| Independent auditor | Bacchioni & Company Cpas P.C (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Professional Group Plans: employer contribution per participant | $4,627 | |
| Peer median | $2,868 |
| Professional Group Plans: average balance | $225,853 | |
| Peer median | $95,281 |
| Professional Group Plans: admin expenses ÷ assets | 0.48% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $25.7M at the end of plan year 2021 to $32.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 144 | $32.1M | $657K | $4,627 | 0.48% | Not published | Form 5500 ↗ |
| 2023 | 145 | $28.1M | $608K | $4,280 | 0.46% | Not published | Form 5500 ↗ |
| 2022 | 141 | $22.6M | $550K | $4,046 | 0.31% | Not published | Form 5500 ↗ |
| 2021 | 132 | $25.7M | $458K | $3,603 | 0.33% | Not published | Form 5500 ↗ |
Other Professional Group Plans plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Professional Group Plans, Inc. Defined Benefit Pension Plan
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.
| Independent auditor | Bacchioni & Company, Cpas, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Professional Group Plans match 401(k) contributions?
The match terms for the Professional Group Plans, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $657K in employer contributions, about $4,627 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Professional Group Plans 401(k) match vested?
The vesting schedule for the Professional Group Plans, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Professional Group Plans 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Life & Annuity Insurance. The plan administrator is Professional Group Plans, Inc..
I left Professional Group Plans. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Professional Group Plans, Inc., (631) 951-9200) or the recordkeeper, Empower Life & Annuity Insurance. The Professional Group Plans old 401(k) page lists the contacts from every plan filing. Find an old Professional Group Plans 401(k)
Data from the public Form 5500 annual reports Professional Group Plans filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 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 Professional Group Plans. Not financial advice. Report a correction · Methodology