Provia Payroll 401(k) match, vesting and fees
What Provia Payroll's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Loans | Notes receivable from parƟcipants ParƟcipants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their vested account balance. The loans are secured by the balance in the parƟcipant's account. The loan interest rate, determined quarterly, is set at one percent above the prime rate, as defined. | Audit report, p. 35 ↗ |
| Recordkeeper | Voya Retirement Insurance & Annuity | Schedule C ↗ |
| Independent auditor | Moore and Neidenthal, Inc. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Provia Payroll: employer contribution per participant | $2,193 | |
| Peer median | $2,413 |
| Provia Payroll: average balance | $52,152 | |
| Peer median | $86,456 |
| Provia Payroll: admin expenses ÷ assets | 0.27% | |
| Peer median | 0.12% |
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 $74.8M at the end of plan year 2021 to $115M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,305 | $115M | $4.9M | $2,193 | 0.27% | Not published | Form 5500 ↗ |
| 2023 | 2,257 | $93.8M | $4.3M | $2,024 | 0.24% | Not published | Form 5500 ↗ |
| 2022 | 1,956 | $71M | $3.7M | $2,006 | 0.22% | Not published | Form 5500 ↗ |
| 2021 | 1,690 | $74.8M | $2.3M | $1,599 | 0.23% | Not published | Form 5500 ↗ |
Common questions
Does Provia Payroll match 401(k) contributions?
The match terms for the Provia 401k Plan have not been published from its filing yet. The plan year 2024 filing reports $4.9M in employer contributions, about $2,193 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Provia Payroll 401(k) match vested?
The vesting schedule for the Provia 401k Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Provia Payroll 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Retirement Insurance & Annuity. The plan administrator is Provia Payroll, LLC.
I left Provia Payroll. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Provia Payroll, LLC, (330) 852-4711) or the recordkeeper, Voya Retirement Insurance & Annuity. The Provia Payroll old 401(k) page lists the contacts from every plan filing. Find an old Provia Payroll 401(k)
Data from the public Form 5500 annual reports Provia Payroll 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 Provia Payroll. Not financial advice. Report a correction · Methodology