Plan Snapshot
- Plan Sponsor: Pra Group, INC.
- Sponsor EIN: 753078675
- Sponsor Address: 120 CORPORATE BLVD SUITE 100, NORFOLK, VA, 23502
- Plan Type: 401(k)
- Total Participants: 2,087
- Total Assets: $118.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,087 | $118.4M | $4.8M | $8.4M |
| 2023 | 2,110 | $106.0M | $4.7M | $8.3M |
| 2022 | 2,099 | $88.9M | $4.8M | $8.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $319,619 | — | $319,619 |
| PB MARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PB MARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $319,619
- Estimated Expense Ratio: 0.270% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $319,619 | — | — | — | — |
| 2023 | $318,906 | — | $318,906 | — | — |
| 2022 | $320,783 | — | $314,908 | — | — |