Alabama › Administrative and support and waste management services › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
PBS PEO Services, LLC Retirement Plan
Sponsored by PBS PEO Services, LLC, Birmingham, AL
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, PBS PEO Services, LLC Retirement Plan covered 240 participants and held $22K in net assets. The plan is a 401(k) plan sponsored by PBS PEO Services, LLC of Birmingham, Alabama. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $91 per participant, well below the $60,185 median for defined contribution plans with 100 to 249 participants and well below the $24,581 median for defined contribution plans in administrative and support and waste management services. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $14K: $58.03 per participant, well below the same-size median of $194. Administrative expenses charged to the plan were $18K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $3.6M in 2018 to $22K in 2024 (down 99%), and participants from 219 to 240 (up 10%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $91 | $60,185 | $24,581 | $53,102 |
| Employer contributions per active participant | — | $2,447 | $1,302 | $2,175 |
| Schedule C compensation per participant | $58.03 | $194 | $98.48 | $123 |
| Schedule C compensation, share of net assets | 64.1% | 0.32% | 0.44% | 0.26% |
| Administrative expenses per participant | $75.39 | $176 | $95.90 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), administrative and support and waste management services (1,682) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 240 | $22K | $92 | — | — | $14K |
| 2023 | 280 | $2.4M | $8,654 | $169K | $412K | $37K |
| 2022 | 294 | $2.0M | $6,724 | $163K | $397K | $34K |
| 2021 | 350 | $2.1M | $6,123 | $198K | $508K | $48K |
| 2020 | 459 | $4.1M | $8,902 | $280K | $782K | $45K |
| 2019 | 465 | $6.2M | $13,424 | $264K | $1.1M | $51K |
| 2018 | 219 | $3.6M | $16,511 | $141K | $502K | $21K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$2,422,930
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$127,975
- Benefits paid$202,904
- Administrative expenses$18,094
- Total expenses$220,998
- Net income−$93,023
- Net transfers−$2,308,183
- Net assets, end of year$21,724
Participants
- Active participants239
- Retired or separated, receiving benefits0
- Retired or separated, entitled to future benefits1
- Participants with account balances3
- Total participants, end of year240
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Transamerica Financial Life Ins Co. | Recordkeeping and information management; Participant loan processing | $13,927 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$18,094
- Total administrative expenses$18,094
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Pooled separate accounts$22K · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMda Professional Group, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 561300: Employment Services.
Similar plans in Alabama
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Erica Lane Enterprises, Inc. Union Employees 401(k) Plan | Erica Lane Enterprises, Inc. | 252 | $4.0M | $15,899 |
| Professional Billing, Inc. Profit Sharing Plan | Professional Billing, Inc. | 201 | $7.4M | $36,882 |
| Guardian Credit Union 401(k) Plan | Guardian Credit Union | 283 | $14.0M | $49,419 |
| Fleet Driver Service, Inc. 401(k) Plan | Fleet Driver Service, Inc. | 195 | $393K | $2,016 |
| Adtrav Corporation 401(k) Retirement Plan | Adtrav Corporation | 296 | $8.9M | $29,990 |
| Talon Technical Services 401(k) Plan | Talon Technical Services LLC | 189 | $4.5M | $23,954 |
Defined contribution plans in administrative and support and waste management services closest in size.
Questions and answers
How big is PBS PEO Services, LLC Retirement Plan?
240 participants at the end of the plan year ending 31 Dec 2024, of whom 239 were active employees, with net assets of $21,724. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does PBS PEO Services, LLC contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $13,927 in compensation to service provider organisations, $58.03 per participant or 64.1% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $18,094. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is PBS PEO Services, LLC. Recordkeeping or administration: Transamerica Financial Life Ins Co.. The financial statements were audited by Mda Professional Group, P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 81-4175750, plan 001, received 15 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.