401(k) · DOL Form 5500 · 2023

Propel Peo, Inc. 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
2,406
Participants Above avg headcount
84th
Percentile by assets National rank
$17,672
Avg per participant Low balance/head
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Official DOL plan name: Propel Hr 401(k) Plan · Sponsored by Propel Peo, Inc. · South Carolina · Administrative & Support Services

$43M in assets, 2,406 participants

Propel Peo, Inc.'s Propel Hr 401(k) Plan reported $43M in total assets and 2,406 participants in its 2023 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,015 in Administrative & Support Services (4,372 peers)

Coverage in South Carolina

Propel Hr 401(k) Plan covers 2,406 participants in South Carolina, 6.5x the typical South Carolina plan (state average ~369 per filing). Assets: $43M.

#4,015
in Administrative & Support Services (4,372 peers)
+54.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Propel Hr 401(k) Plan's outsized position by total assets

Propel Hr 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$42,517,917 Top 16% higher than 84% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Propel Hr 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Propel Hr 401(k) Plan lands in the large band (2,406 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Propel Hr 401(k) Plan reported net income rose from -$716K in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Propel Hr 401(k) Plan reported participants rose from 1,301 in the plan year 2022 filing to 2,406 in the plan year 2023 filing.
  • Propel Hr 401(k) Plan end-of-year assets rose from $27M in the plan year 2022 filing to $43M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 205888849 · Propel Peo, Inc. PY 2023 · 401(k)

Propel Hr 401(k) Plan · $43M · 2,406 · 84th

  • VS-ST $43M
  • BOY 2,406
  • SCH 84th
  • EBSA 401(k)
  • PART near Fonar Corporation 401(k) Plan
  • TYPE ind #4015

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Administrative & Support Services retirement plans → · Plans in South Carolina →

Propel Hr 401(k) Plan in the asset neighbourhood

Propel Hr 401(k) Plan$43MFonar Corporation 401(k) Plan$43MConcurrent Hro 401(k) Plan$43MCompetitive Power Ventures Inc 401(k) Profit Sharing Plan & TrustCompetitive Power Ventures I…$43MRha 401(k) Profit Sharing PlanRha 401(k) Profit Sharing Pl…$42M
End-of-year total assets ($M) among Propel Hr 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

South Carolina filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$43M
Net Income$11M
Employer EIN205888849
Plan Effective Date1996-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Propel Peo, Inc.)

Sponsor-wide plan assets over time

All Propel Peo, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$85M 211.18970387762567% vs 2022
2024 filing year
$20M$40M$60M$80M$100M 202220232024 $27.5M $85.4M ▲ +211.2%
Year Plans Participants Total Assets
2022 1 1,301 $27M
2023 1 2,406 $43M
2024 1 1,912 $85M

Nearby 401(k) Plans in South Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Propel Hr 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants Scatter plot of 6 data points. 05000100001500020000 -1012345 Total assets ($B) Participants Propel Hr 401(k) Plan, Total assets ($B): 0.042517917 · Participants: 2406Propel Hr 401(k) PlanMichelin 401(k) Savings Plan, Total assets ($B): 4.081217676 · Participants: 14439Michelin 401(k) Savings PlanThe Savannah River Nuclear Solutions, LLC Defined Contribution Plan, Total assets ($B): 2.54970984 · Participants: 8661The Savannah River Nuclear Solutions, LLC Defined Contribution PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.560739492 · Participants: 11311Sonoco Retirement & Savings PlanSonoco Retirement & Savings Plan, Total assets ($B): 1.313010355 · Participants: 10614Sonoco Retirement & Savings PlanBlue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan, Total assets ($B): 1.296149408 · Participants: 11348Blue Cross Blue Shield of Sc Employee Savings and Salary Reduction Plan
Propel Hr 401(k) Plan vs. nearby 401(k) plans in South Carolina, assets vs. participants
Compare Propel Hr 401(k) Plan side-by-side with 3 peers →

Propel Hr 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside South Carolina, the nearest 401(k) by assets is Fonar Corporation 401(k) Plan in NY ($43M); by covered participants it is Santa Ynez Band of Chumash Indians 401(k) Plan in CA (2,406 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($43M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,406 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Propel Hr 401(k) Plan assets move in 2023? ▼
Propel Hr 401(k) Plan surged - up 54.9% during 2023, from $27M to $43M. Reported net income was $11M.
How have Propel Peo, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Propel Peo, Inc.'s sponsor-wide assets grew 211.2%, from $27M to $85M.
Where does Propel Hr 401(k) Plan rank by assets among Form 5500 filers? ▼
Propel Hr 401(k) Plan ranks in the 84th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Propel Hr 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Fonar Corporation 401(k) Plan in NY ($43M, 548 participants).
Which 401(k) plans cover a similar participant headcount to Propel Hr 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Santa Ynez Band of Chumash Indians 401(k) Plan in CA (2,406 participants, $121M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 205888849.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.