401(k) · DOL Form 5500 · 2023

Professional Bank 401(k) Plan

Data updated 2026-08-25

$18K
Total assets Small plan by assets
187
Participants Below avg headcount
2nd
Percentile by assets National rank
$97
Avg per participant Low balance/head
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Official DOL plan name: Professional Bank 401(k) Plan · Sponsored by Professional Bank · Florida · Finance & Insurance

$18K in assets, 187 participants

Professional Bank's Professional Bank 401(k) Plan reported $18K in total assets and 187 participants in its 2023 DOL Form 5500 filing, ranking in the 2nd 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.

  • #129 in Finance & Insurance (8,869 peers)

Coverage in Florida

Professional Bank 401(k) Plan covers 187 participants in Florida, about 30% of the average Florida filer (state average ~628 per filing). Assets: $18K.

#129
in Finance & Insurance (8,869 peers)
-99.8%
assets change YoY

The plan reported a net loss of $10M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Professional Bank 401(k) Plan among the smaller filed plans by assets

Professional Bank 401(k) Plan vs every filed plan by assets

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

$18,133 2nd percentile higher than 2% 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

Professional Bank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Professional Bank 401(k) Plan sits mid-pack in the medium band (187 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Professional Bank 401(k) Plan reported net income fell from $195K in the plan year 2022 filing to -$10M in the plan year 2023 filing.
  • Professional Bank 401(k) Plan end-of-year assets fell from $10M in the plan year 2022 filing to $18K in the plan year 2023 filing.
  • Professional Bank 401(k) Plan reported participants rose from 175 in the plan year 2022 filing to 187 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 262155465 · Professional Bank PY 2023 · 401(k)

Professional Bank 401(k) Plan · $18K · 187 · 2nd

  • ASSETS $18K
  • PCT 187
  • EIN 2nd
  • RANK 401(k)
  • PHOTO near Mcnally Malt Company 401(k) Plan
  • IND ind #129

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 Finance & Insurance retirement plans → · Plans in Florida →

Professional Bank 401(k) Plan in the asset neighbourhood

Professional Bank 401(k) Plan$18KMcnally Malt Company 401(k) PlanMcnally Malt Company 401(k) …$18KCrumbaker Insurance Services 401(k) PlanCrumbaker Insurance Services…$18KIdaho Fontes Aquarum, Inc. 401(k) Profit Sharing PlanIdaho Fontes Aquarum, Inc. 4…$18KVaughncorp, Inc. 401(k) Profit Sharing PlanVaughncorp, Inc. 401(k) Prof…$18K
End-of-year total assets ($M) among Professional Bank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Florida filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$18K
Net Income-$10M
Employer EIN262155465
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Professional Bank)

Sponsor-wide plan assets over time

All Professional Bank plans reported in each filing year

Latest sponsor-wide plan assets
$1K 99.98745014808826% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $10M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 175 $10M
2023 1 187 $18K
2024 1 N/A $1K

Nearby 401(k) Plans in Florida

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

Professional Bank 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Professional Bank 401(k) Plan, Total assets ($B): 0.000018133 · Participants: 187Professional Bank 401(k) PlanL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Professional Bank 401(k) Plan vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Professional Bank 401(k) Plan side-by-side with 3 peers →

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

Outside Florida, the nearest 401(k) by assets is Mcnally Malt Company 401(k) Plan in OR ($18K); by covered participants it is The Infosoft Group Retirement Plan in WI (187 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (187 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 Professional Bank 401(k) Plan assets move in 2023? ▼
Professional Bank 401(k) Plan contracted severely - down 99.8% during 2023, from $10M to $18K. Reported net income was -$10M.
How have Professional Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Professional Bank's sponsor-wide assets declined 100.0%, from $10M to $1K.
Where does Professional Bank 401(k) Plan rank by assets among Form 5500 filers? ▼
Professional Bank 401(k) Plan ranks in the 2nd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which 401(k) plans are similar in size to Professional Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mcnally Malt Company 401(k) Plan in OR ($18K, 1 participant).
Which 401(k) plans cover a similar participant headcount to Professional Bank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Infosoft Group Retirement Plan in WI (187 participants, N/A 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 262155465.

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.