Retirement plan

PACE MOTOR LINES, INC. 401(K) AND PROFIT SHARING PLAN

Name: PACE MOTOR LINES, INC. - PACE MOTOR LINES, INC. 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: PACE MOTOR LINES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACE MOTOR LINES, INC. 401(K) AND PROFIT SHARING PLAN, PACE MOTOR LINES, INC.

PACE MOTOR LINES, INC.EIN 06-0899020Plan #001PY 2016

1425 HONEYSPOT ROAD EXTENSION - STRATFORD, CT 06615203-366-3881pacemotor.comLinkedIn51-200 employeestransportation/trucking/railroad

Prospect flagsHigh feesLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.1M

+4.7% from 2015

Total participants

131

+6.5% from 2015

Average account balance

$48,250

+9.6% from 2015

Annual return

9.30%

+11.26 pp from 2015

Benchmarks

See 1,015 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,015 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.40M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$75K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

40.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$161K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1273

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Filed as: NATIONWIDE TRUST COMPANY, FSB Service code 15 · EIN 04-3275255 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$16,674
COMMONWEALTH FINANCIAL NETWORK1 year Service code 26 · EIN 04-2675571 ATTN ADVISORY FEES/COMPENSATION · WALTHAM, MA 024533483	Advisory (Participants)	$8,034
DEVLIN & HALE ASSOCIATES, INC.1 year Service code 13 · EIN 06-1080876 2275 SILAS DEANE HIGHWAY · ROCKY HILL, CT 060672329	Contract Administrator	$4,616
DWORKEN HILLMAN LAMORTE & STERCZALA1 year Service code 10 · EIN 06-1308345 FOUR CORPORATE DRIVE · SHELTON, CT 06484	Accounting	$4,368

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$34K

$281 / participant

Investment mgmt$25K73.3%
Contract admin$5K13.7%
Other / not subdivided$4K13.0%

% of EOY assets

1.091%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DWORKEN HILLMAN LAMORTE & STERCZALA
Auditor EIN: 061308345
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,250

$44,425+8.6%

$67,834-28.9%

$55,167-12.5%

Participation rate

44.2%

59.7%-15.5pp

68.8%-24.6pp

69.0%-24.8pp

Annual return

9.30%

17.80%-8.5pp

138.47%-129.2pp

169.23%-159.9pp

Employer contribution / active EE

$1,351-100.0%

$2,403-100.0%

$1,963-100.0%

Participant deferral / active EE

$755

$2,166-65.1%

$3,160-76.1%

$3,054-75.3%

Admin fee / account holder

$526

$530-0.7%

$4,622-88.6%

$504+4.5%

Provider

Service type

Compensation

NATIONWIDE2+ years

Filed as: NATIONWIDE TRUST COMPANY, FSB

Service code 15 · EIN 04-3275255

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$16,674

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 26 · EIN 04-2675571

ATTN ADVISORY FEES/COMPENSATION · WALTHAM, MA 024533483

Advisory (Participants)

$8,034

DEVLIN & HALE ASSOCIATES, INC.1 year

Service code 13 · EIN 06-1080876

2275 SILAS DEANE HIGHWAY · ROCKY HILL, CT 060672329

Contract Administrator

$4,616

DWORKEN HILLMAN LAMORTE & STERCZALA1 year

Service code 10 · EIN 06-1308345

FOUR CORPORATE DRIVE · SHELTON, CT 06484

Accounting

$4,368

PACE MOTOR LINES, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACE MOTOR LINES, INC. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion