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 (2017) 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 2017

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

Prospect flagsHigh feesLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$3M

-4.4% from 2016

Total participants

122

-6.9% from 2016

Average account balance

$48,386

+0.3% from 2016

Annual return

13.62%

+4.32 pp from 2016

Benchmarks

See 1,029 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,029 peers

Snapshot2017

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
COMMONWEALTH FINANCIAL NETWORK2 years Service code 26 · EIN 04-2675571 ATTN ADVISORY FEES/COMPENSATION · WALTHAM, MA 024533483	Advisory (Participants)	$13,853
NATIONWIDE3+ years Filed as: NATIONWIDE TRUST COMPANY, FSB Service code 15 · EIN 04-3275255 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$13,045
DEVLIN & HALE ASSOCIATES, INC.2 years Service code 13 · EIN 06-1080876 2275 SILAS DEANE HIGHWAY · ROCKY HILL, CT 060672329	Contract Administrator	$7,725
DWORKEN HILLMAN LAMORTE & STERCZALA2 years Service code 10 · EIN 06-1308345 FOUR CORPORATE DRIVE · SHELTON, CT 06484	Accounting	$7,500

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

4 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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$42K

$370 / participant

Investment mgmt$27K63.6%
Contract admin$8K18.5%
Other / not subdivided$8K17.9%

% of EOY assets

1.418%

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

$48,386

$46,297+4.5%

$71,671-32.5%

$62,293-22.3%

Participation rate

46.0%

60.6%-14.6pp

68.7%-22.7pp

69.5%-23.5pp

Annual return

13.62%

22.32%-8.7pp

20.65%-7.0pp

28.90%-15.3pp

Employer contribution / active EE

$1,412-100.0%

$2,460-100.0%

$2,042-100.0%

Participant deferral / active EE

$828

$2,235-63.0%

$3,438-75.9%

$3,169-73.9%

Admin fee / account holder

$686

$461+49.0%

$5,558-87.7%

$479+43.2%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2 years

Service code 26 · EIN 04-2675571

ATTN ADVISORY FEES/COMPENSATION · WALTHAM, MA 024533483

Advisory (Participants)

$13,853

NATIONWIDE3+ years

Filed as: NATIONWIDE TRUST COMPANY, FSB

Service code 15 · EIN 04-3275255

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$13,045

DEVLIN & HALE ASSOCIATES, INC.2 years

Service code 13 · EIN 06-1080876

2275 SILAS DEANE HIGHWAY · ROCKY HILL, CT 060672329

Contract Administrator

$7,725

DWORKEN HILLMAN LAMORTE & STERCZALA2 years

Service code 10 · EIN 06-1308345

FOUR CORPORATE DRIVE · SHELTON, CT 06484

Accounting

$7,500

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