Retirement plan

TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF PACE SCHOOL

Name: PACE SCHOOL - TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF PACE SCHOOL (2023) Form 5500
Creator: PACE SCHOOL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF PACE SCHOOL, PACE SCHOOL

PACE SCHOOLEIN 25-1186708Plan #002PY 2023

2432 GREENSBURG PIKE - PITTSBURGH, PA 152213611412-244-1900paceschool.orgLinkedIn51-200 employeesprimary/secondary education

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$9M

+4.2% from 2022

Total participants

115

-4.2% from 2022

Average account balance

$92,318

+11.6% from 2022

Annual return

7.05%

+14.28 pp from 2022

Benchmarks

See 4,420 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants25-99

Cohort4,420 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$426K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+5.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48992

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Filed as: PRINCIPAL LIFE INSUREANCE COMPANY Service code 13 · EIN 42-0127290	Contract Administrator	$35,761
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$26,204
METRO BENEFITS, INC.2 years Filed as: METRO BENEFITS INC Service code 13 · EIN 25-1541083	Contract Administrator	$3,339

Plan features & details

Pension benefit codes2E2F2G2M2T3D

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$37K

$503 / participant

Contract admin$37K100.0%

% of EOY assets

0.406%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAHER DUESSEL
Auditor EIN: 251622758
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,318

$46,599+98.1%

$64,101+44.0%

$75,173+22.8%

Participation rate

76.7%

65.9%+10.8pp

72.3%+4.4pp

67.2%+9.5pp

Annual return

7.05%

26.06%-19.0pp

33.72%-26.7pp

160.72%-153.7pp

Employer contribution / active EE

$3,907

$1,975+97.8%

$2,749+42.1%

$2,671+46.3%

Participant deferral / active EE

$3,076

$2,837+8.4%

$3,881-20.7%

$4,126-25.5%

Admin fee / account holder

$375

$2,956-87.3%

$3,070-87.8%

$5,651-93.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Filed as: PRINCIPAL LIFE INSUREANCE COMPANY

Service code 13 · EIN 42-0127290

Contract Administrator

$35,761

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$26,204

METRO BENEFITS, INC.2 years

Filed as: METRO BENEFITS INC

Service code 13 · EIN 25-1541083

Contract Administrator

$3,339

TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF PACE SCHOOL

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TAX DEFERRED ANNUITY PLAN FOR EMPLOYEES OF PACE SCHOOL

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