Retirement plan

PACE 401(K) PLAN

Name: PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT - PACE 401(K) PLAN (2020) Form 5500
Creator: PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACE 401(K) PLAN, PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT

PACIFIC ASIAN CONSORTIUM IN EMPLOYMENTEIN 51-0192025Plan #002PY 2020

1055 WILSHIRE BLVD, SUITE 1475 - LOS ANGELES, CA 900175652213-353-3982pacela.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.8M

+5.0% from 2019

Total participants

494

-26.5% from 2019

Average account balance

$34,280

+17.2% from 2019

Annual return

2.00%

-2.38 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.27M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

342

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+7.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$430

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$88,542
TRANSAMERICA RETIREMENT SOLUTIONS5+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$11,557
MARTIN, MARTIN, RANDALL & ASSOCIATE1 year Filed as: MARTIN JR, MICHAEL V. Service code 49 80 W SIERRA MADRE BLVD STE 404 · SIERRA MADRE, CA 910242434	Other Services	$9,877
PENSION ASSURANCE LLP2 years Service code 10 · EIN 30-0840934	Accounting	$9,500
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$109K

$304 / participant

Contract admin$100K91.3%
Other / not subdivided$10K8.7%

% of EOY assets

0.649%

all-in expense ratio

Categories reported

1 / 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: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,280

$52,722-35.0%

$90,461-62.1%

$73,412-53.3%

Participation rate

99.2%

67.7%+31.4pp

72.7%+26.5pp

72.2%+27.0pp

Annual return

2.00%

20.70%-18.7pp

1294.76%-1292.8pp

59.30%-57.3pp

Employer contribution / active EE

$2,126

$1,872+13.6%

$3,264-34.9%

$2,234-4.8%

Participant deferral / active EE

$1,161

$2,810-58.7%

$3,964-70.7%

$3,806-69.5%

Admin fee / account holder

$223

$117+90.5%

$5,617-96.0%

$158+41.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$88,542

TRANSAMERICA RETIREMENT SOLUTIONS5+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$11,557

MARTIN, MARTIN, RANDALL & ASSOCIATE1 year

Filed as: MARTIN JR, MICHAEL V.

Service code 49

80 W SIERRA MADRE BLVD STE 404 · SIERRA MADRE, CA 910242434

Other Services

$9,877

PENSION ASSURANCE LLP2 years

Service code 10 · EIN 30-0840934

Accounting

$9,500

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

PACE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACE 401(K) 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