Retirement plan

PACE 401(K) PLAN

Name: PACIFIC ASIAN CONSORTIUM IN EMPLOYMENT - PACE 401(K) PLAN (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.1M

-13.8% from 2021

Total participants

371

-11.0% from 2021

Average account balance

$46,631

-2.3% from 2021

Annual return

-9.80%

-26.72 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$128,546
MARTIN, MARTIN, RANDALL & ASSOCIATE3 years Filed as: MARTIN JR, MICHAEL V. Service code 49 80 W SIERRA MADRE BLVD STE 404 · SIERRA MADRE, CA 910242434	Other Services	$18,227
WINDES, INC.1 year Filed as: WINDES Service code 10 · EIN 95-3001179	Accounting	$5,500
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

Opportunity flags

1 tripped

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

$134K

$520 / participant

Contract admin$129K95.9%
Other / not subdivided$6K4.1%

% of EOY assets

0.785%

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: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,631

$47,766-2.4%

$82,744-43.6%

$64,819-28.1%

Participation rate

98.1%

67.7%+30.4pp

72.6%+25.5pp

71.5%+26.6pp

Annual return

-9.80%

-13.06%+3.3pp

702.22%-712.0pp

32.84%-42.6pp

Employer contribution / active EE

$3,317

$2,182+52.0%

$3,008+10.3%

$2,507+32.3%

Participant deferral / active EE

$2,678

$3,332-19.6%

$4,395-39.1%

$4,311-37.9%

Admin fee / account holder

$366

$143+156.2%

$5,325-93.1%

$188+95.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$128,546

MARTIN, MARTIN, RANDALL & ASSOCIATE3 years

Filed as: MARTIN JR, MICHAEL V.

Service code 49

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

Other Services

$18,227

WINDES, INC.1 year

Filed as: WINDES

Service code 10 · EIN 95-3001179

Accounting

$5,500

WILSHIRE ASSOCIATES INCORPORATED3 years

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