Retirement plan

PAVE AMERICA 401(K) PLAN

Name: PAVE AMERICA INTERCO, LLC - PAVE AMERICA 401(K) PLAN (2024) Form 5500
Creator: PAVE AMERICA INTERCO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAVE AMERICA 401(K) PLAN, PAVE AMERICA INTERCO, LLC

PAVE AMERICA INTERCO, LLCEIN 87-1034990Plan #001PY 2024

6801 KENNEDY ROAD, SUITE 201 - WARRENTON, VA 20187703-368-2289paveamerica.comLinkedIn1001-5000 employeesconstruction

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$47M

+155.3% from 2023

Total participants

1,926

+185.3% from 2023

Average account balance

$51,347

-15.8% from 2023

Annual return

138.61%

-193.09 pp from 2023

Benchmarks

See 562 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort562 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.03M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

916

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.

40.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.81M

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

+138.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$185

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	$96,977
KESTRA INVESTMENT SERVICES LLC3+ years Service code 27 · EIN 35-2552359	Advisory (Plan)	$49,576
THOMPSON HINE1 year Filed as: THOMPSON GREENSPON Service code 10 · EIN 54-1029635	Accounting	$23,285

Plan features & details

Pension benefit codes2G2J2K3D3H2F

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$170K

$100 / participant

Recordkeeping$97K57.1%
Investment mgmt$50K29.2%
Other / not subdivided$23K13.7%

% of EOY assets

0.361%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THOMPSON GREENSPON
Auditor EIN: 541029635
Audit fees: $23,285
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,347

$241,101-78.7%

$103,374-50.3%

$199,768-74.3%

Participation rate

40.3%

78.3%-38.0pp

74.5%-34.2pp

72.0%-31.7pp

Annual return

138.61%

17.80%+120.8pp

24.89%+113.7pp

34.26%+104.3pp

Employer contribution / active EE

$1,668

$4,244-60.7%

$3,869-56.9%

$3,037-45.1%

Participant deferral / active EE

$3,541

$3,958-10.5%

$5,058-30.0%

$5,090-30.4%

Admin fee / account holder

$185

$288-35.5%

$8,394-97.8%

$269-31.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

$96,977

KESTRA INVESTMENT SERVICES LLC3+ years

Service code 27 · EIN 35-2552359

Advisory (Plan)

$49,576

THOMPSON HINE1 year

Filed as: THOMPSON GREENSPON

Service code 10 · EIN 54-1029635

Accounting

$23,285

PAVE AMERICA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAVE AMERICA 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