Retirement plan

PACE ENGINEERS, INC 401(K) PROFIT SHARING PLAN

Name: PACE ENGINEERS, INC. - PACE ENGINEERS, INC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: PACE ENGINEERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACE ENGINEERS, INC 401(K) PROFIT SHARING PLAN, PACE ENGINEERS, INC.

PACE ENGINEERS, INC.EIN 91-1553757Plan #001PY 2021

11255 KIRKLAND WAY, SUITE 300 - KIRKLAND, WA 98033425-827-2014paceengrs.comLinkedIn51-200 employeescivil engineering

Other plans on this EIN

1 filing

#002Retirement-$5.7M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.3M

+14.9% from 2020

Total participants

159

-1.2% from 2020

Average account balance

$96,907

-2.1% from 2020

Annual return

13.84%

-2.58 pp from 2020

Benchmarks

See 5,715 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,715 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.00M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

152

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$952K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$379

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 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC6 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 26 · EIN 13-2638166	Advisory (Participants)	$32,649
NWPS1 year Service code 15 · EIN 91-1526584 4025 DELRIDGE WAY SW SUITE 250 · SEATTLE, WA 98106	Recordkeeping	$19,248

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$53K

$420 / participant

Investment mgmt$33K61.7%
Other / not subdivided$20K38.3%

% of EOY assets

0.369%

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: STAMBAUGH NESS
Auditor EIN: 232846715
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,907

$104,479-7.2%

$159,474-39.2%

$79,391+22.1%

Participation rate

91.3%

76.6%+14.6pp

82.8%+8.4pp

70.7%+20.6pp

Annual return

13.84%

67.98%-54.1pp

263.68%-249.8pp

116.88%-103.0pp

Employer contribution / active EE

$3,417-100.0%

$4,831-100.0%

$2,428-100.0%

Participant deferral / active EE

$7,301

$6,468+12.9%

$7,353-0.7%

$4,046+80.4%

Admin fee / account holder

$357

$711-49.8%

$10,802-96.7%

$627-43.0%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC6 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 26 · EIN 13-2638166

Advisory (Participants)

$32,649

NWPS1 year

Service code 15 · EIN 91-1526584

4025 DELRIDGE WAY SW SUITE 250 · SEATTLE, WA 98106

Recordkeeping

$19,248

PACE ENGINEERS, INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACE ENGINEERS, INC 401(K) 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