Plan Ledger DOL Form 5500 · updated monthly

Pace Communications, Inc.401(k)

PACE COMMUNICATIONS, INC. PROFIT SHARING PLAN · GREENSBORO, NC · plan year 2023

Reported admin expense ratio · 2023
0.29%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Pace Communications, Inc. reported $80,138 in plan administrative expenses for 2023: 0.29% of average plan assets, above the peer median. Employer contributions averaged $2,094 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.33% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 567th-largest of 2,005 plans among North Carolina employers on file, and the 785th of 2,199 in information & media. In 2023, employees put in $3.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,972,144
Participants with balances306
Active participants157
Employer contributions$328,726
Employee contributions$1,249,470
Employer contribution per active participant$2,094
Average account balance$97,948
Benefits paid to participants$1,526,089
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.6M · 278 accts · $423K emplr
2023$30.0M · 306 accts · $329K emplr
2022$24.9M · 305 accts · $408K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$35,414
Investment management$40,434
Audit (IQPA)$4,290
Total administrative$80,138
The Pace Communications, Inc. 401(k) match · 2023
Employer contribution per active participant$2,094
Median for plans this size$2,440
2024$3,409 per active participant
2023$2,094 per active participant
2022$2,793 per active participant

Pace Communications, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FIDELITY INVESTMENTS INSTITUTIONAL · Investment advisory (plan) · Loan processing$71,238

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$106,924 · 0.36%
2023$80,138 · 0.29%
2022$95,934 · 0.33%
Similar plansInformation & Media · North Carolina
Nwn Corporation NC$44.1M · 0.11%
Team Ronco Incorporated NC$31.1M · 0.22%
Eli Research, LLC NC$30.5M · 0.78%
Relay, Inc. NC$27.7M · 0.26%
Ascom US, Inc. NC$25.8M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561359910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.