Plan Ledger DOL Form 5500 · updated monthly

Pacesetter Claims Service, Inc.401(k)

PACESETTER CLAIMS SERVICE, INC. 401(K) PROFIT SHARING PLAN AND TRUST · TULSA, OK · plan year 2023

Reported admin expense ratio · 2023
1.08%

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

Pacesetter Claims Service, Inc. reported $25,218 in plan administrative expenses for 2023: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $131 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 1 year on file its reported administrative ratio fell from 1.18% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Oklahoma (622nd of 724), and 4,617th of 4,798 in finance & insurance. In 2023, employees put in $12.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,625,514
Participants with balances91
Active participants256
Employer contributions$33,442
Employee contributions$432,794
Employer contribution per active participant$131
Average account balance$28,852
Benefits paid to participants$174,989
Plan auditUnmodified (clean) audit opinion
AuditorHEATHERINGTON & FIELDS
Plan history2
Yearassets · accounts · employer contribution
2023$2.6M · 91 accts · $33K emplr
2022$2.0M · 88 accts · $35K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,882
Investment management$12,498
Audit (IQPA)$3,838
Total administrative$25,218
The Pacesetter Claims Service, Inc. 401(k) match · 2023
Employer contribution per active participant$131
Median for plans this size$1,308
2023$131 per active participant
2022$530 per active participant

Pacesetter Claims Service, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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 · 20235
CETERA ADVISOR NETWORKS LLC · Investment advisory (plan)$5,807
HEATHERINGTON & FIELDS · Accounting / audit$3,838
EMPOWER ADVISORY GROUP, LLC · Investment management$3,585
CETERA INVESTMENT ADVISERS LLC · Investment advisory (plan)$3,106

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

Administrative cost history2
2023$25,218 · 1.08%
2022$28,957 · 1.18%
Same employer
Similar plansFinance & Insurance · Oklahoma
Bankonit, LLC OK$6.3M · 0.07%
Grand Savings Bank OK$6.2M · 0.55%
Premier Processing LLC PA$2.6M · 2.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731533956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.