Plan Ledger DOL Form 5500 · updated monthly

Pacesetter Steel Service, Inc.401(k)

PACESETTER STEEL SERVICE, INC. PROFIT SHARING RETIREMENT PLAN · KENNESAW, GA · plan year 2023

Reported admin expense ratio · 2023
0.32%

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

Pacesetter Steel Service, Inc. reported $40,423 in plan administrative expenses for 2023: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,767 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 rose from 0.28% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,067th-largest of 2,160 plans among Georgia employers on file, and 2,510th of 4,246 in wholesale trade. In 2023, employees put in $2.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,574,647
Participants with balances178
Active participants106
Employer contributions$293,272
Employee contributions$715,147
Employer contribution per active participant$2,767
Average account balance$76,262
Benefits paid to participants$1,322,030
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT DAVIS, LLC/PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$13.6M · 178 accts · $293K emplr
2022$12.0M · 178 accts · $294K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,423
Total administrative$40,423
The Pacesetter Steel Service, Inc. 401(k) match · 2023
Employer contribution per active participant$2,767
Median for plans this size$2,440
2023$2,767 per active participant
2022$2,718 per active participant

Pacesetter Steel Service, Inc.'s 2023 employer contribution ran above 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 · 20233
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$25,423
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processingindirect comp
ELLIOTT DAVIS LLC/PLLC · Accounting / audit$15,000

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$40,423 · 0.32%
2022$37,136 · 0.28%
Same employer
Similar plansWholesale Trade · Georgia
GOOD2GROW LLC GA$14.8M · 0.57%
Pro Marketing, Inc. GA$14.3M · 0.09%
Satair USA, Inc. GA$14.2M · 0.03%
Takeuchi Mfg (U.S.), LTD GA$13.3M · 0.28%
Leon Farmer & Company GA$12.7M · 0.42%
Stewart Candy Company GA$12.2M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581300254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.