Plan Ledger DOL Form 5500 · updated monthly

Pacific Asian Consortium in Employment401(k)

PACE 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Pacific Asian Consortium in Employment reported $146,939 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $6,996 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 fell from 0.78% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 3,598th-largest of 9,483 plans among California employers on file, and the 1,047th of 3,341 in other services. In 2024, the employer put in $2.08 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$20,272,549
Participants with balances342
Active participants244
Employer contributions$1,706,938
Employee contributions$821,407
Employer contribution per active participant$6,996
Average account balance$59,276
Benefits paid to participants$3,286,984
Plan auditUnmodified (clean) audit opinion
AuditorWINDES
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 342 accts · $1.7M emplr
2023$19.5M · 358 accts · $982K emplr
2022$18.2M · 371 accts · $836K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$132,439
Audit (IQPA)$14,500
Total administrative$146,939
The Pacific Asian Consortium in Employment 401(k) match · 2024
Employer contribution per active participant$6,996
Median for plans this size$2,416
2024$6,996 per active participant
2023$3,719 per active participant
2022$3,168 per active participant

Pacific Asian Consortium in Employment's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$132,439
WINDES · Accounting / audit$14,500
MARTIN JR, MICHAEL V. · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$146,939 · 0.74%
2023$134,827 · 0.71%
2022$137,317 · 0.78%
Same employer
Similar plansOther Services · California
Low Income Investment Fund CA$20.6M · 0.02%
San Diego Foundation CA$20.5M · 0.19%
Av Squad, LP CA$20.4M · 0.32%
S&D Car Wash Management LLC CA$19.8M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510192025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.