Plan Ledger DOL Form 5500 · updated monthly

Pacific Bearing Corp.401(k)

PACIFIC BEARING COMPANY ASSOCIATES' RETIREMENT PLAN · ROSCOE, IL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Pacific Bearing Corp. reported $31,607 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $710 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 0.80% to 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,591st of 3,702), and 9,630th of 13,661 in manufacturing. In 2024, employees put in $4.94 for every $1.00 the employer contributed; active participation has shrunk from 243 to 200 since 2022.

Plan summary
Net assets, end of year$8,088,875
Participants with balances160
Active participants200
Employer contributions$142,015
Employee contributions$700,893
Employer contribution per active participant$710
Average account balance$50,555
Benefits paid to participants$1,342,807
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 160 accts · $142K emplr
2023$7.3M · 150 accts · $80K emplr
2022$6.3M · 210 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,616
Investment management$20,991
Total administrative$31,607
The Pacific Bearing Corp. 401(k) match · 2024
Employer contribution per active participant$710
Median for plans this size$1,313
2024$710 per active participant
2023$371 per active participant
2022$584 per active participant

Pacific Bearing Corp.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
CERTIFIED PLANNING SERVICES, LLC · Recordkeeping · Trustee$20,691
ADP, INC. · Loan processing · Recordkeeping$10,235
CHARLES SCHWAB INVESTMENT MGMT INC. · Securities brokerage$68
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, CERTIFIED PLANNING SERVICES, LLC
2023Newport (Ascensus)

This plan has changed recordkeepers within these filings. If you left Pacific Bearing Corp. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$31,607 · 0.41%
2023$59,504 · 0.87%
2022$53,203 · 0.80%
Similar plansManufacturing · Illinois
Durex Industries IL$8.1M · 0.07%
Colony Display, LLC IL$8.1M · 0.04%
Iplastics LLC IL$8.1M · 0.64%
Morgan Li, LLC IL$8.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363259223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.