Plan Ledger DOL Form 5500 · updated monthly

Pec Solutions LLC401(k)

PEC SOLUTIONS, LLC PROFIT SHARING AND 401(K) PLAN · FRIDLEY, MN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Pec Solutions LLC reported $118,500 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $5,686 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 0.32% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 492nd-largest of 1,918 plans among Minnesota employers on file, and the 1,046th of 5,337 in construction. In 2024, employees put in $1.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,720,648
Participants with balances481
Active participants344
Employer contributions$1,956,085
Employee contributions$3,356,819
Employer contribution per active participant$5,686
Average account balance$105,448
Benefits paid to participants$3,918,315
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.7M · 481 accts · $2.0M emplr
2023$44.2M · 459 accts · $1.9M emplr
2022$39.6M · 482 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,824
Investment management$35,928
Trustee / custodial$33,748
Total administrative$118,500
The Pec Solutions LLC 401(k) match · 2024
Employer contribution per active participant$5,686
Median for plans this size$2,416
2024$5,686 per active participant
2023$6,563 per active participant
2022$3,162 per active participant

Pec Solutions LLC'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 · 20243
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$48,824
ADVANCED CAPITAL GROUP · Investment advisory (plan)$35,928
NEWPORT TRUST COMPANY · Trustee (discretionary) · Trustee (directed)$33,748

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$118,500 · 0.25%
2023$124,298 · 0.30%
2022$142,300 · 0.32%
Same employer
Similar plansConstruction · Minnesota
Central Specialties, Inc. MN$54.9M · 0.27%
Kraemer North America, LLC MN$53.9M · 0.20%
Flynn America LP MN$50.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061635069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.