Plan Ledger DOL Form 5500 · updated monthly

Pencco, Inc.401(k)

PENCCO, INC. 401(K) PLAN · SAN FELIPE, TX · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Pencco, Inc. reported $41,241 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,611 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 1.30% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Texas (3,941st of 5,688), and 1,575th of 2,677 in transportation & warehousing. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,468,180
Participants with balances140
Active participants184
Employer contributions$296,458
Employee contributions$597,648
Employer contribution per active participant$1,611
Average account balance$39,058
Benefits paid to participants$342,990
Plan auditUnmodified (clean) audit opinion
AuditorCOTLAR PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$5.5M · 140 accts · $296K emplr
2022$2.2M · 94 accts · $159K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,172
Investment management$69
Total administrative$41,241
The Pencco, Inc. 401(k) match · 2024
Employer contribution per active participant$1,611
Median for plans this size$1,313
2024$1,611 per active participant
2022$1,528 per active participant

Pencco, Inc.'s 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,008

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

Administrative cost history2
2024$41,241 · 0.87%
2022$29,311 · 1.30%
Similar plansTransportation & Warehousing · Texas

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Source: U.S. Department of Labor, Form 5500 series, EIN 742333384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.