Plan Ledger DOL Form 5500 · updated monthly

Pioneer Apco LLCProfit-sharing plan

PIONEER APCO LLC 401(K) PLAN · GREENBORO, NC · plan year 2023

Reported admin expense ratio · 2023
2.01%

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

Pioneer Apco LLC reported $73,999 in plan administrative expenses for 2023: 2.01% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,428 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 rose from 1.43% to 2.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,455th of 2,005), and 9,764th of 11,654 in professional & technical services. In 2023, employees put in $2.14 for every $1.00 the employer contributed; active participation has grown from 268 to 336 since 2022.

Plan summary
Net assets, end of year$5,087,251
Participants with balances218
Active participants336
Employer contributions$815,970
Employee contributions$1,746,202
Employer contribution per active participant$2,428
Average account balance$23,336
Benefits paid to participants$1,022,692
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$132 · $568K emplr
2023$5.1M · 218 accts · $816K emplr
2022$2.3M · 173 accts · $429K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$73,999
Total administrative$73,999
Employer contributions to the Pioneer Apco LLC plan · 2023
Employer contribution per active participant$2,428
Median for plans this size$1,308
2023$2,428 per active participant
2022$1,602 per active participant

Pioneer Apco LLC's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
GALLAGHER BENEFIT SERVICES · Investment advisory (plan)$7,594
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$6,808
ASCENSUS HOLDINGS INC · Contract administrator$4,525

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$60,628 · 2.38%
2023$73,999 · 2.01%
2022$22,296 · 1.43%
Similar plansProfessional & Technical Services · North Carolina
Zift Solutions, Inc. NC$5.3M · 0.47%
Worksmart, Inc. NC$4.7M · 0.80%
K2 Solutions Inc. NC$4.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814423588 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.