Plan Ledger DOL Form 5500 · updated monthly

The Pace Gallery, LLC401(k)

THE PACE GALLERY EMPLOYEE 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

The Pace Gallery, LLC reported $59,950 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $4,637 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 0.50% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,593rd-largest of 5,648 plans among New York employers on file, and the 1,517th of 5,215 in retail trade. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$19,128,792
Participants with balances295
Active participants234
Employer contributions$1,085,023
Employee contributions$1,905,055
Employer contribution per active participant$4,637
Average account balance$64,843
Benefits paid to participants$1,865,837
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 295 accts · $1.1M emplr
2023$15.1M · 275 accts · $1.1M emplr
2022$10.8M · 272 accts · $777K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,406
Investment management$54,544
Total administrative$59,950
The The Pace Gallery, LLC 401(k) match · 2024
Employer contribution per active participant$4,637
Median for plans this size$2,416
2024$4,637 per active participant
2023$4,928 per active participant
2022$3,058 per active participant

The Pace Gallery, 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
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Trustee$54,544
ADP, INC. · Loan processing · Recordkeeping$5,406
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, GLOBAL RETIREMENT PARTNERS
2023ADP, GLOBAL RETIREMENT PARTNERS

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Administrative cost history3
2024$59,950 · 0.35%
2023$57,467 · 0.44%
2022$55,882 · 0.50%
Same employer
Similar plansRetail Trade · New York
Ganz U.S.A. LLC NY$19.5M · 0.13%
Maxmara USA, Inc. NY$19.5M · 0.47%
Pepe Motors Corp. NY$18.7M · 0.03%
Stanton Carpet Corp. NY$18.6M · 0.34%
Helms Bros. Inc. NY$18.5M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133745554 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.