Plan Snapshot
- Plan Sponsor: Pec Solutions LLC
- Sponsor EIN: 061635069
- Sponsor Address: 5960 MAIN STREET NORTH EAST, FRIDLEY, MN, 55432
- Plan Type: 401(k)
- Total Participants: 344
- Total Assets: $50.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 344 | $50.7M | $2.0M | $3.4M |
| 2023 | 282 | $44.2M | $1.9M | $3.0M |
| 2022 | 353 | $39.6M | $1.1M | $3.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| NEWPORT GROUP, INC. | RECORDKEEPER | $48,824 | — | $48,824 |
| ADVANCED CAPITAL GROUP | ADVISOR | $35,928 | — | $35,928 |
| NEWPORT TRUST COMPANY | TRUSTEE | $33,748 | — | $33,748 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,500
- Estimated Expense Ratio: 0.234% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $118,500 | $35,928 | $42,269 | — | — |
| 2023 | $124,298 | $44,346 | $42,237 | — | — |
| 2022 | $142,300 | $46,094 | $82,353 | — | $13,853 |