Pacific Retirement Services 401(k) match, vesting and fees
What Pacific Retirement Services' 401(k) plan says about matching contributions
Employer safe harbor – The Company makes safe harbor contributions of 100% of participant deferrals, not to exceed 4% of the participant’s eligible compensation, as defined in the Plan document.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 35 ↗ |
| Match vesting | Vesting – Participants are vested immediately in their contributions and company matching contributions, plus actual earnings. Vesting in the Company’s profit sharing contribution portion of their accounts is based on years of service. A participant is 100% vested after three years of credited service, as defined by the Plan, and upon death or total and permanent disability. | Audit report, p. 36 ↗ |
| Roth contributions | Participants may also elect to make Roth contributions utilizing after-tax contributions. | Audit report, p. 35 ↗ |
| Loans | Notes receivable from participants – Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are issued by the Plan and secured by the balance in the participant’s account. All loans must be repaid within a period of five years, unless the loan is used to purchase a principal residence, in which case, the loan must be repaid within a reasonable period of time not to exceed 15 years. Under the terms of the Plan document, Plan loans will bear a reasonable rate of interest. As of December 31, 2024, the rates of interest on outstanding loans ranged between 4.75% and 10% with various maturities through May 2039. | Audit report, p. 36 ↗ |
| Recordkeeper | Valic Retirement Services Co. | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,281 defined-contribution plans in health care and social assistance with 1,000 to 4,999 participants.
| Pacific Retirement Services: employer contribution per participant | $3,028 | |
| Peer median | $1,358 |
| Pacific Retirement Services: average balance | $48,999 | |
| Peer median | $44,442 |
| Pacific Retirement Services: admin expenses ÷ assets | 0.33% | |
| Peer median | 0.21% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $97M at the end of plan year 2023 to $112M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,808 | $112M | $6.9M | $3,028 | 0.33% | Quoted in the audit report, p. 35 ↗ | Form 5500 ↗ |
| 2023 | 3,501 | $97M | $6.3M | $2,712 | 0.27% | Not published | Form 5500 ↗ |
Common questions
Does Pacific Retirement Services match 401(k) contributions?
The audit report attached to the Pacific Retirement Services, Inc. 401(k) Plan's plan year 2024 Form 5500, page 35 says: “Employer safe harbor – The Company makes safe harbor contributions of 100% of participant deferrals, not to exceed 4% of the participant’s eligible compensation, as defined in the Plan document.” Plan terms may have changed; check your current Summary Plan Description.
When is the Pacific Retirement Services 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 36 says: “Vesting – Participants are vested immediately in their contributions and company matching contributions, plus actual earnings. Vesting in the Company’s profit sharing contribution portion of their accounts is based on years of service. A participant is 100% vested after three years of credited service, as defined by the Plan, and upon death or total and permanent disability.”
Who manages the Pacific Retirement Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Valic Retirement Services Co.. The plan administrator is Pacific Retirement Services, Inc..
I left Pacific Retirement Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Pacific Retirement Services, Inc., (541) 200-9092) or the recordkeeper, Valic Retirement Services Co.. The Pacific Retirement Services old 401(k) page lists the contacts from every plan filing. Find an old Pacific Retirement Services 401(k)
Data from the public Form 5500 annual reports Pacific Retirement Services filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Pacific Retirement Services. Not financial advice. Report a correction · Methodology