Retirement plan

PALMER GAS COMPANY PROFIT SHARING PLAN

Name: PALMER GAS COMPANY, LLC - PALMER GAS COMPANY PROFIT SHARING PLAN (2024) Form 5500
Creator: PALMER GAS COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALMER GAS COMPANY PROFIT SHARING PLAN, PALMER GAS COMPANY, LLC

PALMER GAS COMPANY, LLCEIN 02-0302213Plan #001PY 2024

13 HALL FARM ROAD - ATKINSON, NH 03811603-898-7986LinkedIn1-10 employeesoil & energy

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.4M

+23.4% from 2023

Total participants

205

+5.7% from 2023

Average account balance

$75,093

+13.8% from 2023

Annual return

21.49%

+10.38 pp from 2023

Benchmarks

See 42,204 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants100-249

Cohort42,204 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$14.42M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$75K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

192

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$728K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+21.49%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$193

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK2 years Service code 26 · EIN 04-2675571 29 SAWYER RD · WALTHAM, MA 024533483	Advisory (Participants)	$7,867
NATIONWIDE6 years Service code 18	Custodial (other than securities)	$950

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$37K

$227 / participant

Investment mgmt$35K94.9%
Contract admin$2K5.1%

% of EOY assets

0.257%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: UHY LLP
Auditor EIN: 200694403
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,093

$74,478+0.8%

Participation rate

92.0%

67.2%+24.8pp

Annual return

21.49%

1370.56%-1349.1pp

Employer contribution / active EE

$2,626-100.0%

Participant deferral / active EE

$4,464

$4,350+2.6%

Admin fee / account holder

$193

$1,946-90.1%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK2 years

Service code 26 · EIN 04-2675571

29 SAWYER RD · WALTHAM, MA 024533483

Advisory (Participants)

$7,867

NATIONWIDE6 years

Service code 18

Custodial (other than securities)

$950

PALMER GAS COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALMER GAS COMPANY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion