Retirement plan

PALMER GAS COMPANY, INC. PROFIT SHARING PLAN

Name: PALMER GAS COMPANY, INC. - PALMER GAS COMPANY, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: PALMER GAS COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALMER GAS COMPANY, INC. PROFIT SHARING PLAN, PALMER GAS COMPANY, INC.

PALMER GAS COMPANY, INC.EIN 02-0302213Plan #001PY 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$10.9M

-0.5% from 2019

Total participants

149

-5.1% from 2019

Average account balance

$74,477

+4.9% from 2019

Annual return

7.10%

-1.12 pp from 2019

Benchmarks

See 435 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort435 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
NATIONWIDE2 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$56,170

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$61K

$522 / participant

Investment mgmt$55K91.2%
Contract admin$5K8.8%

% of EOY assets

0.553%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BIGELOW & COMPANY CPAS PLLC
Auditor EIN: 020394333
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,477

$55,122+35.1%

$104,625-28.8%

$73,493+1.3%

Participation rate

98.3%

67.7%+30.5pp

74.1%+24.2pp

70.7%+27.6pp

Annual return

7.10%

24.77%-17.7pp

340.60%-333.5pp

28.51%-21.4pp

Employer contribution / active EE

$1,764

$1,464+20.5%

$2,681-34.2%

$2,270-22.3%

Participant deferral / active EE

$4,254

$2,919+45.7%

$3,738+13.8%

$3,740+13.8%

Admin fee / account holder

$412

$423-2.6%

$6,465-93.6%

$513-19.7%

Provider

Service type

Compensation

NATIONWIDE2 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$56,170

PALMER GAS COMPANY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALMER GAS COMPANY, INC. 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