Retirement plan

PALOMA PARTNERS RETIREMENT PLAN

Name: PALOMA PARTNERS MANAGEMENT COMPANY - PALOMA PARTNERS RETIREMENT PLAN (2024) Form 5500
Creator: PALOMA PARTNERS MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALOMA PARTNERS RETIREMENT PLAN, PALOMA PARTNERS MANAGEMENT COMPANY

PALOMA PARTNERS MANAGEMENT COMPANYEIN 13-3145891Plan #001PY 2024

2 AMERICAN LANE - GREENWICH, CT 068312559203-861-3227paloma.comLinkedIn51-200 employeesfinancial services

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$80.8M

+0.1% from 2023

Total participants

167

+8.4% from 2023

Average account balance

$549,841

+2.9% from 2023

Annual return

12.92%

-3.90 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.83M

Not enough data

1 years with asset history on file

Average account balance

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

$550K

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.

147

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.

72.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+12.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 27 · EIN 20-8764829	Advisory (Plan)	$40,000
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL BANKING OPERA Service code 27 · EIN 26-4310632	Advisory (Plan)	$40,000
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$25,317
ERNST & YOUNG LLP1 year Filed as: ERNST AND YOUNG LLP Service code 10 · EIN 34-6565596	Accounting	$18,000

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$43K

$602 / participant

Contract admin$25K58.5%
Other / not subdivided$18K41.5%

% of EOY assets

0.054%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST AND YOUNG LLP
Auditor EIN: 346565596
Audit fees: $18,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$549,841

$138,393+297.3%

$184,256+198.4%

$80,959+579.2%

Participation rate

72.2%

83.9%-11.7pp

86.8%-14.6pp

67.7%+4.6pp

Annual return

12.92%

20.01%-7.1pp

28.85%-15.9pp

35.67%-22.8pp

Employer contribution / active EE

$7,742

$4,847+59.7%

$6,427+20.5%

$2,757+180.8%

Participant deferral / active EE

$22,766

$7,076+221.7%

$9,133+149.3%

$4,300+429.4%

Admin fee / account holder

$295

$10,489-97.2%

$13,899-97.9%

$6,925-95.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 20-8764829

Advisory (Plan)

$40,000

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY GLOBAL BANKING OPERA

Service code 27 · EIN 26-4310632

Advisory (Plan)

$40,000

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$25,317

ERNST & YOUNG LLP1 year

Filed as: ERNST AND YOUNG LLP

Service code 10 · EIN 34-6565596

Accounting

$18,000

PALOMA PARTNERS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALOMA PARTNERS RETIREMENT 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