Retirement plan

PALLADIUM BUILDERS, INC. 401(K) PROFIT SHARING PLAN

Name: PALLADIUM BUILDERS, INC. - PALLADIUM BUILDERS, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PALLADIUM BUILDERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALLADIUM BUILDERS, INC. 401(K) PROFIT SHARING PLAN, PALLADIUM BUILDERS, INC.

PALLADIUM BUILDERS, INC.EIN 20-3328882Plan #001PY 2024

51 N. MERRIMON AVE., SUITE 111 - ASHEVILLE, NC 28804828-475-4576

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$817K

+26.7% from 2023

Total participants

-14.3% from 2023

Average account balance

$163,378

+26.7% from 2023

Annual return

14.37%

-3.82 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$817K

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$94K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2820

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$14K

$2350 / participant

Other / not subdivided$14K100.0%

% of EOY assets

1.726%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,378

$110,410+48.0%

$102,437+59.5%

$145,897+12.0%

Participation rate

83.3%

77.9%+5.4pp

74.5%+8.8pp

80.3%+3.0pp

Annual return

14.37%

24.85%-10.5pp

24.95%-10.6pp

552.29%-537.9pp

Employer contribution / active EE

$3,300

$4,217-21.7%

$3,871-14.7%

$4,663-29.2%

Participant deferral / active EE

$12,306

$5,622+118.9%

$5,060+143.2%

$6,689+84.0%

Admin fee / account holder

$2,820

$9,745-71.1%

$8,388-66.4%

$13,390-78.9%

PALLADIUM BUILDERS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALLADIUM BUILDERS, INC. 401(K) 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