Retirement plan

PALMER HOLLAND, INC. PROFIT SHARING PLAN & TRUST

Name: PALMER HOLLAND, INC. - PALMER HOLLAND, INC. PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: PALMER HOLLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALMER HOLLAND, INC. PROFIT SHARING PLAN & TRUST, PALMER HOLLAND, INC.

PALMER HOLLAND, INC.EIN 34-0764574Plan #001PY 2019

25000 COUNTRY CLUB BLVD., STE 444 - NORTH OLMSTED, OH 44070440-686-2300palmerholland.comLinkedIn201-500 employeeschemicals

Other plans on this EIN

1 filing

#002Retirement-$3.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$22.3M

+23.3% from 2018

Total participants

151

+1.3% from 2018

Average account balance

$148,369

+20.8% from 2018

Annual return

22.89%

+28.64 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.91M

Not enough data

1 years with asset history on file

Average account balance

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

$133K

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.

269

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$383

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
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 26 · EIN 13-2638166 1000 HARBOR BLVD., 6TH FLOOR · WEEHAWKEN, NJ 07086	Advisory (Participants)	$126,462
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 211 MAIN STREET · SAN FRANCISCO, CA 94105	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2H2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$202K

$1544 / participant

Investment mgmt$200K98.9%
Contract admin$2K1.1%

% of EOY assets

0.909%

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: COHEN & COMPANY
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,369

$86,341+71.8%

$125,195+18.5%

$65,186+127.6%

Participation rate

99.2%

75.3%+23.9pp

79.8%+19.5pp

70.2%+29.0pp

Annual return

22.89%

27.44%-4.5pp

43.79%-20.9pp

29.39%-6.5pp

Employer contribution / active EE

$7,151

$2,040+250.6%

$3,866+85.0%

$2,177+228.5%

Participant deferral / active EE

$8,074

$3,538+128.2%

$4,937+63.5%

$3,514+129.8%

Admin fee / account holder

$1,349

$609+121.3%

$9,704-86.1%

$847+59.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 26 · EIN 13-2638166

1000 HARBOR BLVD., 6TH FLOOR · WEEHAWKEN, NJ 07086

Advisory (Participants)

$126,462

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

211 MAIN STREET · SAN FRANCISCO, CA 94105

Securities Custodian

PALMER HOLLAND, INC. PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALMER HOLLAND, INC. PROFIT SHARING PLAN & TRUST

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