Retirement plan

POLYQUEST, INC. 401(K) PROFIT SHARING PLAN

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

POLYQUEST, INC.EIN 36-4367889Plan #001PY 2024

1979 EASTWOOD ROAD, SUITE 201 - WILMINGTON, NC 28403910-342-9554polyquest.comLinkedIn51-200 employeesplastics

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.3M

+37.1% from 2023

Total participants

264

+49.2% from 2023

Average account balance

$57,236

-8.4% from 2023

Annual return

18.94%

-7.54 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.31M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

250

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+18.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$215

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
SANCTUARY ADVISORS LLC1 year Filed as: SANCTUARY ADVISORS, LLC Service code 99 · EIN 47-3162022 535 KEISLER DR STE 102 · CARY, NC 27518	Other Fees	$28,076
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH Service code 99	Other Fees	$6,386
EPIC RETIREMENT PLAN SERVICES2 years Filed as: RETIREMENT PLAN SERVICES, INC Service code 49 535 KEISLER DR · CARY, NC 27518	Other Services	$5,750
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 99 · EIN 13-5674085 1400 AMERICAN BLVD BLDG #4 · PENNINGTO, NJ 08534	Other Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$54K

$231 / participant

Investment mgmt$7631.4%
Contract admin$47K87.7%
Other / not subdivided$6K10.9%

% of EOY assets

0.375%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,236

$88,203-35.1%

$165,100-65.3%

$74,478-23.2%

Participation rate

94.0%

73.1%+20.8pp

78.6%+15.3pp

67.2%+26.7pp

Annual return

18.94%

17.13%+1.8pp

70.21%-51.3pp

1370.56%-1351.6pp

Employer contribution / active EE

$4,081

$2,601+56.9%

$4,348-6.1%

$2,626+55.4%

Participant deferral / active EE

$5,341

$4,505+18.6%

$6,035-11.5%

$4,350+22.8%

Admin fee / account holder

$215

$2,235-90.4%

$12,696-98.3%

$1,946-89.0%

Provider

Service type

Compensation

SANCTUARY ADVISORS LLC1 year

Filed as: SANCTUARY ADVISORS, LLC

Service code 99 · EIN 47-3162022

535 KEISLER DR STE 102 · CARY, NC 27518

Other Fees

$28,076

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH

Service code 99

Other Fees

$6,386

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: RETIREMENT PLAN SERVICES, INC

Service code 49

535 KEISLER DR · CARY, NC 27518

Other Services

$5,750

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 99 · EIN 13-5674085

1400 AMERICAN BLVD BLDG #4 · PENNINGTO, NJ 08534

Other Fees

POLYQUEST, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POLYQUEST, 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