Retirement plan

PALMER GROUP 401(K) PLAN

Name: PALMER COMPANIES, INC. - PALMER GROUP 401(K) PLAN (2017) Form 5500
Creator: PALMER COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALMER GROUP 401(K) PLAN, PALMER COMPANIES, INC.

PALMER COMPANIES, INC.EIN 42-1480932Plan #001PY 2017

3737 WOODLAND AVENUE, SUITE 200 - WEST DES MOINES, IA 50266515-224-4480

Other plans on this EIN

1 filing

#002Retirement-$4.4M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6.4M

+18.7% from 2016

Total participants

156

+27.9% from 2016

Average account balance

$66,074

+0.3% from 2016

Annual return

21.01%

+12.84 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.25M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

148

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.

63.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$809K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.34%

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
COMMONWEALTH FINANCIAL NETWORK1 year Filed as: COMMONWEALTH EQUITY SERVICES INC Service code 10 29 SAWYER ROAD · WALTHAM, MA 024533483	Accounting	$10,179
PACO INC1 year Filed as: PACO, INC. Service code 13 1200 VALLEY WEST DRIVE STE 507 · WEST DES MOINES, IA 502661906	Contract Administrator	$5,343

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$16K

$127 / participant

Investment mgmt$10K63.8%
Contract admin$6K36.2%

% of EOY assets

0.249%

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: BROOKS LODDEN, P.C.
Auditor EIN: 421229486
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,074

$80,753-18.2%

$136,298-51.5%

$62,293+6.1%

Participation rate

53.2%

73.5%-20.4pp

81.9%-28.7pp

69.5%-16.3pp

Annual return

21.01%

35.83%-14.8pp

5156.27%-5135.3pp

28.90%-7.9pp

Employer contribution / active EE

$2,884-100.0%

$4,696-100.0%

$2,042-100.0%

Participant deferral / active EE

$3,561

$5,164-31.0%

$6,247-43.0%

$3,169+12.4%

Admin fee / account holder

$164

$525-68.7%

$9,244-98.2%

$479-65.7%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Filed as: COMMONWEALTH EQUITY SERVICES INC

Service code 10

29 SAWYER ROAD · WALTHAM, MA 024533483

Accounting

$10,179

PACO INC1 year

Filed as: PACO, INC.

Service code 13

1200 VALLEY WEST DRIVE STE 507 · WEST DES MOINES, IA 502661906

Contract Administrator

$5,343

PALMER GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALMER GROUP 401(K) 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