Retirement plan

PALMCO ADMINISTRATION LLC 401 K PROFIT SHARING PLAN TRUST

Name: PALMCO ADMINISTRATION LLC - PALMCO ADMINISTRATION LLC 401 K PROFIT SHARING PLAN TRUST (2016) Form 5500
Creator: PALMCO ADMINISTRATION LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALMCO ADMINISTRATION LLC 401 K PROFIT SHARING PLAN TRUST, PALMCO ADMINISTRATION LLC

PALMCO ADMINISTRATION LLCEIN 45-5554132Plan #001PY 2016

8751 18TH AVENUE - BROOKLYN, NY 112144605718-851-6655LinkedIn11-50 employeeshuman resources

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$125K

+135.6% from 2015

Total participants

+18.8% from 2015

Average account balance

$4,318

+119.3% from 2015

Annual return

9.37%

+28.89 pp from 2015

Benchmarks

See 3,584 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort3,584 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.13M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

108

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.

142.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$679K

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

+19.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$997

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 codes2E2F2G2J2T3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$8K

$263 / participant

Other / not subdivided$8K100.0%

% of EOY assets

6.299%

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

$4,318

$43,075-90.0%

$74,577-94.2%

$62,881-93.1%

Participation rate

70.0%

58.1%+11.9pp

68.1%+1.9pp

69.3%+0.7pp

Annual return

9.37%

17.50%-8.1pp

20.47%-11.1pp

20.14%-10.8pp

Employer contribution / active EE

$1,605

$1,498+7.1%

$2,525-36.5%

$2,281-29.7%

Participant deferral / active EE

$809

$2,389-66.1%

$3,458-76.6%

$3,203-74.7%

Admin fee / account holder

$272

$2,840-90.4%

$4,138-93.4%

$4,296-93.7%

PALMCO ADMINISTRATION LLC 401 K PROFIT SHARING PLAN TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALMCO ADMINISTRATION LLC 401 K 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