Retirement plan

PALA GROUP, INC. SAVINGS PLAN AND TRUST

Name: PALA GROUP, INC. - PALA GROUP, INC. SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: PALA GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALA GROUP, INC. SAVINGS PLAN AND TRUST, PALA GROUP, INC.

PALA GROUP, INC.EIN 72-0932277Plan #001PY 2023

16347 OLD HAMMOND HIGHWAY - BATON ROUGE, LA 708161730225-272-5194

Other plans on this EIN

1 filing

#002Retirement-$34.0M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 23, 2014 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$24.6M

+26.3% from 2022

Total participants

815

+0.7% from 2022

Average account balance

$33,527

+21.0% from 2022

Annual return

24.86%

+40.43 pp from 2022

Benchmarks

See 1,503 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,503 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$25.48M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

714

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.

61.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+7.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREEENWOOD, CO 80111	Recordkeeping Fees	$77,392
EPIC RETIREMENT PLAN SERVICES1 year Filed as: ARGENT RETIREMENT PLAN ADVISORS Service code 27 621 N ROBINSON STE 100 · OKLAHOMA CITY, OK 73102	Advisory (Plan)	$30,000
CROWE LLP6 years Service code 13 225 WEST WACKER DR STE 2600 · CHICAGO, IL 606061224	Contract Administrator	$18,991
HANNIS T. BOURGEOIS, LLP9+ years Service code 10 2322 TREMONT DR · BATON ROUGE, LA 70809	Accounting	$11,727
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$9,899

Plan features & details

Pension benefit codes2E2J2K3D2F2G2T3H

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$133K

$386 / participant

Contract admin$131K98.7%
Other / not subdivided$2K1.3%

% of EOY assets

0.540%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HANNIS T. BOURGEOIS, LLP
Auditor EIN: 720636725
Audit fees: $1,727
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,527

$92,971-63.9%

$96,683-65.3%

$74,419-54.9%

Participation rate

76.2%

71.5%+4.6pp

74.3%+1.8pp

70.7%+5.4pp

Annual return

24.86%

37.49%-12.6pp

35.69%-10.8pp

34.38%-9.5pp

Employer contribution / active EE

$3,426-100.0%

$3,737-100.0%

$2,637-100.0%

Participant deferral / active EE

$3,874

$3,970-2.4%

$4,878-20.6%

$4,528-14.4%

Admin fee / account holder

$181

$633-71.4%

$6,730-97.3%

$348-48.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREEENWOOD, CO 80111

Recordkeeping Fees

$77,392

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: ARGENT RETIREMENT PLAN ADVISORS

Service code 27

621 N ROBINSON STE 100 · OKLAHOMA CITY, OK 73102

Advisory (Plan)

$30,000

CROWE LLP6 years

Service code 13

225 WEST WACKER DR STE 2600 · CHICAGO, IL 606061224

Contract Administrator

$18,991

HANNIS T. BOURGEOIS, LLP9+ years

Service code 10

2322 TREMONT DR · BATON ROUGE, LA 70809

Accounting

$11,727

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$9,899

PALA GROUP, INC. SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALA GROUP, INC. SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

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