Retirement plan

PARAMOUNT EXPORT COMPANY PROFIT SHARING AND 401(K) PLAN

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

PARAMOUNT EXPORT COMPANYEIN 94-1424927Plan #001PY 2024

175 FILBERT STREET, SUITE 201 - OAKLAND, CA 94607510-839-0150paramountexport.netLinkedIn51-200 employeesimport and export

Other plans on this EIN

1 filing

#002Retirement-$13.6M assets

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$39M

+22.0% from 2023

Total participants

117

-1.7% from 2023

Average account balance

$358,005

+25.4% from 2023

Annual return

24.46%

+10.96 pp from 2023

Benchmarks

See 8,999 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,999 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.02M

Not enough data

1 years with asset history on file

Average account balance

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

$358K

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.

109

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.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$348K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+24.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$267

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 3 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH2 years Service code 34 · EIN 20-1665305	Direct payment from the plan; Valuati...	$15,000
MILLIMAN, INC.9+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$14,098
MATRIX TRUST COMPANY9+ years Service code 21 · EIN 75-3182674	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2H2I2J2O2R2T

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).
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.
2I
Stock bonus
Stock bonus plan.
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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$29K

$520 / participant

Recordkeeping$14K48.5%
Investment mgmt$15K51.5%

% of EOY assets

0.075%

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: COMYNS, SMITH, MCCLEARY & DEAVER, L
Auditor EIN: 680307221
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$358,005

$101,778+251.8%

$164,975+117.0%

$80,925+342.4%

Participation rate

85.7%

71.8%+13.9pp

78.6%+7.1pp

67.7%+18.1pp

Annual return

24.46%

16.73%+7.7pp

70.12%-45.7pp

35.65%-11.2pp

Employer contribution / active EE

$2,954-100.0%

$4,343-100.0%

$2,756-100.0%

Participant deferral / active EE

$6,216

$4,477+38.8%

$6,033+3.0%

$4,299+44.6%

Admin fee / account holder

$267

$8,221-96.8%

$12,688-97.9%

$6,940-96.2%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH2 years

Service code 34 · EIN 20-1665305

Direct payment from the plan; Valuati...

$15,000

MILLIMAN, INC.9+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$14,098

MATRIX TRUST COMPANY9+ years

Service code 21 · EIN 75-3182674

Bank Trustee

PARAMOUNT EXPORT COMPANY PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAMOUNT EXPORT COMPANY PROFIT SHARING AND 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