Retirement plan

PARAMOUNT EXPORT COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Name: PARAMOUNT EXPORT COMPANY - PARAMOUNT EXPORT COMPANY EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: PARAMOUNT EXPORT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAMOUNT EXPORT COMPANY EMPLOYEE STOCK OWNERSHIP PLAN, PARAMOUNT EXPORT COMPANY

PARAMOUNT EXPORT COMPANYEIN 94-1424927Plan #002PY 2019

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

Other plans on this EIN

1 filing

#001Retirement-$30.2M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.1M

-13.3% from 2018

Total participants

139

-2.8% from 2018

Average account balance

$52,626

-11.4% from 2018

Annual return

-12.84%

-12.84 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.59M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

140

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+3.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
MILLIMAN, INC.2+ years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$23,107
ACCLARO VALUATION ADVISORS2+ years Service code 34 · EIN 46-0553969	Valuation (appraisals, etc.); Direct ...	$9,000
COMYNS, SMITH, MCCLEARY & DEAVER2+ years Service code 10 · EIN 68-0307221	Accounting	$7,875
MATRIX TRUST COMPANY1 year Service code 21 · EIN 75-3182674	Bank Trustee	$5,215

Plan features & details

Pension benefit codes2E2F2H2T2P

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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$45K

$419 / participant

Other / not subdivided$45K100.0%

% of EOY assets

0.636%

all-in expense ratio

Categories reported

0 / 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, DEAVE, LLP
Auditor EIN: 680307221
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,626

$86,341-39.0%

$125,195-58.0%

$65,186-19.3%

Participation rate

96.3%

75.3%+21.0pp

79.8%+16.5pp

70.2%+26.1pp

Annual return

-12.84%

27.44%-40.3pp

43.79%-56.6pp

29.39%-42.2pp

Employer contribution / active EE

$1,848

$2,040-9.4%

$3,866-52.2%

$2,177-15.1%

Participant deferral / active EE

$3,538-100.0%

$4,937-100.0%

$3,514-100.0%

Admin fee / account holder

$335

$609-45.1%

$9,704-96.5%

$847-60.5%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$23,107

ACCLARO VALUATION ADVISORS2+ years

Service code 34 · EIN 46-0553969

Valuation (appraisals, etc.); Direct ...

$9,000

COMYNS, SMITH, MCCLEARY & DEAVER2+ years

Service code 10 · EIN 68-0307221

Accounting

$7,875

MATRIX TRUST COMPANY1 year

Service code 21 · EIN 75-3182674

Bank Trustee

$5,215

PARAMOUNT EXPORT COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAMOUNT EXPORT COMPANY EMPLOYEE STOCK OWNERSHIP 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