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FORM 5500 DATA

P&M Holding Group, LLP & Affiliated Entities Tax Savings Plan

Overview

Plan Information

  • Plan Year07/01/2006 — 06/30/2007
  • Date of Plan06/01/1984
  • Net Assets as of 06/30/2007 $128,297,397
  • Plan Number3
  • Plan Type Multiple Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 06/30/2007

  • Active (Eligible) Participants1,481
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits489
  • Subtotal1,970
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,970
  • Total number of participants as of 07/01/20061,837
  • Number of participants with account balances1,677
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA122

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressPo Box 307
  • CitySouthfield
  • StateMI
  • Zip48037-0307
  • Telephone(248) 352-2500
  • EIN38-1357951
  • Industry Code541211
  • Named AdministratorRonald P. Eckstein
  • Named Plan SponsorRonald P. Eckstein

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorAndrews Hooper & Pavlik, P.L.C.
  • Auditor EIN38-3133790
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all 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 A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees 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 if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
3B Self-Employed Plan Plan covering Self-Employed individuals.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No

Financials

Income and Expense Statement

Income $33,685,897
Contributions $14,974,477
Cash Contributions $14,974,477
Cash from Employers $619,621
Cash from Participants $8,621,779
Others (including rollovers) $5,733,077
Noncash Contributions $0
Total Earnings on Investments $18,711,420
Total Interest $197,416
Interest-Bearing Cash $131,781
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $65,635
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $18,514,004
Other Income $0
Expenses $4,862,385
Total Benefit Payments $4,802,702
Directly to participants or beneficiaries, including direct rollovers $4,802,702
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $3,733
Interest expense $0
Total Administrative Expenses $55,950
Professional Fees $17,096
Contract Administrator Fees $0
Investment Advisory and management fees $38,854
Other Administrative Fees $0
Net Income $28,823,512
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2007 06/30/2006 Change YOY
Total Assets $128,297,397 $99,473,885 28.98%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $617,521 $558,185 10.63%
Employer Contributions $617,521 $558,185 10.63%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $3,254,567 $2,557,299 27.27%
Interest-bearing cash $3,254,567 $2,557,299 27.27%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $886,330 $779,133 13.76%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $123,538,979 $95,579,268 29.25%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $128,297,397 $99,473,885 28.98%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
The Charles Schwab Company Investment Management $0 $38,854 $38,854
Andrews Hooper & Pavlik P.L.C. Accounting $0 $9,262 $9,262
Invesmart, Inc. Recordkeeping $0 $7,834 $7,834
Total $0 $55,950 $55,950

Investments

Investments

No investments information available for this plan.

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.