Back to top
FORM 5500 DATA

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

Overview

Plan Information

  • Plan Year07/01/2014 — 06/30/2015
  • Date of Plan07/01/1983
  • Net Assets as of 06/30/2015 $243,043,997
  • 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 06/30/2015

  • Active (Eligible) Participants1,989
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits894
  • Subtotal2,883
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total2,883
  • Total number of participants as of 07/01/20142,909
  • Number of participants with account balances2,780
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

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

Sponsor Information

  • AddressP.O. Box 307 27400 Northwestern Highway
  • CitySouthfield
  • StateMI
  • Zip48037-0307
  • Telephone(248) 352-2500
  • EIN38-1357951
  • Industry Code541211
  • Named AdministratorRonald Eckstein

Plan Administrator Information

  • Administrator NameP & M Holding Group, LLP
  • AddressP.O. Box 307 27400 Northwestern Highway
  • CitySouthfield
  • StateMI
  • Zip48037-0307
  • Telephone(248) 352-2500
  • Administrator EIN38-1357951

Audit Information

  • Audit StatusAudited
  • AuditorMoss Adams, LLP
  • Auditor EIN91-0189318
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope 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 $5,000,000
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
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $29,144,423
Contributions $20,124,849
Cash Contributions $20,124,849
Cash from Employers $3,611,820
Cash from Participants $15,057,482
Others (including rollovers) $1,455,547
Noncash Contributions $0
Total Earnings on Investments $8,832,109
Total Interest $79,629
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $79,629
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 $8,752,480
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $187,465
Expenses $10,722,109
Total Benefit Payments $10,464,639
Directly to participants or beneficiaries, including direct rollovers $10,464,639
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $257,470
Professional Fees $12,972
Contract Administrator Fees $244,208
Investment Advisory and management fees $0
Other Administrative Fees $290
Net Income $18,422,314
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

06/30/2015 06/30/2014 Change YOY
Total Assets $243,043,997 $224,621,683 8.20%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $3,611,820 $2,330,058 55.01%
Employer Contributions $3,611,820 $2,330,058 55.01%
Participant Contributions $0 $0 0.0%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
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) $0 $0 0.0%
Participants Loans $1,700,606 $1,521,571 11.77%
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 $237,731,571 $220,770,054 7.68%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
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 $243,043,997 $224,621,683 8.20%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Charles Schwab & Co. Inc. and Affil

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Schwab Retirement Plan Services Co. Contract Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan, Recordkeeping fees NONE $244,196 $0 $244,196
Moss Adams, LLP Accounting (including auditing), Direct payment from the plan NONE $12,972 $0 $12,972
Charles Schwab & Co., Inc. Securities brokerage, Shareholder servicing fees, Float revenue, Securities brokerage commissions and fees NONE $0 $0 $0
Total $257,168 $0 $257,168

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Charles Schwab & Co Inc. See Attachment Shareholder servicing fees See Attachment $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
P & M Holding Group LLP & Aff Ent M P & M Holding Group, LLP DFE: Master Trust Investment Account $237,731,571
Total $237,731,571

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.