Profit Sharing · DOL Form 5500 · 2022

Law Office of Palumbo, Palumbo & Lovelace, LLC Profit Sharing Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
5
Participants Small participant base
38th
Percentile by assets National rank
$527,759
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Palumbo & Associates Profit Sharing Plan · Sponsored by Law Office of Palumbo, Palumbo & Lovelace, LLC · Maryland · Professional & Technical Services

$3M in assets, 5 participants

Law Office of Palumbo, Palumbo & Lovelace, LLC's Palumbo & Associates Profit Sharing Plan reported $3M in total assets and 5 participants in its 2022 DOL Form 5500 filing, ranking in the 38th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,570 in Professional & Technical Services (21,562 peers)

Law Office of Palumbo, Palumbo & Lovelace, LLC multi-year trail

Law Office of Palumbo, Palumbo & Lovelace, LLC's plans moved +40.1% in assets from 2022 to 2024; this filing shows Palumbo & Associates Profit Sharing Plan at $3M / 5 participants.

#7,570
in Professional & Technical Services (21,562 peers)
-13.5%
assets change YoY

The plan reported a net loss of $413K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Palumbo & Associates Profit Sharing Plan's mid-pack asset rank among Professional & Technical Services and all filers

Palumbo & Associates Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,638,793 38th percentile higher than 38% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Palumbo & Associates Profit Sharing Plan among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palumbo & Associates Profit Sharing Plan is a micro filing (5 participants), the leftmost band.

Published 5500 schedule card

Filing strip 522352912 · Law Office of Palumbo, Palumbo & Lovelace, LLC PY 2022 · Profit Sharing

Palumbo & Associates Profit Sharing Plan · $3M · 5 · 38th

  • BOOK $3M
  • VS-ST 5
  • BOY 38th
  • SCH Profit Sharing
  • EBSA near Palmieri Holdings Inc. Profit Sharing Plan
  • PART ind #7570

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Maryland →

Palumbo & Associates Profit Sharing Plan in the asset neighbourhood

Palumbo & Associates Profit Sharing PlanPalumbo & Associates Profit …$3MPalmieri Holdings Inc. Profit Sharing PlanPalmieri Holdings Inc. Profi…$3MDor, Crisostomo, Dor & Dow Accountancy Corporation Profit Sharing PlanDor, Crisostomo, Dor & Dow A…$3MTower Loan of Mississippi, LLC Profit Sharing Plan for ManagersTower Loan of Mississippi, L…$3MD & S International, Inc. Employees' Profit Sharing Plan & TrustD & S International, Inc. Em…$3M
End-of-year total assets ($M) among Palumbo & Associates Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Law Office of Palumbo, Palumbo & Lovelace, LLC multi-year asset trail

Sponsor-wide plan assets over time

All Law Office of Palumbo, Palumbo & Lovelace, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$4M 40.12929396129215% vs 2022
2024 filing year
$2.5M$3M$3.5M$4M 202220232024 $2.64M $3.7M ▲ +40.2%
Year Plans Participants Total Assets
2022 1 5 $3M
2023 1 5 $3M
2024 1 5 $4M

Law Office of Palumbo, Palumbo & Lovelace, LLC filing trail (2022)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income-$413K
Employer EIN522352912
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Maryland

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Palumbo & Associates Profit Sharing Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Palumbo & Associates Profit Sharing Plan, Total assets ($B): 0.002638793 · Participants: 5Palumbo & Associates Profit Sharing PlanSprinkler Industry Supplemental Pension Fund, Total assets ($B): 2.367120035 · Participants: 24528Sprinkler Industry Supplemental Pension FundNfl Player Annuity Program, Total assets ($B): 1.447690152 · Participants: 2781Nfl Player Annuity ProgramMajor League Baseball Players Investment Plan, Total assets ($B): 0.928043408 · Participants: 4122Major League Baseball Players Investment PlanInternational Painters and Allied Trades Industry Annuity Plan, Total assets ($B): 0.614140035 · Participants: 10013International Painters and Allied Trades Industry Annuity PlanNfl Player Capital Accumulation Plan, Total assets ($B): 0.459812851 · Participants: 2732Nfl Player Capital Accumulation Plan
Palumbo & Associates Profit Sharing Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants
Compare Palumbo & Associates Profit Sharing Plan side-by-side with 3 peers →

Palumbo & Associates Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Maryland, the nearest Profit Sharing by assets is Palmieri Holdings Inc. Profit Sharing Plan in PA ($3M); by covered participants it is Summit Equity Group Lashes, Inc. Retirement Plan in FL (5 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Palumbo & Associates Profit Sharing Plan assets move in 2022? ▼
Palumbo & Associates Profit Sharing Plan pulled back noticeably - down 13.5% during 2022, from $3M to $3M. Reported net income was -$413K.
How have Law Office of Palumbo, Palumbo & Lovelace, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Law Office of Palumbo, Palumbo & Lovelace, LLC's sponsor-wide assets grew 40.1%, from $3M to $4M.
Which Profit Sharing plans are similar in size to Palumbo & Associates Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Palmieri Holdings Inc. Profit Sharing Plan in PA ($3M, 88 participants).
Which Profit Sharing plans cover a similar participant headcount to Palumbo & Associates Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Summit Equity Group Lashes, Inc. Retirement Plan in FL (5 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 522352912.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.