Money Purchase · DOL Form 5500 · 2024

Palumbo Fuel Inc. Money Purchase Plan

Data updated 2026-08-25

$649K
Total assets Small plan by assets
2
Participants Small participant base
20th
Percentile by assets National rank
$324,272
Avg per participant High balance/head
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Official DOL plan name: Palumbo Fuel Inc Profit Sharing Plan · Sponsored by Palumbo Fuel Inc. · New Jersey · Retail Trade

$649K in assets, 2 participants

Palumbo Fuel Inc.'s Palumbo Fuel Inc Profit Sharing Plan reported $649K in total assets and 2 participants in its 2024 DOL Form 5500 filing, ranking in the 20th 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.

  • #2,506 in Retail Trade (8,048 peers)

Palumbo Fuel Inc. multi-year trail

Palumbo Fuel Inc.'s plans moved +29.1% in assets from 2022 to 2024; this filing shows Palumbo Fuel Inc Profit Sharing Plan at $649K / 2 participants.

#2,506
in Retail Trade (8,048 peers)
+7.9%
assets growth YoY

Palumbo Fuel Inc Profit Sharing Plan among the smaller filed plans by assets

Palumbo Fuel Inc Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$648,543 20th percentile higher than 20% of 123,620 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 2024

Palumbo Fuel Inc Profit Sharing Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palumbo Fuel Inc Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palumbo Fuel Inc Profit Sharing Plan reported net income fell from $99K in the plan year 2023 filing to $47K in the plan year 2024 filing.
  • Palumbo Fuel Inc Profit Sharing Plan end-of-year assets rose from $601K in the plan year 2023 filing to $649K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 222063353 · Palumbo Fuel Inc. PY 2024 · Money Purchase

Palumbo Fuel Inc Profit Sharing Plan · $649K · 2 · 20th

  • SCH $649K
  • EBSA 2
  • PART 20th
  • TYPE Money Purchase
  • NET near Kiran R Bais Money Purchase Plan & Trust
  • BOOK ind #2506

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 Retail Trade retirement plans → · Plans in New Jersey →

Palumbo Fuel Inc Profit Sharing Plan in the asset neighbourhood

Palumbo Fuel Inc Profit Sharing PlanPalumbo Fuel Inc Profit Shar…$649KKiran R Bais Money Purchase Plan & TrustKiran R Bais Money Purchase …$646KMgt Company-Profit Sharing PlanMgt Company-Profit Sharing P…$651KAnc Sales, L.L.C. Money Purchase Pension PlanAnc Sales, L.L.C. Money Purc…$654KGerald L. Bowen, PC Money Purchase Pension PlanGerald L. Bowen, PC Money Pu…$645K
End-of-year total assets ($M) among Palumbo Fuel Inc Profit Sharing Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2024.

Palumbo Fuel Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Palumbo Fuel Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$649K 29.08177888175022% vs 2022
2024 filing year
$0.45M$0.5M$0.55M$0.6M$0.65M$0.7M 202220232024 $0.5M $0.65M ▲ +30.0%
Year Plans Participants Total Assets
2022 1 2 $502K
2023 1 2 $601K
2024 1 2 $649K

Palumbo Fuel Inc. filing trail (2024)

Total Assets (Beginning of Year)$601K
Net Assets (End of Year)$649K
Net Income$47K
Employer EIN222063353
Plan Effective Date1979-04-01
Filing StatusFILING RECEIVED

Nearby Money Purchase Plans in New Jersey

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Palumbo Fuel Inc Profit Sharing Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -10123 Total assets ($B) Participants Palumbo Fuel Inc Profit Sharing Plan, Total assets ($B): 0.000648543 · Participants: 2Palumbo Fuel Inc Profit Sharing PlanPrinceton University Retirement Plan, Total assets ($B): 2.402818313 · Participants: 8833Princeton University Retirement PlanLocal 68 Engineers Union Annuity Plan, Total assets ($B): 0.97127775 · Participants: 5385Local 68 Engineers Union Annuity PlanNysa-Ila Money Purchase Pension Fund and Plan, Total assets ($B): 0.936178353 · Participants: 4689Nysa-Ila Money Purchase Pension Fund and PlanEducational Testing Service 401(a) Retirement Plan, Total assets ($B): 0.593062355 · Participants: 3097Educational Testing Service 401(a) Retirement PlanIronworkers Local 11 Annuity Fund, Total assets ($B): 0.394941492 · Participants: 1148Ironworkers Local 11 Annuity Fund
Palumbo Fuel Inc Profit Sharing Plan vs. nearby Money Purchase plans in New Jersey, assets vs. participants
Compare Palumbo Fuel Inc Profit Sharing Plan side-by-side with 3 peers →

Palumbo Fuel Inc Profit Sharing Plan's out-of-state Money Purchase peers by assets and headcount

Outside New Jersey, the nearest Money Purchase by assets is Kiran R Bais Money Purchase Plan & Trust in IL ($646K); by covered participants it is Virginia Aquaklear Inc 401(k) Profit Sharing Plan in VA (2 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Palumbo Fuel Inc Profit Sharing Plan assets move in 2024? ▼
Palumbo Fuel Inc Profit Sharing Plan grew at a solid clip - up 7.9% during 2024, from $601K to $649K. Reported net income was $47K.
How have Palumbo Fuel Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palumbo Fuel Inc.'s sponsor-wide assets grew 29.1%, from $502K to $649K.
Where does Palumbo Fuel Inc Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Palumbo Fuel Inc Profit Sharing Plan ranks in the 20th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which Money Purchase plans are similar in size to Palumbo Fuel Inc Profit Sharing Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Kiran R Bais Money Purchase Plan & Trust in IL ($646K, 1 participant).
Which Money Purchase plans cover a similar participant headcount to Palumbo Fuel Inc Profit Sharing Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Virginia Aquaklear Inc 401(k) Profit Sharing Plan in VA (2 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 222063353.

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.