Plan Snapshot
- Plan Sponsor: Palacios Marine And Industrial Coatings, INC.
- Sponsor EIN: 550831222
- Sponsor Address: P.O. BOX 875, PALACIOS, TX, 77465
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,495
- Total Assets: $6.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,495 | $6.2M | $0 | $0 |
| 2024 | 1,343 | $5.1M | $183,017 | $619,065 |
| 2023 | 889 | $4.3M | $202,181 | $656,775 |
| 2022 | 761 | $2.8M | $161,895 | $571,227 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DESROCHES PARTNERS, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $603,631 | $481 | $2,200 | — | — |
| 2024 | $7,311 | — | $7,311 | — | — |
| 2023 | $5,830 | — | $5,830 | — | — |
| 2022 | $5,140 | — | $5,140 | — | — |