Plan Snapshot
- Plan Sponsor: Palm Bay International, INC.
- Sponsor EIN: 591833544
- Sponsor Address: 48 HARBOR PARK DRIVE, PORT WASHINGTON, NY, 11050
- Plan Type: 401(k)
- Total Participants: 272
- Total Assets: $37.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 272 | $37.2M | $645,133 | $2.3M |
| 2023 | 286 | $33.1M | $628,751 | $2.4M |
| 2022 | 289 | $26.9M | $600,909 | $2.0M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, 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 |
|---|---|---|---|---|---|
| 2024 | $31,575 | $25,200 | $5,775 | — | — |
| 2023 | $32,400 | $22,000 | $3,350 | — | — |
| 2022 | $23,995 | — | — | — | — |