Plan Snapshot
- Plan Sponsor: Palm Engineering Construction Company INC.
- Sponsor EIN: 710973001
- Sponsor Address: 7330 OPPORTUNITY ROAD, SUITE A, SAN DIEGO, CA, 92111
- Plan Type: 401(k)
- Total Participants: 69
- Total Assets: $1.0M
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 | 69 | $1.0M | $352,862 | $3,028 |
| 2023 | 77 | $849,315 | $277,579 | $0 |
| 2022 | 62 | $562,966 | $305,339 | $11,100 |
| 2021 | 126 | $428,237 | $372,028 | $37,450 |
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 |
|---|---|---|---|---|
| ECONOMIC GROUP PENSION SERVICES LLC | TPA | $10,650 | — | $10,650 |
| JLK ROSENBERGER LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JLK ROSENBERGER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,650
- Estimated Expense Ratio: 1.017% of plan assets
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 | $24,283 | — | $24,283 | — | — |
| 2023 | $10,849 | — | — | $10,849 | — |
| 2022 | $10,902 | — | $10,902 | — | — |
| 2021 | — | — | — | — | — |