Plan Snapshot
- Plan Sponsor: Palmas Services LLC
- Sponsor EIN: 203372604
- Sponsor Address: PO BOX 22136, LAKE BUENA VISTA, FL, 328302136
- Plan Type: 401(k)
- Total Participants: 261
- Total Assets: $4.9M
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. |
|---|---|---|---|---|
| 2024 | 261 | $4.9M | $390,002 | $728,228 |
| 2023 | 261 | $3.6M | $103,115 | $530,944 |
| 2022 | 234 | $3.1M | $96,620 | $488,925 |
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 |
|---|---|---|---|---|
| 401K GENERATION INC. | Investment Advisor | $19,759 | — | $19,759 |
| PAYCHEX, INC. | Recordkeeper | $16,640 | — | $16,640 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYCHEX, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,399
- Estimated Expense Ratio: 0.743% 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 | $38,623 | $21,431 | $16,332 | — | — |
| 2023 | $30,009 | $16,301 | $12,848 | — | — |
| 2022 | $26,852 | $14,917 | $11,935 | — | — |