Plan Snapshot
- Plan Sponsor: Palmer Companies, INC.
- Sponsor EIN: 421480932
- Sponsor Address: 3737 WOODLAND AVENUE, SUITE 200, WEST DES MOINES, IA, 50266
- Plan Type: 401(k)
- Total Participants: 162
- Total Assets: $11.3M
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 | 162 | $11.3M | $2,705 | $806,577 |
| 2023 | 163 | $10.0M | $0 | $820,684 |
| 2022 | 178 | $9.2M | $0 | $749,450 |
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 |
|---|---|---|---|---|
| MCHS P.C. | Auditor | $12,500 | — | $12,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,500
- Estimated Expense Ratio: 0.111% 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 | $56,688 | $36,592 | $1,400 | $12,500 | — |
| 2023 | $51,206 | $32,173 | $1,650 | $10,000 | — |
| 2022 | $50,281 | $32,200 | $1,700 | — | $16,381 |