# Palmer Companies, INC. 401(k) Plan
Source: https://planprovider.pro/companies/palmer-companies-inc-401k-plan

> Palmer Companies, INC.'s 401(k) plan: 162 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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