Plan Snapshot
- Plan Sponsor: Palmer Distribution Services, INC.
- Sponsor EIN: 760255408
- Sponsor Address: 13001 BAY AREA BOULEVARD, PASADENA, TX, 77507
- Plan Type: 401(k)
- Total Participants: 275
- Total Assets: $6.1M
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 | 275 | $6.1M | $162,589 | $442,074 |
| 2023 | 318 | $5.5M | $181,723 | $449,187 |
| 2022 | 304 | $4.4M | $178,370 | $428,596 |
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 |
|---|---|---|---|---|
| ABIP, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ABIP, P.C. — Auditor
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 | $48,431 | $18,764 | $29,667 | — | — |
| 2023 | $46,574 | $15,688 | $30,886 | — | — |
| 2022 | $41,243 | $15,303 | $25,940 | — | — |