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

> Palmer Trucks, INC.'s 401(k) plan: 708 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Palmer Trucks, INC.

- **Sponsor EIN:** 351112033

- **Sponsor Address:** 9704 E 30TH ST, INDIANAPOLIS, IN, 46229

- **Plan Type:** 401(k)

- **Total Participants:** 708

- **Total Assets:** $39.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|708|$39.7M|$1.2M|$3.5M|

| 2023|637|$34.0M|$1.1M|$3.2M|

| 2022|614|$26.8M|$607,734|$2.7M|

## 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|

| CBIZ CPAS P.C.|Auditor|$12,150|—|$12,150|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $12,150

- **Estimated Expense Ratio:** 0.031% 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|$144,082|$29,991|$300|$12,150|—|

| 2023|$128,732|$38,737|$300|$10,750|—|

| 2022|$120,550|—|—|—|—|

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