Plan Snapshot
- Plan Sponsor: Palomar Holdings, INC.
- Sponsor EIN: 833972551
- Sponsor Address: 7979 IVANHOE AVE, LA JOLLA, CA, 92037
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 511
- Total Assets: $32.0M
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. |
|---|---|---|---|---|
| 2025 | 511 | $32.0M | $0 | $0 |
| 2024 | 258 | $19.5M | $1.1M | $2.5M |
| 2023 | 219 | $14.8M | $888,135 | $2.0M |
| 2022 | 191 | $9.1M | $697,006 | $1.7M |
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 |
|---|---|---|---|---|
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
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 |
|---|---|---|---|---|---|
| 2025 | $344,133 | — | $3,650 | — | — |
| 2024 | $4,350 | — | $4,350 | — | — |
| 2023 | $2,775 | — | $2,775 | — | — |
| 2022 | $3,485 | — | $3,485 | — | — |