Plan Snapshot
- Plan Sponsor: Palram Americas, INC.
- Sponsor EIN: 870513572
- Sponsor Address: 9735 COMMERCE CIRCLE, KUTZTOWN, PA, 19530
- Plan Type: 401(k)
- Total Participants: 181
- Total Assets: $8.8M
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 | 181 | $8.8M | $191,568 | $700,801 |
| 2023 | 196 | $7.4M | $206,181 | $610,160 |
| 2022 | 215 | $6.5M | $10,304 | $764,679 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $27,793 | — | $27,793 |
| CORNERSTONE ADVISORS ASSET MANAGEME | INVESTMENT ADVISOR | $20,461 | — | $20,461 |
| BUCKNO, LISICKY & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,254
- Estimated Expense Ratio: 0.549% 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 | $48,254 | $20,461 | — | — | — |
| 2023 | $41,313 | $17,368 | — | — | — |
| 2022 | $50,892 | — | $50,892 | — | — |