2023 Form 5500 filing — The Palms Hotel & Spa, Inc. 401(K) Retirement Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240816051855NAL0013971857001) for The Palms Hotel & Spa, Inc. 401(K) Retirement Plan, reported by The Palms Hotel & Spa, Inc. under EIN 65-0245113 and plan number 001. It reports 237 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240816051855NAL0013971857001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Palms Hotel & Spa, Inc.
- EIN
- 65-0245113
- Plan number
- 001
- Location
- Miami Beach, FL
- Participants
- 237
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,976,724
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,976,724
- Employer contributions
- $142,039
- Participant contributions
- $447,435
- Total income / additions
- $1,318,024
- Benefits paid
- $230,025
- Administrative expenses
- $17,844
- Total expenses
- $266,310
- Net increase / (decrease)
- $1,051,714
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $13,846 | $1,340 |
| Adp, Inc. | RECORD KEEPER | $3,997 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |