2023 Form 5500 filing — Palmas Services LLC 401(K) Profit Sharing Plan & Trust
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 20241015081706NAL0015977699001) for Palmas Services LLC 401(K) Profit Sharing Plan & Trust, reported by Palmas Services LLC under EIN 20-3372604 and plan number 001. It reports 325 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015081706NAL0015977699001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Palmas Services LLC
- EIN
- 20-3372604
- Plan number
- 001
- Location
- Lake Buena Vista, FL
- Participants
- 325
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,644,340
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,644,340
- Employer contributions
- $103,115
- Participant contributions
- $530,944
- Total income / additions
- $1,048,194
- Benefits paid
- $429,789
- Administrative expenses
- $30,009
- Total expenses
- $459,798
- Net increase / (decrease)
- $588,396
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| 401k Generation Inc. | ADVISOR | $16,301 | not reported in the loaded dataset |
| Paychex, Inc. | RECORDKEEPER | $13,108 | not reported in the loaded dataset |