Palmas Services LLC 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Palmas Services LLC)
Plain-English plan 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, Palmas Services LLC 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Palmas Services LLC under EIN 20-3372604 and plan number 001. The latest loaded filing year is 2023. The filing reports 325 participants and $3,644,340 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Palmas Services LLC
- EIN
- 20-3372604
- Plan number
- 001
- Plan type
- 2
- Location
- Lake Buena Vista, FL
- Latest filing year
- 2023
- Participants
- 325
- End-of-year plan assets
- $3,644,340
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 325 | H, C | 20241015081706NAL0015977699001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,644,340
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,644,340
- Net assets (BOY)
- $3,055,944
Income & contributions
- Employer contributions
- $103,115
- Participant contributions
- $530,944
- Total contributions
- $634,059
- Total income / additions
- $1,048,194
Expenses & distributions
- Benefits paid
- $429,789
- Administrative expenses
- $30,009
- Total expenses
- $459,798
- Net increase / (decrease)
- $588,396
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| 401k Generation Inc. | ADVISOR | $16,301 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $13,108 | not reported in the loaded dataset | 2023 |