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, Palmer Group 401(K) Plan is a benefit plan reported by Palmer Companies, Inc. under EIN 42-1480932 and plan number 001. The latest loaded filing year is 2023. The filing reports 234 participants and $9,961,360 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,961,360
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,961,360
- Net assets (BOY)
- $9,168,775
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $820,684
- Total contributions
- $820,697
- Total income / additions
- $2,563,350
Expenses & distributions
- Benefits paid
- $1,715,028
- Administrative expenses
- $51,206
- Total expenses
- $1,770,765
- Net increase / (decrease)
- $792,585