2023 Form 5500 filing — Palmen Motors, Inc. Profit Sharing 401(K) 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 20241008125915NAL0029904656001) for Palmen Motors, Inc. Profit Sharing 401(K) Plan & Trust, reported by Palmen Motors, Inc. under EIN 39-1156658 and plan number 001. It reports 230 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008125915NAL0029904656001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Palmen Motors, Inc.
- EIN
- 39-1156658
- Plan number
- 001
- Location
- Kenosha, WI
- Participants
- 230
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,535,176
- Net assets (EOY)
- $21,535,176
- Employer contributions
- $249,892
- Participant contributions
- $1,207,441
- Total income / additions
- $4,663,492
- Benefits paid
- $1,516,464
- Administrative expenses
- $90,592
- Total expenses
- $1,613,032
- Net increase / (decrease)
- $3,050,460
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Associated Trust Company, N.A. | NONE | $90,592 | $0 |