2023 Form 5500 filing — Palmetto Solar, LLC 401(K) Profit Sharing 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 20241202134419NAL0001003715001) for Palmetto Solar, LLC 401(K) Profit Sharing Plan, reported by Palmetto Solar, LLC under EIN 45-4209575 and plan number 001. It reports 547 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241202134419NAL0001003715001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Palmetto Solar, LLC
- EIN
- 45-4209575
- Plan number
- 001
- Location
- Charleston, SC
- Participants
- 547
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,510,698
- Net assets (EOY)
- $9,510,698
- Participant contributions
- $2,720,271
- Total income / additions
- $4,621,402
- Benefits paid
- $1,549,385
- Administrative expenses
- $88,268
- Total expenses
- $1,637,653
- Net increase / (decrease)
- $2,983,749
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMIN | $88,267 | $0 |
| Royal Alliance Associates, Inc. | INVESTMENT ADVISOR | $0 | $30,821 |
| Nova 401k Associates | CONTRACT ADMIN | $0 | $7,761 |