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, Palmen Motors, Inc. Profit Sharing 401(K) Plan & Trust is a benefit plan reported by Palmen Motors, Inc. under EIN 39-1156658 and plan number 001. The latest loaded filing year is 2023. The filing reports 230 participants and $21,535,176 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,535,176
- Net assets (EOY)
- $21,535,176
- Net assets (BOY)
- $18,484,716
Income & contributions
- Employer contributions
- $249,892
- Participant contributions
- $1,207,441
- Total contributions
- $1,493,347
- Total income / additions
- $4,663,492
Expenses & distributions
- Benefits paid
- $1,516,464
- Administrative expenses
- $90,592
- Total expenses
- $1,613,032
- Net increase / (decrease)
- $3,050,460