401(k) · DOL Form 5500 · 2022

Gulf Coast Motor Sales Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
312
Participants Below avg headcount
58th
Percentile by assets National rank
$22,848
Avg per participant Low balance/head
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Official DOL plan name: Palmer Companies 401(k) Retirement Plan · Sponsored by Gulf Coast Motor Sales Inc. · Alabama · Retail Trade

$7M in assets, 312 participants

Gulf Coast Motor Sales Inc.'s Palmer Companies 401(k) Retirement Plan reported $7M in total assets and 312 participants in its 2022 DOL Form 5500 filing, ranking in the 58th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,487 in Retail Trade (9,519 peers)

Gulf Coast Motor Sales Inc. multi-year trail

Gulf Coast Motor Sales Inc.'s plans moved +34.6% in assets from 2022 to 2024; this filing shows Palmer Companies 401(k) Retirement Plan at $7M / 312 participants.

#6,487
in Retail Trade (9,519 peers)
-26.3%
assets change YoY

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Palmer Companies 401(k) Retirement Plan's mid-pack asset rank among Retail Trade and all filers

Palmer Companies 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$7,128,563 Top 42% higher than 58% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Palmer Companies 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Palmer Companies 401(k) Retirement Plan sits mid-pack in the medium band (312 participants).

EBSA filing schedule strip

Filing strip 650452841 · Gulf Coast Motor Sales Inc. PY 2022 · 401(k)

Palmer Companies 401(k) Retirement Plan · $7M · 312 · 58th

  • RANK $7M
  • RANK 312
  • RANK 58th
  • RANK 401(k)
  • RANK near Hunter Buildings 401(k) Plan
  • RANK ind #6487

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Alabama →

Palmer Companies 401(k) Retirement Plan in the asset neighbourhood

Palmer Companies 401(k) Retirement PlanPalmer Companies 401(k) Reti…$7MHunter Buildings 401(k) Plan$7MBest Chevrolet, Inc. 401(k) PlanBest Chevrolet, Inc. 401(k) …$7MAbundant Venture Partners 401(k) PlanAbundant Venture Partners 40…$7MCavan Construction Company, Inc. 401(k) Profit Sharing PlanCavan Construction Company, …$7M
End-of-year total assets ($M) among Palmer Companies 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Gulf Coast Motor Sales Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Gulf Coast Motor Sales Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$10M 34.63717722632177% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $7.13M $9.6M ▲ +34.6%
Year Plans Participants Total Assets
2022 1 312 $7M
2023 1 310 $9M
2024 1 314 $10M

Gulf Coast Motor Sales Inc. filing trail (2022)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$7M
Net Income-$3M
Employer EIN650452841
Plan Effective Date1995-03-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Palmer Companies 401(k) Retirement Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Palmer Companies 401(k) Retirement Plan, Total assets ($B): 0.007128563 · Participants: 312Palmer Companies 401(k) Retirement PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.473693723 · Participants: 20809Regions Financial Corporation 401(k) PlanEncompass Health Corporation Retirement Investment Plan, Total assets ($B): 1.247463658 · Participants: 26602Encompass Health Corporation Retirement Investment PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.211223713 · Participants: 4237Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.148537747 · Participants: 8489Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 0.930385246 · Participants: 4593Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Palmer Companies 401(k) Retirement Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Palmer Companies 401(k) Retirement Plan side-by-side with 3 peers →

Palmer Companies 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Hunter Buildings 401(k) Plan in TX ($7M); by covered participants it is The Northstar Snf 401(k) Plan in NY (312 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (312 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Palmer Companies 401(k) Retirement Plan assets move in 2022? ▼
Palmer Companies 401(k) Retirement Plan declined sharply - down 26.3% during 2022, from $10M to $7M. Reported net income was -$3M.
How have Gulf Coast Motor Sales Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gulf Coast Motor Sales Inc.'s sponsor-wide assets grew 34.6%, from $7M to $10M.
Which 401(k) plans are similar in size to Palmer Companies 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hunter Buildings 401(k) Plan in TX ($7M, 147 participants).
Which 401(k) plans cover a similar participant headcount to Palmer Companies 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Northstar Snf 401(k) Plan in NY (312 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 650452841.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.