ESOP · DOL Form 5500 · 2022

Palmer Companies, Inc. ESOP

Data updated 2026-08-25

$21M
Total assets Small plan by assets
175
Participants Small participant base
78th
Percentile by assets National rank
$119,523
Avg per participant Near avg balance/head
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Official DOL plan name: Palmer Group Employee Stock Ownership Plan · Sponsored by Palmer Companies, Inc. · Iowa · Food Services & Accommodation

$21M in assets, 175 participants

Palmer Companies, Inc.'s Palmer Group Employee Stock Ownership Plan reported $21M in total assets and 175 participants in its 2022 DOL Form 5500 filing, ranking in the 78th 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.

  • #4,346 in Food Services & Accommodation (4,592 peers)

Coverage in Iowa

Palmer Group Employee Stock Ownership Plan covers 175 participants in Iowa, about 29% of the average Iowa filer (state average ~609 per filing). Assets: $21M.

#4,346
in Food Services & Accommodation (4,592 peers)
+18.8%
assets growth YoY
0.2×
vs typical plan assets (national mean)

Palmer Group Employee Stock Ownership Plan's outsized position by total assets

Palmer Group Employee Stock Ownership Plan vs every filed plan by assets

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

$20,916,575 Top 22% higher than 78% 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 Group Employee Stock Ownership 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 Group Employee Stock Ownership Plan sits mid-pack in the medium band (175 participants).

EBSA filing schedule strip

Filing strip 421480932 · Palmer Companies, Inc. PY 2022 · ESOP

Palmer Group Employee Stock Ownership Plan · $21M · 175 · 78th

  • NET $21M
  • NET 175
  • NET 78th
  • NET ESOP
  • NET near Axia Holdings, Inc. Employee Stock Ownership Plan
  • NET ind #4346

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 What is an ESOP? → · Plans in Iowa →

Palmer Group Employee Stock Ownership Plan in the asset neighbourhood

The T. H. Rogers Lumber Company Employee Stock Ownership PlanThe T. H. Rogers Lumber Comp…$21MPalmer Group Employee Stock Ownership PlanPalmer Group Employee Stock …$21MAxia Holdings, Inc. Employee Stock Ownership PlanAxia Holdings, Inc. Employee…$21MThe Corken Steel Products Company Employee Stock Ownership PlanThe Corken Steel Products Co…$21MThe Corken Steel Products Company Employee Stock Ownership PlanThe Corken Steel Products Co…$21M
End-of-year total assets ($M) among Palmer Group Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Iowa filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$11M
Net Income$4M
Employer EIN421480932
Plan Effective Date2016-06-30
Filing StatusFILING RECEIVED

Sponsor Plan History (Palmer Companies, Inc.)

Sponsor-wide plan assets over time

All Palmer Companies, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$39M 29.308613660801687% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $30.1M $38.9M ▲ +29.3%
Year Plans Participants Total Assets
2022 2 350 $30M
2023 2 387 $36M
2024 2 377 $39M

Nearby ESOP Plans in Iowa

Peer ESOP plans, same state, same plan type, ranked by total assets.

Palmer Group Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants Scatter plot of 6 data points. 0100020003000 -2000200400600800 Total assets ($M) Participants Palmer Group Employee Stock Ownership Plan, Total assets ($M): 20.916575 · Participants: 175Palmer Group Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 685.782673 · Participants: 781Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 437.278096 · Participants: 774Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 402.726302 · Participants: 645Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 382.93662 · Participants: 643Ita Group Holdings, Inc. Employees' Stock Ownership PlanAnnett Holdings, Inc. Employee Stock Ownership Plan & Trust, Total assets ($M): 362.257753 · Participants: 2582Annett Holdings, Inc. Employee Stock Ownership Plan & Trust
Palmer Group Employee Stock Ownership Plan vs. nearby ESOP plans in Iowa, assets vs. participants
Compare Palmer Group Employee Stock Ownership Plan side-by-side with 3 peers →

Palmer Group Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Iowa, the nearest ESOP by assets is Axia Holdings, Inc. Employee Stock Ownership Plan in WA ($21M); by covered participants it is Threaded Fasteners, Inc. Employee Stock Ownership Plan and Trust in AL (175 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (175 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 Group Employee Stock Ownership Plan assets move in 2022? ▼
Palmer Group Employee Stock Ownership Plan grew sharply - up 18.8% during 2022, from $18M to $21M. Reported net income was $4M.
How have Palmer Companies, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palmer Companies, Inc.'s sponsor-wide assets grew 29.3%, from $30M to $39M.
Where does Palmer Group Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
Palmer Group Employee Stock Ownership Plan ranks in the 78th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Palmer Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Axia Holdings, Inc. Employee Stock Ownership Plan in WA ($21M, 399 participants).
Which ESOP plans cover a similar participant headcount to Palmer Group Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Threaded Fasteners, Inc. Employee Stock Ownership Plan and Trust in AL (175 participants, $33M 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 421480932.

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.