ESOP · DOL Form 5500 · 2023

Palmer Companies, Inc. ESOP

Data updated 2026-08-25

$26M
Total assets Below avg plan size
191
Participants Below avg headcount
77th
Percentile by assets National rank
$138,080
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

$26M in assets, 191 participants

Palmer Companies, Inc.'s Palmer Group Employee Stock Ownership Plan reported $26M in total assets and 191 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #3,598 in Food Services & Accommodation (3,828 peers)

Coverage in Iowa

Palmer Group Employee Stock Ownership Plan covers 191 participants in Iowa, about 31% of the average Iowa filer (state average ~609 per filing). Assets: $26M.

#3,598
in Food Services & Accommodation (3,828 peers)
+26.1%
assets growth YoY
0.3×
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 2023 · DOL Form 5500

$26,373,304 Top 23% higher than 77% of 127,068 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 2023

Palmer Group Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 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 (191 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palmer Group Employee Stock Ownership Plan reported net income rose from $4M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Palmer Group Employee Stock Ownership Plan end-of-year assets rose from $21M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Palmer Group Employee Stock Ownership Plan reported participants rose from 175 in the plan year 2022 filing to 191 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 421480932 · Palmer Companies, Inc. PY 2023 · ESOP

Palmer Group Employee Stock Ownership Plan · $26M · 191 · 77th

  • EIN $26M
  • RANK 191
  • PHOTO 77th
  • IND ESOP
  • EOY near Shively Bros. , Inc. Employee Stock Ownership Plan and Trust
  • 5500 ind #3598

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

Software Solutions, Inc. Employee Stock Ownership PlanSoftware Solutions, Inc. Emp…$26MMpd, Inc. Employee Stock Ownership PlanMpd, Inc. Employee Stock Own…$26MPalmer Group Employee Stock Ownership PlanPalmer Group Employee Stock …$26MShively Bros. , Inc. Employee Stock Ownership Plan and TrustShively Bros. , Inc. Employe…$26MMorris & Associates, Inc. Employee Stock Ownership PlanMorris & Associates, Inc. Em…$26M
End-of-year total assets ($M) among Palmer Group Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$17M
Net Income$6M
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. 020040060080010001200 -20002004006008001000 Total assets ($M) Participants Palmer Group Employee Stock Ownership Plan, Total assets ($M): 26.373304 · Participants: 191Palmer Group Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 863.986659 · Participants: 802Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 596.09835 · Participants: 801Van Meter Industrial, Inc. Employee Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 438.062674 · Participants: 667Precision, Inc. Employee Stock Ownership Plan and TrustIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 427.790025 · Participants: 771Ita Group Holdings, Inc. Employees' Stock Ownership PlanVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 405.931426 · Participants: 1070Vgm Group, Inc. Employee Stock Ownership Plan
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 Shively Bros. , Inc. Employee Stock Ownership Plan and Trust in MI ($26M); by covered participants it is Denbow Company ESOP in TX (191 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (191 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Palmer Group Employee Stock Ownership Plan grew sharply - up 26.1% during 2023, from $21M to $26M. Reported net income was $6M.
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 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Shively Bros. , Inc. Employee Stock Ownership Plan and Trust in MI ($26M, 213 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 Denbow Company ESOP in TX (191 participants, $44M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.