401(k) · DOL Form 5500 · 2023

Palms Associates, LLC 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
143
Participants Small participant base
78th
Percentile by assets National rank
$187,501
Avg per participant Above avg balance/head
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Official DOL plan name: Palms Associates, LLC 401(k)/Profit Sharing Plan · Sponsored by Palms Associates, LLC · Virginia · Real Estate

$27M in assets, 143 participants

Palms Associates, LLC's Palms Associates, LLC 401(k)/Profit Sharing Plan reported $27M in total assets and 143 participants in its 2023 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.

  • #4,253 in Real Estate (4,727 peers)

Coverage in Virginia

Palms Associates, LLC 401(k)/Profit Sharing Plan covers 143 participants in Virginia, about 18% of the average Virginia filer (state average ~782 per filing). Assets: $27M.

#4,253
in Real Estate (4,727 peers)
+16.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Palms Associates, LLC 401(k)/Profit Sharing Plan's outsized position by total assets

Palms Associates, LLC 401(k)/Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$26,812,617 Top 22% higher than 78% 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

Palms Associates, LLC 401(k)/Profit Sharing 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. Palms Associates, LLC 401(k)/Profit Sharing Plan sits mid-pack in the medium band (143 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Palms Associates, LLC 401(k)/Profit Sharing Plan reported net income rose from -$6M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Palms Associates, LLC 401(k)/Profit Sharing Plan end-of-year assets rose from $23M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Palms Associates, LLC 401(k)/Profit Sharing Plan reported participants fell from 152 in the plan year 2022 filing to 143 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 541311553 · Palms Associates, LLC PY 2023 · 401(k)

Palms Associates, LLC 401(k)/Profit Sharing Plan · $27M · 143 · 78th

  • NET $27M
  • BOOK 143
  • VS-ST 78th
  • BOY 401(k)
  • SCH near Air Tractor, Inc. 401(k) Retirement Plan
  • EBSA ind #4253

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 Real Estate retirement plans → · Plans in Virginia →

Palms Associates, LLC 401(k)/Profit Sharing Plan in the asset neighbourhood

Lakeshore Beverage 401(k) PlanLakeshore Beverage 401(k) Pl…$27MLcy Elastomers Savings & Profit Sharing PlanLcy Elastomers Savings & Pro…$27MPalms Associates, LLC 401(k)/Profit Sharing PlanPalms Associates, LLC 401(k)…$27MAir Tractor, Inc. 401(k) Retirement PlanAir Tractor, Inc. 401(k) Ret…$27MB. J. Baldwin Electric, Inc. 401(k) Profit Sharing PlanB. J. Baldwin Electric, Inc.…$27M
End-of-year total assets ($M) among Palms Associates, LLC 401(k)/Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$27M
Net Income$4M
Employer EIN541311553
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Palms Associates, LLC)

Sponsor-wide plan assets over time

All Palms Associates, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$31M 34.494427912438816% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $23M $30.9M ▲ +34.5%
Year Plans Participants Total Assets
2022 1 152 $23M
2023 1 143 $27M
2024 1 139 $31M

Nearby 401(k) Plans in Virginia

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

Palms Associates, LLC 401(k)/Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Palms Associates, LLC 401(k)/Profit Sharing Plan, Total assets ($B): 0.026812617 · Participants: 143Palms Associates, LLC 401(k)/Profit Sharing PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Palms Associates, LLC 401(k)/Profit Sharing Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Palms Associates, LLC 401(k)/Profit Sharing Plan side-by-side with 3 peers →

Palms Associates, LLC 401(k)/Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Air Tractor, Inc. 401(k) Retirement Plan in TX ($27M); by covered participants it is Precision International Automotive Products Inc. 401 (K) Plan in NY (143 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (143 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 Palms Associates, LLC 401(k)/Profit Sharing Plan assets move in 2023? ▼
Palms Associates, LLC 401(k)/Profit Sharing Plan grew sharply - up 16.8% during 2023, from $23M to $27M. Reported net income was $4M.
How have Palms Associates, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palms Associates, LLC's sponsor-wide assets grew 34.5%, from $23M to $31M.
Where does Palms Associates, LLC 401(k)/Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Palms Associates, LLC 401(k)/Profit Sharing Plan ranks in the 78th 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 401(k) plans are similar in size to Palms Associates, LLC 401(k)/Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Air Tractor, Inc. 401(k) Retirement Plan in TX ($27M, 375 participants).
Which 401(k) plans cover a similar participant headcount to Palms Associates, LLC 401(k)/Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Precision International Automotive Products Inc. 401 (K) Plan in NY (143 participants, $27M 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 541311553.

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.