401(k) · DOL Form 5500 · 2024

Gulf Coast Motor Sales Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
314
Participants Below avg headcount
55th
Percentile by assets National rank
$30,566
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

$10M in assets, 314 participants

Gulf Coast Motor Sales Inc.'s Palmer Companies 401(k) Retirement Plan reported $10M in total assets and 314 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #5,266 in Retail Trade (8,048 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 $10M / 314 participants.

#5,266
in Retail Trade (8,048 peers)
+5.9%
assets growth YoY

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 2024 · DOL Form 5500

$9,597,696 Top 45% higher than 55% of 123,620 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 2024

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

Plan-year 2024 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 (314 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palmer Companies 401(k) Retirement Plan reported net income fell from $2M in the plan year 2023 filing to $539K in the plan year 2024 filing.
  • Palmer Companies 401(k) Retirement Plan end-of-year assets rose from $9M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Palmer Companies 401(k) Retirement Plan reported participants rose from 310 in the plan year 2023 filing to 314 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 650452841 · Gulf Coast Motor Sales Inc. PY 2024 · 401(k)

Palmer Companies 401(k) Retirement Plan · $10M · 314 · 55th

  • EIN $10M
  • RANK 314
  • PHOTO 55th
  • IND 401(k)
  • EOY near Delong Mountain Logistics, LLC 401(k) Plan & Trust
  • 5500 ind #5266

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…$10MDelong Mountain Logistics, LLC 401(k) Plan & TrustDelong Mountain Logistics, L…$10MTravis Association for the Blind Retirement PlanTravis Association for the B…$10MPrescient Development, Inc. 401(k) PlanPrescient Development, Inc. …$10MPmi Resource, LLC$10M
End-of-year total assets ($M) among Palmer Companies 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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 (2024)

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$10M
Net Income$539K
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. -10000010000200003000040000 -101234 Total assets ($B) Participants Palmer Companies 401(k) Retirement Plan, Total assets ($B): 0.009597696 · Participants: 314Palmer Companies 401(k) Retirement PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 3.197489981 · Participants: 20783Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.722944967 · Participants: 29454Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.651353194 · Participants: 4638Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.472398962 · Participants: 8628Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.234118844 · Participants: 6167Mercedes-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 Delong Mountain Logistics, LLC 401(k) Plan & Trust in WA ($10M); by covered participants it is Data Center, Inc. Savings & Retirement Plan in KS (314 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (314 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Palmer Companies 401(k) Retirement Plan grew at a solid clip - up 5.9% during 2024, from $9M to $10M. Reported net income was $539K.
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 Delong Mountain Logistics, LLC 401(k) Plan & Trust in WA ($10M, 39 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 Data Center, Inc. Savings & Retirement Plan in KS (314 participants, $64M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.