401(k) · DOL Form 5500 · 2024

Palmetto Solar, LLC 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
299
Participants Below avg headcount
53rd
Percentile by assets National rank
$29,981
Avg per participant Low balance/head
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Official DOL plan name: Palmetto Solar, LLC 401(k) Profit Sharing Plan · Sponsored by Palmetto Solar, LLC · North Carolina · Finance & Insurance

$9M in assets, 299 participants

Palmetto Solar, LLC's Palmetto Solar, LLC 401(k) Profit Sharing Plan reported $9M in total assets and 299 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #3,198 in Finance & Insurance (8,549 peers)

Coverage in North Carolina

Palmetto Solar, LLC 401(k) Profit Sharing Plan covers 299 participants in North Carolina, about 37% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#3,198
in Finance & Insurance (8,549 peers)
-5.7%
assets change YoY

The plan reported a net loss of $546K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Palmetto Solar, LLC 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Palmetto Solar, LLC 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$8,964,390 Top 47% higher than 53% 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

Palmetto Solar, LLC 401(k) Profit Sharing 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. Palmetto Solar, LLC 401(k) Profit Sharing Plan sits mid-pack in the medium band (299 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palmetto Solar, LLC 401(k) Profit Sharing Plan reported net income fell from $3M in the plan year 2023 filing to -$546K in the plan year 2024 filing.
  • Palmetto Solar, LLC 401(k) Profit Sharing Plan reported participants fell from 458 in the plan year 2023 filing to 299 in the plan year 2024 filing.
  • Palmetto Solar, LLC 401(k) Profit Sharing Plan end-of-year assets fell from $10M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 454209575 · Palmetto Solar, LLC PY 2024 · 401(k)

Palmetto Solar, LLC 401(k) Profit Sharing Plan · $9M · 299 · 53rd

  • EBSA $9M
  • PART 299
  • TYPE 53rd
  • NET 401(k)
  • BOOK near Riess Lemieux, LLC 401(k) Plan
  • VS-ST ind #3198

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 Finance & Insurance retirement plans → · Plans in North Carolina →

Palmetto Solar, LLC 401(k) Profit Sharing Plan in the asset neighbourhood

American Plant Food Co., Inc. 401(k) Profit Sharing PlanAmerican Plant Food Co., Inc…$9MPalmetto Solar, LLC 401(k) Profit Sharing PlanPalmetto Solar, LLC 401(k) P…$9MRiess Lemieux, LLC 401(k) PlanRiess Lemieux, LLC 401(k) Pl…$9MEquitable Savings Bank Retirement Savings PlanEquitable Savings Bank Retir…$9MGolden Triangle Construction, LLC 401(k) PlanGolden Triangle Construction…$9M
End-of-year total assets ($M) among Palmetto Solar, LLC 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$9M
Net Income-$546K
Employer EIN454209575
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Palmetto Solar, LLC)

Sponsor-wide plan assets over time

All Palmetto Solar, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$9M 37.344262993322% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $6.53M $8.96M ▲ +37.2%
Year Plans Participants Total Assets
2022 1 418 $7M
2023 1 458 $10M
2024 1 299 $9M

Nearby 401(k) Plans in North Carolina

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

Palmetto Solar, LLC 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Palmetto Solar, LLC 401(k) Profit Sharing Plan, Total assets ($B): 0.00896439 · Participants: 299Palmetto Solar, LLC 401(k) Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Palmetto Solar, LLC 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Palmetto Solar, LLC 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest 401(k) by assets is Riess Lemieux, LLC 401(k) Plan in LA ($9M); by covered participants it is Environmental Chemical Corporation Profit Sharing 401(k) Plan in CA (299 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (299 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 Palmetto Solar, LLC 401(k) Profit Sharing Plan assets move in 2024? ▼
Palmetto Solar, LLC 401(k) Profit Sharing Plan pulled back noticeably - down 5.7% during 2024, from $10M to $9M. Reported net income was -$546K.
How have Palmetto Solar, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Palmetto Solar, LLC's sponsor-wide assets grew 37.3%, from $7M to $9M.
Which 401(k) plans are similar in size to Palmetto Solar, LLC 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Riess Lemieux, LLC 401(k) Plan in LA ($9M, 23 participants).
Which 401(k) plans cover a similar participant headcount to Palmetto Solar, LLC 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Environmental Chemical Corporation Profit Sharing 401(k) Plan in CA (299 participants, $115M 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 454209575.

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.