401(k) · DOL Form 5500 · 2024

Palmer Companies, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
190
Participants Below avg headcount
58th
Percentile by assets National rank
$59,232
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Palmer Group 401(k) Plan · Sponsored by Palmer Companies, Inc. · Iowa · Professional & Technical Services

$11M in assets, 190 participants

Palmer Companies, Inc.'s Palmer Group 401(k) Plan reported $11M in total assets and 190 participants in its 2024 DOL Form 5500 filing, ranking in the 58th 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.

  • #11,432 in Professional & Technical Services (20,173 peers)

Coverage in Iowa

Palmer Group 401(k) Plan covers 190 participants in Iowa, about 31% of the average Iowa filer (state average ~609 per filing). Assets: $11M.

#11,432
in Professional & Technical Services (20,173 peers)
+13.0%
assets growth YoY

Palmer Group 401(k) Plan's mid-pack asset rank among Professional & Technical Services and all filers

Palmer Group 401(k) Plan vs every filed plan by assets

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

$11,254,045 Top 42% higher than 58% 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 Group 401(k) 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 Group 401(k) Plan sits mid-pack in the medium band (190 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palmer Group 401(k) Plan reported net income rose from $793K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Palmer Group 401(k) Plan end-of-year assets rose from $10M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Palmer Group 401(k) Plan reported participants fell from 196 in the plan year 2023 filing to 190 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 421480932 · Palmer Companies, Inc. PY 2024 · 401(k)

Palmer Group 401(k) Plan · $11M · 190 · 58th

  • BOOK $11M
  • BOOK 190
  • BOOK 58th
  • BOOK 401(k)
  • BOOK near Andover Bank Employees Stock Purchase Plan
  • BOOK ind #11432

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 Professional & Technical Services retirement plans → · Plans in Iowa →

Palmer Group 401(k) Plan in the asset neighbourhood

Palmer Group 401(k) Plan$11MAndover Bank Employees Stock Purchase PlanAndover Bank Employees Stock…$11MNative Seed, LP 401(k) Plan$11MAamp Global 401(k) Plan$11MArcadia Bluffs 401(k) Plan$11M
End-of-year total assets ($M) among Palmer Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$1M
Employer EIN421480932
Plan Effective Date2002-01-01
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 401(k) Plans in Iowa

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

Palmer Group 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -20246 Total assets ($B) Participants Palmer Group 401(k) Plan, Total assets ($B): 0.011254045 · Participants: 190Palmer Group 401(k) PlanThe Principal Select Savings Plan, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select Savings PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retirement PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affiliates 401(k) PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) Retirement Savings Plan
Palmer Group 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Palmer Group 401(k) Plan side-by-side with 3 peers →

Palmer Group 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Andover Bank Employees Stock Purchase Plan in OH ($11M); by covered participants it is Spm Marketing & Communications 401(k) Profit Sharing Plan in IL (190 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Similar participant headcount

Nearest other-state filings by covered participants (190 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 Group 401(k) Plan assets move in 2024? ▼
Palmer Group 401(k) Plan grew at a solid clip - up 13.0% during 2024, from $10M to $11M. Reported net income was $1M.
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.
Which 401(k) plans are similar in size to Palmer Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Andover Bank Employees Stock Purchase Plan in OH ($11M, 101 participants).
Which 401(k) plans cover a similar participant headcount to Palmer Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Spm Marketing & Communications 401(k) Profit Sharing Plan in IL (190 participants, N/A 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 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.