ESOP · DOL Form 5500 · 2024

Palmer Companies, Inc. ESOP

Data updated 2026-08-25

$28M
Total assets Below avg plan size
187
Participants Below avg headcount
76th
Percentile by assets National rank
$147,855
Avg per participant Above 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

$28M in assets, 187 participants

Palmer Companies, Inc.'s Palmer Group Employee Stock Ownership Plan reported $28M in total assets and 187 participants in its 2024 DOL Form 5500 filing, ranking in the 76th 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.

  • #3,434 in Food Services & Accommodation (3,672 peers)

Coverage in Iowa

Palmer Group Employee Stock Ownership Plan covers 187 participants in Iowa, about 31% of the average Iowa filer (state average ~609 per filing). Assets: $28M.

#3,434
in Food Services & Accommodation (3,672 peers)
+4.8%
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 2024 · DOL Form 5500

$27,648,904 Top 24% higher than 76% 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 Employee Stock Ownership 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 Employee Stock Ownership Plan sits mid-pack in the medium band (187 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Palmer Group Employee Stock Ownership Plan reported net income fell from $6M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Palmer Group Employee Stock Ownership Plan end-of-year assets rose from $26M in the plan year 2023 filing to $28M in the plan year 2024 filing.
  • Palmer Group Employee Stock Ownership Plan reported participants fell from 191 in the plan year 2023 filing to 187 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 421480932 · Palmer Companies, Inc. PY 2024 · ESOP

Palmer Group Employee Stock Ownership Plan · $28M · 187 · 76th

  • RANK $28M
  • RANK 187
  • RANK 76th
  • RANK ESOP
  • RANK near Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust
  • RANK ind #3434

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

Dorsett Industries Employee Stock Ownership PlanDorsett Industries Employee …$28MPalmer Group Employee Stock Ownership PlanPalmer Group Employee Stock …$28MEspey Mfg. & Electronics Corp. Employee Retirement Plan & TrustEspey Mfg. & Electronics Cor…$28MPerelson Weiner Employee Stock Ownership PlanPerelson Weiner Employee Sto…$28MCk Supply Employee Stock Ownership PlanCk Supply Employee Stock Own…$28M
End-of-year total assets ($M) among Palmer Group Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$19M
Net Income$2M
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. 050010001500 -20002004006008001000 Total assets ($M) Participants Palmer Group Employee Stock Ownership Plan, Total assets ($M): 27.648904 · Participants: 187Palmer Group Employee Stock Ownership PlanEmployee Owned Brands, Inc. Employee Stock Ownership Plan, Total assets ($M): 877.41862 · Participants: 819Employee Owned Brands, Inc. Employee Stock Ownership PlanVan Meter Industrial, Inc. Employee Stock Ownership Plan, Total assets ($M): 658.666503 · Participants: 849Van Meter Industrial, Inc. Employee Stock Ownership PlanIta Group Holdings, Inc. Employees' Stock Ownership Plan, Total assets ($M): 498.079165 · Participants: 907Ita Group Holdings, Inc. Employees' Stock Ownership PlanPrecision, Inc. Employee Stock Ownership Plan and Trust, Total assets ($M): 472.977214 · Participants: 658Precision, Inc. Employee Stock Ownership Plan and TrustVgm Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 426.304167 · Participants: 1169Vgm 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 Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust in NY ($28M); by covered participants it is Kennie's Markets, Inc. Employee Stock Ownership Plan in PA (187 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (187 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 Employee Stock Ownership Plan assets move in 2024? ▼
Palmer Group Employee Stock Ownership Plan edged up modestly - up 4.8% during 2024, from $26M to $28M. Reported net income was $2M.
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 76th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust in NY ($28M, 103 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 Kennie's Markets, Inc. Employee Stock Ownership Plan in PA (187 participants, $21M 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.