Plan Ledger DOL Form 5500 · updated monthly

Palmaccio Management Corp.401(k)

PALMACCIO MANAGEMENT CORP. RETIREMENT PLAN · POOLER, GA · plan year 2022

Reported admin expense ratio · 2022
1.64%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Palmaccio Management Corp. reported $3,827 in plan administrative expenses for 2022: 1.64% of average plan assets, above the peer median. Employer contributions averaged $159 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Georgia (2,110th of 2,160), and 2,012th of 2,240 in accommodation & food services. In 2022, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$286,337
Participants with balances32
Active participants357
Employer contributions$56,791
Employee contributions$114,396
Employer contribution per active participant$159
Average account balance$8,948
Benefits paid to participants$14,730
Plan auditUnmodified (clean) audit opinion
AuditorLAUFER, LLP
Administrative expenses, itemized · 2022
Investment management$1,500
Total administrative$3,827
The Palmaccio Management Corp. 401(k) match · 2022
Employer contribution per active participant$159
Median for plans this size$331

Palmaccio Management Corp.'s 2022 employer contribution ran below the $331 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$3,827 · 1.64%
Similar plansAccommodation & Food Services · Georgia
Aaron Excellence, LLC GA$357K · 1.08%
Ps 37 Managment, Inc. GA$318K · 1.55%
Jjs of Atlanta, LLC GA$287K · 0.32%
Cabins for You GA$231K · 3.05%
Northeast Georgia, Inc. GA$207K · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201599030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.