Palmetto Automatic Sprinkler Co., Inc.401(k)
PALMETTO AUTOMATIC SPRINKLER CO., INC. RETIREMENT PLAN & TRUST · WEST COLUMBIA, SC · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Palmetto Automatic Sprinkler Co., Inc. reported $44,324 in plan administrative expenses for 2023: 1.31% of average plan assets, higher than ~90% of peers. Employer contributions averaged $205 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.
Across the 2 years on file its reported administrative ratio rose from 1.24% to 1.95%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in South Carolina (619th of 807), and 4,330th of 5,337 in construction. In 2023, employees put in $6.46 for every $1.00 the employer contributed; active participation has grown from 214 to 244 since 2022.
Palmetto Automatic Sprinkler Co., Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 570623696 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.