Plan Ledger DOL Form 5500 · updated monthly

Palomar Technologies, Inc.401(k)

PALOMAR TECHNOLOGIES, INC. 401(K) PLAN · CARLSBAD, CA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Palomar Technologies, Inc. reported $43,063 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,863 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 fell from 0.24% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,169th-largest of 9,483 plans among California employers on file, and the 5,219th of 13,661 in manufacturing. In 2024, employees put in $3.35 for every $1.00 the employer contributed; active participation has shrunk from 104 to 76 since 2022.

Plan summary
Net assets, end of year$24,306,508
Participants with balances123
Active participants76
Employer contributions$293,624
Employee contributions$984,784
Employer contribution per active participant$3,863
Average account balance$197,614
Benefits paid to participants$3,697,484
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.3M · 123 accts · $294K emplr
2023$23.6M · 132 accts · $284K emplr
2022$21.0M · 139 accts · $322K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,063
Total administrative$43,063
The Palomar Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$3,863
Median for plans this size$2,416
2024$3,863 per active participant
2023$2,991 per active participant
2022$3,097 per active participant

Palomar Technologies, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
EMPOWER ADVISORY GROUP LLP · Investment management$25,520
UBS FINANCIAL SERVICES INC · Investment advisory (plan)$20,875
ACTUARIAL BENEFITS CORP · Contract administratorindirect comp
PENSION ASSURANCE LLP · Accounting / auditindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$43,063 · 0.18%
2023$51,524 · 0.23%
2022$53,920 · 0.24%
Same employer
Similar plansManufacturing · California
Kellogg Supply, Inc. CA$24.7M · 0.24%
Astro Pak Corporation CA$24.5M · 0.13%
Indie LLC CA$24.5M · 0.42%
Organicgirl, LLC CA$24.4M · 0.01%
John Boyd Enterprises Inc CA$24.2M · 0.42%
The Lyman Group, Inc. CA$24.2M · 0.16%
Emerald Packaging, Inc. CA$24.0M · 0.35%
Wei-Chuan, U.S.A., Inc. CA$24.0M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330781304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.