Home  >   401k Directory   >   Palm Automotive Management, Inc.
 
Company:
Palm Automotive Management, Inc.
Plan:
Palm Automotive Group Employee 401k Plan
 

Palm Automotive Management, Inc.

55 Plan: Palm Automotive Group Employee 401k Plan

 
 
55
1
55
75
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (55) and the top rated plan (75) could equate to:
[How is this calculated?]
8 additional years of work
Up to $199,000 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Palm Automotive Group Employee 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 55. This plan is in the top 35% of plans for Investment Menu Quality. Palm Automotive Group Employee 401k Plan currently has over 200 active participants and over $6.0M in plan assets.


 Investment Menu Statistics

No. of Investment Options
15
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. Minnesota Life Guaranteed Return Account 51%
2. Minnesota Life LifeStrategy II 9%
3. Minnesota Life Intermediate Term Bond Index IA 8%

 Retirement Plan Details

Address 1901 Tamiami Trail
Punta Gorda, FL 33950-5917 
Industry New Car Dealers
Administrator David Fetkenher
Net Plan Assets $5,960,000
Total Participants 220
Avg Account Balance $36,000

  Plan Service Providers

Insurance Carrier Minnesota Life
Insurance Advisor/Broker William M Montgomery
Insurance Advisor/Broker Minnesota Life
Investment Adviser Minnesota Life
Administration Minnesota Life
Recordkeeper Minnesota Life
Consultant Minnesota Life
Auditor Gerson, Preston, Robinson & Co.