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

Palm Automotive Management, Inc.

53 Plan: Palm Automotive Group Employee 401k Plan

 
 
53
18
57
74
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (53) and the top rated plan (74) could equate to:
[How is this calculated?]
10 additional years of work
Up to $118,800 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 53. Palm Automotive Group Employee 401k Plan currently has over 200 active participants and over $5.3M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
15
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. Total Guaranteed Investment Contracts 55%
2. Minnesota Life LifeStrategy II 10%
3. Minnesota Life Intermediate Term Bond Index IA 7%

 Retirement Plan Details

Address 1901 Tamiami Trail
Punta Gorda, FL 33950-5917 
Industry New Car Dealers
Administrator David Fetkenher
Net Plan Assets $5,250,000
Total Participants 210
Avg Account Balance $33,000

 Compare Other Companies in Peer Group

Rivergate 63.9
Dirito Brothers Walnut Creek 59.1
Valley Sales 56.8
Mike Raisor Pontiac 56.7
John Hine Pontiac 55.0
Von Housen Motors 52.0

  Plan Service Providers

Insurance Carrier Minnesota Life
Insurance Advisor/Broker Amy G. Rawls
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.

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