Palm Automotive Management, Inc.

59
Form 5500 Data

Overview

Plan Rating

BrightScope Rating
59
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (48)
Average in Peer Group (61)
Highest in Peer Group (73)

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 59. This plan is in the top 35% of plans for Salary Deferral. Palm Automotive Group Employee 401k Plan currently has over 200 active participants and over $6.9M in plan assets.

Did you know?

For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (59) and the top rated plan (73) could equate to:
6
Additional years of work
111,344
Lost 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.How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2013
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 1901 Tamiami Trail
  • Location
    Punta Gorda , FL
  • 33950-5917
  • Industry
    New Car Dealers
  • Administrator
    David Fetkenher
  • Net Plan Assets
    $6,950,000
  • Total Participants
    240
  • Avg Account Balance
    $41,000

Plan Components

Component Ratings

Design

Total Plan Cost:
High Fees
Company Generosity:
Below Avg.

Performance

Participation Rate:
Below Avg.
Salary Deferrals:
Above Average
Account Balance:
Average

Design

Total Plan Cost:
Average Fees
Company Generosity:
Average

Performance

Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Above Average
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Investments

Investment Menu Stats

# of Investment Options

15

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Minnesota Life Guaranteed Return Account 39%
N/A
Minnesota Life Large Growth Equity VIII 12%
N/A
Minnesota Life LifeStrategy II 8%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Minnesota Life
Insurance Advisor/Broker
Independent Financial Partners
Insurance Advisor/Broker
Financial Telesis, Inc.
Insurance Advisor/Broker
Minnesota Life
Investment Adviser
Minnesota Life
Administration
Minnesota Life
Recordkeeper
Minnesota Life
Consultant
Minnesota Life
Auditor
Gerson, Preston, Robinson & Co.

Articles and Questions

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