401k Plan data: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN plan

PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type	Defined Contribution Pension
Plan Features/Benefits	Stock bonus Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP. The employer maintaining this ESOP is an S Corporation Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

PALMER COMPANIES, INC. has sponsored the creation of one or more 401k plans.

Company Name: PALMER COMPANIES, INC.

Employer identification number (EIN): 421480932

NAIC Classification: 722513
NAIC Description: Limited-Service Restaurants

Additional information about PALMER COMPANIES, INC.

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities

Incorporation Date: 1998-11-05

Company Identification Number: 222400

Legal Registered Office Address: 3737 WOODLAND AVE STE 200

WEST DES MOINES
United States of America (USA)
50266

More information about PALMER COMPANIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 TRACI ELLIS 2023-10-16 TRACI ELLIS 2023-10-16
002 2021-01-01 TRACI ELLIS 2022-10-13 TRACI ELLIS 2022-10-13
002 2020-01-01 TRACI ELLIS 2021-10-15
002 2019-01-01 TRACI ELLIS 2020-12-14 TRACI ELLIS 2020-12-14
002 2019-01-01 TRACI ELLIS 2020-12-14 TRACI ELLIS 2020-12-14
002 2018-01-01 TRACI ELLIS 2019-09-18 TRACI ELLIS 2019-09-18
002 2017-01-01
002 2016-06-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	TRACI ELLIS	2023-10-16	TRACI ELLIS	2023-10-16
002	2021-01-01	TRACI ELLIS	2022-10-13	TRACI ELLIS	2022-10-13
002	2020-01-01	TRACI ELLIS	2021-10-15
002	2019-01-01	TRACI ELLIS	2020-12-14	TRACI ELLIS	2020-12-14
002	2019-01-01	TRACI ELLIS	2020-12-14	TRACI ELLIS	2020-12-14
002	2018-01-01	TRACI ELLIS	2019-09-18	TRACI ELLIS	2019-09-18
002	2017-01-01
002	2016-06-30

Plan Statistics for PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 270
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 159
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 79
Total of all active and inactive participants 2022-01-01 238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 239
Number of participants with account balances 2022-01-01 234
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 44
2021: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 285
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 149
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 95
Total of all active and inactive participants 2021-01-01 244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 244
Number of participants with account balances 2021-01-01 233
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 75
2020: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 254
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 178
Number of retired or separated participants receiving benefits 2020-01-01 1
Number of other retired or separated participants entitled to future benefits 2020-01-01 73
Total of all active and inactive participants 2020-01-01 252
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 252
Number of participants with account balances 2020-01-01 243
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 50
2019: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 213
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 153
Number of retired or separated participants receiving benefits 2019-01-01 1
Number of other retired or separated participants entitled to future benefits 2019-01-01 59
Total of all active and inactive participants 2019-01-01 213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 213
Number of participants with account balances 2019-01-01 206
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 47
2018: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 182
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 144
Number of retired or separated participants receiving benefits 2018-01-01 1
Number of other retired or separated participants entitled to future benefits 2018-01-01 41
Total of all active and inactive participants 2018-01-01 186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 186
Number of participants with account balances 2018-01-01 180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 31
2017: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 119
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 124
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 33
Total of all active and inactive participants 2017-01-01 157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 157
Number of participants with account balances 2017-01-01 147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 33
2016: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-06-30 103
Total number of active participants reported on line 7a of the Form 5500 2016-06-30 101
Number of retired or separated participants receiving benefits 2016-06-30 0
Number of other retired or separated participants entitled to future benefits 2016-06-30 0
Total of all active and inactive participants 2016-06-30 101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-06-30 0
Total participants 2016-06-30 101
Number of participants with account balances 2016-06-30 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-06-30 0

Measure	Date	Value
2022: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	270
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	159
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	79
Total of all active and inactive participants	2022-01-01	238
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	239
Number of participants with account balances	2022-01-01	234
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	44
2021: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	285
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	149
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	95
Total of all active and inactive participants	2021-01-01	244
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	244
Number of participants with account balances	2021-01-01	233
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	75
2020: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	254
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	178
Number of retired or separated participants receiving benefits	2020-01-01	1
Number of other retired or separated participants entitled to future benefits	2020-01-01	73
Total of all active and inactive participants	2020-01-01	252
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	252
Number of participants with account balances	2020-01-01	243
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	50
2019: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	213
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	153
Number of retired or separated participants receiving benefits	2019-01-01	1
Number of other retired or separated participants entitled to future benefits	2019-01-01	59
Total of all active and inactive participants	2019-01-01	213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	213
Number of participants with account balances	2019-01-01	206
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	47
2018: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	182
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	144
Number of retired or separated participants receiving benefits	2018-01-01	1
Number of other retired or separated participants entitled to future benefits	2018-01-01	41
Total of all active and inactive participants	2018-01-01	186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	186
Number of participants with account balances	2018-01-01	180
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	31
2017: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	119
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	124
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	33
Total of all active and inactive participants	2017-01-01	157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	157
Number of participants with account balances	2017-01-01	147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	33
2016: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-06-30	103
Total number of active participants reported on line 7a of the Form 5500	2016-06-30	101
Number of retired or separated participants receiving benefits	2016-06-30	0
Number of other retired or separated participants entitled to future benefits	2016-06-30	0
Total of all active and inactive participants	2016-06-30	101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-06-30	0
Total participants	2016-06-30	101
Number of participants with account balances	2016-06-30	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-06-30	0

Financial Data on PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2022 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$3,135,000
Total unrealized appreciation/depreciation of assets	2022-12-31	$3,135,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$9,772,559
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$10,414,105
Expenses. Interest paid	2022-12-31	$233,277
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2022-12-31	$233,277
Total income from all sources (including contributions)	2022-12-31	$4,440,030
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$482,866
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$249,235
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,330,263
Value of total assets at end of year	2022-12-31	$20,916,575
Value of total assets at beginning of year	2022-12-31	$17,600,957
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$354
Total interest from all sources	2022-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$18,964
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$18,964
Administrative expenses professional fees incurred	2022-12-31	$354
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Total non interest bearing cash at end of year	2022-12-31	$1,675
Total non interest bearing cash at beginning of year	2022-12-31	$1,720
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$3,957,164
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$11,144,016
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$7,186,852
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$356,900
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$176,237
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-44,197
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Assets. Invements in employer securities at end of year	2022-12-31	$20,558,000
Assets. Invements in employer securities at beginning of year	2022-12-31	$17,423,000
Contributions received in cash from employer	2022-12-31	$1,330,263
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$249,235
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2022-12-31	$9,772,559
Liabilities. Value of acquisition indebtedness at beginning of year	2022-12-31	$10,414,105
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	MHCS P.C.
Accountancy firm EIN	2022-12-31	421104473
2021 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2021-12-31	$6,650,000
Total unrealized appreciation/depreciation of assets	2021-12-31	$6,650,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$10,414,105
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$11,041,596
Expenses. Interest paid	2021-12-31	$247,332
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2021-12-31	$247,332
Total income from all sources (including contributions)	2021-12-31	$7,809,971
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$400,385
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$153,008
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,153,552
Value of total assets at end of year	2021-12-31	$17,600,957
Value of total assets at beginning of year	2021-12-31	$10,818,862
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$45
Total interest from all sources	2021-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$7,610
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$7,610
Administrative expenses professional fees incurred	2021-12-31	$45
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Total non interest bearing cash at end of year	2021-12-31	$1,720
Total non interest bearing cash at beginning of year	2021-12-31	$1,765
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$7,409,586
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$7,186,852
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$-222,734
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$176,237
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$44,097
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$-1,191
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Assets. Invements in employer securities at end of year	2021-12-31	$17,423,000
Assets. Invements in employer securities at beginning of year	2021-12-31	$10,773,000
Contributions received in cash from employer	2021-12-31	$1,153,552
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$153,008
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2021-12-31	$10,414,105
Liabilities. Value of acquisition indebtedness at beginning of year	2021-12-31	$11,041,596
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	BERGANKDV, LTD
Accountancy firm EIN	2021-12-31	411431613
2020 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-12-31	$608,000
Total unrealized appreciation/depreciation of assets	2020-12-31	$608,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$11,041,596
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$11,655,339
Expenses. Interest paid	2020-12-31	$261,080
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2020-12-31	$261,080
Total income from all sources (including contributions)	2020-12-31	$1,659,422
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$393,737
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$132,502
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$1,051,286
Value of total assets at end of year	2020-12-31	$10,818,862
Value of total assets at beginning of year	2020-12-31	$10,166,920
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$155
Total interest from all sources	2020-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$155
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Total non interest bearing cash at end of year	2020-12-31	$1,765
Total non interest bearing cash at beginning of year	2020-12-31	$1,920
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$1,265,685
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$-222,734
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$-1,488,419
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$44,097
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$136
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Assets. Invements in employer securities at end of year	2020-12-31	$10,773,000
Assets. Invements in employer securities at beginning of year	2020-12-31	$10,165,000
Contributions received in cash from employer	2020-12-31	$1,051,286
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$132,502
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2020-12-31	$11,041,596
Liabilities. Value of acquisition indebtedness at beginning of year	2020-12-31	$11,655,339
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	BERGANKDV, LTD
Accountancy firm EIN	2020-12-31	411431613
2019 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$3,420,000
Total unrealized appreciation/depreciation of assets	2019-12-31	$3,420,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$11,655,339
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$12,255,635
Expenses. Interest paid	2019-12-31	$274,526
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2019-12-31	$274,526
Total income from all sources (including contributions)	2019-12-31	$4,342,491
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$322,355
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$47,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$922,491
Value of total assets at end of year	2019-12-31	$10,166,920
Value of total assets at beginning of year	2019-12-31	$6,747,080
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$160
Total interest from all sources	2019-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Administrative expenses professional fees incurred	2019-12-31	$160
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Total non interest bearing cash at end of year	2019-12-31	$1,920
Total non interest bearing cash at beginning of year	2019-12-31	$2,080
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$4,020,136
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$-1,488,419
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$-5,508,555
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Assets. Invements in employer securities at end of year	2019-12-31	$10,165,000
Assets. Invements in employer securities at beginning of year	2019-12-31	$6,745,000
Contributions received in cash from employer	2019-12-31	$922,491
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$47,669
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2019-12-31	$11,655,339
Liabilities. Value of acquisition indebtedness at beginning of year	2019-12-31	$12,255,635
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Accountancy firm name	2019-12-31	BERGANKDV, LTD
Accountancy firm EIN	2019-12-31	411431613
2018 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2018-12-31	$2,337,000
Total unrealized appreciation/depreciation of assets	2018-12-31	$2,337,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$12,255,635
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2018-12-31	$12,842,780
Expenses. Interest paid	2018-12-31	$287,678
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2018-12-31	$287,678
Total income from all sources (including contributions)	2018-12-31	$3,229,676
Total loss/gain on sale of assets	2018-12-31	$0
Total of all expenses incurred	2018-12-31	$305,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$17,854
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$892,676
Value of total assets at end of year	2018-12-31	$6,747,080
Value of total assets at beginning of year	2018-12-31	$4,410,285
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$204
Total interest from all sources	2018-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	No
Administrative expenses professional fees incurred	2018-12-31	$204
Was this plan covered by a fidelity bond	2018-12-31	Yes
Value of fidelity bond cover	2018-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2018-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Total non interest bearing cash at end of year	2018-12-31	$2,080
Total non interest bearing cash at beginning of year	2018-12-31	$2,285
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$2,923,940
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$-5,508,555
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$-8,432,495
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Assets. Invements in employer securities at end of year	2018-12-31	$6,745,000
Assets. Invements in employer securities at beginning of year	2018-12-31	$4,408,000
Contributions received in cash from employer	2018-12-31	$892,676
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$17,854
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2018-12-31	$12,255,635
Liabilities. Value of acquisition indebtedness at beginning of year	2018-12-31	$12,842,780
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	No
Opinion of an independent qualified public accountant for this plan	2018-12-31	Unqualified
Accountancy firm name	2018-12-31	BROOKS LODDEN, P.C.
Accountancy firm EIN	2018-12-31	421229486
2017 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2017-12-31	$3,705,000
Total unrealized appreciation/depreciation of assets	2017-12-31	$3,705,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$12,842,780
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2017-12-31	$13,417,060
Expenses. Interest paid	2017-12-31	$300,542
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2017-12-31	$300,542
Total income from all sources (including contributions)	2017-12-31	$4,579,822
Total loss/gain on sale of assets	2017-12-31	$0
Total of all expenses incurred	2017-12-31	$300,732
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$874,822
Value of total assets at end of year	2017-12-31	$4,410,285
Value of total assets at beginning of year	2017-12-31	$705,475
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$190
Total interest from all sources	2017-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Administrative expenses professional fees incurred	2017-12-31	$190
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Total non interest bearing cash at end of year	2017-12-31	$2,285
Total non interest bearing cash at beginning of year	2017-12-31	$2,475
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$4,279,090
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$-8,432,495
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$-12,711,585
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	No
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Assets. Invements in employer securities at end of year	2017-12-31	$4,408,000
Assets. Invements in employer securities at beginning of year	2017-12-31	$703,000
Contributions received in cash from employer	2017-12-31	$874,822
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2017-12-31	$12,842,780
Liabilities. Value of acquisition indebtedness at beginning of year	2017-12-31	$13,417,060
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	No
Opinion of an independent qualified public accountant for this plan	2017-12-31	Unqualified
Accountancy firm name	2017-12-31	BROOKS LODDEN, P.C.
Accountancy firm EIN	2017-12-31	421229486
2016 : PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2016-12-31	$-12,984,500
Total unrealized appreciation/depreciation of assets	2016-12-31	$-12,984,500
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$13,417,060
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2016-12-31	$0
Expenses. Interest paid	2016-12-31	$154,560
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2016-12-31	$154,560
Total income from all sources (including contributions)	2016-12-31	$-12,557,000
Total of all expenses incurred	2016-12-31	$154,585
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$427,500
Value of total assets at end of year	2016-12-31	$705,475
Value of total assets at beginning of year	2016-12-31	$0
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$25
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2016-12-31	No
Administrative expenses professional fees incurred	2016-12-31	$25
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$2,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Total non interest bearing cash at end of year	2016-12-31	$2,475
Total non interest bearing cash at beginning of year	2016-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$-12,711,585
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$-12,711,585
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2016-12-31	No
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Assets. Invements in employer securities at end of year	2016-12-31	$703,000
Assets. Invements in employer securities at beginning of year	2016-12-31	$0
Contributions received in cash from employer	2016-12-31	$427,500
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Liabilities. Value of acquisition indebtedness at end of year	2016-12-31	$13,417,060
Liabilities. Value of acquisition indebtedness at beginning of year	2016-12-31	$0

Form 5500 Responses for PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN

2022: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: PALMER GROUP EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-06-30	Type of plan entity	Single employer plan
2016-06-30	First time form 5500 has been submitted	Yes
2016-06-30	Submission has been amended	No
2016-06-30	This submission is the final filing	No
2016-06-30	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-06-30	Plan is a collectively bargained plan	No
2016-06-30	Plan funding arrangement – Trust	Yes
2016-06-30	Plan benefit arrangement - Trust	Yes

Potentially related plans

PALMER GROUP EMPLOYEE BENEFIT PLAN [EIN = 351112033]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	PALMER COMPANIES, INC.
Employer identification number (EIN):	421480932
NAIC Classification:	722513
NAIC Description:	Limited-Service Restaurants

Jurisdiction of Incorporation:	Iowa Secretary of State Business Entities
Incorporation Date:	1998-11-05
Company Identification Number:	222400
Legal Registered Office Address:	3737 WOODLAND AVE STE 200 WEST DES MOINES United States of America (USA) 50266