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PALMETTO BOAT CENTER, INC 401K PLAN 401k Plan overview

Plan NamePALMETTO BOAT CENTER, INC 401K PLAN
Plan identification number 001

PALMETTO BOAT CENTER, INC 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PALMETTO BOAT CENTER INC has sponsored the creation of one or more 401k plans.

Company Name:PALMETTO BOAT CENTER INC
Employer identification number (EIN):742985405
NAIC Classification:441222
NAIC Description:Boat Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALMETTO BOAT CENTER, INC 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SHIRLEY HORNER2024-09-12
0012022-01-01NICK RICE2023-09-19
0012021-01-01BRITTANY CALKINS2024-03-12
0012020-01-01BRITTANY CALKINS2022-04-01

Financial Data on PALMETTO BOAT CENTER, INC 401K PLAN

Measure Date Value
2025 : PALMETTO BOAT CENTER, INC 401K PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1717914
Net assets as of the end of the plan year2025-07-17267687
Total assets as of the beginning of the plan year2025-07-17207815
Value of plan covered by a fidelity bond2025-07-1721000
Participant contributions to plan in this plan year2025-07-1730501
Value of participant loans at end of plan year2025-07-175788
Other income to plan in this plan year2025-07-1725599
Plan net income in this plan year2025-07-1759872
Net assets as of the end of the plan year2025-07-17267687
Net assets as of the beginning of the plan year2025-07-17207815
Employer contributions to plan in this plan year2025-07-1721686
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-173096
2024 : PALMETTO BOAT CENTER, INC 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-1230934
Net assets as of the end of the plan year2024-09-12207815
Total assets as of the beginning of the plan year2024-09-12156338
Value of plan covered by a fidelity bond2024-09-1216000
Participant contributions to plan in this plan year2024-09-1229026
Value of participant loans at end of plan year2024-09-122624
Other income to plan in this plan year2024-09-1228771
Plan net income in this plan year2024-09-1251477
Net assets as of the end of the plan year2024-09-12207815
Net assets as of the beginning of the plan year2024-09-12156338
Employer contributions to plan in this plan year2024-09-1224614
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-122558
Total expenses incurred by plan in this plan year2024-03-129788
Net assets as of the end of the plan year2024-03-12118159
Total assets as of the beginning of the plan year2024-03-1262750
Value of plan covered by a fidelity bond2024-03-127000
Participant contributions to plan in this plan year2024-03-1227776
Value of participant loans at end of plan year2024-03-125896
Other income to plan in this plan year2024-03-1212931
Plan net income in this plan year2024-03-1255409
Net assets as of the end of the plan year2024-03-12118159
Net assets as of the beginning of the plan year2024-03-1262750
Employer contributions to plan in this plan year2024-03-1224490
Expensese paid to adminstrative service provicers from plan in this plan year2024-03-121502

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