401k Plan data: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN plan

PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 401k Plan overview

Plan Name	PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN
Plan identification number	001

PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
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

PALM ENGINEERING CONSTRUCTION COMPANY INC. has sponsored the creation of one or more 401k plans.

Company Name: PALM ENGINEERING CONSTRUCTION COMPANY INC.

Employer identification number (EIN): 710973001

NAIC Classification: 237990
NAIC Description: Other Heavy and Civil Engineering Construction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01
001 2021-01-01
001 2020-01-01

Plan Statistics for PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN

401k plan membership statisitcs for PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN

Measure Date Value
2023: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 77
Number of retired or separated participants receiving benefits 2023-01-01 0
Number of other retired or separated participants entitled to future benefits 2023-01-01 58
Total of all active and inactive participants 2023-01-01 135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 135
Number of participants with account balances 2023-01-01 114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 0
2022: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 77
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 58
Total of all active and inactive participants 2022-01-01 135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 135
Number of participants with account balances 2022-01-01 128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0

Measure	Date	Value
2023: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	77
Number of retired or separated participants receiving benefits	2023-01-01	0
Number of other retired or separated participants entitled to future benefits	2023-01-01	58
Total of all active and inactive participants	2023-01-01	135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	135
Number of participants with account balances	2023-01-01	114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	0
2022: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	77
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	58
Total of all active and inactive participants	2022-01-01	135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	135
Number of participants with account balances	2022-01-01	128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0

Financial Data on PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN

Measure	Date	Value
2023 : PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$369,209
Total loss/gain on sale of assets	2023-12-31	$15,077
Total of all expenses incurred	2023-12-31	$80,691
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$69,842
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$277,579
Value of total assets at end of year	2023-12-31	$849,315
Value of total assets at beginning of year	2023-12-31	$560,797
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$10,849
Total interest from all sources	2023-12-31	$1,375
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$22,212
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2023-12-31	$22,212
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$56,080
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Participant contributions at end of year	2023-12-31	$0
Participant contributions at beginning of year	2023-12-31	$2,827
Participant contributions at end of year	2023-12-31	$400
Participant contributions at beginning of year	2023-12-31	$400
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2023-12-31	$458
Other income not declared elsewhere	2023-12-31	$-3,934
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$288,518
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$849,315
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$560,797
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$840,114
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$536,760
Interest on participant loans	2023-12-31	$1,156
Interest earned on other investments	2023-12-31	$94
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$4,283
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$4,283
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2023-12-31	$125
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2023-12-31	$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2023-12-31	$7,726
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$56,900
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	No
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$277,579
Employer contributions (assets) at end of year	2023-12-31	$8,801
Employer contributions (assets) at beginning of year	2023-12-31	$8,801
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$69,384
Did the plan have assets held for investment	2023-12-31	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	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Aggregate proceeds on sale of assets	2023-12-31	$15,077
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	JLK ROSENBERGER LLP
Accountancy firm EIN	2023-12-31	271532099
2022 : PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$271,140
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$89,913
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$67,161
Expenses. Certain deemed distributions of participant loans	2022-12-31	$10,570
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$325,019
Value of total assets at end of year	2022-12-31	$560,797
Value of total assets at beginning of year	2022-12-31	$379,570
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$12,182
Total interest from all sources	2022-12-31	$252
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$29,618
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	$29,618
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$40,000
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
Contributions received from participants	2022-12-31	$11,100
Participant contributions at end of year	2022-12-31	$2,827
Participant contributions at beginning of year	2022-12-31	$5,447
Participant contributions at end of year	2022-12-31	$400
Participant contributions at beginning of year	2022-12-31	$250
Other income not declared elsewhere	2022-12-31	$-1,196
Administrative expenses (other) incurred	2022-12-31	$12,182
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	$181,227
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$560,797
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$379,570
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	$536,760
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$373,873
Interest on participant loans	2022-12-31	$166
Interest earned on other investments	2022-12-31	$63
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$4,283
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$23
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2022-12-31	$7,726
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-82,553
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
Contributions received in cash from employer	2022-12-31	$313,919
Employer contributions (assets) at end of year	2022-12-31	$8,801
Employer contributions (assets) at beginning of year	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$67,161
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
Aggregate proceeds on sale of assets	2022-12-31	$1,364
Aggregate carrying amount (costs) on sale of assets	2022-12-31	$1,364
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	JLK ROSENBERGER LLP
Accountancy firm EIN	2022-12-31	271532099

Form 5500 Responses for PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN

2023: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: PALM ENGINEERING CONSTRUCTION COMPANY INC. RETIREMENT 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 – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )

Policy contract number

104-4691-3

Policy instance

Insurance contract or identification number	104-4691-3
Number of Individuals Covered	114
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )

Policy contract number

104-4691-3

Policy instance

Insurance contract or identification number	104-4691-3
Number of Individuals Covered	128
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Are there contracts with allocated funds for individual policies?	0
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	PALM ENGINEERING CONSTRUCTION COMPANY INC.
Employer identification number (EIN):	710973001
NAIC Classification:	237990
NAIC Description:	Other Heavy and Civil Engineering Construction