R M Palmer Company LLC 401(k) Review & Grade
R M Palmer Company Investment Opportunity Plan
West Reading, PAManufacturing596 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,218Employer $ per active participant
$1,684Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$50.6MNet plan assets, end of year
$63,276Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost18.1 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 73th |
| Employee saving | 8th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- R M Palmer Company put in about $2,218 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,321,649 |
| Participant (employee) contributions | $1,003,599 |
| Other contributions (incl. rollovers in) | $499,776 |
| Administrative expenses paid from the plan | $52,408 |
| Other admin expenses | $52,408 |
| Benefits paid out | $6,311,223 |
| Net assets, start / end of year | $47.7M / $50.6M |
| Active participants, start / end of year | 566 / 626 |
| Participants with account balances | 800 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $55,158 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013161519NAL0000820819001, received 2025-10-13, EIN 92-2513241, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.