Palmetto Infusion Services, LLC 401(k) Review & Grade
Palmetto Infusion Services, LLC 401(k) Plan
Pawley Island, SCHealth Care & Social Assistance522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,840Employer $ per active participant
$3,595Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$18.0MNet plan assets, end of year
$46,595Average balance per account
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 42th |
| Employee saving | 63th |
| Peers that auto-enroll | 36% |
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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
- Palmetto Infusion Services put in about $1,840 per active participant, more than the typical peer ($976). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $961,486 |
| Participant (employee) contributions | $1,878,443 |
| Other contributions (incl. rollovers in) | $1,006,154 |
| Administrative expenses paid from the plan | $45,074 |
| Contract administrator fees | $45,074 |
| Benefits paid out | $1,120,980 |
| Net assets, start / end of year | $13.5M / $18.0M |
| Active participants, start / end of year | 527 / 518 |
| Participants with account balances | 386 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Webster Rogers |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $25,936 reported compensation |
| Empower Annuity Insurance Co of Ame | $23,345 reported compensation |
| Loren D Stark Company Inc | $3,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007092045NAL0002339987001, received 2025-10-07, EIN 57-1085343, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.