401k Record

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Palmer Square Capital Management 401(k)

Recordkeeping fees per participant · Palmer Square Capital Management 401(k) Plan · plan year 2024

$110.66

Higher than 62% of the 14,075 plans $10 to 50M that report it.

Source

= $19,919 / 180
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250910090520NAL0021025153001, received 2025-09-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910090520NAL0021025153001, received 2025-09-10

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-10.

Cost and contributions

Administrative expenses excluding investment management, per participant

$110.66

10th: $15.36median $118.8890th: $340.63

Higher than 47% of the 24,371 plans $10 to 50M that report it.

Source

= $19,919 / 180
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250910090520NAL0021025153001, received 2025-09-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910090520NAL0021025153001, received 2025-09-10

Administrative expenses per participant

$211.52

10th: $26.86median $197.2590th: $456.10

Higher than 53% of the 25,098 plans $10 to 50M that report it.

Source

= $38,073 / 180
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250910090520NAL0021025153001, received 2025-09-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910090520NAL0021025153001, received 2025-09-10

Administrative expenses as a share of assets

0.355%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 61% of the 25,132 plans $10 to 50M that report it.

Source

= $38,073 / $10,731,950
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250910090520NAL0021025153001, received 2025-09-10
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250910090520NAL0021025153001, received 2025-09-10

Employer contributions per participant

$2,497

10th: $664median $2,07490th: $4,751

Higher than 62% of the 24,050 plans $10 to 50M that report it.

Source

= $449,444 / 180
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250910090520NAL0021025153001, received 2025-09-10
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910090520NAL0021025153001, received 2025-09-10

Employer share of total contributions

15.3%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 14% of the 24,084 plans $10 to 50M that report it.

Source

= $449,444 / $2,944,171
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250910090520NAL0021025153001, received 2025-09-10
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250910090520NAL0021025153001, received 2025-09-10

Plan terms, as stated in Palmer Square Capital Management, LLC's SEC filings

Plan terms are not published in public filings.

Plan features

2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250910090520NAL0021025153001, received 2025-09-10

Full record, Palmer Square Capital Management 401(k) Plan

FieldValueSource
Plan sponsorPALMER SQUARE CAPITAL MANAGEMENT, LLCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250910090520NAL0021025153001, received 2025-09-10
Plan namePALMER SQUARE CAPITAL MANAGEMENT 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250910090520NAL0021025153001, received 2025-09-10
Sponsor EIN / plan number27-0400678 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250910090520NAL0021025153001, received 2025-09-10
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250910090520NAL0021025153001, received 2025-09-10
Sponsor locationMISSION WOODS, KSForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250910090520NAL0021025153001, received 2025-09-10
Industry (business code)523900, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250910090520NAL0021025153001, received 2025-09-10
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250910090520NAL0021025153001, received 2025-09-10
Filing received2025-09-10Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250910090520NAL0021025153001, received 2025-09-10
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250910090520NAL0021025153001, received 2025-09-10
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250910090520NAL0021025153001, received 2025-09-10
Participants, beginning of year169Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250910090520NAL0021025153001, received 2025-09-10
Active participants207Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250910090520NAL0021025153001, received 2025-09-10
Participants, end of year234Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250910090520NAL0021025153001, received 2025-09-10
Participants with an account balance180Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250910090520NAL0021025153001, received 2025-09-10
Total assets, beginning of year$6,852,964Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250910090520NAL0021025153001, received 2025-09-10
Total assets, end of year$10,731,950Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250910090520NAL0021025153001, received 2025-09-10
Net assets, end of year$10,731,950Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250910090520NAL0021025153001, received 2025-09-10
Total income$4,160,903Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250910090520NAL0021025153001, received 2025-09-10
Net income$3,889,500Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250910090520NAL0021025153001, received 2025-09-10
Employer contributions$449,444Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250910090520NAL0021025153001, received 2025-09-10
Participant contributions$1,613,356Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250910090520NAL0021025153001, received 2025-09-10
Other contributions (incl. rollovers)$881,371Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250910090520NAL0021025153001, received 2025-09-10
Total contributions$2,944,171Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250910090520NAL0021025153001, received 2025-09-10
Benefit payments$232,228Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250910090520NAL0021025153001, received 2025-09-10
Total expenses (incl. benefit payments)$271,403Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250910090520NAL0021025153001, received 2025-09-10
Total administrative expenses$38,073Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250910090520NAL0021025153001, received 2025-09-10
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250910090520NAL0021025153001, received 2025-09-10
Recordkeeping fees$19,919Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250910090520NAL0021025153001, received 2025-09-10
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250910090520NAL0021025153001, received 2025-09-10
Investment advisory and management fees$18,154Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250910090520NAL0021025153001, received 2025-09-10
Administrative expenses excluding investment management$19,919derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250910090520NAL0021025153001, received 2025-09-10
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250910090520NAL0021025153001, received 2025-09-10
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250910090520NAL0021025153001, received 2025-09-10
Held in mutual funds$10,342,401Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250910090520NAL0021025153001, received 2025-09-10
Independent auditorPICKETT, CHANEY & MCMULLEN LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250910090520NAL0021025153001, received 2025-09-10

Position = column in the DOL layout for form year 2024. Filing 20250910090520NAL0021025153001, received 2025-09-10.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ANNUITY INSURANCE COMPANY OrecordkeeperRECORDKEEPER 64 Recordkeeping fees $19,919yes
MERRILL LYNCH PIERCE FENNER & SMITHINVESTMENT ADVISOR 27 Investment advisory (plan) $17,190no
EMPOWER ADVISORY GROUP, LLCINVESTMENT MGMT 28 Investment management $964no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250910090520NAL0021025153001, received 2025-09-10.

What changed since the 2023 plan year

Figure20232024Change
Total assets$6,852,964$10,731,95056.6%
Participants with a balance13018038.5%
Administrative expenses$10,517$38,073262.0%
Recordkeeping fees per participant$43.25$110.66155.8%
Employer contributions$398,948$449,44412.7%

Prior filing 20241014162347NAL0013615683001, received 2024-10-14; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: PALMER SQUARE CAPITAL MANAGEMENT, LLC; SEC registrant: PALMER SQUARE CAPITAL MANAGEMENT, LLC (CIK 1483325, matched by EIN).