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Original filing (PDF)20250729124850NAL0002773793001
PALMETTO ENGINEERING & CONSULTING, INC
Form 5500
FILING_RECEIVED
PALMETTO ENGINEERING EMPLOYEE STOCK OWNERSHIP PLAN
Defined-contribution retirement plan
Signals · 3
94% in single holding100% employer stockNo recordkeeper disclosed
Active participants
133
Accounts w/ balance
141
Plan assets (EOY)
$2.2M
Net assets (EOY)
-$26.9M
How this plan invests
This plan
2 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
50
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Palmetto Engineering Unallocated employer common stock, 94,407.1756 shares" is 94% of plan.
- 100% of plan in employer / sponsor stock.
- No recordkeeper disclosed on Schedule C.
Helping the score
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PALMETTO ENGINEERING & CONSULTING, INC.
Plan sponsor
Name
PALMETTO ENGINEERING & CONSULTING, INC
EIN
75-3218929
Address
3017 SC-153 · PIEDMONT, SC · 29673
Phone
(864) 295-3180
Industry
Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-29
Pension benefit codes
2I · Stock bonus
2P · Leveraged ESOP
3D · Pre-approved plan (master / prototype / VS)
3I · Requires investment in employer securities
Audit & trust (Schedule H)
Auditor
DOEREN MAYHEW ASSURANCE
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
No Schedule C providers reportedInvestments
2 direct securities· $2.2M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Palmetto Engineering Unallocated employer common stock, 94,407.1756 shares | — | — | $28.3M | $2.1M | 94.4% | |
| Palmetto Engineering Allocated employer common stock, 5,592.8244 shares | — | — | $1.7M | $126K | 5.6% |
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