Island Palm Communities 401(k) match, vesting and fees
What Island Palm Communities' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch Pierce Fenner & Smith | Schedule C ↗ |
| Independent auditor | N&K Cpas Inc. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,378 defined-contribution plans in real estate and rental and leasing with 100 to 499 participants.
| Island Palm Communities: employer contribution per participant | $1,608 | |
| Peer median | $1,680 |
| Island Palm Communities: average balance | $52,512 | |
| Peer median | $52,694 |
| Island Palm Communities: admin expenses ÷ assets | 0.24% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $21.5M at the end of plan year 2023 to $24.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 495 | $24.9M | $762K | $1,608 | 0.24% | Not published | Form 5500 ↗ |
| 2023 | 471 | $21.5M | $592K | $1,821 | 0.55% | Not published | Form 5500 ↗ |
Common questions
Does Island Palm Communities match 401(k) contributions?
The match terms for the Island Palm Communities, LLC Employees Savings Trust have not been published from its filing yet. The plan year 2024 filing reports $762K in employer contributions, about $1,608 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Island Palm Communities 401(k) match vested?
The vesting schedule for the Island Palm Communities, LLC Employees Savings Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Island Palm Communities 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch Pierce Fenner & Smith. The plan administrator is Island Palm Communities, LLC.
I left Island Palm Communities. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Island Palm Communities, LLC, (808) 275-3191) or the recordkeeper, Merrill Lynch Pierce Fenner & Smith. The Island Palm Communities old 401(k) page lists the contacts from every plan filing. Find an old Island Palm Communities 401(k)
Data from the public Form 5500 annual reports Island Palm Communities filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Island Palm Communities. Not financial advice. Report a correction · Methodology