Plan Snapshot
- Plan Sponsor: High Power Technical Services, INC.
- Sponsor EIN: 611340009
- Sponsor Address: 2230 AMPERE DRIVE, LOUISVILLE, KY, 40299
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $6.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 106 | $6.7M | $127,531 | $360,286 |
| 2023 | 124 | $5.9M | $125,800 | $341,481 |
| 2022 | 133 | $5.1M | $131,170 | $348,292 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| LBMC PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LBMC PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $61,090 | $1,230 | $59,860 | — | — |
| 2023 | $53,142 | $1,029 | $6,100 | — | — |
| 2022 | $49,576 | — | — | — | — |