# High Power Technical Services, INC. 401(k) Plan
Source: https://planprovider.pro/companies/high-power-technical-services-inc-401k-plan

> High Power Technical Services, INC.'s 401(k) plan: 106 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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