Plan Snapshot
- Plan Sponsor: National Power, LLC
- Sponsor EIN: 561490530
- Sponsor Address: 4541 PRESLYN DRIVE, RALEIGH, NC, 27616
- Plan Type: 401(k)
- Total Participants: 229
- Total Assets: $8.0M
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 | 229 | $8.0M | $647,882 | $1.5M |
| 2023 | 239 | $6.5M | $0 | $1.0M |
| 2022 | 220 | $4.6M | $0 | $619,522 |
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 |
|---|---|---|---|---|
| JANNEY MONTGOMERY SCOTT LLC | Investment Advisor | $25,849 | — | $25,849 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $12,274 | — | $12,274 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,123
- Estimated Expense Ratio: 0.474% of plan assets
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 | $39,555 | $25,849 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $14,458 | — | $14,458 | — | — |