Plan Snapshot
- Plan Sponsor: Patriot Power Investment Corporation
- Sponsor EIN: 271061316
- Sponsor Address: 409 COMMERCE ROAD, ARTESIA, NM, 882109432
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $9.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 110 | $9.5M | $347,369 | $518,271 |
| 2023 | 102 | $8.9M | $296,495 | $480,412 |
| 2022 | 103 | $7.8M | $277,841 | $481,438 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE | Recordkeeper | $34,567 | — | $34,567 |
| NYLIFE SECURITIES LLC | Investment Advisor | — | $18,081 | $18,081 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $14,717 | — | $14,717 |
| BLUE RIDGE ESOP ASSOOCIATIES | Other Service Provider | $10,660 | — | $10,660 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,025
- Estimated Expense Ratio: 0.820% 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 | $64,331 | $14,717 | $10,659 | — | — |
| 2023 | $36,498 | $13,537 | $9,476 | — | — |
| 2022 | $40,742 | — | — | — | $40,742 |