Plan Snapshot
- Plan Sponsor: Powell Electronics, INC.
- Sponsor EIN: 231419651
- Sponsor Address: 200 COMMODORE DRIVE, SWEDESBORO, NJ, 08085
- Plan Type: 401(k)
- Total Participants: 230
- Total Assets: $32.2M
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 | 230 | $32.2M | $763,629 | $1.3M |
| 2023 | 235 | $28.0M | $633,597 | $1.2M |
| 2022 | 229 | $24.1M | $854,457 | $1.1M |
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 |
|---|---|---|---|---|
| KELLY WELDE & CO., CPA'S | Auditor | — | — | $0 |
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 | $108,606 | — | $102,646 | — | — |
| 2023 | $99,997 | — | $85,815 | — | — |
| 2022 | $74,116 | — | $67,856 | — | $6,260 |