Plan Snapshot
- Plan Sponsor: Power Component Systems, INC.
- Sponsor EIN: 521197676
- Sponsor Address: 7526 CONNELLY DRIVE, HANOVER, MD, 21076
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $15.1M
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 | 268 | $15.1M | $955,077 | $687,447 |
| 2023 | 321 | $13.1M | $972,986 | $587,650 |
| 2022 | 285 | $10.9M | $782,044 | $506,442 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SERV | RECORDKEEPER | $32,599 | — | $32,599 |
| WELLTH ADVISORY SERVICES, LLC | BROKER DEALER | $17,450 | — | $17,450 |
| GLOBAL RETIREMENT | SERVICE PROVIDER | $15,401 | — | $15,401 |
| COASTAL PENSION SERVICES | TPA | $6,570 | — | $6,570 |
| REGAN, SCHICKNER,& HARPER LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SERV — RECORDKEEPER
- GLOBAL RETIREMENT — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,020
- Estimated Expense Ratio: 0.478% 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 | $86,668 | — | — | — | — |
| 2023 | $78,690 | — | $78,690 | — | — |
| 2022 | $85,483 | — | $85,467 | — | — |