Plan Snapshot
- Plan Sponsor: Power Design, INC.
- Sponsor EIN: 650147539
- Sponsor Address: 11600 NINTH STREET NORTH, ST PETERSBURG, FL, 33716
- Plan Type: 401(k)
- Total Participants: 1,489
- Total Assets: $79.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 1,489 | $79.4M | $2.2M | $9.5M |
| 2023 | 2,702 | $64.6M | $2.9M | $8.3M |
| 2022 | 2,577 | $46.0M | $2.5M | $7.4M |
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 |
|---|---|---|---|---|
| NEWPORT GROUP, INC | RECORD KEEPER | $198,873 | — | $198,873 |
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $7,083 | — | $7,083 |
| CHERRY BEKAERT | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $205,956
- Estimated Expense Ratio: 0.259% 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 | $205,966 | $7,083 | $198,873 | — | — |
| 2023 | $214,272 | $60,475 | $114,506 | — | — |
| 2022 | $154,607 | — | $145,175 | — | $9,432 |