# Power Design, INC. 401(k) Plan
Source: https://planprovider.pro/companies/power-design-inc-401k-plan

> Power Design, INC.'s 401(k) plan: 1,489 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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