# Power Grid Components, INC. 401(k) Plan
Source: https://planprovider.pro/companies/power-grid-components-inc-401k-plan

> Power Grid Components, INC.'s 401(k) plan: 317 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Power Grid Components, INC.

- **Sponsor EIN:** 823285608

- **Sponsor Address:** 5551 PARKWEST DRIVE, BESSEMER, AL, 35022

- **Plan Type:** 401(k)

- **Total Participants:** 317

- **Total Assets:** $8.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|317|$8.2M|$519,544|$1.3M|

| 2023|194|$6.6M|$418,023|$1.0M|

| 2022|203|$4.8M|$345,424|$845,742|

## 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|

| BMSS, LLC.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BMSS, LLC.](https://planprovider.pro/provider/bmss-llc) — Auditor

## 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|$85,240|$36,049|$49,191|—|—|

| 2023|$56,439|$26,941|$29,498|—|—|

| 2022|$31,513|$22,963|$8,550|—|—|

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