Plan Snapshot
- Plan Sponsor: Power Products Systems, LLC
- Sponsor EIN: 043340802
- Sponsor Address: 90 BAY STATE RD., WAKEFIELD, MA, 01880
- Plan Type: DC
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2023 | 0 | $0 | $4,345 | $112,167 |
| 2022 | 110 | $11.0M | $170,000 | $439,884 |
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 |
|---|---|---|---|---|
| PATRIOT BENEFIT SOLUTIONS INSURANCE | CONSULTING | $22,855 | — | $22,855 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $11,472 | — | $11,472 |
| DOWNEY & COMPANY, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,327
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 |
|---|---|---|---|---|---|
| 2023 | $30,419 | $9,150 | — | — | — |
| 2022 | $36,621 | $13,766 | — | — | $22,855 |