Plan Snapshot
- Plan Sponsor: Power System Engineering, INC.
- Sponsor EIN: 391204386
- Sponsor Address: 2424 RIMROCK ROAD, MADISON, WI, 53713
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 145
- Total Assets: $21.5M
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. |
|---|---|---|---|---|
| 2025 | 145 | $21.5M | $0 | $0 |
| 2024 | 115 | $17.9M | $1.0M | $449,554 |
| 2023 | 106 | $15.7M | $306,620 | $942,988 |
| 2022 | 95 | $12.6M | $265,120 | $748,671 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $48,533 | — | $48,533 |
| EMPOWER ANNUITY INSURANCE CO OF AME | Recordkeeper | $15,841 | — | $15,841 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $14,418 | — | $14,418 |
| PEAK RETIREMENT GROUP | Other Service Provider | $10,200 | — | $10,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,992
- Estimated Expense Ratio: 0.414% 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 |
|---|---|---|---|---|---|
| 2025 | $1,929,071 | — | — | — | — |
| 2024 | $71,189 | — | — | — | — |
| 2023 | $329,764 | — | — | — | — |
| 2022 | $1,762,169 | — | — | — | — |