Plan Snapshot
- Plan Sponsor: Powers Of Arkansas, INC.
- Sponsor EIN: 710606308
- Sponsor Address: 5440 NORTHSHORE DRIVE, NORTH LITTLE ROCK, AR, 72118
- Plan Type: 401(k)
- Total Participants: 303
- Total Assets: $15.3M
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 | 303 | $15.3M | $925,786 | $1.6M |
| 2023 | 203 | $8.9M | $591,133 | $976,728 |
| 2022 | 178 | $7.0M | $461,304 | $754,659 |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE AND ANNUI | SERVICE PROVIDER | $30,655 | $24 | $30,679 |
| ERP RETIREMENT SERVICES | THIRD PARTY ADMINISTRATOR | $5,925 | — | $5,925 |
| HOGANTAYLOR LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- HOGANTAYLOR LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $36,604
- Estimated Expense Ratio: 0.239% 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 | $36,580 | — | $35,430 | — | — |
| 2023 | $50,425 | $23,675 | $19,617 | — | — |
| 2022 | $36,621 | $17,133 | $16,295 | — | $3,193 |