Plan Snapshot
- Plan Sponsor: Powers & Sons Construction Co.
- Sponsor EIN: 351132323
- Sponsor Address: 2636 W. 15TH AVENUE, GARY, IN, 46404
- Plan Type: 401(k)
- Total Participants: 94
- Total Assets: $17.1M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 94 | $17.1M | $1.1M | $410,465 |
| 2023 | 79 | $15.0M | $491,336 | $329,246 |
| 2022 | 84 | $12.3M | $753,099 | $302,440 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $37,365 | — | $37,365 |
| FIFTH THIRD BANK | Investment Advisor | $21,479 | — | $21,479 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $6,833 | — | $6,833 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,677
- Estimated Expense Ratio: 0.384% 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 | $65,678 | $28,313 | — | — | — |
| 2023 | $37,315 | $19,586 | — | — | — |
| 2022 | $3,742 | $3,481 | $261 | — | — |