Plan Snapshot
- Plan Sponsor: Powersecure, INC.
- Sponsor EIN: 841557738
- Sponsor Address: 4068 STIRRUP CREEK DRIVE, DURHAM, NC, 27703
- Plan Type: 401(k)
- Total Participants: 848
- Total Assets: $69.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 848 | $69.6M | $2.1M | $5.6M |
| 2023 | 753 | $61.4M | $2.2M | $5.3M |
| 2022 | 847 | $54.0M | $1.7M | $5.1M |
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 |
|---|---|---|---|---|
| ASCENSUS LLC | Other Service Provider | $130,604 | — | $130,604 |
| ONE DIGITAL INVESTMENT ADVISORS | Other Service Provider | $48,506 | — | $48,506 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $179,110
- Estimated Expense Ratio: 0.257% 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 | $179,110 | $48,506 | $130,604 | — | — |
| 2023 | $139,980 | $32,929 | $107,051 | — | — |
| 2022 | $168,952 | $33,107 | $135,845 | — | — |