Plan Snapshot
- Plan Sponsor: Powin Energy Operating LLC
- Sponsor EIN: 862256487
- Sponsor Address: 1414 NW NORTHRUP ST, PORTLAND, OR, 97209
- Plan Type: 401(k)
- Total Participants: 493
- Total Assets: $23.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 493 | $23.1M | $2.1M | $4.7M |
| 2023 | 392 | $14.5M | $1.5M | $3.6M |
| 2022 | 310 | $7.5M | $943,508 | $2.4M |
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 |
|---|---|---|---|---|
| ALDRICH WEALTH LIMITED PARTNERSHIP | INVESTMENT ADVISOR | $71,013 | — | $71,013 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $60,327 | — | $60,327 |
| RUDDCO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUDDCO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,340
- Estimated Expense Ratio: 0.568% 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 | $131,340 | $71,013 | — | — | — |
| 2023 | $78,388 | $46,715 | — | — | — |
| 2022 | $19,792 | $1,625 | $9,821 | — | — |