Plan Snapshot
- Plan Sponsor: Pure Power Technologies, INC
- Sponsor EIN: 811145202
- Sponsor Address: 1410 NORTHPOINT BLVD., BLYTHEWOOD, SC, 29016
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 255
- Total Assets: $16.4M
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. |
|---|---|---|---|---|
| 2023 | 255 | $16.4M | $470,814 | $1.4M |
| 2022 | 285 | $14.6M | $552,348 | $1.5M |
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 |
|---|---|---|---|---|
| THE VANGUARD GROUP, INC. | Other Service Provider | $55,853 | — | $55,853 |
| MESIROW FINANCIAL | Other Service Provider | $29,619 | — | $29,619 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,472
- Estimated Expense Ratio: 0.521% 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 |
|---|---|---|---|---|---|
| 2023 | $85,472 | $29,619 | $55,853 | — | — |
| 2022 | $85,638 | $29,354 | $56,284 | — | — |