2023 Form 5500 filing — Powell Electronics, Inc. 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240904075819NAL0019904785001) for Powell Electronics, Inc. 401(K) Profit Sharing Plan, reported by Powell Electronics, Inc. under EIN 23-1419651 and plan number 002. It reports 250 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240904075819NAL0019904785001
- Filing year
- 2023
- Form type
- 3
- Plan sponsor
- Powell Electronics, Inc.
- EIN
- 23-1419651
- Plan number
- 002
- Location
- Swedesboro, NJ
- Participants
- 250
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,002,917
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,002,917
- Employer contributions
- $633,597
- Participant contributions
- $1,218,476
- Total income / additions
- $5,775,456
- Benefits paid
- $1,773,688
- Administrative expenses
- $99,997
- Total expenses
- $1,892,275
- Net increase / (decrease)
- $3,883,181
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| John Hancock Life Insurance Co Usa | RECORDKEEPER | $634 | not reported in the loaded dataset |