2023 Form 5500 filing — Power Engineers, Inc. Employee Benefit 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 20241007104825NAL0030634194004) for Power Engineers, Inc. Employee Benefit Plan, reported by Power Engineers, Inc Voluntary Employee Beneficiary Trust under EIN 90-0474836 and plan number 505. It reports 2,989 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007104825NAL0030634194004
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Power Engineers, Inc Voluntary Employee Beneficiary Trust
- EIN
- 90-0474836
- Plan number
- 505
- Location
- Meridian, ID
- Participants
- 2,989
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,907,800
- Total liabilities (EOY)
- $5,165,247
- Net assets (EOY)
- $742,553
- Employer contributions
- $45,215,923
- Participant contributions
- $16,383,649
- Total income / additions
- $62,069,066
- Benefits paid
- $58,162,907
- Administrative expenses
- $4,605,766
- Total expenses
- $62,768,673
- Net increase / (decrease)
- -$699,607
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Blue Cross Of Idaho | NONE | $4,112,850 | not reported in the loaded dataset |
| Delta Dental Of Idaho | NONE | $177,375 | not reported in the loaded dataset |
| Gallagher Benefit Services Inc | NONE | $103,692 | not reported in the loaded dataset |
| Navia Benefit Solutions | not reported in the loaded dataset | $75,712 | not reported in the loaded dataset |
| Bridge Health | NONE | $56,675 | not reported in the loaded dataset |
| Wells Fargo, N.A. | NONE | $5,000 | not reported in the loaded dataset |