2023 Form 5500 filing — Power Systems & Controls, Inc. Employee Stock Ownership And Savings 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 20250807190117NAL0003724337001) for Power Systems & Controls, Inc. Employee Stock Ownership And Savings Plan, reported by Power Systems & Controls, Inc. under EIN 54-0790452 and plan number 002. It reports 157 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250807190117NAL0003724337001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Power Systems & Controls, Inc.
- EIN
- 54-0790452
- Plan number
- 002
- Location
- Henrico, VA
- Participants
- 157
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,918,240
- Total liabilities (EOY)
- $2,278
- Net assets (EOY)
- $9,915,962
- Employer contributions
- $95,759
- Participant contributions
- $217,716
- Total income / additions
- $812,038
- Benefits paid
- $868,857
- Administrative expenses
- $22,473
- Total expenses
- $895,676
- Net increase / (decrease)
- -$83,638
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Global Retirement Partners, LLC | INVESTMENT ADVISORY | $15,210 | $2 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $8,582 | $0 |