Power Products Systems, LLC Profit Sharing & Savings Plan — Form 5500 plan (Power Products Systems, LLC)
Plain-English plan 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, Power Products Systems, LLC Profit Sharing & Savings Plan is a benefit plan reported by Power Products Systems, LLC under EIN 04-3340802 and plan number 001. The latest loaded filing year is 2023. The filing reports 243 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Power Products Systems, LLC
- EIN
- 04-3340802
- Plan number
- 001
- Plan type
- 2
- Location
- Wakefield, MA
- Latest filing year
- 2023
- Participants
- 243
- End-of-year plan assets
- $0
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 243 | H, C | 20241017141818NAL0055288592001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $10,990,006
Income & contributions
- Employer contributions
- $4,345
- Participant contributions
- $112,167
- Total contributions
- $116,512
- Total income / additions
- $1,056,550
Expenses & distributions
- Benefits paid
- $12,016,137
- Administrative expenses
- $30,419
- Total expenses
- $12,046,556
- Net increase / (decrease)
- -$10,990,006
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Patriot Benefit Solutions Insurance | CONSULTING | $16,109 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $9,150 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $3,358 | $0 | 2023 |
| Morningstar Inc Dba Morningstar Ass | OTHER | $1,802 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Power Products Systems, LLC
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Wakefield, MA
- Patriot Benefit Solutions Insurance — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation
- Morningstar Inc Dba Morningstar Ass — Schedule C compensation