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, Powell Electronics, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Powell Electronics, Inc. under EIN 23-1419651 and plan number 002. The latest loaded filing year is 2023. The filing reports 250 participants and $28,002,917 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $28,002,917
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,002,917
- Net assets (BOY)
- $24,119,736
Income & contributions
- Employer contributions
- $633,597
- Participant contributions
- $1,218,476
- Total contributions
- $1,946,320
- Total income / additions
- $5,775,456
Expenses & distributions
- Benefits paid
- $1,773,688
- Administrative expenses
- $99,997
- Total expenses
- $1,892,275
- Net increase / (decrease)
- $3,883,181