Powers & Sons Construction Co. Profit Sharing & 401(K) Plan — Form 5500 plan (Powers & Sons Construction Co.)
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, Powers & Sons Construction Co. Profit Sharing & 401(K) Plan is a benefit plan reported by Powers & Sons Construction Co. under EIN 35-1132323 and plan number 003. The latest loaded filing year is 2023. The filing reports 117 participants and $15,034,543 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Powers & Sons Construction Co.
- EIN
- 35-1132323
- Plan number
- 003
- Plan type
- 2
- Location
- Gary, IN
- Latest filing year
- 2023
- Participants
- 117
- End-of-year plan assets
- $15,034,543
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 117 | H, C | 20241015095856NAL0027999985001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,034,543
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,034,543
- Net assets (BOY)
- $12,326,837
Income & contributions
- Employer contributions
- $491,336
- Participant contributions
- $329,246
- Total contributions
- $821,444
- Total income / additions
- $3,246,477
Expenses & distributions
- Benefits paid
- $501,456
- Administrative expenses
- $37,315
- Total expenses
- $538,771
- Net increase / (decrease)
- $2,707,706
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $17,729 | $0 | 2023 |
| Fifth Third Bank | INVESTMENT ADVISOR | $14,511 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $5,075 | not reported in the loaded dataset | 2023 |