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 Auto Inc. 401(K) Plan is a benefit plan reported by Power Auto, Inc. under EIN 93-0795970 and plan number 002. The latest loaded filing year is 2023. The filing reports 334 participants and $6,493,834 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,493,834
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $6,493,834
- Net assets (BOY)
- $5,015,695
Income & contributions
- Employer contributions
- $216,640
- Participant contributions
- $815,199
- Total contributions
- $1,031,839
- Total income / additions
- $1,929,565
Expenses & distributions
- Benefits paid
- $392,508
- Administrative expenses
- $58,918
- Total expenses
- $451,426
- Net increase / (decrease)
- $1,478,139