Retirement plan

POWER SYSTEMS SPECIALISTS, INC 401K PROFIT SHARING PLAN & TRUST

Name: POWER SYSTEMS SPECIALISTS, INC. - POWER SYSTEMS SPECIALISTS, INC 401K PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: POWER SYSTEMS SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWER SYSTEMS SPECIALISTS, INC 401K PROFIT SHARING PLAN & TRUST, POWER SYSTEMS SPECIALISTS, INC.

POWER SYSTEMS SPECIALISTS, INC.EIN 06-1478710Plan #001PY 2024

PO BOX 1216, 103 ROUTE 6 - MILFORD, PA 183371112570-296-4573p-s-s.comLinkedIn1-10 employeesfacilities services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$953K

-13.7% from 2023

Total participants

0.0% from 2023

Average account balance

$105,904

-4.1% from 2023

Annual return

12.24%

-2.36 pp from 2023

Benchmarks

See 1,939 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,939 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$953K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$106K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.24%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$39460

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J2E2F2G2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$355K

$50734 / participant

Other / not subdivided$355K100.0%

% of EOY assets

37.260%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,904

$97,078+9.1%

$103,065+2.8%

$145,897-27.4%

Participation rate

85.7%

81.1%+4.6pp

80.6%+5.2pp

80.3%+5.4pp

Annual return

12.24%

25.49%-13.2pp

23.95%-11.7pp

552.29%-540.1pp

Employer contribution / active EE

$2,710

$4,680-42.1%

$4,675-42.0%

$4,663-41.9%

Participant deferral / active EE

$3,967

$6,601-39.9%

$6,625-40.1%

$6,689-40.7%

Admin fee / account holder

$39,460

$12,505+215.6%

$9,349+322.1%

$13,390+194.7%

POWER SYSTEMS SPECIALISTS, INC 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWER SYSTEMS SPECIALISTS, INC 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion