Retirement plan

POWER SPECIALTIES, INC. RETIREMENT PLAN

Name: POWER SPECIALTIES, INC. - POWER SPECIALTIES, INC. RETIREMENT PLAN (2020) Form 5500
Creator: POWER SPECIALTIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWER SPECIALTIES, INC. RETIREMENT PLAN, POWER SPECIALTIES, INC.

POWER SPECIALTIES, INC.EIN 72-1101771Plan #001PY 2020

325 CHENNAULT ST - MORGAN CITY, LA 703802412504-384-8580

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+16.5% from 2019

Total participants

-3.7% from 2019

Average account balance

$79,876

+21.2% from 2019

Annual return

11.87%

-6.33 pp from 2019

Benchmarks

See 1,752 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants<25

Cohort1,752 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.29M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1009

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$15K

$891 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.758%

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

$79,876

$180,028-55.6%

$138,135-42.2%

$158,966-49.8%

Participation rate

94.1%

82.2%+11.9pp

78.7%+15.4pp

82.0%+12.2pp

Annual return

11.87%

21.68%-9.8pp

20.51%-8.6pp

302.95%-291.1pp

Employer contribution / active EE

$2,393

$7,470-68.0%

$5,587-57.2%

$4,762-49.7%

Participant deferral / active EE

$2,532

$7,717-67.2%

$6,431-60.6%

$5,983-57.7%

Admin fee / account holder

$606

$17,912-96.6%

$11,856-94.9%

$11,250-94.6%

POWER SPECIALTIES, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWER SPECIALTIES, INC. RETIREMENT PLAN

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