Retirement plan

POWER PROFIT SHARING 401(K) PLAN

Name: POWER ENGINEERS, INC. - POWER PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: POWER ENGINEERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, POWER PROFIT SHARING 401(K) PLAN, POWER ENGINEERS, INC.

POWER ENGINEERS, INC.EIN 82-0441340Plan #001PY 2022

3940 GLENBROOK DRIVE PO BOX 1066 - HAILEY, ID 833330000208-288-6394powereng.comLinkedIn1001-5000 employeesinformation technology and services

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$418.7M

-11.8% from 2021

Total participants

3,785

+11.4% from 2021

Average account balance

$110,630

-20.8% from 2021

Annual return

-14.40%

-31.31 pp from 2021

Benchmarks

See 900 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort900 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$591.57M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

4,416

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Service code 13 · EIN 06-1050034	Contract Administrator	$283,767
ROCATON INVESTMENT ADVISORS, LLC2 years Service code 27 · EIN 04-3638035	Advisory (Plan)	$95,417
EIDE BAILLY LLP8+ years Service code 10 · EIN 45-0250958	Accounting	$22,800
GALLAGHER FIDUCIARY ADVISORS, LLC4 years Filed as: IRENE GALLAGHER Service code 29 · EIN 82-2288790	Legal	$5,740
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2T2G2J2K2F2S3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$414K

$131 / participant

Investment mgmt$95K23.1%
Contract admin$284K68.6%
Other / not subdivided$34K8.3%

% of EOY assets

0.099%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,630

$95,388+16.0%

$125,339-11.7%

$77,904+42.0%

Participation rate

100.0%

78.6%+21.4pp

82.4%+17.6pp

73.7%+26.3pp

Annual return

-14.40%

116.19%-130.6pp

572.05%-586.5pp

12.21%-26.6pp

Employer contribution / active EE

$4,232

$3,666+15.4%

$4,814-12.1%

$2,848+48.6%

Participant deferral / active EE

$8,554

$7,711+10.9%

$7,446+14.9%

$4,806+78.0%

Admin fee / account holder

$109

$119-8.1%

$10,010-98.9%

$133-17.6%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$283,767

ROCATON INVESTMENT ADVISORS, LLC2 years

Service code 27 · EIN 04-3638035

Advisory (Plan)

$95,417

EIDE BAILLY LLP8+ years

Service code 10 · EIN 45-0250958

Accounting

$22,800

GALLAGHER FIDUCIARY ADVISORS, LLC4 years

Filed as: IRENE GALLAGHER

Service code 29 · EIN 82-2288790

Legal

$5,740

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

POWER PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

POWER PROFIT SHARING 401(K) 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