2023 Form 5500 filing — Powell Industries, Inc. Employees Incentive Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240711141403NAL0010491331001) for Powell Industries, Inc. Employees Incentive Savings Plan, reported by Powell Industries, Inc. under EIN 88-0106100 and plan number 001. It reports 2,098 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240711141403NAL0010491331001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Powell Industries, Inc.
- EIN
- 88-0106100
- Plan number
- 001
- Location
- Houston, TX
- Participants
- 2,098
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $227,890,566
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $227,890,566
- Employer contributions
- $3,402,403
- Participant contributions
- $10,577,540
- Total income / additions
- $50,133,819
- Benefits paid
- $21,806,157
- Administrative expenses
- $43,901
- Total expenses
- $21,862,531
- Net increase / (decrease)
- $28,271,288
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Morgan Stanley Smith Barney LLC | INVESTMENT ADVISOR | $62,500 | not reported in the loaded dataset |
| Weinstein Spira | ACCOUNTANT/AUDITOR | $20,500 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | -$40,584 | $0 |