2023 Form 5500 filing — Ppic 401(K) Safe Harbor 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 20240916135332NAL0001547105001) for Ppic 401(K) Safe Harbor Plan, reported by Patriot Power Investment Corporation under EIN 27-1061316 and plan number 002. It reports 143 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240916135332NAL0001547105001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Patriot Power Investment Corporation
- EIN
- 27-1061316
- Plan number
- 002
- Location
- Artesia, NM
- Participants
- 143
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $8,927,621
- Total liabilities (EOY)
- $56,672
- Net assets (EOY)
- $8,870,949
- Employer contributions
- $296,495
- Participant contributions
- $480,412
- Total income / additions
- $1,893,890
- Benefits paid
- $799,362
- Administrative expenses
- $36,498
- Total expenses
- $835,860
- Net increase / (decrease)
- $1,058,030
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nylife Securities LLC | BROKER/ADVISER | $0 | $16,221 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $13,537 | not reported in the loaded dataset |
| Empower Life & Annuity Insurance | RECORDKEEPER | $9,504 | $0 |
| Blue Ridge Esop Assoociaties | CONTRACT ADMIN | $9,476 | not reported in the loaded dataset |
| Leafhouse Financial Advisors, LLC | OTHER | $3,981 | not reported in the loaded dataset |