2023 Form 5500 filing — Power Design, Inc. Retirement 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 20241223143148NAL0004979667001) for Power Design, Inc. Retirement Plan, reported by Power Design, Inc. under EIN 65-0147539 and plan number 001. It reports 2,746 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241223143148NAL0004979667001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Power Design, Inc.
- EIN
- 65-0147539
- Plan number
- 001
- Location
- St. Petersburg, FL
- Participants
- 2,746
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $64,596,650
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $64,596,650
- Employer contributions
- $2,877,544
- Participant contributions
- $8,345,364
- Total income / additions
- $21,473,459
- Benefits paid
- $2,625,947
- Administrative expenses
- $214,272
- Total expenses
- $2,840,219
- Net increase / (decrease)
- $18,633,240
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $141,714 | $0 |
| Pnc Institutional Asset Management | ADVISOR | $57,173 | not reported in the loaded dataset |
| Newport Trust Company | TRUSTEE | $15,384 | $0 |