Power Products Systems, LLC Profit Sharing & Savings Plan — Form 5500 plan (Power Products Systems, LLC)
Plain-English plan 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, Power Products Systems, LLC Profit Sharing & Savings Plan is a benefit plan reported by Power Products Systems, LLC under EIN 04-3340802 and plan number 001. The latest loaded filing year is 2023. The filing reports 243 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$0Plan net assets, end of year
Participants243Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$30.4K4 Schedule C provider row(s)$30,419
- Plan sponsor
- Power Products Systems, LLC
- EIN
- 04-3340802
- Plan number
- 001
- Plan type
- 2
- Location
- Wakefield, MA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 243 | H, C | 20241017141818NAL0055288592001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Full reported line items
Net assets
- Total assets (EOY)
- $0
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $0
- Net assets (BOY)
- $10,990,006
Income & contributions
- Employer contributions
- $4,345
- Participant contributions
- $112,167
- Total contributions
- $116,512
- Total income / additions
- $1,056,550
Expenses & distributions
- Benefits paid
- $12,016,137
- Administrative expenses
- $30,419
- Total expenses
- $12,046,556
- Net increase / (decrease)
- -$10,990,006
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
96%
Employer 4%Participant 96%
Benefits paid ÷ total income1137%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Patriot Benefit Solutions Insurance | CONSULTING | $16,109 | not reported in the loaded dataset | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $9,150 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $3,358 | $0 | 2023 |
| Morningstar Inc Dba Morningstar Ass | OTHER | $1,802 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Power Products Systems, LLC
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Wakefield, MA
- Patriot Benefit Solutions Insurance — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation
- Morningstar Inc Dba Morningstar Ass — Schedule C compensation