Who sponsors the Powell Electronics, Inc. 401(K) Profit Sharing Plan?

Powell Electronics, Inc. 401(K) Profit Sharing Plan is reported as sponsored by Powell Electronics, Inc. (EIN 23-1419651, plan number 002) in public Form 5500 filings.

What is the most recent Form 5500 filing year for Powell Electronics, Inc. 401(K) Profit Sharing Plan?

The latest Form 5500 filing year loaded for Powell Electronics, Inc. 401(K) Profit Sharing Plan is 2023.

How many participants does Powell Electronics, Inc. 401(K) Profit Sharing Plan report?

Powell Electronics, Inc. 401(K) Profit Sharing Plan reports 250 participants in its latest loaded Form 5500 filing.

What are the reported plan assets for Powell Electronics, Inc. 401(K) Profit Sharing Plan?

Powell Electronics, Inc. 401(K) Profit Sharing Plan reports $28,002,917 in end-of-year plan assets in its latest loaded Form 5500 filing.

Powell Electronics, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Powell Electronics, Inc.)

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, Powell Electronics, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Powell Electronics, Inc. under EIN 23-1419651 and plan number 002. The latest loaded filing year is 2023. The filing reports 250 participants and $28,002,917 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$28MPlan net assets, end of year$28,002,917

Participants250Covered participants reported

Assets / participant$112KComputed: assets ÷ participants$112,012 (computed)

Provider compensation$6341 Schedule C provider row(s)

Plan sponsor: Powell Electronics, Inc.
EIN: 23-1419651
Plan number: 002
Plan type: 3
Location: Swedesboro, NJ
Latest filing year: 2023

Form 5500 filing history

Filings loaded for this plan
Filing year	Participants	Schedules	Filing
2023	250	H, C	20240904075819NAL0019904785001

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.

Reported balance (end of year)$28M total assets

Net assets$28MLiabilities$0

Money in vs. money out

Total income / additions$5.8M

Total expenses$1.9M

Benefits paid / distributions$1.8M

Contributions

Employer$633.6K

Participant$1.2M

Full reported line items

Net assets

Total assets (EOY): $28,002,917
Total liabilities (EOY): $0
Net assets (EOY): $28,002,917
Net assets (BOY): $24,119,736

Income & contributions

Employer contributions: $633,597
Participant contributions: $1,218,476
Total contributions: $1,946,320
Total income / additions: $5,775,456

Expenses & distributions

Benefits paid: $1,773,688
Administrative expenses: $99,997
Total expenses: $1,892,275
Net increase / (decrease): $3,883,181

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.

Contribution share (employer vs. participant)

34%66%

Employer 34%Participant 66%

Total expenses ÷ net assets7%Computed ratio

Benefits paid ÷ total income31%Computed ratio

Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
Provider	Service	Direct comp.	Indirect comp.	Year
John Hancock Life Insurance Co Usa	RECORDKEEPER	$634	not reported in the loaded dataset	2023