Ppic 401(K) Safe Harbor Plan — Form 5500 plan (Patriot Power Investment Corporation)
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, Ppic 401(K) Safe Harbor Plan is a benefit plan reported by Patriot Power Investment Corporation under EIN 27-1061316 and plan number 002. The latest loaded filing year is 2023. The filing reports 143 participants and $8,927,621 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Patriot Power Investment Corporation
- EIN
- 27-1061316
- Plan number
- 002
- Plan type
- 2
- Location
- Artesia, NM
- Latest filing year
- 2023
- Participants
- 143
- End-of-year plan assets
- $8,927,621
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 143 | H, C | 20240916135332NAL0001547105001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,927,621
- Total liabilities (EOY)
- $56,672
- Net assets (EOY)
- $8,870,949
- Net assets (BOY)
- $7,812,919
Income & contributions
- Employer contributions
- $296,495
- Participant contributions
- $480,412
- Total contributions
- $776,907
- Total income / additions
- $1,893,890
Expenses & distributions
- Benefits paid
- $799,362
- Administrative expenses
- $36,498
- Total expenses
- $835,860
- Net increase / (decrease)
- $1,058,030
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nylife Securities LLC | BROKER/ADVISER | $0 | $16,221 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MANAGEMENT | $13,537 | not reported in the loaded dataset | 2023 |
| Empower Life & Annuity Insurance | RECORDKEEPER | $9,504 | $0 | 2023 |
| Blue Ridge Esop Assoociaties | CONTRACT ADMIN | $9,476 | not reported in the loaded dataset | 2023 |
| Leafhouse Financial Advisors, LLC | OTHER | $3,981 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Patriot Power Investment Corporation
- 2023 Form 5500 filing
- Form 5500 filings in NM
- 401(k) and benefit plan filings in Artesia, NM
- Nylife Securities LLC — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Empower Life & Annuity Insurance — Schedule C compensation
- Blue Ridge Esop Assoociaties — Schedule C compensation
- Leafhouse Financial Advisors, LLC — Schedule C compensation