Power Systems & Controls, Inc. Employee Stock Ownership And Savings Plan — Form 5500 plan (Power Systems & Controls, 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, Power Systems & Controls, Inc. Employee Stock Ownership And Savings Plan is a benefit plan reported by Power Systems & Controls, Inc. under EIN 54-0790452 and plan number 002. The latest loaded filing year is 2023. The filing reports 157 participants and $9,918,240 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$9.9MPlan net assets, end of year$9,915,962
Participants157Covered participants reported
Assets / participant$63.2KComputed: assets ÷ participants$63,174 (computed)
Provider compensation$23.8K2 Schedule C provider row(s)$23,794
- Plan sponsor
- Power Systems & Controls, Inc.
- EIN
- 54-0790452
- Plan number
- 002
- Plan type
- 2
- Location
- Henrico, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 157 | H, C | 20250807190117NAL0003724337001 |
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)$9.9M total assets
Net assets$9.9MLiabilities$2.3K
Full reported line items
Net assets
- Total assets (EOY)
- $9,918,240
- Total liabilities (EOY)
- $2,278
- Net assets (EOY)
- $9,915,962
- Net assets (BOY)
- $9,999,600
Income & contributions
- Employer contributions
- $95,759
- Participant contributions
- $217,716
- Total contributions
- $313,475
- Total income / additions
- $812,038
Expenses & distributions
- Benefits paid
- $868,857
- Administrative expenses
- $22,473
- Total expenses
- $895,676
- Net increase / (decrease)
- -$83,638
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.
31%69%
Employer 31%Participant 69%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income107%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners, LLC | INVESTMENT ADVISORY | $15,210 | $2 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $8,582 | $0 | 2023 |