Southern Power Systems, Inc. 401(K) Plan — Form 5500 plan (Southern Power Systems, 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, Southern Power Systems, Inc. 401(K) Plan is a benefit plan reported by Southern Power Systems, Inc under EIN 72-1273495 and plan number 001. The latest loaded filing year is 2023. The filing reports 128 participants and $8,942,800 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.9MPlan net assets, end of year$8,942,800
Participants128Covered participants reported
Assets / participant$69.9KComputed: assets ÷ participants$69,866 (computed)
Provider compensation$7.1K2 Schedule C provider row(s)$7,110
- Plan sponsor
- Southern Power Systems, Inc
- EIN
- 72-1273495
- Plan number
- 001
- Plan type
- 2
- Location
- Baton Rouge, LA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 128 | H, C | 20250110145203NAL0028885010001 |
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)$8.9M total assets
Net assets$8.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,942,800
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,942,800
- Net assets (BOY)
- $6,759,987
Income & contributions
- Employer contributions
- $538,653
- Participant contributions
- $766,203
- Total contributions
- $1,501,364
- Total income / additions
- $2,767,394
Expenses & distributions
- Benefits paid
- $500,288
- Administrative expenses
- $44,119
- Total expenses
- $584,581
- Net increase / (decrease)
- $2,182,813
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.
41%59%
Employer 41%Participant 59%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income18%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wilshire Associates Inc(Usa) | INVESTMENT ADVISOR | $3,739 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $3,371 | not reported in the loaded dataset | 2023 |