Provident Electric 401(K) Plan — Form 5500 plan (Provident Electric, 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, Provident Electric 401(K) Plan is a benefit plan reported by Provident Electric, Inc. under EIN 91-1463668 and plan number 001. The latest loaded filing year is 2023. The filing reports 352 participants and $5,536,545 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Provident Electric, Inc.
EIN
91-1463668
Plan number
001
Plan type
2
Location
Black Diamond, WA
Latest filing year
2023
Participants
352
End-of-year plan assets
$5,536,545

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023352H, C20240920125224NAL0007488209001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$5,536,545
Total liabilities (EOY)
$0
Net assets (EOY)
$5,536,545
Net assets (BOY)
$3,073,578

Income & contributions

Employer contributions
$884,266
Participant contributions
$1,218,979
Total contributions
$2,103,245
Total income / additions
$2,746,191

Expenses & distributions

Benefits paid
$243,106
Administrative expenses
$40,118
Total expenses
$283,224
Net increase / (decrease)
$2,462,967

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Wespac Advisors, LLCNONE$27,548not reported in the loaded dataset2023
Wespac Plan Services, LLCNONE$12,570$02023

Related Form 5500 pages