Plan Ledger DOL Form 5500 · updated monthly

Power Component Systems, Inc.401(k)

POWER COMPONENT SYSTEMS, INC. EMPLOYEE 401(K)/PROFIT SHARING PLAN · HANOVER, MD · plan year 2024

Reported admin expense ratio · 2024
0.61%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Power Component Systems, Inc. reported $86,668 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,564 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.72% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 795th-largest of 1,671 plans among Maryland employers on file, and the 2,462nd of 5,337 in construction. In 2024, the employer put in $1.39 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$15,082,652
Participants with balances314
Active participants268
Employer contributions$955,077
Employee contributions$687,447
Employer contribution per active participant$3,564
Average account balance$48,034
Benefits paid to participants$1,320,814
Plan auditUnmodified (clean) audit opinion
AuditorREGAN, SCHICKNER,& HARPER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.1M · 314 accts · $955K emplr
2023$13.1M · 319 accts · $973K emplr
2022$10.9M · 287 accts · $782K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,668
Total administrative$86,668
The Power Component Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$3,564
Median for plans this size$2,416
2024$3,564 per active participant
2023$3,031 per active participant
2022$2,744 per active participant

Power Component Systems, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
JOHN HANCOCK RETIREMENT PLAN SERV · Recordkeeping$32,599
WELLTH ADVISORY SERVICES, LLC · Securities brokerage$17,450
GLOBAL RETIREMENT$15,401
COASTAL PENSION SERVICES · Contract administrator$6,570

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,668 · 0.61%
2023$78,690 · 0.65%
2022$85,483 · 0.72%
Same employer
Similar plansConstruction · Maryland
L.R. Willson & Sons, Inc. MD$15.7M · 0.46%
Hamel Builders, Inc. MD$15.5M · 0.13%
Window Nation LLC MD$15.5M · 0.99%
Chesapeake Systems, LLC MD$14.2M · 0.43%
Igp Management Corporation MD$13.8M · 0.29%
Dxi Construction, Inc. MD$13.8M · 0.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521197676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.