Plan Ledger DOL Form 5500 · updated monthly

Power Services Group, Inc.401(k)

POWER SERVICES GROUP 401(K) PLAN · CAPE CORAL, FL · plan year 2023

Reported admin expense ratio · 2023
0.45%

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

Power Services Group, Inc. reported $56,132 in plan administrative expenses for 2023: 0.45% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,419 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 has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other other services employers. By assets it is the 1,482nd-largest of 3,644 plans among Florida employers on file, and the 1,389th of 3,341 in other services. In 2023, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,297,539
Participants with balances143
Active participants222
Employer contributions$537,035
Employee contributions$1,175,330
Employer contribution per active participant$2,419
Average account balance$92,990
Benefits paid to participants$1,821,431
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$13.3M · 143 accts · $537K emplr
2022$11.6M · 145 accts · $461K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,800
Investment management$10,601
Total administrative$56,132
The Power Services Group, Inc. 401(k) match · 2023
Employer contribution per active participant$2,419
Median for plans this size$2,440
2023$2,419 per active participant
2022$2,006 per active participant

Power Services Group, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
JOHN HANCOCK USA · Recordkeeping · Investment management$2,942
CREATIVE PLANNING, INC. · Investment advisory (participants)$9,188
WILSHIRE ASSOCATES INC · Investment advisory (participants)$1,414

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

Administrative cost history2
2023$56,132 · 0.45%
2022$54,791 · 0.43%
Same employer
Similar plansOther Services · Florida
Pantropic Power Inc. FL$15.3M · 0.27%
The Intermed Group FL$14.6M · 0.54%
Jensen U.S.A. FL$14.4M · 0.01%
Bath & Tennis Club, Inc. FL$12.9M · 0.07%
Mastercorp, Inc. FL$12.5M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461292896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.