Plan Ledger DOL Form 5500 · updated monthly

Power Systems & Controls, Inc.401(k) + ESOP (KSOP)

POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN · HENRICO, VA · plan year 2022

Reported admin expense ratio · 2022
0.23%

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

Power Systems & Controls, Inc. reported $23,883 in plan administrative expenses for 2022: 0.23% of average plan assets, below the peer median. Employer contributions averaged $930 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 0.226%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Virginia (1,463rd of 2,266), and 8,772nd of 13,661 in manufacturing. In 2022, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,999,600
Participants with balances145
Active participants82
Employer contributions$76,244
Employee contributions$196,933
Employer contribution per active participant$930
Average account balance$68,963
Benefits paid to participants$307,276
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$9.9M · 144 accts · $96K emplr
2022$10.0M · 145 accts · $76K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,180
Investment management$14,703
Total administrative$23,883
The Power Systems & Controls, Inc. 401(k) match · 2022
Employer contribution per active participant$930
Median for plans this size$2,266
2023$1,197 per active participant
2022$930 per active participant

Power Systems & Controls, Inc.'s 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$22,473 · 0.23%
2022$23,883 · 0.23%
Similar plansManufacturing · Virginia
Stamptech Inc. VA$10.5M · 0.56%
Z & M Sheet Metal, Inc. VA$10.2M · 0.35%
McKinnon and Harris, Inc. VA$10.1M · 0.48%
Artisan Packaging, LLC VA$10.0M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540790452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.