Plan Ledger DOL Form 5500 · updated monthly

Powur Pbc401(k)

POWUR PBC 401(K) PLAN · CARLSBAD, CA · plan year 2024

Reported admin expense ratio · 2024
0.35%

Powur Pbc reported $9,259 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. 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 0.97% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other utilities employers. By assets it is among the smaller plans on file in California (7,820th of 9,483), and 387th of 412 in utilities. active participation has shrunk from 298 to 205 since 2022.

Plan summary
Net assets, end of year$3,052,957
Participants with balances207
Active participants205
Employer contributions—
Employee contributions$955,427
Employer contribution per active participant—
Average account balance$14,749
Benefits paid to participants$452,954
Plan auditUnmodified (clean) audit opinion
AuditorDDBMCKENNON
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 207 accts
2023$2.2M · 289 accts
2022$868K · 253 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,259
Total administrative$9,259
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$9,258

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$9,259 · 0.35%
2023$5,858 · 0.38%
2022$5,616 · 0.97%
Same employer
Similar plansUtilities · California
Mdm Services Corporation CA$1.8M · 0.76%
V3 Electric Inc. CA$1.8M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464453516 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.