Power Partners, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Power Partners, Inc. 401(k) Plan Facts (plan year 2018)

Plan name
POWER PARTNERS, INC. HOURLY EMPLOYEES' RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
POWER PARTNERS, INC.
Participants
392 (282 active employees)
Former employees with a balance
53
Plan assets
$8,139,242 at Dec 31, 2018
Average account balance
$25,121 across 324 accounts
Employer contributions
$229,861 in plan year 2018 (29% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
May 15, 2003
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2018 (Jan 1, 2018 – Dec 31, 2018), filed Oct 8, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $798,737 went into the plan in contributions, $229,861 of it from the employer (29%).
  • $875,309 was paid out to participants.
  • Administrative expenses were $51,835, about $160 per account.

How the Power Partners, Inc. 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2013472$6.95 million$488,601$985,208
2014484$7.13 million$510,972$1.06 million
2015420$6.52 million$459,137$749,165
2016402$7.12 million$464,173$637,840
2017375$8.19 million$416,479$807,187
2018392$8.14 million$229,861$875,309

Power Partners, Inc. 401(k) Contact Information

Phone
706-548-3121
Mailing address
200 NEWTON BRIDGE RD., ATHENS GA 30607
Plan sponsor
POWER PARTNERS, INC.
Employer identification number (EIN)
06-1691004
Plan number
001

Questions about the Power Partners, Inc. 401(k)

Is the Power Partners, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Power Partners, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $229,861, 29% of all contributions.

Does the Power Partners, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Power Partners, Inc 401(k) plan?

392 participants at the start of plan year 2018, 282 of them active employees, and 53 former employees who still had money in the plan.

What is the average 401(k) balance at Power Partners, Inc?

About $25,121 per account: $8.14 million in plan assets across 324 accounts with a balance at the end of plan year 2018.

Who manages the Power Partners, Inc 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

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