Power Products Systems, Llc 401(k) Plan (terminated 2023): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2023. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Power Products Systems, Llc 401(k) Plan Facts (plan year 2023)

Plan name
POWER PRODUCTS SYSTEMS, LLC PROFIT SHARING & SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
POWER PRODUCTS SYSTEMS, LLC
Participants
243
Former employees with a balance
0
Employer contributions
$4,345 in plan year 2023 (4% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Aug 1, 1968
— 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 17, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $116,512 went into the plan in contributions, $4,345 of it from the employer (4%).
  • $12.0 million was paid out to participants.
  • Investment and other income added $940,038.

How the Power Products Systems, Llc 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018209$8.70 million$165,000$115,388
2019215$9.97 million$180,000$985,235
2020217$11.5 million$160,000$300,080
2021226$13.1 million$160,000$399,620
2022232$11.0 million$170,000$557,279
2023 (final)243$0$4,345$12.0 million

Power Products Systems, Llc 401(k) Contact Information

Phone
781-246-1811
Mailing address
90 BAY STATE RD, WAKEFIELD MA 01880
Plan sponsor
POWER PRODUCTS SYSTEMS, LLC
Employer identification number (EIN)
04-3340802
Plan number
001

Questions about the Power Products Systems, Llc 401(k)

Is the Power Products Systems, Llc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2023.

Does Power Products Systems, Llc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $4,345 in employer contributions for plan year 2023.

Does the Power Products Systems, Llc 401(k) have automatic enrollment?

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

How many people are in the Power Products Systems, Llc 401(k) plan?

243 participants at the start of plan year 2023.

Who manages the Power Products Systems, Llc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

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