Powercon Corporation 401(k) Plan: Login, Facts & Contact Information

Powercon Corporation 401(k) Plan Facts

Plan name
POWERCON CORPORATION 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
POWERCON CORPORATION
Participants
436 (341 active employees)
Former employees with a balance
63
Plan assets
$44,928,280 at Dec 31, 2024
Average account balance
$120,129 across 374 accounts
Employer contributions
$424,341 in plan year 2024 (16% of all contributions)
Recordkeeper
Morgan Stanley Smith Barney
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1993
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.65 million went into the plan in contributions, $424,341 of it from the employer (16%).
  • $4.02 million was paid out to participants.
  • Investment and other income added $7.08 million.
  • Administrative expenses were $97,022, about $259 per account.

How the Powercon Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019453$34.8 million$356,043$4.25 million
2020433$41.5 million$378,635$3.82 million
2021435$43.0 million$385,172$4.72 million
2022431$33.5 million$398,505$2.59 million
2023421$39.3 million$409,883$3.59 million
2024436$44.9 million$424,341$4.02 million

Powercon Corporation 401(k) Contact Information

Phone
410-519-2210
Mailing address
1551 FLORIDA AVENUE P.O. BOX 477, SEVERN MD 21144
Plan sponsor
POWERCON CORPORATION
Employer identification number (EIN)
52-0709642
Plan number
001

Questions about the Powercon Corporation 401(k)

Does Powercon Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $424,341, 16% of all contributions.

Does the Powercon Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Powercon Corporation 401(k) plan?

436 participants at the start of plan year 2024, 341 of them active employees, and 63 former employees who still had money in the plan.

What is the average 401(k) balance at Powercon Corporation?

About $120,129 per account: $44.9 million in plan assets across 374 accounts with a balance at the end of plan year 2024.

Who manages the Powercon Corporation 401(k) accounts?

MORGAN STANLEY SMITH BARNEY is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Powercon Corporation. How do I access my 401(k)?

Your account stays with MORGAN STANLEY SMITH BARNEY after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

Related Companies
Headquarter: PO BOX 3989, PORTLAND, OR, 97208
Headquarter: 8750 W. BRYN MAWR AVENUE SUITE 500, CHICAGO, IL, 606313546
Headquarter: 5775 MOREHOUSE DRIVE, SAN DIEGO, CA, 92121
Headquarter: 300 RENAISSANCE CENTER TOWER 300, FLR 33 -BENEFITS ACCTING, DETROIT, MI, 48265
Headquarter: 30 ROCKEFELLER PLAZA, NEW YORK, NY, 10112