Power Engineers, Inc. 401(k) Review & Grade
Power Profit Sharing 401(k) Plan
Meridian, IDProfessional, Scientific & Technical Services3,685 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,657Employer $ per active participant
$9,914Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$591.6MNet plan assets, end of year
$133,960Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 52th |
| Employee saving | 54th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Power Engineers put in about $4,657 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $17,161,491 |
| Participant (employee) contributions | $36,531,338 |
| Other contributions (incl. rollovers in) | $9,793,842 |
| Administrative expenses paid from the plan | $638,862 |
| Contract administrator fees | $4,745 |
| Investment advisory & management fees | $18,467 |
| Other admin expenses | $403,738 |
| Benefits paid out | $55,579,355 |
| Net assets, start / end of year | $513.5M / $591.6M |
| Active participants, start / end of year | 3,637 / 3,733 |
| Participants with account balances | 4,416 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $231,422 reported compensation |
| Rocaton Investment Advisors LLC | $79,236 reported compensation |
| Advised Assets Group, LLC | $14,632 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729120753NAL0003234689001, received 2025-07-29, EIN 82-0441340, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.