401(k) · DOL Form 5500 · 2022

Power Drives, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
108
Participants Small participant base
56th
Percentile by assets National rank
$61,267
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Power Drives, Inc. 401(k) Savings Plan · Sponsored by Power Drives, Inc. · New York · Wholesale Trade

$7M in assets, 108 participants

Power Drives, Inc.'s Power Drives, Inc. 401(k) Savings Plan reported $7M in total assets and 108 participants in its 2022 DOL Form 5500 filing, ranking in the 56th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,116 in Wholesale Trade (6,843 peers)

Coverage in New York

Power Drives, Inc. 401(k) Savings Plan covers 108 participants in New York, about 14% of the average New York filer (state average ~798 per filing). Assets: $7M.

#3,116
in Wholesale Trade (6,843 peers)
-20.9%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Power Drives, Inc. 401(k) Savings Plan's mid-pack asset rank among Wholesale Trade and all filers

Power Drives, Inc. 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$6,616,883 Top 44% higher than 56% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Power Drives, Inc. 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Power Drives, Inc. 401(k) Savings Plan sits mid-pack in the medium band (108 participants).

Published 5500 schedule card

Filing strip 160709428 · Power Drives, Inc. PY 2022 · 401(k)

Power Drives, Inc. 401(k) Savings Plan · $7M · 108 · 56th

  • RANK $7M
  • PHOTO 108
  • IND 56th
  • EOY 401(k)
  • 5500 near Bakery Express Mid-Atlantic, Inc 401(k) Plan
  • ASSETS ind #3116

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Wholesale Trade retirement plans → · Plans in New York →

Power Drives, Inc. 401(k) Savings Plan in the asset neighbourhood

Power Drives, Inc. 401(k) Savings PlanPower Drives, Inc. 401(k) Sa…$7MBakery Express Mid-Atlantic, Inc 401(k) PlanBakery Express Mid-Atlantic,…$7MSpindletop Pain Management Company 401(k) PlanSpindletop Pain Management C…$7MChest and Sleep Medicine 401(k) PlanChest and Sleep Medicine 401…$7MImmuta, Inc. 401(k) P/S Plan$7M
End-of-year total assets ($M) among Power Drives, Inc. 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$2M
Employer EIN160709428
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Power Drives, Inc.)

Sponsor-wide plan assets over time

All Power Drives, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 26.101882109748654% vs 2022
2024 filing year
$6M$7M$8M$9M 202220232024 $6.62M $8.34M ▲ +26.0%
Year Plans Participants Total Assets
2022 1 108 $7M
2023 1 122 $8M
2024 1 127 $8M

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Power Drives, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Power Drives, Inc. 401(k) Savings Plan, Total assets ($B): 0.006616883 · Participants: 108Power Drives, Inc. 401(k) Savings PlanIBM 401 (K) Plus Plan, Total assets ($B): 53.363875208 · Participants: 56376IBM 401 (K) Plus PlanMorgan Stanley 401(k) Plan, Total assets ($B): 16.415517176 · Participants: 42924Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 12.067222 · Participants: 129846The Pepsico Savings PlanDeloitte 401(k) Plan, Total assets ($B): 10.966899716 · Participants: 74687Deloitte 401(k) PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 9.681988279 · Participants: 22650The Goldman Sachs 401(k) Plan
Power Drives, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Power Drives, Inc. 401(k) Savings Plan side-by-side with 3 peers →

Power Drives, Inc. 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Bakery Express Mid-Atlantic, Inc 401(k) Plan in MD ($7M); by covered participants it is Holman Professional Counseling 401(k) Plan in CA (108 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (108 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Power Drives, Inc. 401(k) Savings Plan assets move in 2022? ▼
Power Drives, Inc. 401(k) Savings Plan declined sharply - down 20.9% during 2022, from $8M to $7M. Reported net income was -$2M.
How have Power Drives, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Power Drives, Inc.'s sponsor-wide assets grew 26.1%, from $7M to $8M.
Which 401(k) plans are similar in size to Power Drives, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bakery Express Mid-Atlantic, Inc 401(k) Plan in MD ($7M, 218 participants).
Which 401(k) plans cover a similar participant headcount to Power Drives, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Holman Professional Counseling 401(k) Plan in CA (108 participants, $1M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 160709428.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.