401(k) · DOL Form 5500 · 2023

Power Source Electric 401(k) Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets: 12
Participants Small participant base: 27th
Percentile by assets National rank: $122,037
Avg per participant Near avg balance/head

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Official DOL plan name: Power Source Electric 401(k) Plan · Sponsored by Power Source Electric · Michigan · Construction

$1M in assets, 12 participants

Power Source Electric's Power Source Electric 401(k) Plan reported $1M in total assets and 12 participants in its 2023 DOL Form 5500 filing, ranking in the 27th 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.

#2,257 in Construction (9,030 peers)

Power Source Electric multi-year trail

Power Source Electric's plans moved +60.1% in assets from 2022 to 2024; this filing shows Power Source Electric 401(k) Plan at $1M / 12 participants.

#2,257
in Construction (9,030 peers): +30.0%
assets growth YoY

Power Source Electric 401(k) Plan among the smaller filed plans by assets

Power Source Electric 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,464,440 27th percentile higher than 27% of 127,068 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Power Source Electric 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Power Source Electric 401(k) Plan is a small filing (12 participants) on this national headcount ladder.

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Power Source Electric 401(k) Plan reported net income rose from -$329K in the plan year 2022 filing to $338K in the plan year 2023 filing.
Power Source Electric 401(k) Plan end-of-year assets rose from $1M in the plan year 2022 filing to $1M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 382881066 · Power Source Electric PY 2023 · 401(k)

Power Source Electric 401(k) Plan · $1M · 12 · 27th

ASSETS $1M
ASSETS 12
ASSETS 27th
ASSETS 401(k)
ASSETS near Reed & Witting Company Profit Sharing Plan
ASSETS ind #2257

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 Construction retirement plans → · Plans in Michigan →

End-of-year total assets ($M) among Power Source Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Power Source Electric multi-year asset trail

Latest sponsor-wide plan assets: $2M 60.104490184295756% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	12	$1M
2023	1	12	$1M
2024	1	14	$2M

Power Source Electric filing trail (2023)

Total Assets (Beginning of Year)	$1M
Net Assets (End of Year)	$1M
Net Income	$338K
Employer EIN	382881066
Plan Effective Date	2012-01-01
Filing Status	FILING RECEIVED

Nearby 401(k) Plans in Michigan

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

Power Source Electric 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants

General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195

Compare Power Source Electric 401(k) Plan side-by-side with 3 peers →

Power Source Electric 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Reed & Witting Company Profit Sharing Plan in PA ($1M); by covered participants it is Maryland Home Care Solutions Retirement Plan in MD (12 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1M here).

Reed & Witting Company Profit Sharing Plan (PA) $1M · 22
Celebration Family Chiropractic Retirement Plan (FL) $1M · 5
Vocelle & Berg, LLP 401(k) Profit Sharing Plan (FL) $1M · 4
Abox, Inc. 401(k) Plan (WI) $1M · 7

Similar participant headcount

Nearest other-state filings by covered participants (12 participants); asset peers above are excluded.

Maryland Home Care Solutions Retirement Plan (MD) 12 · 0 off
Acm Ventures, Inc. 401(k) Profit Sharing Plan (NC) 12 · 0 off
Machinery & Tool Rentals, Inc. Employee Savings and Retirement Plan (OH) 12 · 0 off
Por K No, Inc. 401(k) Plan (CA) 12 · 0 off

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Power Source Electric 401(k) Plan assets move in 2023? ▼

Power Source Electric 401(k) Plan grew sharply - up 30.0% during 2023, from $1M to $1M. Reported net income was $338K.

How have Power Source Electric plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Power Source Electric's sponsor-wide assets grew 60.1%, from $1M to $2M.

Which 401(k) plans are similar in size to Power Source Electric 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Reed & Witting Company Profit Sharing Plan in PA ($1M, 22 participants).

Which 401(k) plans cover a similar participant headcount to Power Source Electric 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Maryland Home Care Solutions Retirement Plan in MD (12 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 382881066.