401(k) · DOL Form 5500 · 2024

Powell Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$252M
Total assets Near avg plan size
1,934
Participants Near avg headcount
95th
Percentile by assets National rank
$130,440
Avg per participant Near avg balance/head
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Official DOL plan name: Powell Industries, Inc. Employees Incentive Savings Plan · Sponsored by Powell Industries, Inc. · Texas · Manufacturing

$252M in assets, 1,934 participants

Powell Industries, Inc.'s Powell Industries, Inc. Employees Incentive Savings Plan reported $252M in total assets and 1,934 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.

  • #16,445 in Manufacturing (17,777 peers)

Coverage in Texas

Powell Industries, Inc. Employees Incentive Savings Plan covers 1,934 participants in Texas, 2.8x the typical Texas plan (state average ~688 per filing). Assets: $252M.

#16,445
in Manufacturing (17,777 peers)
+10.7%
assets growth YoY
2.5×
vs typical plan assets (national mean)

Powell Industries, Inc. Employees Incentive Savings Plan's outsized position by total assets

Powell Industries, Inc. Employees Incentive Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$252,270,831 Top 5% higher than 95% of 123,620 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 2024

Powell Industries, Inc. Employees Incentive Savings Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Powell Industries, Inc. Employees Incentive Savings Plan lands in the large band (1,934 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Powell Industries, Inc. Employees Incentive Savings Plan reported participants rose from 1,536 in the plan year 2023 filing to 1,934 in the plan year 2024 filing.
  • Powell Industries, Inc. Employees Incentive Savings Plan reported net income fell from $28M in the plan year 2023 filing to $24M in the plan year 2024 filing.
  • Powell Industries, Inc. Employees Incentive Savings Plan end-of-year assets rose from $228M in the plan year 2023 filing to $252M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 880106100 · Powell Industries, Inc. PY 2024 · 401(k)

Powell Industries, Inc. Employees Incentive Savings Plan · $252M · 1,934 · 95th

  • BOOK $252M
  • BOOK 1,934
  • BOOK 95th
  • BOOK 401(k)
  • BOOK near Warner Norcross + Judd LLP Retirement Plan
  • BOOK ind #16445

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 Manufacturing retirement plans → · Plans in Texas →

Powell Industries, Inc. Employees Incentive Savings Plan in the asset neighbourhood

The Siegfried Group's 401(k) PlanThe Siegfried Group's 401(k)…$252MAlphastaff Retirement Savings PlanAlphastaff Retirement Saving…$252MWarner Norcross + Judd LLP Retirement PlanWarner Norcross + Judd LLP R…$252MPowell Industries, Inc. Employees Incentive Savings PlanPowell Industries, Inc. Empl…$252MDynatrace Inc 401(k) Plan$252M
End-of-year total assets ($M) among Powell Industries, Inc. Employees Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$228M
Net Assets (End of Year)$252M
Net Income$24M
Employer EIN880106100
Plan Effective Date1960-12-12
Filing StatusFILING RECEIVED

Sponsor Plan History (Powell Industries, Inc.)

Sponsor-wide plan assets over time

All Powell Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$252M 26.375986090882463% vs 2022
2024 filing year
$180M$200M$220M$240M$260M 202220232024 $200M $252M ▲ +26.4%
Year Plans Participants Total Assets
2022 1 1,441 $200M
2023 1 1,536 $228M
2024 1 1,934 $252M

Nearby 401(k) Plans in Texas

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

Powell Industries, Inc. Employees Incentive Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Powell Industries, Inc. Employees Incentive Savings Plan, Total assets ($B): 0.252270831 · Participants: 1934Powell Industries, Inc. Employees Incentive Savings PlanAT&T Retirement Savings Plan, Total assets ($B): 43.121795 · Participants: 109889AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 23.711 · Participants: 21990Exxonmobil Savings PlanChevron Employee Savings Investment Plan, Total assets ($B): 20.378704663 · Participants: 21505Chevron Employee Savings Investment PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 18.81200478 · Participants: 43873Caterpillar 401(k) Savings PlanSouthwest Airlines Co. Retirement Savings Plan, Total assets ($B): 16.991748637 · Participants: 67820Southwest Airlines Co. Retirement Savings Plan
Powell Industries, Inc. Employees Incentive Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Powell Industries, Inc. Employees Incentive Savings Plan side-by-side with 3 peers →

Powell Industries, Inc. Employees Incentive Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Warner Norcross + Judd LLP Retirement Plan in MI ($252M); by covered participants it is Marksman Security LLC 401(k) Plan in FL (1,934 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($252M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,934 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Powell Industries, Inc. Employees Incentive Savings Plan assets move in 2024? ▼
Powell Industries, Inc. Employees Incentive Savings Plan grew at a solid clip - up 10.7% during 2024, from $228M to $252M. Reported net income was $24M.
How have Powell Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Powell Industries, Inc.'s sponsor-wide assets grew 26.4%, from $200M to $252M.
Where does Powell Industries, Inc. Employees Incentive Savings Plan rank by assets among Form 5500 filers? ▼
Powell Industries, Inc. Employees Incentive Savings Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Powell Industries, Inc. Employees Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Warner Norcross + Judd LLP Retirement Plan in MI ($252M, 312 participants).
Which 401(k) plans cover a similar participant headcount to Powell Industries, Inc. Employees Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Marksman Security LLC 401(k) Plan in FL (1,934 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 880106100.

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.