401(k) · DOL Form 5500 · 2024
Powell Industries, Inc. 401(k) Plan
Data updated 2026-08-11
- $252M
- Total assets
- 1,934
- Participants
- 95th
- Percentile by assets
- $130,440
- Avg per participant
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.
- 95th percentile by assets (of 123,622 plans)
- #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.
- $252M
- total plan assets (2024 EOY)
- 1,934
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $130,440
- avg assets per participant
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.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. Powell Industries, Inc. Employees Incentive Savings Plan reports 1,934 participants - 2.8x that state average ($252M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $228M |
|---|---|
| Net Assets (End of Year) | $252M |
| Net Income | $24M |
| Employer EIN | 880106100 |
| Plan Effective Date | 1960-12-12 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Powell Industries, Inc.)
| 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
- AT&T Retirement Savings Plan $43.1B · 109,889
- Exxonmobil Savings Plan $23.7B · 21,990
- Chevron Employee Savings Investment Plan $20.4B · 21,505
- Caterpillar 401(k) Savings Plan $18.8B · 43,873
- Southwest Airlines Co. Retirement Savings Plan $17.0B · 67,820
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Powell Industries, Inc. Employees Incentive Savings Plan by total assets, not by location.
- Warner Norcross + Judd LLP Retirement Plan (MI) $252M · 312
- Alphastaff Retirement Savings Plan (FL) $252M · 6,474
- The Siegfried Group's 401(k) Plan (DE) $252M · 1,322
- Dynatrace Inc 401(k) Plan (MA) $252M · 1,609
Frequently Asked Questions
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Filing takeaways
Ways to act on Powell Industries, Inc. Employees Incentive Savings Plan's numbers.
- By total assets, Powell Industries, Inc. Employees Incentive Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
- Powell Industries, Inc.'s sponsor-wide assets have grown 26.4% since 2022 across 3 plan years on file. More Manufacturing plans