Money Purchase · DOL Form 5500 · 2024
David W. Powell Money Purchase Plan
Data updated 2026-08-11
- $1M
- Total assets
- 4
- Participants
- 25th
- Percentile by assets
- $302,679
- Avg per participant
Official DOL plan name: Sytek Consultants Money Purchase Plan · Sponsored by David W. Powell · New York · Professional & Technical Services
$1M in assets, 4 participants
David W. Powell's Sytek Consultants Money Purchase Plan reported $1M in total assets and 4 participants in its 2024 DOL Form 5500 filing, ranking in the 25th 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.
- 25th percentile by assets (of 123,622 plans)
- #4,008 in Professional & Technical Services (20,173 peers)
2024 asset change
Sytek Consultants Money Purchase Plan pulled back noticeably 11.9% in 2024 ($1M → $1M) for 4 participants.
- $1M
- total plan assets (2024 EOY)
- 4
- covered participants
- 25th
- percentile by assets (of 123,622 plans)
- $302,679
- avg assets per participant
The plan reported a net loss of $164K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sytek Consultants Money Purchase Plan reported net income fell from $122K in the plan year 2023 filing to -$164K in the plan year 2024 filing.
- Sytek Consultants Money Purchase Plan end-of-year assets fell from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
2024 asset move for Sytek Consultants Money Purchase Plan
Year over year, total assets pulled back noticeably from $1M at the start of 2024 to $1M at year-end (down 11.9%). Net assets closed at $1M; reported net income -$164K.
David W. Powell years around the 2024 move
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 8 | $3M |
| 2023 | 2 | 8 | $3M |
| 2024 | 2 | 8 | $3M |
2024 asset-move particulars
| Total Assets (Beginning of Year) | $1M |
|---|---|
| Net Assets (End of Year) | $1M |
| Net Income | -$164K |
| Employer EIN | 161372207 |
| Plan Effective Date | 1995-01-01 |
| Filing Status | FILING RECEIVED |
Nearby Money Purchase Plans in New York
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Sytek Consultants Money Purchase Plan vs. nearby Money Purchase plans in New York, assets vs. participants
- Tiaa Retirement Plan $5.9B · 11,906
- Young Men's Christian Association Retirement Fund Retirement Plan $3.9B · 47,199
- McKinsey & Company, Inc. (Mppp) Money Purchase Pension Plan $2.2B · 15,274
- Brookhaven Science Associates, LLC Retirement Plan $1.5B · 2,624
- Iron Workers Locals 40, 361 & 417 Annuity Fund $1.2B · 2,357
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Sytek Consultants Money Purchase Plan by total assets, not by location.
Frequently Asked Questions
How did Sytek Consultants Money Purchase Plan assets move in 2024? ▼
How have David W. Powell plan assets changed over time? ▼
Where does Sytek Consultants Money Purchase Plan rank by assets among Form 5500 filers? ▼
Which Money Purchase plans are similar in size to Sytek Consultants Money Purchase Plan? ▼
Next read for Sytek Consultants Money Purchase Plan
2024 change
Ways to act on Sytek Consultants Money Purchase Plan's numbers.
- By total assets, Sytek Consultants Money Purchase Plan ranks in the lower half of filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in New York. Compare plans
- David W. Powell's sponsor-wide assets have declined 3.4% since 2022 across 3 plan years on file. More Professional & Technical Services plans