ESOP
2023 plan-year ESOP DOL Form 5500

POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

POWER SYSTEMS & CONTROLS, INC.

This ESOP plan holds $10M in total assets and serves 82 participants as of 2023. It is sponsored by POWER SYSTEMS & CONTROLS, INC. in Virginia. The plan reported a net loss of $84K for the year.

Total Assets (2023)
$10M
Participants
82
State
Industry
Manufacturing

What the Filing Says About POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN

POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is a ESOP retirement plan sponsored by POWER SYSTEMS & CONTROLS, INC., headquartered in Virginia. As of the 2023 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 82 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 540790452, and the plan has been effective since 2002-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $10M at the beginning of 2023 to $10M at year-end — a decline of 0.8%. Net assets (after liabilities) closed the year at $10M, with reported net income of $-83,638 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$10M
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$-83,638
Plan TypeESOP
Employer EIN540790452
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (POWER SYSTEMS & CONTROLS, INC.)

Year Plans Participants Total Assets
2022 1 72 $10M
2023 1 82 $10M

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Frequently Asked Questions

How much money is in the POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN?
As of the 2023 Form 5500 filing, POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN holds $10M in total assets with 82 participants. It is sponsored by POWER SYSTEMS & CONTROLS, INC..
What type of plan is POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN?
POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is a ESOP plan. It has been effective since 2002-01-01. The plan is filed with the U.S. Department of Labor under EIN 540790452.
Who sponsors the POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN?
POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN is sponsored by POWER SYSTEMS & CONTROLS, INC., located in Virginia. The sponsor's EIN is 540790452 and the plan operates in the Manufacturing industry.
How did POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN perform in 2023?
POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN declined by 0.8% during 2023, moving from $10M to $10M in total assets. Net income was $-83,638.
Where can I find official filings for POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN?
Official Form 5500 filings for POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 540790452 or plan name at efast.dol.gov.
How does POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN compare to other plans?
You can compare POWER SYSTEMS & CONTROLS, INC. EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN against other ESOP plans on the plan type page, or view plans in Virginia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 540790452.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.