401(k) · DOL Form 5500 · 2024

National Power, LLC 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets: 252
Participants Below avg headcount: 51st
Percentile by assets National rank: $31,939
Avg per participant Low balance/head

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Official DOL plan name: National Power 401(k) Plan · Sponsored by National Power, LLC · North Carolina · Construction

$8M in assets, 252 participants

National Power, LLC's National Power 401(k) Plan reported $8M in total assets and 252 participants in its 2024 DOL Form 5500 filing, ranking in the 51st 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.

#4,486 in Construction (9,039 peers)

Coverage in North Carolina

National Power 401(k) Plan covers 252 participants in North Carolina, about 31% of the average North Carolina filer (state average ~819 per filing). Assets: $8M.

#4,486
in Construction (9,039 peers): +23.3%
assets growth YoY

National Power 401(k) Plan's mid-pack asset rank among Construction and all filers

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

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

$8,048,716 Top 49% higher than 51% of 123,620 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

National Power 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. National Power 401(k) Plan sits mid-pack in the medium band (252 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

National Power 401(k) Plan reported net income rose from -$433K in the plan year 2022 filing to $2M in the plan year 2024 filing.
National Power 401(k) Plan end-of-year assets rose from $5M in the plan year 2022 filing to $8M in the plan year 2024 filing.
National Power 401(k) Plan reported participants rose from 157 in the plan year 2022 filing to 252 in the plan year 2024 filing.

See the national 2022→2024 release diff →

Form 5500 schedule snapshot

Filing strip 561490530 · National Power, LLC PY 2024 · 401(k)

National Power 401(k) Plan · $8M · 252 · 51st

NET $8M
BOOK 252
VS-ST 51st
BOY 401(k)
SCH near Optech LLC 401(k) Profit Sharing Plan and Trust
EBSA ind #4486

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 North Carolina →

End-of-year total assets ($M) among National Power 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)	$7M
Net Assets (End of Year)	$8M
Net Income	$2M
Employer EIN	561490530
Plan Effective Date	2002-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (National Power, LLC)

Latest sponsor-wide plan assets: $8M 75.10630974960371% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	157	$5M
2024	1	252	$8M

Nearby 401(k) Plans in North Carolina

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

National Power 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

The Bank of America 401(k) Plan $62.9B · 168,963
Honeywell 401(k) Plan $16.3B · 39,468
Duke Energy Retirement Savings Plan $11.3B · 27,341
Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699

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

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

Outside North Carolina, the nearest 401(k) by assets is Optech LLC 401(k) Profit Sharing Plan and Trust in MI ($8M); by covered participants it is Gilcrest-Jewett Lumber Company Profit Sharing Plan in IA (252 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Optech LLC 401(k) Profit Sharing Plan and Trust (MI) $8M · 217
Best Lighting Products, Inc. 401(k) Plan (OH) $8M · 157
Oriol Holding Inc. 401(k) Plan (MA) $8M · 286
Milan Institute Profit Sharing 401(k) Plan (CA) $8M · 469

Similar participant headcount

Nearest other-state filings by covered participants (252 participants); asset peers above are excluded.

Gilcrest-Jewett Lumber Company Profit Sharing Plan (IA) 252 · 0 off
Empire Candle 401(k) Plan (KS) 252 · 0 off
Denron Plumbing & Hvac 401(k) Plan (NH) 252 · 0 off
Mm Hotel Management, LLC Dba Garden City Hotel 401(k) Plan (NY) 252 · 0 off

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 National Power 401(k) Plan assets move in 2024? ▼

National Power 401(k) Plan grew sharply - up 23.3% during 2024, from $7M to $8M. Reported net income was $2M.

How have National Power, LLC plan assets changed over time? ▼

Across 2 plan years on file (2022-2024), National Power, LLC's sponsor-wide assets grew 75.1%, from $5M to $8M.

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

Among 401(k) plans in other states, the closest by assets is Optech LLC 401(k) Profit Sharing Plan and Trust in MI ($8M, 217 participants).

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

Among 401(k) plans in other states, the closest by covered participants is Gilcrest-Jewett Lumber Company Profit Sharing Plan in IA (252 participants, N/A 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 561490530.