401(k) · DOL Form 5500 · 2024

Power Drives, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
127
Participants Small participant base
52nd
Percentile by assets National rank
$65,701
Avg per participant Below avg balance/head
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Official DOL plan name: Power Drives, Inc. 401(k) Savings Plan · Sponsored by Power Drives, Inc. · New York · Wholesale Trade

$8M in assets, 127 participants

Power Drives, Inc.'s Power Drives, Inc. 401(k) Savings Plan reported $8M in total assets and 127 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

  • #2,580 in Wholesale Trade (6,080 peers)

Coverage in New York

Power Drives, Inc. 401(k) Savings Plan covers 127 participants in New York, about 16% of the average New York filer (state average ~798 per filing). Assets: $8M.

#2,580
in Wholesale Trade (6,080 peers)
+6.0%
assets growth YoY

Power Drives, Inc. 401(k) Savings Plan's mid-pack asset rank among Wholesale Trade and all filers

Power Drives, Inc. 401(k) Savings Plan vs every filed plan by assets

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

$8,344,014 Top 48% higher than 52% 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

Power Drives, Inc. 401(k) Savings 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. Power Drives, Inc. 401(k) Savings Plan sits mid-pack in the medium band (127 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Power Drives, Inc. 401(k) Savings Plan reported net income fell from $1M in the plan year 2023 filing to $475K in the plan year 2024 filing.
  • Power Drives, Inc. 401(k) Savings Plan end-of-year assets rose from $8M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Power Drives, Inc. 401(k) Savings Plan reported participants rose from 122 in the plan year 2023 filing to 127 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 160709428 · Power Drives, Inc. PY 2024 · 401(k)

Power Drives, Inc. 401(k) Savings Plan · $8M · 127 · 52nd

  • BOY $8M
  • SCH 127
  • EBSA 52nd
  • PART 401(k)
  • TYPE near Auten, Pruss & Beckmann, P.C. Retirement Plan
  • NET ind #2580

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 Wholesale Trade retirement plans → · Plans in New York →

Power Drives, Inc. 401(k) Savings Plan in the asset neighbourhood

Power Drives, Inc. 401(k) Savings PlanPower Drives, Inc. 401(k) Sa…$8MAuten, Pruss & Beckmann, P.C. Retirement PlanAuten, Pruss & Beckmann, P.C…$8MGleaves Swearingen 401(k) PlanGleaves Swearingen 401(k) Pl…$8MDonald G. Bohning & Associates, Inc. Employees' Profit Sharing PlanDonald G. Bohning & Associat…$8MWrm Holdings, LLC. 401(k) PlanWrm Holdings, LLC. 401(k) Pl…$8M
End-of-year total assets ($M) among Power Drives, Inc. 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$475K
Employer EIN160709428
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Power Drives, Inc.)

Sponsor-wide plan assets over time

All Power Drives, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 26.101882109748654% vs 2022
2024 filing year
$6M$7M$8M$9M 202220232024 $6.62M $8.34M ▲ +26.0%
Year Plans Participants Total Assets
2022 1 108 $7M
2023 1 122 $8M
2024 1 127 $8M

Nearby 401(k) Plans in New York

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

Power Drives, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Power Drives, Inc. 401(k) Savings Plan, Total assets ($B): 0.008344014 · Participants: 127Power Drives, Inc. 401(k) Savings PlanIBM 401(k) Plan, Total assets ($B): 60.39355615 · Participants: 52674IBM 401(k) PlanMorgan Stanley 401(k) Plan, Total assets ($B): 22.180692974 · Participants: 53860Morgan Stanley 401(k) PlanPfizer Savings Plan, Total assets ($B): 21.9871528 · Participants: 33309Pfizer Savings PlanThe Pepsico Savings Plan, Total assets ($B): 14.9369507 · Participants: 137398The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 12.807939404 · Participants: 23227The Goldman Sachs 401(k) Plan
Power Drives, Inc. 401(k) Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Power Drives, Inc. 401(k) Savings Plan side-by-side with 3 peers →

Power Drives, Inc. 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Auten, Pruss & Beckmann, P.C. Retirement Plan in NE ($8M); by covered participants it is Wat Opco LLC (Dba Woodlake at Tolland) 401(k) Plan in CT (127 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (127 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 Power Drives, Inc. 401(k) Savings Plan assets move in 2024? ▼
Power Drives, Inc. 401(k) Savings Plan grew at a solid clip - up 6.0% during 2024, from $8M to $8M. Reported net income was $475K.
How have Power Drives, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Power Drives, Inc.'s sponsor-wide assets grew 26.1%, from $7M to $8M.
Which 401(k) plans are similar in size to Power Drives, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Auten, Pruss & Beckmann, P.C. Retirement Plan in NE ($8M, 15 participants).
Which 401(k) plans cover a similar participant headcount to Power Drives, Inc. 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Wat Opco LLC (Dba Woodlake at Tolland) 401(k) Plan in CT (127 participants, $829K 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 160709428.

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.