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DIRECT POWER, INC. 401(K) PLAN 401k Plan overview

Plan NameDIRECT POWER, INC. 401(K) PLAN
Plan identification number 001

DIRECT POWER, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

DIRECT POWER, INC. has sponsored the creation of one or more 401k plans.

Company Name:DIRECT POWER, INC.
Employer identification number (EIN):561885918
NAIC Classification:517000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DIRECT POWER, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01ALEX REED2022-06-30
0012020-01-01ALEX REED2021-07-20
0012019-01-01ALEX REED2020-09-05
0012018-01-01ALEX REED2019-08-27
0012017-01-01ALEX REED2018-06-12
0012016-01-01ALEX REED2017-10-03
0012015-01-01ALEX REED2016-09-27

Plan Statistics for DIRECT POWER, INC. 401(K) PLAN

401k plan membership statisitcs for DIRECT POWER, INC. 401(K) PLAN

Measure Date Value
2025: DIRECT POWER, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0862
Total number of particpants at end of year2025-10-0847
Number of Participants With Account Balances2025-10-0837
2024: DIRECT POWER, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-1656
Total number of particpants at end of year2024-08-1658
Number of Participants With Account Balances2024-08-1651

Financial Data on DIRECT POWER, INC. 401(K) PLAN

Measure Date Value
2025 : DIRECT POWER, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-080
Total expenses incurred by plan in this plan year2025-10-08512890
Net assets as of the end of the plan year2025-10-082214432
Total assets as of the beginning of the plan year2025-10-082221859
Value of plan covered by a fidelity bond2025-10-08350000
Participant contributions to plan in this plan year2025-10-08161490
Value of participant loans at end of plan year2025-10-086364
Other expenses paid from plan in this plan year2025-10-080
Other contributions to plan in this plan year2025-10-080
Other income to plan in this plan year2025-10-08222646
Plan net income in this plan year2025-10-08-7427
Net assets as of the end of the plan year2025-10-082214432
Net assets as of the beginning of the plan year2025-10-082221859
Employer contributions to plan in this plan year2025-10-08121327
Fees paid to broker by Benefit Provider2025-10-0814273
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-0822442
2024 : DIRECT POWER, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-160
Total expenses incurred by plan in this plan year2024-08-16866350
Net assets as of the end of the plan year2024-08-162221859
Total assets as of the beginning of the plan year2024-08-162457298
Value of plan covered by a fidelity bond2024-08-16350000
Participant contributions to plan in this plan year2024-08-16190817
Value of participant loans at end of plan year2024-08-1614538
Other expenses paid from plan in this plan year2024-08-160
Other contributions to plan in this plan year2024-08-160
Other income to plan in this plan year2024-08-16269577
Plan net income in this plan year2024-08-16-235439
Net assets as of the end of the plan year2024-08-162221859
Net assets as of the beginning of the plan year2024-08-162457298
Employer contributions to plan in this plan year2024-08-16170517
Fees paid to broker by Benefit Provider2024-08-1614832
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-1623191

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