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THE RANDALL POWERS COMPANY CASH BALANCE PLAN 401k Plan overview

Plan NameTHE RANDALL POWERS COMPANY CASH BALANCE PLAN
Plan identification number 002

THE RANDALL POWERS COMPANY CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Plan covering Self-Employed individuals.
  • 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

THE POWERS COMPANY has sponsored the creation of one or more 401k plans.

Company Name:THE POWERS COMPANY
Employer identification number (EIN):800469641
NAIC Classification:541600

Additional information about THE POWERS COMPANY

Jurisdiction of Incorporation: Georgia Department of States Corporations Division
Incorporation Date:
Company Identification Number: 1463018

More information about THE POWERS COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RANDALL POWERS COMPANY CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01ROMONA JACKSON2024-09-18
0022022-01-01ROMONA JACKSON2023-10-16
0022021-01-01
0022020-01-01
0022019-01-01

Financial Data on THE RANDALL POWERS COMPANY CASH BALANCE PLAN

Measure Date Value
2025 : THE RANDALL POWERS COMPANY CASH BALANCE PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-080
Total liabilities as of the end of the plan year2025-10-080
Total liabilities as of the beginning of the plan year2025-10-080
Total expenses incurred by plan in this plan year2025-10-083327
Net assets as of the end of the plan year2025-10-08897946
Total assets as of the beginning of the plan year2025-10-08769924
Value of plan covered by a fidelity bond2025-10-0880000
Participant contributions to plan in this plan year2025-10-080
Other expenses paid from plan in this plan year2025-10-083327
Other contributions to plan in this plan year2025-10-080
Other income to plan in this plan year2025-10-0831349
Plan net income in this plan year2025-10-08128022
Net assets as of the end of the plan year2025-10-08897946
Net assets as of the beginning of the plan year2025-10-08769924
Employer contributions to plan in this plan year2025-10-08100000
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-080
2024 : THE RANDALL POWERS COMPANY CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-180
Total liabilities as of the end of the plan year2024-09-180
Total liabilities as of the beginning of the plan year2024-09-180
Total expenses incurred by plan in this plan year2024-09-182229
Net assets as of the end of the plan year2024-09-18769924
Total assets as of the beginning of the plan year2024-09-18467402
Value of plan covered by a fidelity bond2024-09-1880000
Participant contributions to plan in this plan year2024-09-180
Other expenses paid from plan in this plan year2024-09-182229
Other contributions to plan in this plan year2024-09-180
Other income to plan in this plan year2024-09-184751
Plan net income in this plan year2024-09-18302522
Net assets as of the end of the plan year2024-09-18769924
Net assets as of the beginning of the plan year2024-09-18467402
Employer contributions to plan in this plan year2024-09-18300000
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-180

Potentially related plans

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