POWER ELECTRONICS USA, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan POWER ELECTRONICS USA, INC. 401(K) PLAN
| Measure | Date | Value |
|---|
| 2025 : POWER ELECTRONICS USA, INC. 401(K) PLAN 2025 401k financial data |
|---|
| Total liabilities as of the beginning of the plan year | 2025-10-15 | 0 |
| Total expenses incurred by plan in this plan year | 2025-10-15 | 84518 |
| Net assets as of the end of the plan year | 2025-10-15 | 1730731 |
| Total assets as of the beginning of the plan year | 2025-10-15 | 829880 |
| Value of plan covered by a fidelity bond | 2025-10-15 | 385000 |
| Participant contributions to plan in this plan year | 2025-10-15 | 506485 |
| Value of participant loans at end of plan year | 2025-10-15 | 56968 |
| Other contributions to plan in this plan year | 2025-10-15 | 17003 |
| Other income to plan in this plan year | 2025-10-15 | 171201 |
| Plan net income in this plan year | 2025-10-15 | 900851 |
| Net assets as of the end of the plan year | 2025-10-15 | 1730731 |
| Net assets as of the beginning of the plan year | 2025-10-15 | 829880 |
| Employer contributions to plan in this plan year | 2025-10-15 | 290680 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-10-15 | 2205 |
| 2024 : POWER ELECTRONICS USA, INC. 401(K) PLAN 2024 401k financial data |
|---|
| Total liabilities as of the beginning of the plan year | 2024-08-29 | 0 |
| Total expenses incurred by plan in this plan year | 2024-08-29 | 89272 |
| Net assets as of the end of the plan year | 2024-08-29 | 829880 |
| Total assets as of the beginning of the plan year | 2024-08-29 | 458061 |
| Value of plan covered by a fidelity bond | 2024-08-29 | 385000 |
| Participant contributions to plan in this plan year | 2024-08-29 | 220923 |
| Value of participant loans at end of plan year | 2024-08-29 | 9856 |
| Other contributions to plan in this plan year | 2024-08-29 | 52969 |
| Other income to plan in this plan year | 2024-08-29 | 112105 |
| Plan net income in this plan year | 2024-08-29 | 371819 |
| Net assets as of the end of the plan year | 2024-08-29 | 829880 |
| Net assets as of the beginning of the plan year | 2024-08-29 | 458061 |
| Employer contributions to plan in this plan year | 2024-08-29 | 75094 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-08-29 | 585 |
| 2022 : POWER ELECTRONICS USA, INC. 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $87,303 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $82,119 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $52,693 |
| Value of total corrective distributions | 2022-12-31 | $28,911 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $157,566 |
| Value of total assets at end of year | 2022-12-31 | $458,061 |
| Value of total assets at beginning of year | 2022-12-31 | $452,877 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $515 |
| Total interest from all sources | 2022-12-31 | $979 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $7,036 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $7,036 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $385,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $157,566 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $5,184 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $458,061 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $452,877 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $392,228 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $395,050 |
| Interest on participant loans | 2022-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $65,833 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $57,827 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $57,827 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $979 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-78,278 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $52,693 |
| Contract administrator fees | 2022-12-31 | $515 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | EIDE BAILLY LLP |
| Accountancy firm EIN | 2022-12-31 | 450250958 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $87,303 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $82,119 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $52,693 |
| Value of total corrective distributions | 2022-01-01 | $28,911 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $157,566 |
| Value of total assets at end of year | 2022-01-01 | $458,061 |
| Value of total assets at beginning of year | 2022-01-01 | $452,877 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $515 |
| Total interest from all sources | 2022-01-01 | $979 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $7,036 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $7,036 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $385,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $157,566 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $5,184 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $458,061 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $452,877 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $392,228 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $395,050 |
| Interest on participant loans | 2022-01-01 | $0 |
| Income. Interest from loans (other than to participants) | 2022-01-01 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-01-01 | $65,833 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-01-01 | $979 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-78,278 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $52,693 |
| Contract administrator fees | 2022-01-01 | $515 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | EIDE BAILLY LLP |
| Accountancy firm EIN | 2022-01-01 | 450250958 |
| 2021 : POWER ELECTRONICS USA, INC. 401(K) PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $236,164 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $12,473 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $8,565 |
| Value of total corrective distributions | 2021-12-31 | $3,643 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $191,256 |
| Value of total assets at end of year | 2021-12-31 | $452,877 |
| Value of total assets at beginning of year | 2021-12-31 | $229,186 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $265 |
| Total interest from all sources | 2021-12-31 | $356 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $5,433 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $5,433 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $191,256 |
| Participant contributions at end of year | 2021-12-31 | $0 |
| Participant contributions at beginning of year | 2021-12-31 | $11,420 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $223,691 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $452,877 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $229,186 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $395,050 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $194,169 |
| Interest on participant loans | 2021-12-31 | $352 |
| Income. Interest from loans (other than to participants) | 2021-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-12-31 | $57,827 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-12-31 | $23,597 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-12-31 | $23,597 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $4 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $39,119 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $8,565 |
| Contract administrator fees | 2021-12-31 | $265 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | EIDE BAILLY LLP |
| Accountancy firm EIN | 2021-12-31 | 450250958 |
