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THE RANDALL POWERS COMPANY 401K PLAN 401k Plan overview

Plan NameTHE RANDALL POWERS COMPANY 401K PLAN
Plan identification number 001

THE RANDALL POWERS COMPANY 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

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 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01JENNIFER EFFERSON
0012017-01-01JENNIFER EFFERSON
0012016-01-01JENNIFER EFFERSON2018-01-24 JENNIFER EFFERSON2018-01-24
0012015-01-01
0012015-01-01
0012014-01-01DAWN GIBBS2015-07-13
0012013-01-01DAWN GIBBS2014-06-26
0012012-01-01SUZY CREACH2013-06-26
0012011-01-01JENNIFER TURNER2012-07-30
0012010-01-01JENNIFER TURNER2011-07-13

Plan Statistics for THE RANDALL POWERS COMPANY 401K PLAN

401k plan membership statisitcs for THE RANDALL POWERS COMPANY 401K PLAN

Measure Date Value
2021: THE RANDALL POWERS COMPANY 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0137
Total number of active participants reported on line 7a of the Form 55002021-01-0129
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0111
Total of all active and inactive participants2021-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0140
Number of participants with account balances2021-01-0134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: THE RANDALL POWERS COMPANY 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0136
Total number of active participants reported on line 7a of the Form 55002020-01-0125
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0112
Total of all active and inactive participants2020-01-0137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0137
Number of participants with account balances2020-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011
2019: THE RANDALL POWERS COMPANY 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0131
Total number of active participants reported on line 7a of the Form 55002019-01-0126
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-0110
Total of all active and inactive participants2019-01-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0136
Number of participants with account balances2019-01-0129
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: THE RANDALL POWERS COMPANY 401K PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0141
Total number of active participants reported on line 7a of the Form 55002018-01-0119
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0112
Total of all active and inactive participants2018-01-0131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0131
Number of participants with account balances2018-01-0130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: THE RANDALL POWERS COMPANY 401K PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0133
Total number of active participants reported on line 7a of the Form 55002017-01-0122
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0119
Total of all active and inactive participants2017-01-0141
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0141
Number of participants with account balances2017-01-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010

Financial Data on THE RANDALL POWERS COMPANY 401K PLAN

Measure Date Value
2021 : THE RANDALL POWERS COMPANY 401K PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,123,540
Expenses. Total of all expenses incurred2021-12-31$112,271
Benefits paid (including direct rollovers)2021-12-31$77,145
Total plan assets at end of year2021-12-31$4,125,962
Total plan assets at beginning of year2021-12-31$3,114,693
Value of fidelity bond covering the plan2021-12-31$300,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$311,745
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$6,514
Other income received2021-12-31$565,573
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,011,269
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,125,962
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$3,114,693
Assets. Value of participant loans2021-12-31$67,678
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-1022021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$239,708
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$5,744
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$29,382
2020 : THE RANDALL POWERS COMPANY 401K PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$997,690
Expenses. Total of all expenses incurred2020-12-31$131,367
Benefits paid (including direct rollovers)2020-12-31$111,178
Total plan assets at end of year2020-12-31$3,114,693
Total plan assets at beginning of year2020-12-31$2,248,370
Value of fidelity bond covering the plan2020-12-31$225,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$299,328
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$2,916
Other income received2020-12-31$524,620
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$866,323
Net plan assets at end of year (total assets less liabilities)2020-12-31$3,114,693
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,248,370
Assets. Value of participant loans2020-12-31$52,457
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$170,826
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$20,189
2019 : THE RANDALL POWERS COMPANY 401K PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$864,183
Expenses. Total of all expenses incurred2019-12-31$441,773
Benefits paid (including direct rollovers)2019-12-31$425,056
Total plan assets at end of year2019-12-31$2,248,370
Total plan assets at beginning of year2019-12-31$1,825,960
Value of fidelity bond covering the plan2019-12-31$225,000
Total contributions received or receivable from participants2019-12-31$264,198
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$11,137
Other income received2019-12-31$533,629
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$422,410
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,248,370
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,825,960
Assets. Value of participant loans2019-12-31$68,652
Total contributions received or receivable from employer(s)2019-12-31$55,219
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$16,717
2018 : THE RANDALL POWERS COMPANY 401K PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$241,369
Expenses. Total of all expenses incurred2018-12-31$182,983
Benefits paid (including direct rollovers)2018-12-31$165,981
Total plan assets at end of year2018-12-31$1,825,960
Total plan assets at beginning of year2018-12-31$1,767,574
Value of fidelity bond covering the plan2018-12-31$225,000
Total contributions received or receivable from participants2018-12-31$229,282
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-100,900
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$58,386
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,825,960
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,767,574
Assets. Value of participant loans2018-12-31$63,628
Total contributions received or receivable from employer(s)2018-12-31$112,987
Value of certain deemed distributions of participant loans2018-12-31$908
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$16,094
2017 : THE RANDALL POWERS COMPANY 401K PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$512,671
Expenses. Total of all expenses incurred2017-12-31$67,925
Benefits paid (including direct rollovers)2017-12-31$53,164
Total plan assets at end of year2017-12-31$1,767,574
Total plan assets at beginning of year2017-12-31$1,322,828
Value of fidelity bond covering the plan2017-12-31$150,000
Total contributions received or receivable from participants2017-12-31$214,489
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$264,569
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$444,746
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,767,574
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,322,828
Assets. Value of participant loans2017-12-31$52,995
Total contributions received or receivable from employer(s)2017-12-31$33,613
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$14,761

Form 5500 Responses for THE RANDALL POWERS COMPANY 401K PLAN

2021: THE RANDALL POWERS COMPANY 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: THE RANDALL POWERS COMPANY 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: THE RANDALL POWERS COMPANY 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE RANDALL POWERS COMPANY 401K PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE RANDALL POWERS COMPANY 401K PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes

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