Power Solutions International, Inc. 401(k) Review & Grade
Psi 401(k) Plan
Wood Dale, ILManufacturing678 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,633Employer $ per active participant
$5,756Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$40.4MNet plan assets, end of year
$43,403Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 89th |
| Employee saving | 62th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $43,926 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Power Solutions International put in about $3,633 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,464,913 |
| Participant (employee) contributions | $3,905,515 |
| Other contributions (incl. rollovers in) | $218,481 |
| Administrative expenses paid from the plan | $16,634 |
| Benefits paid out | $3,610,679 |
| Net assets, start / end of year | $33.0M / $40.4M |
| Active participants, start / end of year | 643 / 714 |
| Participants with account balances | 931 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller, Cooper, & Co, LTD |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $16,634 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922141453NAL0005750960001, received 2025-09-22, EIN 33-0963637, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.