Powersecure, Inc. 401(k) Review & Grade
Powersecure, Inc. 401(k) Retirment Plan
Durham, NCManufacturing807 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,642Employer $ per active participant
$6,912Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$69.6MNet plan assets, end of year
–Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 44th |
| Employee saving | 73th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,520 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Powersecure put in about $2,642 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 | $2,132,487 |
| Participant (employee) contributions | $5,577,867 |
| Other contributions (incl. rollovers in) | $566,951 |
| Administrative expenses paid from the plan | $179,110 |
| Contract administrator fees | $130,604 |
| Investment advisory & management fees | $48,506 |
| Benefits paid out | $8,656,857 |
| Net assets, start / end of year | $61.4M / $69.6M |
| Active participants, start / end of year | 766 / 848 |
| Participants with account balances | 0 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warren Averett |
Largest service providers (Schedule C)
| Ascensus LLC | $130,604 reported compensation |
| One Digital Investment Advisors | $48,506 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905142323NAL0017280641001, received 2025-09-05, EIN 84-1557738, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.