Bright Power 401(k) match, vesting and fees
What Bright Power's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Voya Retirement & Insurance Annuity | Schedule C ↗ |
| Independent auditor | Hallowell 401k Assurance LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 9,213 defined-contribution plans in professional, scientific, and technical services with 100 to 499 participants.
| Bright Power: employer contribution per participant | $623 | |
| Peer median | $2,521 |
| Bright Power: average balance | $40,111 | |
| Peer median | $75,833 |
| Bright Power: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.27% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $8.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 229 | $8.9M | $139K | $623 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Bright Power match 401(k) contributions?
The match terms for the Bright Power, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $139K in employer contributions, about $623 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bright Power 401(k) match vested?
The vesting schedule for the Bright Power, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bright Power 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Retirement & Insurance Annuity. The plan administrator is Bright Power, Inc..
I left Bright Power. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bright Power, Inc., (212) 803-5868) or the recordkeeper, Voya Retirement & Insurance Annuity. The Bright Power old 401(k) page lists the contacts from every plan filing. Find an old Bright Power 401(k)
Data from the public Form 5500 annual reports Bright Power filed with the U.S. Department of Labor (plan years 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bright Power. Not financial advice. Report a correction · Methodology