Plan Ledger DOL Form 5500 · updated monthly

Abec Electric Company, LLC401(k)

ABEC ELECTRIC COMPANY, LLC 401(K) PROFIT SHARING PLAN & TRUST · NASHVILLE, TN · plan year 2022

Reported admin expense ratio · 2022
0.74%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Abec Electric Company, LLC reported $35,994 in plan administrative expenses for 2022: 0.74% of average plan assets, above the peer median. Employer contributions averaged $1,747 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (1,111th of 1,496), and 4,108th of 5,337 in construction. In 2022, employees put in $1.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,459,794
Participants with balances98
Active participants107
Employer contributions$186,981
Employee contributions$297,236
Employer contribution per active participant$1,747
Average account balance$45,508
Benefits paid to participants$378,641
Plan auditUnmodified (clean) audit opinion
AuditorKRAFTCPAS PLLC
Administrative expenses, itemized · 2022
Professional / advisory$35,994
Total administrative$35,994
The Abec Electric Company, LLC 401(k) match · 2022
Employer contribution per active participant$1,747
Median for plans this size$1,114

Abec Electric Company, LLC's 2022 employer contribution ran above the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$35,994 · 0.74%
Same employer
Similar plansConstruction · Tennessee
Empower Electric, LLC TN$5.2M · 1.05%
Eskola, LLC TN$5.1M · 2.02%
Relyant Global, LLC TN$4.3M · 0.23%
Itg Communications, LLC TN$4.1M · 1.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621652973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.