What is the average account balance in the Agir Electrical, LTD. 401(k)?

Name: Agir Electrical, LTD. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

The average participant account balance was $1,456 for plan year 2023, based on 433 accounts.

Agir Electrical, LTD.ESOP

PINNACLE ELECTRIC EMPLOYEE STOCK OWNERSHIP PLAN · RICHMOND HILL, NY · plan year 2023

Plan assets · 2023

$630K

Agir Electrical, LTD.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $630,358 across 433 participant accounts. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (5,420th of 5,648), and 5,192nd of 5,337 in construction.

Plan summary
Net assets, end of year$630,358
Participants with balances433
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$1,456
Plan auditUnmodified (clean) audit opinion
AuditorMAZARS USA LLP

Plan history4
Yearassets · accounts · employer contribution
2024$0
2023$630K · 433 accts
2022$609K · 433 accts
2021$600K · 433 accts

Administrative cost history4

2024Not separately reported

2023Not separately reported

2022Not separately reported

2021Not separately reported

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Source: U.S. Department of Labor, Form 5500 series, EIN 113360053 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.