Plan Ledger DOL Form 5500 · updated monthly

Electrical Consultants, Inc.401(k)

ELECTRICAL CONSULTANTS INC PROFIT SHARING PLAN · BILLINGS, MT · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Electrical Consultants, Inc. reported $210,613 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $9,866 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.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.164%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 10th-largest of 229 plans among Montana employers on file, and the 1,083rd of 11,654 in professional & technical services. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves; active participation has grown from 806 to 1,051 since 2022.

Plan summary
Net assets, end of year$142,920,226
Participants with balances1,151
Active participants1,051
Employer contributions$10,369,555
Employee contributions$9,197,207
Employer contribution per active participant$9,866
Average account balance$124,170
Benefits paid to participants$9,519,587
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$142.9M · 1,151 accts · $10.4M emplr
2023$114.2M · 1,033 accts · $4.4M emplr
2022$85.7M · 899 accts · $4.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$128,247
Investment management$81,816
Total administrative$210,613
The Electrical Consultants, Inc. 401(k) match · 2024
Employer contribution per active participant$9,866
Median for plans this size$3,635
2024$9,866 per active participant
2023$4,683 per active participant
2022$4,961 per active participant

Electrical Consultants, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$46,816
RBC CAPITAL MARKETS, LLC · Investment advisory (plan)$35,000
QDRO CONSULTANTS COMPANY, LLC$550

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$210,613 · 0.16%
2023$162,876 · 0.16%
2022$149,521 · 0.16%
All plans at this employer2
ELECTRICAL CONSULTANTS INC PROFIT SHARING PLAN401(k)
ELECTRICAL CONSULTANTS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 810427018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.