Plan Ledger DOL Form 5500 · updated monthly

Electrico, Inc.401(k)

ELECTRICO INC. 401(K) PROFIT SHARING PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Electrico, Inc. reported $127,047 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $6,465 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 2 years on file its reported administrative ratio rose from 0.38% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 435th-largest of 1,671 plans among Maryland employers on file, and the 1,403rd of 5,337 in construction. In 2024, employees put in $1.02 for every $1.00 the employer contributed; active participation has grown from 119 to 153 since 2022.

Plan summary
Net assets, end of year$34,092,623
Participants with balances151
Active participants153
Employer contributions$989,106
Employee contributions$1,013,509
Employer contribution per active participant$6,465
Average account balance$225,779
Benefits paid to participants$1,423,386
Plan auditUnmodified (clean) audit opinion
AuditorLEONARD J MILLER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 151 accts · $989K emplr
2023$29.8M · 128 accts · $963K emplr
2022$27.1M · 128 accts · $916K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$127,047
Total administrative$127,047
The Electrico, Inc. 401(k) match · 2024
Employer contribution per active participant$6,465
Median for plans this size$2,416
2024$6,465 per active participant
2023$8,377 per active participant
2022$7,699 per active participant

Electrico, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$127,047

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$127,047 · 0.40%
2023$122,767 · 0.43%
2022$110,967 · 0.38%
Same employer
Similar plansConstruction · Maryland
Daniel G. Schuster, LLC MD$40.1M · 0.25%
McLean Contracting Company MD$39.4M · 0.05%
Delaware Elevator, Inc. MD$37.0M · 0.59%
The Foulger-Pratt Companies MD$32.0M · 0.47%
Pleasants Construction, Inc MD$28.0M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 520692249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.