Plan Ledger DOL Form 5500 · updated monthly

Electro-Mechanical, LLC401(k)

ELECTRO-MECHANICAL RETIREMENT PLAN · BRISTOL, VA · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

Electro-Mechanical, LLC reported $77,000 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $949 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 0.039% to 0.042%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 685th-largest of 2,266 plans among Virginia employers on file, and the 1,252nd of 4,246 in wholesale trade. In 2023, employees put in $2.55 for every $1.00 the employer contributed; active participation has grown from 422 to 465 since 2022.

Plan summary
Net assets, end of year$33,016,913
Participants with balances573
Active participants465
Employer contributions$441,213
Employee contributions$1,127,050
Employer contribution per active participant$949
Average account balance$57,621
Benefits paid to participants$2,829,741
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.0M · 625 accts · $469K emplr
2023$33.0M · 573 accts · $441K emplr
2022$30.9M · 530 accts · $394K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$12,440
Investment management$64,560
Total administrative$77,000
The Electro-Mechanical, LLC 401(k) match · 2023
Employer contribution per active participant$949
Median for plans this size$2,440
2024$991 per active participant
2023$949 per active participant
2022$935 per active participant

Electro-Mechanical, LLC's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
WELLS FARGO ADVISORS · Investment advisory (plan)$61,353
PRUDENTIAL RETI INS AND ANNUITY CO · Investment advisory (plan)$15,647

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$13,582 · 0.04%
2023$77,000 · 0.24%
2022$12,713 · 0.04%
Similar plansWholesale Trade · Virginia
Lombart Brothers, Inc. VA$34.5M · 0.28%
Sonny Merryman, Inc. VA$33.2M · 0.36%
C & F Enterprises, Inc. VA$30.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540887040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.