Plan Ledger DOL Form 5500 · updated monthly

Energy Electric Co., Inc.401(k)

THE CONTRACTORS RETIREMENT PLAN · UXBRIDGE, MA · plan year 2024

Employer contribution per participant · 2024
$5,658

Energy Electric Co., Inc.'s 2024 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 $7,794,528 across 172 participant accounts, with employer contributions averaging $5,658 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Massachusetts (2,069th of 2,726), and 3,423rd of 5,337 in construction. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,794,528
Participants with balances172
Active participants133
Employer contributions$752,474
Employee contributions$512,750
Employer contribution per active participant$5,658
Average account balance$45,317
Benefits paid to participants$195,058
Plan auditUnmodified (clean) audit opinion
AuditorMORRIS & MORRIS PC
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 172 accts · $752K emplr
2023$6.1M · 151 accts · $270K emplr
2022$4.7M · 138 accts · $400K emplr
The Energy Electric Co., Inc. 401(k) match · 2024
Employer contribution per active participant$5,658
Median for plans this size$1,313
2024$5,658 per active participant
2023$2,521 per active participant
2022$2,800 per active participant

Energy Electric Co., Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
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Source: U.S. Department of Labor, Form 5500 series, EIN 050491721 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.