Plan Ledger DOL Form 5500 · updated monthly

Ferguson Electric Company Inc.401(k)

FERGUSON ELECTRIC COMPANY INC. PREVAILING WAGE/401(K) PLAN · PLAINVILLE, CT · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Ferguson Electric Company Inc. reported $157,199 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $28,491 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 fell from 0.56% to 0.32%. 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 296th-largest of 1,106 plans among Connecticut employers on file, and the 1,009th of 5,337 in construction. In 2024, the employer put in $6.89 for every $1.00 employees contributed themselves; active participation has grown from 186 to 241 since 2022.

Plan summary
Net assets, end of year$53,069,033
Participants with balances374
Active participants241
Employer contributions$6,866,438
Employee contributions$996,993
Employer contribution per active participant$28,491
Average account balance$141,896
Benefits paid to participants$4,333,506
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$53.1M · 374 accts · $6.9M emplr
2023$44.4M · 364 accts · $4.8M emplr
2022$36.1M · 307 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$157,199
Total administrative$157,199
The Ferguson Electric Company Inc. 401(k) match · 2024
Employer contribution per active participant$28,491
Median for plans this size$2,416
2024$28,491 per active participant
2023$19,142 per active participant
2022$23,999 per active participant

Ferguson Electric Company 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 · 20243
ALLIANT RETIREMENT SERVCICES INC.$76,611
MARCUM LLP · Accounting / audit$25,493

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$157,199 · 0.32%
2023$156,474 · 0.39%
2022$204,384 · 0.56%
Same employer
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Phalcon LTD. CT$73.5M · 0.13%
O & G Industries, Inc. CT$51.8M · 0.12%
Gemma Power Systems, LLC CT$46.4M · 0.28%
Manafort Brothers, Inc. CT$39.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060839579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.