New River Electrical CorporationESOP
NEW RIVER ELECTRICAL CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN · CLOVERDALE, VA · plan year 2024
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
New River Electrical Corporation reported $5,000 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,624 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 0.001% to 0.002%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other construction employers. By assets it is the 113th-largest of 2,266 plans among Virginia employers on file, and the 223rd of 5,337 in construction.
New River Electrical Corporation's 2024 employer contribution ran above the $4,294 median for plans its size. 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 540562496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.