Oak Electric Service Inc401(k)
OAK ELECTRIC SERVICE INC EMPLOYEES 401(K) PROFIT SHARING PLAN · WATERFORD, MI · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Oak Electric Service Inc reported $41,596 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,924 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.
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 Michigan (1,972nd of 2,619), and 3,914th of 5,337 in construction. In 2024, employees put in $1.15 for every $1.00 the employer contributed.
Oak Electric Service Inc's 2024 employer contribution ran above the $1,313 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 383493492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.