Plan Ledger DOL Form 5500 · updated monthly

Phased Right Incorporated dba Nei Electric Power Engineering, Inc.401(k)

NEI ELECTRIC POWER ENGINEERING, INC. 401(K) PROFIT SHARING PLAN · LAKEWOOD, CO · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Phased Right Incorporated dba Nei Electric Power Engineering, Inc. reported $46,554 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $4,407 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 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 479th-largest of 1,461 plans among Colorado employers on file, and the 5,164th of 11,654 in professional & technical services. In 2024, employees put in $1.97 for every $1.00 the employer contributed; active participation has grown from 218 to 295 since 2022.

Plan summary
Net assets, end of year$22,245,989
Participants with balances311
Active participants295
Employer contributions$1,299,997
Employee contributions$2,556,607
Employer contribution per active participant$4,407
Average account balance$71,531
Benefits paid to participants$1,161,359
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 311 accts · $1.3M emplr
2023$16.6M · 278 accts · $1.0M emplr
2022$10.9M · 210 accts · $720K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,338
Investment management$16,144
Total administrative$46,554
The Phased Right Incorporated dba Nei Electric Power Engineering, Inc. 401(k) match · 2024
Employer contribution per active participant$4,407
Median for plans this size$2,416
2024$4,407 per active participant
2023$3,650 per active participant
2022$3,304 per active participant

Phased Right Incorporated dba Nei Electric Power Engineering, 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
ACEC RETIREMENT TRUST$28,072
EMPOWER ADVISORY GROUP, LLC · Investment management$16,144

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$46,554 · 0.24%
2023$30,485 · 0.22%
2022$23,782 · 0.22%
Same employer
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Matrix Design Group, Inc. CO$21.7M · 0.38%
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Source: U.S. Department of Labor, Form 5500 series, EIN 840904970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.