Plan Ledger DOL Form 5500 · updated monthly

Prairie Electric, Inc.401(k)

PRAIRIE ELECTRIC, INC. PROFIT SHARING AND 401(K) SALARY DEFERRAL PLAN · RIDGEFIELD, WA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Prairie Electric, Inc. reported $254,676 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,539 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 0.45% to 0.39%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 254th-largest of 1,714 plans among Washington employers on file, and the 837th of 5,337 in construction. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$69,008,292
Participants with balances562
Active participants403
Employer contributions$2,232,271
Employee contributions$2,155,296
Employer contribution per active participant$5,539
Average account balance$122,791
Benefits paid to participants$4,588,924
Plan auditUnmodified (clean) audit opinion
AuditorBARRETT & COMPANY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$69.0M · 562 accts · $2.2M emplr
2023$60.6M · 584 accts · $1.8M emplr
2022$48.0M · 588 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,373
Investment management$151,411
Total administrative$254,676
The Prairie Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$5,539
Median for plans this size$3,635
2024$5,539 per active participant
2023$4,130 per active participant
2022$4,000 per active participant

Prairie Electric, Inc.'s 2024 employer contribution ran above the $3,635 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.

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 · 20244
FIRST PACIFIC FINANCIAL INC · Investment advisory (plan)$137,860
PENSION PLAN SPECIALISTS, PC · Contract administrator$27,401
EMPOWER ADVISORY GROUP, LLC · Investment management$13,551

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$254,676 · 0.39%
2023$230,277 · 0.42%
2022$200,802 · 0.45%
Same employer
Similar plansConstruction · Washington
Lakeside Industries Inc. WA$89.2M · 0.03%
W. Lease Lewis Company WA$72.5M · 0.05%
Apollo, Inc. WA$71.7M · 0.31%
Ats Automation, Inc. WA$63.9M · 0.06%
Graham Group (US) Inc. WA$58.3M · 0.35%
W.G. Clark Construction Co. WA$56.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911279815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.