Salem Electric Company, Inc401(k)

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

Salem Electric Company, Inc reported $67,312 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $4,080 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 3 years on file its reported administrative ratio has held roughly steady near 0.445%. 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 857th-largest of 2,005 plans among North Carolina employers on file, and the 2,400th of 5,337 in construction. In 2024, employees put in $1.37 for every $1.00 the employer contributed; active participation has grown from 147 to 164 since 2022.