Plan Ledger DOL Form 5500 · updated monthly

Scott Electric Co.401(k)

SCOTT ELECTRIC CO. 401(K) & PROFIT SHARING PLAN · CORPUS CHRISTI, TX · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Scott Electric Co. reported $10,804 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $908 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 0.12% to 0.16%. 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 Texas (3,584th of 5,688), and 3,572nd of 5,337 in construction. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 120 to 136 since 2022.

Plan summary
Net assets, end of year$7,103,523
Participants with balances133
Active participants136
Employer contributions$123,440
Employee contributions$339,393
Employer contribution per active participant$908
Average account balance$53,410
Benefits paid to participants$509,598
Plan auditUnmodified (clean) audit opinion
AuditorCOLLIER, JOHNSON & WOODS, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 133 accts · $123K emplr
2023$6.5M · 135 accts · $128K emplr
2022$5.8M · 128 accts · $123K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,929
Total administrative$10,804
The Scott Electric Co. 401(k) match · 2024
Employer contribution per active participant$908
Median for plans this size$1,313
2024$908 per active participant
2023$1,053 per active participant
2022$1,022 per active participant

Scott Electric Co.'s 2024 employer contribution ran below 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.

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.

Administrative cost history3
2024$10,804 · 0.16%
2023$8,668 · 0.14%
2022$8,364 · 0.12%
Similar plansConstruction · Texas
Nexrev, LLC TX$7.2M · 0.81%
Casa Mechanical Services TX$7.1M · 0.02%
Southwest Cabinet Corp TX$7.1M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741229233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.