Shreveport Electrical Industry Profit Sharing PlanProfit-sharing plan
SHREVEPORT ELECTRICAL INDUSTRY PROFIT SHARING PLAN · GOODLETTSVILLE, TN · plan year 2024
Reported admin expense ratio · 2024
0.40%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Shreveport Electrical Industry Profit Sharing Plan reported $366,406 in plan administrative expenses for 2024: 0.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $11,735 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 0.53% to 0.40%. 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 172nd-largest of 1,496 plans among Tennessee employers on file, and the 639th of 5,337 in construction.
Plan summary
Net assets, end of year$94,921,907
Participants with balances916
Active participants541
Employer contributions$6,348,499
Employee contributions—
Employer contribution per active participant$11,735
Average account balance$103,627
Benefits paid to participants$3,292,437
Plan auditUnmodified (clean) audit opinion
AuditorDANIELS, IRWIN & AYLOR
Plan history3
Yearassets · accounts · employer contribution
2024$94.9M · 916 accts · $6.3M emplr
2023$87.5M · 877 accts · $5.6M emplr
2022$77.0M · 805 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,000
Investment management$257,949
Audit (IQPA)$17,425
Trustee / custodial$3,089
Total administrative$366,406
Employer contributions to the Shreveport Electrical Industry Profit Sharing Plan plan · 2024
Employer contribution per active participant$11,735
Median for plans this size$3,635
2024$11,735 per active participant
2023$10,701 per active participant
2022$9,628 per active participant
Shreveport Electrical Industry Profit Sharing Plan's 2024 employer contribution ran above the $3,635 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 721114759 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.