Springfield Electric Supply Company401(k)
SPRINGFIELD ELECTRIC SUPPLY COMPANY 401(K) PROFIT SHARING PLAN · SPRINGFIELD, IL · plan year 2022
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Springfield Electric Supply Company reported $17,664 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,303 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.
The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other wholesale trade employers. By assets it is the 782nd-largest of 3,702 plans among Illinois employers on file, and the 666th of 4,246 in wholesale trade. In 2022, employees put in $3.95 for every $1.00 the employer contributed.
Springfield Electric Supply Company's 2022 employer contribution ran below the $3,449 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 370739309 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.