Plan Ledger DOL Form 5500 · updated monthly

Torgeson Electric Co., Inc.401(k)

TORGESON ELECTRIC CO., INC. SALARY SAVINGS PLAN · TOPEKA, KS · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Torgeson Electric Co., Inc. reported $51,354 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $6,281 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 0.40%. 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 407th-largest of 828 plans among Kansas employers on file, and the 2,601st of 5,337 in construction. In 2024, the employer put in $1.48 for every $1.00 employees contributed themselves; active participation has grown from 120 to 138 since 2022.

Plan summary
Net assets, end of year$13,868,120
Participants with balances165
Active participants138
Employer contributions$866,754
Employee contributions$585,957
Employer contribution per active participant$6,281
Average account balance$84,049
Benefits paid to participants$861,743
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 165 accts · $867K emplr
2023$11.7M · 123 accts · $596K emplr
2022$9.4M · 139 accts · $756K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,224
Investment management$6,130
Total administrative$51,354
The Torgeson Electric Co., Inc. 401(k) match · 2024
Employer contribution per active participant$6,281
Median for plans this size$2,416
2024$6,281 per active participant
2023$5,847 per active participant
2022$6,297 per active participant

Torgeson Electric Co., Inc.'s 2024 employer contribution ran above the $2,416 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.

Service providers · 20243
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$6,130
CETERA ADVISORS LLCindirect comp

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$51,354 · 0.40%
2023$42,476 · 0.40%
2022$38,974 · 0.39%
All plans at this employer2
TORGESON ELECTRIC CO., INC. SALARY SAVINGS PLAN401(k)
TORGESON ELECTRIC COMPANY EMPLOYEE STOCK OWNERSHIP PLANESOP
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Conco Incorporated KS$14.8M · 0.62%
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Penny's Concrete, Inc. KS$13.5M · 0.52%
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Source: U.S. Department of Labor, Form 5500 series, EIN 480891707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.