Plan Ledger DOL Form 5500 · updated monthly

Watts Electric Company401(k)

WATTS COMPANIES RETIREMENT PLAN · WAVERLY, NE · plan year 2024

Employer contribution per participant · 2024
$3,593

Watts Electric Company's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $9,292,314 across 152 participant accounts, with employer contributions averaging $3,593 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 Nebraska (378th of 565), and 3,200th of 5,337 in construction. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has shrunk from 145 to 110 since 2022.

Plan summary
Net assets, end of year$9,292,314
Participants with balances152
Active participants110
Employer contributions$395,220
Employee contributions$865,112
Employer contribution per active participant$3,593
Average account balance$61,134
Benefits paid to participants$1,323,082
Plan auditUnmodified (clean) audit opinion
AuditorBUCKLEY & SITZMAN, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 152 accts · $395K emplr
2023$8.2M · 179 accts · $371K emplr
2022$6.5M · 169 accts · $328K emplr
The Watts Electric Company 401(k) match · 2024
Employer contribution per active participant$3,593
Median for plans this size$1,313
2024$3,593 per active participant
2023$2,595 per active participant
2022$2,261 per active participant

Watts Electric Company's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
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Aoi Corporation NE$9.7M · 0.24%
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Bauer Underground, Inc. NE$7.2M · 0.96%
Snell Services, Inc. NE$6.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470731535 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.