401(k) · DOL Form 5500 · 2022

Ideal Electric Co., Inc. 401(k) Plan

Data updated 2026-08-25

$3M
Total assets Small plan by assets
12
Participants Small participant base
40th
Percentile by assets National rank
$246,442
Avg per participant Above avg balance/head
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Official DOL plan name: Ideal Electric 401(k) Plan · Sponsored by Ideal Electric Co., Inc. · Massachusetts · Utilities

$3M in assets, 12 participants

Ideal Electric Co., Inc.'s Ideal Electric 401(k) Plan reported $3M in total assets and 12 participants in its 2022 DOL Form 5500 filing, ranking in the 40th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #109 in Utilities (738 peers)

Utilities sector rank

Within Utilities, Ideal Electric 401(k) Plan ranks #109 of 738 2022 filers by assets (18156% of the sector average)-$3M for 12 participants.

#109
in Utilities (738 peers)
+112.8%
assets growth YoY

Ideal Electric 401(k) Plan's mid-pack asset rank among Utilities and all filers

Ideal Electric 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$2,957,309 40th percentile higher than 40% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Ideal Electric 401(k) Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ideal Electric 401(k) Plan is a small filing (12 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 260680129 · Ideal Electric Co., Inc. PY 2022 · 401(k)

Ideal Electric 401(k) Plan · $3M · 12 · 40th

  • 5500 $3M
  • ASSETS 12
  • PCT 40th
  • EIN 401(k)
  • RANK near Platinum DB Consulting Inc 401(k) Profit Sharing Plan & Trust
  • PHOTO ind #109

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Utilities retirement plans → · Plans in Massachusetts →

Ideal Electric 401(k) Plan in the asset neighbourhood

Ideal Electric 401(k) Plan$3MPlatinum DB Consulting Inc 401(k) Profit Sharing Plan & TrustPlatinum DB Consulting Inc 4…$3MTeeny Foods Corp 401(k) Plan$3MNxtthing Rpo, LLC 401(k) Plan$3MBurwell Enterprises, LLC 401(k) PlanBurwell Enterprises, LLC 401…$3M
End-of-year total assets ($M) among Ideal Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Utilities filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$3M
Net Income$2M
Employer EIN260680129
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ideal Electric Co., Inc.)

Sponsor-wide plan assets over time

All Ideal Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 12.018865799955297% vs 2022
2024 filing year
$2.8M$3M$3.2M$3.4M 202220232024 $2.96M $3.31M ▲ +11.8%
Year Plans Participants Total Assets
2022 1 12 $3M
2023 1 30 $3M
2024 1 27 $3M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Ideal Electric 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Ideal Electric 401(k) Plan, Total assets ($B): 0.002957309 · Participants: 12Ideal Electric 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
Ideal Electric 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Ideal Electric 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Platinum DB Consulting Inc 401(k) Profit Sharing Plan & Trust in IL ($3M); by covered participants it is Snt Food and Beverage Retirement Plan in VA (12 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Ideal Electric 401(k) Plan assets move in 2022?
Ideal Electric 401(k) Plan surged - up 112.8% during 2022, from $1M to $3M. Reported net income was $2M.
How have Ideal Electric Co., Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Ideal Electric Co., Inc.'s sponsor-wide assets grew 12.0%, from $3M to $3M.
Which 401(k) plans are similar in size to Ideal Electric 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Platinum DB Consulting Inc 401(k) Profit Sharing Plan & Trust in IL ($3M, 11 participants).
Which 401(k) plans cover a similar participant headcount to Ideal Electric 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Snt Food and Beverage Retirement Plan in VA (12 participants, N/A in assets).