401(k) · DOL Form 5500 · 2022

Watson Electrical Construction Co., LLC 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
719
Participants Below avg headcount
80th
Percentile by assets National rank
$33,593
Avg per participant Low balance/head
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Official DOL plan name: Watson Electrical 401(k) Plan · Sponsored by Watson Electrical Construction Co., LLC · North Carolina · Construction

$24M in assets, 719 participants

Watson Electrical Construction Co., LLC's Watson Electrical 401(k) Plan reported $24M in total assets and 719 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #7,853 in Construction (9,927 peers)

Where Watson Electrical 401(k) Plan sits by assets

Watson Electrical 401(k) Plan sits in the top quartile of all filed plans by assets, $24M for 719 participants (~$33,593/participant), down 14.6% in 2022.

#7,853
in Construction (9,927 peers)
-14.6%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Watson Electrical 401(k) Plan's outsized position by total assets

Watson Electrical 401(k) Plan vs every filed plan by assets

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

$24,153,210 Top 20% higher than 80% 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

Watson Electrical 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Watson Electrical 401(k) Plan sits mid-pack in the medium band (719 participants).

Published 5500 schedule card

Filing strip 611440043 · Watson Electrical Construction Co., LLC PY 2022 · 401(k)

Watson Electrical 401(k) Plan · $24M · 719 · 80th

  • PHOTO $24M
  • PHOTO 719
  • PHOTO 80th
  • PHOTO 401(k)
  • PHOTO near Lift-All Company, Inc. Profit Sharing Plan
  • PHOTO ind #7853

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 Construction retirement plans → · Plans in North Carolina →

Watson Electrical 401(k) Plan in the asset neighbourhood

George Petersen Insurance Agency, Inc. 401(k) PlanGeorge Petersen Insurance Ag…$24MGrant Regional Health Center Retirement PlanGrant Regional Health Center…$24MWatson Electrical 401(k) Plan$24MLift-All Company, Inc. Profit Sharing PlanLift-All Company, Inc. Profi…$24MUniversity Psychiatric Practice, Inc. Section 403(b) PlanUniversity Psychiatric Pract…$24M
End-of-year total assets ($M) among Watson Electrical 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$24M
Net Income-$4M
Employer EIN611440043
Plan Effective Date2003-02-26
Filing StatusFILING RECEIVED

Sponsor Plan History (Watson Electrical Construction Co., LLC)

Sponsor-wide plan assets over time

All Watson Electrical Construction Co., LLC plans reported in each filing year

Latest sponsor-wide plan assets
$24M 1.1712894476551978% vs 2022
2024 filing year
$22.5M$23M$23.5M$24M$24.5M 202220232024 $24.2M $23.9M ▼ -1.2%
Year Plans Participants Total Assets
2022 1 719 $24M
2023 1 476 $23M
2024 1 332 $24M

Nearby 401(k) Plans in North Carolina

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

Watson Electrical 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Watson Electrical 401(k) Plan, Total assets ($B): 0.02415321 · Participants: 719Watson Electrical 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Watson Electrical 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Watson Electrical 401(k) Plan side-by-side with 3 peers →

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

Outside North Carolina, the nearest 401(k) by assets is Lift-All Company, Inc. Profit Sharing Plan in PA ($24M); by covered participants it is Independent Healthcare Properties, LLC 401(k) Profit Sharing Plan in TN (719 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (719 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 Watson Electrical 401(k) Plan assets move in 2022? ▼
Watson Electrical 401(k) Plan pulled back noticeably - down 14.6% during 2022, from $28M to $24M. Reported net income was -$4M.
How have Watson Electrical Construction Co., LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Watson Electrical Construction Co., LLC's sponsor-wide assets declined 1.2%, from $24M to $24M.
Where does Watson Electrical 401(k) Plan rank by assets among Form 5500 filers? ▼
Watson Electrical 401(k) Plan ranks in the 80th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Watson Electrical 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Lift-All Company, Inc. Profit Sharing Plan in PA ($24M, 226 participants).
Which 401(k) plans cover a similar participant headcount to Watson Electrical 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Independent Healthcare Properties, LLC 401(k) Profit Sharing Plan in TN (719 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 611440043.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.