401(k) · DOL Form 5500 · 2022

Watson Electric Company, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
65
Participants Small participant base
46th
Percentile by assets National rank
$60,520
Avg per participant Low balance/head
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Official DOL plan name: Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan · Sponsored by Watson Electric Company, Inc. · North Carolina · Construction

$4M in assets, 65 participants

Watson Electric Company, Inc.'s Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan reported $4M in total assets and 65 participants in its 2022 DOL Form 5500 filing, ranking in the 46th 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.

  • #4,402 in Construction (9,927 peers)

Watson Electric Company, Inc. multi-year trail

Watson Electric Company, Inc.'s plans moved +25.4% in assets from 2022 to 2024; this filing shows Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan at $4M / 65 participants.

#4,402
in Construction (9,927 peers)
-11.2%
assets change YoY

The plan reported a net loss of $497K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan vs every filed plan by assets

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

$3,933,799 46th percentile higher than 46% 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 Electric Company Inc. Salary Deferral and Profit Sharing 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. Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan is a small filing (65 participants) on this national headcount ladder.

DOL schedule card

Filing strip 560813450 · Watson Electric Company, Inc. PY 2022 · 401(k)

Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan · $4M · 65 · 46th

  • ASSETS $4M
  • PCT 65
  • EIN 46th
  • RANK 401(k)
  • PHOTO near Fashionphile Group, LLC 401(k) Plan
  • IND ind #4402

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 Electric Company Inc. Salary Deferral and Profit Sharing Plan in the asset neighbourhood

Watson Electric Company Inc. Salary Deferral and Profit Sharing PlanWatson Electric Company Inc.…$4MFashionphile Group, LLC 401(k) PlanFashionphile Group, LLC 401(…$4MState Bank Northwest 401(k) Profit Sharing PlanState Bank Northwest 401(k) …$4MN Cell Systems Inc 401(k) PlanN Cell Systems Inc 401(k) Pl…$4MHanover Hill 401(k) Pension PlanHanover Hill 401(k) Pension …$4M
End-of-year total assets ($M) among Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Watson Electric Company, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Watson Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 25.417007833903053% vs 2022
2024 filing year
$3.5M$4M$4.5M$5M$5.5M 202220232024 $3.93M $4.93M ▲ +25.4%
Year Plans Participants Total Assets
2022 1 65 $4M
2023 1 79 $5M
2024 1 78 $5M

Watson Electric Company, Inc. filing trail (2022)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income-$497K
Employer EIN560813450
Plan Effective Date1977-11-21
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan, Total assets ($B): 0.003933799 · Participants: 65Watson Electric Company Inc. Salary Deferral and Profit Sharing 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 Electric Company Inc. Salary Deferral and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan side-by-side with 3 peers →

Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Fashionphile Group, LLC 401(k) Plan in CA ($4M); by covered participants it is Lwbj, LLP 401(k) Plan in IA (65 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Similar participant headcount

Nearest other-state filings by covered participants (65 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 Electric Company Inc. Salary Deferral and Profit Sharing Plan assets move in 2022? ▼
Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan pulled back noticeably - down 11.2% during 2022, from $4M to $4M. Reported net income was -$497K.
How have Watson Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Watson Electric Company, Inc.'s sponsor-wide assets grew 25.4%, from $4M to $5M.
Which 401(k) plans are similar in size to Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Fashionphile Group, LLC 401(k) Plan in CA ($4M, 248 participants).
Which 401(k) plans cover a similar participant headcount to Watson Electric Company Inc. Salary Deferral and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lwbj, LLP 401(k) Plan in IA (65 participants, N/A 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 560813450.

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.