401(k) · DOL Form 5500 · 2022

Taft Electric Company, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
157
Participants Small participant base
67th
Percentile by assets National rank
$70,327
Avg per participant Below avg balance/head
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Official DOL plan name: Taft Electric Company, Inc. 401(k) Profit Sharing Plan · Sponsored by Taft Electric Company, Inc. · California · Construction

$11M in assets, 157 participants

Taft Electric Company, Inc.'s Taft Electric Company, Inc. 401(k) Profit Sharing Plan reported $11M in total assets and 157 participants in its 2022 DOL Form 5500 filing, ranking in the 67th 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.

  • #6,599 in Construction (9,927 peers)

Coverage in California

Taft Electric Company, Inc. 401(k) Profit Sharing Plan covers 157 participants in California, about 25% of the average California filer (state average ~630 per filing). Assets: $11M.

#6,599
in Construction (9,927 peers)
-16.2%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Taft Electric Company, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

Taft Electric Company, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$11,041,364 Top 33% higher than 67% 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

Taft Electric Company, Inc. 401(k) Profit Sharing 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. Taft Electric Company, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (157 participants).

Plan-year Form 5500 strip

Filing strip 770007216 · Taft Electric Company, Inc. PY 2022 · 401(k)

Taft Electric Company, Inc. 401(k) Profit Sharing Plan · $11M · 157 · 67th

  • EOY $11M
  • EOY 157
  • EOY 67th
  • EOY 401(k)
  • EOY near Rainier Industries Ltd. 401(k) and Profit Sharing Plan
  • EOY ind #6599

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 California →

Taft Electric Company, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Taft Electric Company, Inc. 401(k) Profit Sharing PlanTaft Electric Company, Inc. …$11MRainier Industries Ltd. 401(k) and Profit Sharing PlanRainier Industries Ltd. 401(…$11MDavid S. Lapine, Inc. Profit Sharing and 401(k) PlanDavid S. Lapine, Inc. Profit…$11MClinton's Ditch Steelworkers 401(k) PlanClinton's Ditch Steelworkers…$11MHomespire Mortgage Corporation 401(k) Profit Sharing Plan and TruHomespire Mortgage Corporati…$11M
End-of-year total assets ($M) among Taft Electric Company, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$11M
Net Income-$2M
Employer EIN770007216
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Taft Electric Company, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$64M 32.42497541013574% vs 2022
2024 filing year
$45M$50M$55M$60M$65M$70M 202220232024 $48.3M $63.9M ▲ +32.4%
Year Plans Participants Total Assets
2022 2 321 $48M
2023 2 301 $57M
2024 2 275 $64M

Nearby 401(k) Plans in California

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

Taft Electric Company, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Taft Electric Company, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.011041364 · Participants: 157Taft Electric Company, Inc. 401(k) Profit Sharing PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings Plan
Taft Electric Company, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Taft Electric Company, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside California, the nearest 401(k) by assets is Rainier Industries Ltd. 401(k) and Profit Sharing Plan in WA ($11M); by covered participants it is We Transport Inc. Salaried 401(k) Plan in NY (157 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (157 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 Taft Electric Company, Inc. 401(k) Profit Sharing Plan assets move in 2022? ▼
Taft Electric Company, Inc. 401(k) Profit Sharing Plan declined sharply - down 16.2% during 2022, from $13M to $11M. Reported net income was -$2M.
How have Taft Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Taft Electric Company, Inc.'s sponsor-wide assets grew 32.4%, from $48M to $64M.
Which 401(k) plans are similar in size to Taft Electric Company, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rainier Industries Ltd. 401(k) and Profit Sharing Plan in WA ($11M, 251 participants).
Which 401(k) plans cover a similar participant headcount to Taft Electric Company, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is We Transport Inc. Salaried 401(k) Plan in NY (157 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 770007216.

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.