401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$3M
Total assets Small plan by assets
30
Participants Small participant base
35th
Percentile by assets National rank
$98,050
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Ideal Electric 401(k) Plan · Sponsored by Ideal Electric Co., Inc. · Massachusetts · Utilities

$3M in assets, 30 participants

Ideal Electric Co., Inc.'s Ideal Electric 401(k) Plan reported $3M in total assets and 30 participants in its 2023 DOL Form 5500 filing, ranking in the 35th 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.

  • #81 in Utilities (721 peers)

Utilities sector rank

Within Utilities, Ideal Electric 401(k) Plan ranks #81 of 721 2023 filers by assets (18253% of the sector average)-$3M for 30 participants.

#81
in Utilities (721 peers)
-0.5%
assets change YoY

The plan reported a net loss of $16K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2023 · DOL Form 5500

$2,941,506 35th percentile higher than 35% of 127,068 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 2023

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

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ideal Electric 401(k) Plan is a small filing (30 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Ideal Electric 401(k) Plan reported participants rose from 12 in the plan year 2022 filing to 30 in the plan year 2023 filing.
  • Ideal Electric 401(k) Plan reported net income fell from $2M in the plan year 2022 filing to -$16K in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 260680129 · Ideal Electric Co., Inc. PY 2023 · 401(k)

Ideal Electric 401(k) Plan · $3M · 30 · 35th

  • TYPE $3M
  • NET 30
  • BOOK 35th
  • VS-ST 401(k)
  • BOY near Campbell-Brown, Inc. 401(k) Profit Sharing Plan
  • SCH ind #81

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$3MCampbell-Brown, Inc. 401(k) Profit Sharing PlanCampbell-Brown, Inc. 401(k) …$3MRanger Land Systems, Inc. Retirement PlanRanger Land Systems, Inc. Re…$3MAltitude Energy Partners 401(k) PlanAltitude Energy Partners 401…$3M403(b) Thrift Plan of Clinica Monsenor Oscar a. Romero403(b) Thrift Plan of Clinic…$3M
End-of-year total assets ($M) among Ideal Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utilities filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income-$16K
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. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Ideal Electric 401(k) Plan, Total assets ($B): 0.002941506 · Participants: 30Ideal Electric 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Ideal Electric 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Ideal Electric 401(k) Plan side-by-side with 3 peers →

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 Campbell-Brown, Inc. 401(k) Profit Sharing Plan in NC ($3M); by covered participants it is Hanna Plumbing & Supply Co Profit Sharing Plan in CA (30 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (30 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Ideal Electric 401(k) Plan held essentially flat - down 0.5% during 2023, from $3M to $3M. Reported net income was -$16K.
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 Campbell-Brown, Inc. 401(k) Profit Sharing Plan in NC ($3M, 27 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 Hanna Plumbing & Supply Co Profit Sharing Plan in CA (30 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 260680129.

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.