401(k) · DOL Form 5500 · 2023

Salem Electric Company, Inc 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
147
Participants Small participant base
67th
Percentile by assets National rank
$99,848
Avg per participant Below avg balance/head
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Official DOL plan name: Salem Electric Company Retirement Savings Plan · Sponsored by Salem Electric Company, Inc · North Carolina · Construction

$15M in assets, 147 participants

Salem Electric Company, Inc's Salem Electric Company Retirement Savings Plan reported $15M in total assets and 147 participants in its 2023 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.

  • #5,910 in Construction (9,030 peers)

Coverage in North Carolina

Salem Electric Company Retirement Savings Plan covers 147 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $15M.

#5,910
in Construction (9,030 peers)
+14.5%
assets growth YoY

Salem Electric Company Retirement Savings Plan's outsized position by total assets

Salem Electric Company Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$14,677,728 Top 33% higher than 67% 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

Salem Electric Company Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Electric Company Retirement Savings Plan sits mid-pack in the medium band (147 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Salem Electric Company Retirement Savings Plan reported net income rose from -$4M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Salem Electric Company Retirement Savings Plan end-of-year assets rose from $13M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • Salem Electric Company Retirement Savings Plan reported participants fell from 158 in the plan year 2022 filing to 147 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 560633616 · Salem Electric Company, Inc PY 2023 · 401(k)

Salem Electric Company Retirement Savings Plan · $15M · 147 · 67th

  • ASSETS $15M
  • ASSETS 147
  • ASSETS 67th
  • ASSETS 401(k)
  • ASSETS near The Dinex Group, LLC 401 (K) Plan
  • ASSETS ind #5910

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 →

Salem Electric Company Retirement Savings Plan in the asset neighbourhood

Salem Electric Company Retirement Savings PlanSalem Electric Company Retir…$15MThe Dinex Group, LLC 401 (K) PlanThe Dinex Group, LLC 401 (K)…$15MSourcebooks, LLC 401(k) Plan$15MItc Infotech (USA), Inc. 401(k) PlanItc Infotech (USA), Inc. 401…$15MAlabama Pediatric Dental Associates and Orthodontics 401(k) Plan & TrustAlabama Pediatric Dental Ass…$15M
End-of-year total assets ($M) among Salem Electric Company Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$15M
Net Income$2M
Employer EIN560633616
Plan Effective Date1994-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Salem Electric Company, Inc)

Sponsor-wide plan assets over time

All Salem Electric Company, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$16M 21.284668515290146% vs 2022
2024 filing year
$12M$13M$14M$15M$16M 202220232024 $12.8M $15.6M ▲ +21.3%
Year Plans Participants Total Assets
2022 1 158 $13M
2023 1 147 $15M
2024 1 204 $16M

Nearby 401(k) Plans in North Carolina

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

Salem Electric Company Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Salem Electric Company Retirement Savings Plan, Total assets ($B): 0.014677728 · Participants: 147Salem Electric Company Retirement Savings PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Salem Electric Company Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Salem Electric Company Retirement Savings Plan side-by-side with 3 peers →

Salem Electric Company Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is The Dinex Group, LLC 401 (K) Plan in NY ($15M); by covered participants it is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants). Same-state nearby plans are listed separately above.

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 Salem Electric Company Retirement Savings Plan assets move in 2023? ▼
Salem Electric Company Retirement Savings Plan grew at a solid clip - up 14.5% during 2023, from $13M to $15M. Reported net income was $2M.
How have Salem Electric Company, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem Electric Company, Inc's sponsor-wide assets grew 21.3%, from $13M to $16M.
Which 401(k) plans are similar in size to Salem Electric Company Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Dinex Group, LLC 401 (K) Plan in NY ($15M, 359 participants).
Which 401(k) plans cover a similar participant headcount to Salem Electric Company Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants, $7M 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 560633616.

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.