401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$2M
Total assets Small plan by assets
8
Participants Small participant base
33rd
Percentile by assets National rank
$301,318
Avg per participant High balance/head
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Official DOL plan name: Bay Electric 401(k) Plan for Salaried Employees · Sponsored by Bay Electric Co., Inc. · Virginia · Construction

$2M in assets, 8 participants

Bay Electric Co., Inc.'s Bay Electric 401(k) Plan for Salaried Employees reported $2M in total assets and 8 participants in its 2023 DOL Form 5500 filing, ranking in the 33rd 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.

  • #2,758 in Construction (9,030 peers)

2023 asset change

Bay Electric 401(k) Plan for Salaried Employees pulled back noticeably 13.3% in 2023 ($3M → $2M) for 8 participants.

#2,758
in Construction (9,030 peers)
-13.3%
assets change YoY

The plan reported a net loss of $371K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bay Electric 401(k) Plan for Salaried Employees among the smaller filed plans by assets

Bay Electric 401(k) Plan for Salaried Employees vs every filed plan by assets

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

$2,410,540 33rd percentile higher than 33% 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

Bay Electric 401(k) Plan for Salaried Employees among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bay Electric 401(k) Plan for Salaried Employees is a micro filing (8 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bay Electric 401(k) Plan for Salaried Employees reported net income rose from -$776K in the plan year 2022 filing to -$371K in the plan year 2023 filing.
  • Bay Electric 401(k) Plan for Salaried Employees reported participants fell from 10 in the plan year 2022 filing to 8 in the plan year 2023 filing.
  • Bay Electric 401(k) Plan for Salaried Employees end-of-year assets fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 540798874 · Bay Electric Co., Inc. PY 2023 · 401(k)

Bay Electric 401(k) Plan for Salaried Employees · $2M · 8 · 33rd

  • PHOTO $2M
  • IND 8
  • EOY 33rd
  • 5500 401(k)
  • ASSETS near Sh130 Concession Company, LLC 401(k) Plan
  • PCT ind #2758

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 Virginia →

Bay Electric 401(k) Plan for Salaried Employees in the asset neighbourhood

Bay Electric 401(k) Plan for Salaried EmployeesBay Electric 401(k) Plan for…$2MSh130 Concession Company, LLC 401(k) PlanSh130 Concession Company, LL…$2MViwintech Window & Door, Inc. 401(k) Retirement Savings PlanViwintech Window & Door, Inc…$2MDacar, Inc. Retirement Plan$2MHirschi Companies 401(k) Plan$2M
End-of-year total assets ($M) among Bay Electric 401(k) Plan for Salaried Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Bay Electric Co., Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Bay Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 8.66391891516007% vs 2022
2024 filing year
$4.2M$4.4M$4.6M$4.8M$5M 202220232024 $4.46M $4.84M ▲ +8.5%
Year Plans Participants Total Assets
2022 2 27 $4M
2023 2 22 $4M
2024 2 23 $5M

2023 asset-move particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$371K
Employer EIN540798874
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Virginia

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

Bay Electric 401(k) Plan for Salaried Employees vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Bay Electric 401(k) Plan for Salaried Employees, Total assets ($B): 0.00241054 · Participants: 8Bay Electric 401(k) Plan for Salaried EmployeesNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Bay Electric 401(k) Plan for Salaried Employees vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Bay Electric 401(k) Plan for Salaried Employees side-by-side with 3 peers →

Bay Electric 401(k) Plan for Salaried Employees's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Sh130 Concession Company, LLC 401(k) Plan in TX ($2M); by covered participants it is Burke Optometry, Inc. 401(k) Plan in CA (8 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (8 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 Bay Electric 401(k) Plan for Salaried Employees assets move in 2023? ▼
Bay Electric 401(k) Plan for Salaried Employees pulled back noticeably - down 13.3% during 2023, from $3M to $2M. Reported net income was -$371K.
How have Bay Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bay Electric Co., Inc.'s sponsor-wide assets grew 8.7%, from $4M to $5M.
Which 401(k) plans are similar in size to Bay Electric 401(k) Plan for Salaried Employees? ▼
Among 401(k) plans in other states, the closest by assets is Sh130 Concession Company, LLC 401(k) Plan in TX ($2M, 36 participants).
Which 401(k) plans cover a similar participant headcount to Bay Electric 401(k) Plan for Salaried Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Burke Optometry, Inc. 401(k) Plan in CA (8 participants, $263K 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 540798874.

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.