401(k) · DOL Form 5500 · 2023

Area Energy & Electric, Inc. 401(k) Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
353
Participants Below avg headcount
81st
Percentile by assets National rank
$96,303
Avg per participant Below avg balance/head
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Official DOL plan name: Area Energy & Electric, Inc. Profit Sharing Plan · Sponsored by Area Energy & Electric, Inc. · Ohio · Construction

$34M in assets, 353 participants

Area Energy & Electric, Inc.'s Area Energy & Electric, Inc. Profit Sharing Plan reported $34M in total assets and 353 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #7,154 in Construction (9,030 peers)

Coverage in Ohio

Area Energy & Electric, Inc. Profit Sharing Plan covers 353 participants in Ohio, about 46% of the average Ohio filer (state average ~765 per filing). Assets: $34M.

#7,154
in Construction (9,030 peers)
+17.5%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Area Energy & Electric, Inc. Profit Sharing Plan's outsized position by total assets

Area Energy & Electric, Inc. Profit Sharing Plan vs every filed plan by assets

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

$33,995,023 Top 19% higher than 81% 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

Area Energy & Electric, Inc. Profit Sharing 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. Area Energy & Electric, Inc. Profit Sharing Plan sits mid-pack in the medium band (353 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Area Energy & Electric, Inc. Profit Sharing Plan reported net income rose from -$556K in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Area Energy & Electric, Inc. Profit Sharing Plan end-of-year assets rose from $29M in the plan year 2022 filing to $34M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 341403836 · Area Energy & Electric, Inc. PY 2023 · 401(k)

Area Energy & Electric, Inc. Profit Sharing Plan · $34M · 353 · 81st

  • EIN $34M
  • RANK 353
  • PHOTO 81st
  • IND 401(k)
  • EOY near Car Sound Exhaust System, Inc. 401(k) Profit Sharing Plan
  • 5500 ind #7154

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 Ohio →

Area Energy & Electric, Inc. Profit Sharing Plan in the asset neighbourhood

Area Energy & Electric, Inc. Profit Sharing PlanArea Energy & Electric, Inc.…$34MEcore International 401(k) PlanEcore International 401(k) P…$34MPraxis Medical Group 401(k) PlanPraxis Medical Group 401(k) …$34MCar Sound Exhaust System, Inc. 401(k) Profit Sharing PlanCar Sound Exhaust System, In…$34MFirst Choice Health Network, Inc 401(k) PlanFirst Choice Health Network,…$34M
End-of-year total assets ($M) among Area Energy & Electric, Inc. Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$34M
Net Income$5M
Employer EIN341403836
Plan Effective Date1984-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Area Energy & Electric, Inc.)

Sponsor-wide plan assets over time

All Area Energy & Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$39M 33.277664308138924% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $28.9M $38.6M ▲ +33.3%
Year Plans Participants Total Assets
2022 1 356 $29M
2023 1 353 $34M
2024 1 365 $39M

Nearby 401(k) Plans in Ohio

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

Area Energy & Electric, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Area Energy & Electric, Inc. Profit Sharing Plan, Total assets ($B): 0.033995023 · Participants: 353Area Energy & Electric, Inc. Profit Sharing PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Area Energy & Electric, Inc. Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Area Energy & Electric, Inc. Profit Sharing Plan side-by-side with 3 peers →

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

Outside Ohio, the nearest 401(k) by assets is Car Sound Exhaust System, Inc. 401(k) Profit Sharing Plan in CA ($34M); by covered participants it is Elementia USA LLC Retirement Plan in TX (353 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (353 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 Area Energy & Electric, Inc. Profit Sharing Plan assets move in 2023? ▼
Area Energy & Electric, Inc. Profit Sharing Plan grew sharply - up 17.5% during 2023, from $29M to $34M. Reported net income was $5M.
How have Area Energy & Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Area Energy & Electric, Inc.'s sponsor-wide assets grew 33.3%, from $29M to $39M.
Where does Area Energy & Electric, Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Area Energy & Electric, Inc. Profit Sharing Plan ranks in the 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Area Energy & Electric, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Car Sound Exhaust System, Inc. 401(k) Profit Sharing Plan in CA ($34M, 346 participants).
Which 401(k) plans cover a similar participant headcount to Area Energy & Electric, Inc. Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Elementia USA LLC Retirement Plan in TX (353 participants, $10M 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 341403836.

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.