401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$3M
Total assets Small plan by assets
27
Participants Small participant base
35th
Percentile by assets National rank
$122,694
Avg per participant Near 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, 27 participants

Ideal Electric Co., Inc.'s Ideal Electric 401(k) Plan reported $3M in total assets and 27 participants in its 2024 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.

  • #91 in Utilities (732 peers)

Utilities sector rank

Within Utilities, Ideal Electric 401(k) Plan ranks #91 of 732 2024 filers by assets (16208% of the sector average)-$3M for 27 participants.

#91
in Utilities (732 peers)
+12.6%
assets growth YoY

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 2024 · DOL Form 5500

$3,312,744 35th percentile higher than 35% of 123,620 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 2024

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

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Ideal Electric 401(k) Plan is a small filing (27 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Ideal Electric 401(k) Plan reported net income rose from -$16K in the plan year 2023 filing to $371K in the plan year 2024 filing.
  • Ideal Electric 401(k) Plan end-of-year assets rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Ideal Electric 401(k) Plan reported participants fell from 30 in the plan year 2023 filing to 27 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 260680129 · Ideal Electric Co., Inc. PY 2024 · 401(k)

Ideal Electric 401(k) Plan · $3M · 27 · 35th

  • EIN $3M
  • RANK 27
  • PHOTO 35th
  • IND 401(k)
  • EOY near Beowulf Energy LLC 401(k) Plan
  • 5500 ind #91

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$3MBeowulf Energy LLC 401(k) PlanBeowulf Energy LLC 401(k) Pl…$3MImpact Rto Holdings LLC 401(k) Profit Sharing Plan & TrustImpact Rto Holdings LLC 401(…$3MSouth Texas Community Living Corporation 401(k) PlanSouth Texas Community Living…$3MCable Dahmer Chevrolet Union Represented Employees 401(k) PlanCable Dahmer Chevrolet Union…$3M
End-of-year total assets ($M) among Ideal Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Utilities filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$3M
Net Income$371K
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): 0.003312744 · Participants: 27Ideal Electric 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
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 Beowulf Energy LLC 401(k) Plan in NY ($3M); by covered participants it is Allen Searcy Builder-Contractor, Inc. 401(k) Retirement Plan in TN (27 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (27 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Ideal Electric 401(k) Plan grew at a solid clip - up 12.6% during 2024, from $3M to $3M. Reported net income was $371K.
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 Beowulf Energy LLC 401(k) Plan in NY ($3M, 26 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 Allen Searcy Builder-Contractor, Inc. 401(k) Retirement Plan in TN (27 participants, $890K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.