401(k) · DOL Form 5500 · 2024

1st Electric Contractors, Inc. 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
125
Participants Small participant base
45th
Percentile by assets National rank
$47,017
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: 1st Electric 401(k) Plan · Sponsored by 1st Electric Contractors, Inc. · Colorado · Construction

$6M in assets, 125 participants

1st Electric Contractors, Inc.'s 1st Electric 401(k) Plan reported $6M in total assets and 125 participants in its 2024 DOL Form 5500 filing, ranking in the 45th 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.

  • #3,937 in Construction (9,039 peers)

Coverage in Colorado

1st Electric 401(k) Plan covers 125 participants in Colorado, about 33% of the average Colorado filer (state average ~376 per filing). Assets: $6M.

#3,937
in Construction (9,039 peers)
+23.9%
assets growth YoY

1st Electric 401(k) Plan's mid-pack asset rank among Construction and all filers

1st Electric 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$5,877,079 45th percentile higher than 45% 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

1st Electric 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. 1st Electric 401(k) Plan sits mid-pack in the medium band (125 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 1st Electric 401(k) Plan reported net income rose from $414K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • 1st Electric 401(k) Plan reported participants rose from 96 in the plan year 2023 filing to 125 in the plan year 2024 filing.
  • 1st Electric 401(k) Plan end-of-year assets rose from $5M in the plan year 2023 filing to $6M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 205021990 · 1st Electric Contractors, Inc. PY 2024 · 401(k)

1st Electric 401(k) Plan · $6M · 125 · 45th

  • BOY $6M
  • BOY 125
  • BOY 45th
  • BOY 401(k)
  • BOY near The Mayflower Retirement Community, Inc. 403(b) Plan
  • BOY ind #3937

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 Colorado →

1st Electric 401(k) Plan in the asset neighbourhood

1st Electric 401(k) Plan$6MThe Mayflower Retirement Community, Inc. 403(b) PlanThe Mayflower Retirement Com…$6MSunland Park Racetrack and Casino 401(k) PlanSunland Park Racetrack and C…$6MVygon Corporation 401(k) Plan$6MSafrans Supermarket Revised Retirement Plan and TrustSafrans Supermarket Revised …$6M
End-of-year total assets ($M) among 1st Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Colorado filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$1M
Employer EIN205021990
Plan Effective Date2003-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (1st Electric Contractors, Inc.)

Sponsor-wide plan assets over time

All 1st Electric Contractors, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$6M 35.75765009600157% vs 2022
2024 filing year
$4M$4.5M$5M$5.5M$6M$6.5M 202220232024 $4.33M $5.88M ▲ +35.8%
Year Plans Participants Total Assets
2022 1 77 $4M
2023 1 96 $5M
2024 1 125 $6M

Nearby 401(k) Plans in Colorado

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

1st Electric 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -1012345 Total assets ($B) Participants 1st Electric 401(k) Plan, Total assets ($B): 0.005877079 · Participants: 1251st Electric 401(k) PlanDavita Retirement Savings Plan, Total assets ($B): 3.81412558 · Participants: 57900Davita Retirement Savings PlanBall Corporation 401(k) and Employee Stock Ownership Plan, Total assets ($B): 2.319532435 · Participants: 9935Ball Corporation 401(k) and Employee Stock Ownership PlanArcadis U.S., Inc. Retirement Savings Plan, Total assets ($B): 2.259964434 · Participants: 7607Arcadis U.S., Inc. Retirement Savings PlanEmpower Retirement, LLC 401(k) Savings Plan, Total assets ($B): 2.234179481 · Participants: 10185Empower Retirement, LLC 401(k) Savings PlanWoodward Retirement Savings Plan, Total assets ($B): 1.965265264 · Participants: 6210Woodward Retirement Savings Plan
1st Electric 401(k) Plan vs. nearby 401(k) plans in Colorado, assets vs. participants

1st Electric 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Colorado, the nearest 401(k) by assets is The Mayflower Retirement Community, Inc. 403(b) Plan in FL ($6M); by covered participants it is Portland Forge Interim Manufacturing Plan in IN (125 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (125 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 1st Electric 401(k) Plan assets move in 2024?
1st Electric 401(k) Plan grew sharply - up 23.9% during 2024, from $5M to $6M. Reported net income was $1M.
How have 1st Electric Contractors, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), 1st Electric Contractors, Inc.'s sponsor-wide assets grew 35.8%, from $4M to $6M.
Which 401(k) plans are similar in size to 1st Electric 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is The Mayflower Retirement Community, Inc. 403(b) Plan in FL ($6M, 337 participants).
Which 401(k) plans cover a similar participant headcount to 1st Electric 401(k) Plan?
Among 401(k) plans in other states, the closest by covered participants is Portland Forge Interim Manufacturing Plan in IN (125 participants, $2M in assets).