401(k) · DOL Form 5500 · 2024

Watson Electrical Construction Co., LLC 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
332
Participants Below avg headcount
74th
Percentile by assets National rank
$71,899
Avg per participant Below avg balance/head
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Official DOL plan name: Watson Electrical 401(k) Plan · Sponsored by Watson Electrical Construction Co., LLC · North Carolina · Construction

$24M in assets, 332 participants

Watson Electrical Construction Co., LLC's Watson Electrical 401(k) Plan reported $24M in total assets and 332 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • #6,530 in Construction (9,039 peers)

Coverage in North Carolina

Watson Electrical 401(k) Plan covers 332 participants in North Carolina, about 41% of the average North Carolina filer (state average ~819 per filing). Assets: $24M.

#6,530
in Construction (9,039 peers)
+3.4%
assets growth YoY

Watson Electrical 401(k) Plan's outsized position by total assets

Watson Electrical 401(k) Plan vs every filed plan by assets

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

$23,870,306 Top 26% higher than 74% 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

Watson Electrical 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. Watson Electrical 401(k) Plan sits mid-pack in the medium band (332 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Watson Electrical 401(k) Plan reported net income rose from -$1M in the plan year 2023 filing to $795K in the plan year 2024 filing.
  • Watson Electrical 401(k) Plan reported participants fell from 476 in the plan year 2023 filing to 332 in the plan year 2024 filing.
  • Watson Electrical 401(k) Plan end-of-year assets rose from $23M in the plan year 2023 filing to $24M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 611440043 · Watson Electrical Construction Co., LLC PY 2024 · 401(k)

Watson Electrical 401(k) Plan · $24M · 332 · 74th

  • PART $24M
  • TYPE 332
  • NET 74th
  • BOOK 401(k)
  • VS-ST near Optinose 401(k) Plan
  • BOY ind #6530

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 →

Watson Electrical 401(k) Plan in the asset neighbourhood

Watson Electrical 401(k) Plan$24MOptinose 401(k) Plan$24MNvfs 401(k) Plan$24MThe Challenge Printing Co. 401(k) Profit Sharing PlanThe Challenge Printing Co. 4…$24MMedical Associates of Rhode Island, Inc. 401(k) PlanMedical Associates of Rhode …$24M
End-of-year total assets ($M) among Watson Electrical 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$24M
Net Income$795K
Employer EIN611440043
Plan Effective Date2003-02-26
Filing StatusFILING RECEIVED

Sponsor Plan History (Watson Electrical Construction Co., LLC)

Sponsor-wide plan assets over time

All Watson Electrical Construction Co., LLC plans reported in each filing year

Latest sponsor-wide plan assets
$24M 1.1712894476551978% vs 2022
2024 filing year
$22.5M$23M$23.5M$24M$24.5M 202220232024 $24.2M $23.9M ▼ -1.2%
Year Plans Participants Total Assets
2022 1 719 $24M
2023 1 476 $23M
2024 1 332 $24M

Nearby 401(k) Plans in North Carolina

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

Watson Electrical 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Watson Electrical 401(k) Plan, Total assets ($B): 0.023870306 · Participants: 332Watson Electrical 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Watson Electrical 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Watson Electrical 401(k) Plan side-by-side with 3 peers →

Watson Electrical 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Optinose 401(k) Plan in PA ($24M); by covered participants it is Preservation Management, Inc. 401(k) Profit Sharing Plan in ME (332 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Similar participant headcount

Nearest other-state filings by covered participants (332 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 Watson Electrical 401(k) Plan assets move in 2024? ▼
Watson Electrical 401(k) Plan edged up modestly - up 3.4% during 2024, from $23M to $24M. Reported net income was $795K.
How have Watson Electrical Construction Co., LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Watson Electrical Construction Co., LLC's sponsor-wide assets declined 1.2%, from $24M to $24M.
Which 401(k) plans are similar in size to Watson Electrical 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Optinose 401(k) Plan in PA ($24M, 128 participants).
Which 401(k) plans cover a similar participant headcount to Watson Electrical 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Preservation Management, Inc. 401(k) Profit Sharing Plan in ME (332 participants, $8M 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 611440043.

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.