401(k) · DOL Form 5500 · 2024

Beacon Electric Company 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
117
Participants Small participant base
55th
Percentile by assets National rank
$82,974
Avg per participant Below avg balance/head
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Official DOL plan name: Beacon Electric Company Profit Sharing Plan · Sponsored by Beacon Electric Company · Ohio · Construction

$10M in assets, 117 participants

Beacon Electric Company's Beacon Electric Company Profit Sharing Plan reported $10M in total assets and 117 participants in its 2024 DOL Form 5500 filing, ranking in the 55th 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.

  • #4,838 in Construction (9,039 peers)

Coverage in Ohio

Beacon Electric Company Profit Sharing Plan covers 117 participants in Ohio, about 15% of the average Ohio filer (state average ~765 per filing). Assets: $10M.

#4,838
in Construction (9,039 peers)
+14.7%
assets growth YoY

Beacon Electric Company Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Beacon Electric Company Profit Sharing Plan vs every filed plan by assets

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

$9,708,008 Top 45% higher than 55% 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

Beacon Electric Company Profit Sharing 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. Beacon Electric Company Profit Sharing Plan sits mid-pack in the medium band (117 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Beacon Electric Company Profit Sharing Plan reported net income rose from $77K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Beacon Electric Company Profit Sharing Plan end-of-year assets rose from $8M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Beacon Electric Company Profit Sharing Plan reported participants rose from 111 in the plan year 2023 filing to 117 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 311058353 · Beacon Electric Company PY 2024 · 401(k)

Beacon Electric Company Profit Sharing Plan · $10M · 117 · 55th

  • VS-ST $10M
  • BOY 117
  • SCH 55th
  • EBSA 401(k)
  • PART near Union Bank 401(k)
  • TYPE ind #4838

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 →

Beacon Electric Company Profit Sharing Plan in the asset neighbourhood

Beacon Electric Company Profit Sharing PlanBeacon Electric Company Prof…$10MUnion Bank 401(k)$10MHowell Industries, Inc. 401(k) Profit Sharing PlanHowell Industries, Inc. 401(…$10MTulsa Medical Laboratory, LLC Profit Sharing PlanTulsa Medical Laboratory, LL…$10MThe Lake Doctors, Inc. Retirement Savings PlanThe Lake Doctors, Inc. Retir…$10M
End-of-year total assets ($M) among Beacon Electric Company Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$10M
Net Income$1M
Employer EIN311058353
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Beacon Electric Company)

Sponsor-wide plan assets over time

All Beacon Electric Company plans reported in each filing year

Latest sponsor-wide plan assets
$22M 146.11197416115925% vs 2022
2024 filing year
$5M$10M$15M$20M$25M 202220232024 $9.11M $22.4M ▲ +146.2%
Year Plans Participants Total Assets
2022 2 241 $9M
2023 2 220 $14M
2024 2 230 $22M

Nearby 401(k) Plans in Ohio

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

Beacon Electric Company Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Beacon Electric Company Profit Sharing Plan, Total assets ($B): 0.009708008 · Participants: 117Beacon Electric Company Profit Sharing PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Beacon Electric Company Profit Sharing Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Beacon Electric Company Profit Sharing Plan side-by-side with 3 peers →

Beacon Electric Company Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Union Bank 401(k) in AR ($10M); by covered participants it is Quality Beverage 401(k) Plan in MA (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 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 Beacon Electric Company Profit Sharing Plan assets move in 2024? ▼
Beacon Electric Company Profit Sharing Plan grew at a solid clip - up 14.7% during 2024, from $8M to $10M. Reported net income was $1M.
How have Beacon Electric Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Beacon Electric Company's sponsor-wide assets grew 146.1%, from $9M to $22M.
Which 401(k) plans are similar in size to Beacon Electric Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Union Bank 401(k) in AR ($10M, 126 participants).
Which 401(k) plans cover a similar participant headcount to Beacon Electric Company Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Quality Beverage 401(k) Plan in MA (117 participants, N/A 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 311058353.

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.