401(k) · DOL Form 5500 · 2024
Salem Electric Company 401(k) Plan
Data updated 2026-08-25
- $16M
- Total assets Small plan by assets
- 204
- Participants Below avg headcount
- 65th
- Percentile by assets National rank
- $76,221
- Avg per participant Below avg balance/head
Official DOL plan name: Salem Electric Co. Retirement Savings Plan · Sponsored by Salem Electric Company · North Carolina · Construction
$16M in assets, 204 participants
Salem Electric Company's Salem Electric Co. Retirement Savings Plan reported $16M in total assets and 204 participants in its 2024 DOL Form 5500 filing, ranking in the 65th 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.
- #5,777 in Construction (9,039 peers)
Coverage in North Carolina
Salem Electric Co. Retirement Savings Plan covers 204 participants in North Carolina, about 25% of the average North Carolina filer (state average ~819 per filing). Assets: $16M.
- #5,777
- in Construction (9,039 peers)
- +5.9%
- assets growth YoY
Salem Electric Co. Retirement Savings Plan's mid-pack asset rank among Construction and all filers
Salem Electric Co. Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$15,549,119 Top 35% higher than 65% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Salem Electric Co. Retirement Savings 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. Salem Electric Co. Retirement Savings Plan sits mid-pack in the medium band (204 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Salem Electric Co. Retirement Savings Plan reported net income fell from $2M in the plan year 2023 filing to $871K in the plan year 2024 filing.
- Salem Electric Co. Retirement Savings Plan reported participants rose from 147 in the plan year 2023 filing to 204 in the plan year 2024 filing.
- Salem Electric Co. Retirement Savings Plan end-of-year assets rose from $15M in the plan year 2023 filing to $16M in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 560633616 · Salem Electric Company PY 2024 · 401(k)
Salem Electric Co. Retirement Savings Plan · $16M · 204 · 65th
- ASSETS $16M
- PCT 204
- EIN 65th
- RANK 401(k)
- PHOTO near Aerin Medical Retirement Trust
- IND ind #5777
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 →
Salem Electric Co. Retirement Savings Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $15M |
|---|---|
| Net Assets (End of Year) | $16M |
| Net Income | $871K |
| Employer EIN | 560633616 |
| Plan Effective Date | 1994-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Salem Electric Company)
Sponsor-wide plan assets over time
All Salem Electric Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $16M 21.284668515290146% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 158 | $13M |
| 2023 | 1 | 147 | $15M |
| 2024 | 1 | 204 | $16M |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Salem Electric Co. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Aerin Medical Retirement Trust in TX ($16M); by covered participants it is S.W. Rodgers Co., Inc. 401(k)/Profit Sharing Plan in VA (204 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($16M here).
- Aerin Medical Retirement Trust (TX) $16M · 130
- The Innovative Plastics Retirement Savings Plan (NY) $16M · 93
- Spectrum Industries, Inc. 401(k) Profit Sharing Plan (WI) $16M · 177
- Blink Health 401(k) Plan (NY) $16M · 370
Similar participant headcount
Nearest other-state filings by covered participants (204 participants); asset peers above are excluded.
- S.W. Rodgers Co., Inc. 401(k)/Profit Sharing Plan (VA) 204 · 0 off
- Nappi Distributors, Inc. 401(k) Plan (ME) 204 · 0 off
- The Baltimore Life 401(k) Benefit Plan (MD) 204 · 0 off
- Teracom Services, LLC 401(k) Plan (AZ) 204 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.