V3 Electric 401(k) Plan

401(k) · DOL Form 5500 · 2024

What the Filing Says About V3 Electric 401(k) Plan

V3 Electric 401(k) Plan is a 401(k) retirement plan sponsored by V3 Electric Inc., headquartered in California. According to the U.S. Department of Labor's 2024 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 368 participants across the Utilities industry. The sponsor's EIN on file with the U.S. Department of Labor is 471628374, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets surged from $1M at the beginning of 2024 to $2M at year-end - up 50.9%. Net assets (after liabilities) closed the year at $2M, with reported net income of $594K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Across the 2 plan years V3 Electric Inc. has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $615K to $2M, a gain of 186.4%, while reported participants moved from 199 to 368 (+84.9%). Year-by-year, sponsor-wide filings show: 2022 - $615K in assets across 1 plan covering 199 participants; 2024 - $2M in assets across 1 plan covering 368 participants.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

How the percentile is calculated: we count every plan that filed a 2024 Form 5500 with a reported end-of-year asset figure (116,472 plans), rank V3 Electric 401(k) Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.