401(k) · DOL Form 5500 · 2024

Bay Electric Co., Inc. 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
16
Participants Small participant base
30th
Percentile by assets National rank
$132,094
Avg per participant Near avg balance/head
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Official DOL plan name: Bay Electric 401(k) Plan for Hourly Employees · Sponsored by Bay Electric Co., Inc. · Virginia · Construction

$2M in assets, 16 participants

Bay Electric Co., Inc.'s Bay Electric 401(k) Plan for Hourly Employees reported $2M in total assets and 16 participants in its 2024 DOL Form 5500 filing, ranking in the 30th 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.

  • #2,581 in Construction (9,039 peers)

What the 2024 filing shows

Bay Electric 401(k) Plan for Hourly Employees holds $2M for 16 participants - about $132,094 per participant, in the lower half of filed plans by assets.

#2,581
in Construction (9,039 peers)
+6.9%
assets growth YoY

Bay Electric 401(k) Plan for Hourly Employees among the smaller filed plans by assets

Bay Electric 401(k) Plan for Hourly Employees vs every filed plan by assets

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

$2,113,510 30th percentile higher than 30% 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

Bay Electric 401(k) Plan for Hourly Employees among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bay Electric 401(k) Plan for Hourly Employees is a small filing (16 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bay Electric 401(k) Plan for Hourly Employees reported net income fell from $300K in the plan year 2023 filing to $137K in the plan year 2024 filing.
  • Bay Electric 401(k) Plan for Hourly Employees reported participants rose from 14 in the plan year 2023 filing to 16 in the plan year 2024 filing.
  • Bay Electric 401(k) Plan for Hourly Employees end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 540798874 · Bay Electric Co., Inc. PY 2024 · 401(k)

Bay Electric 401(k) Plan for Hourly Employees · $2M · 16 · 30th

  • EBSA $2M
  • EBSA 16
  • EBSA 30th
  • EBSA 401(k)
  • EBSA near Dandelion Chocolate 401(k) Plan
  • EBSA ind #2581

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 Virginia →

Bay Electric 401(k) Plan for Hourly Employees in the asset neighbourhood

Bay Electric 401(k) Plan for Hourly EmployeesBay Electric 401(k) Plan for…$2MDandelion Chocolate 401(k) PlanDandelion Chocolate 401(k) P…$2MFlash Funding, LLC Group 401(k) Profit Sharing Plan and TrustFlash Funding, LLC Group 401…$2MIrbs Corporation Profit Sharing PlanIrbs Corporation Profit Shar…$2MCelebree Learning Centers 401(k) Retirement Savings PlanCelebree Learning Centers 40…$2M
End-of-year total assets ($M) among Bay Electric 401(k) Plan for Hourly Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$137K
Employer EIN540798874
Plan Effective Date2008-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bay Electric Co., Inc.)

Sponsor-wide plan assets over time

All Bay Electric Co., Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$5M 8.66391891516007% vs 2022
2024 filing year
$4.2M$4.4M$4.6M$4.8M$5M 202220232024 $4.46M $4.84M ▲ +8.5%
Year Plans Participants Total Assets
2022 2 27 $4M
2023 2 22 $4M
2024 2 23 $5M

Nearby 401(k) Plans in Virginia

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

Bay Electric 401(k) Plan for Hourly Employees vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Bay Electric 401(k) Plan for Hourly Employees, Total assets ($B): 0.00211351 · Participants: 16Bay Electric 401(k) Plan for Hourly EmployeesNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Bay Electric 401(k) Plan for Hourly Employees vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Bay Electric 401(k) Plan for Hourly Employees side-by-side with 3 peers →

Bay Electric 401(k) Plan for Hourly Employees's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Dandelion Chocolate 401(k) Plan in CA ($2M); by covered participants it is I. Schumann & Co. LLC 401(k) Profit Sharing Plan & Trust in OH (16 participants). Same-state nearby plans are listed separately above.

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 Bay Electric 401(k) Plan for Hourly Employees assets move in 2024? ▼
Bay Electric 401(k) Plan for Hourly Employees grew at a solid clip - up 6.9% during 2024, from $2M to $2M. Reported net income was $137K.
How have Bay Electric Co., Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bay Electric Co., Inc.'s sponsor-wide assets grew 8.7%, from $4M to $5M.
Which 401(k) plans are similar in size to Bay Electric 401(k) Plan for Hourly Employees? ▼
Among 401(k) plans in other states, the closest by assets is Dandelion Chocolate 401(k) Plan in CA ($2M, 89 participants).
Which 401(k) plans cover a similar participant headcount to Bay Electric 401(k) Plan for Hourly Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is I. Schumann & Co. LLC 401(k) Profit Sharing Plan & Trust in OH (16 participants, $4M 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 540798874.

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.