401(k) · DOL Form 5500 · 2024

Adams Electric Company, Inc. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
367
Participants Below avg headcount
62nd
Percentile by assets National rank
$37,085
Avg per participant Low balance/head
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Official DOL plan name: Adams Electric Company, Inc. 401(k) Retirement Plan · Sponsored by Adams Electric Company, Inc. · North Carolina · Wholesale Trade

$14M in assets, 367 participants

Adams Electric Company, Inc.'s Adams Electric Company, Inc. 401(k) Retirement Plan reported $14M in total assets and 367 participants in its 2024 DOL Form 5500 filing, ranking in the 62nd 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.

  • #3,344 in Wholesale Trade (6,080 peers)

Coverage in North Carolina

Adams Electric Company, Inc. 401(k) Retirement Plan covers 367 participants in North Carolina, about 45% of the average North Carolina filer (state average ~819 per filing). Assets: $14M.

#3,344
in Wholesale Trade (6,080 peers)
+18.5%
assets growth YoY

Adams Electric Company, Inc. 401(k) Retirement Plan's mid-pack asset rank among Wholesale Trade and all filers

Adams Electric Company, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$13,610,289 Top 38% higher than 62% 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

Adams Electric Company, Inc. 401(k) Retirement 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. Adams Electric Company, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (367 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Adams Electric Company, Inc. 401(k) Retirement Plan reported net income rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Adams Electric Company, Inc. 401(k) Retirement Plan reported participants rose from 306 in the plan year 2023 filing to 367 in the plan year 2024 filing.
  • Adams Electric Company, Inc. 401(k) Retirement Plan end-of-year assets rose from $11M in the plan year 2023 filing to $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 560693887 · Adams Electric Company, Inc. PY 2024 · 401(k)

Adams Electric Company, Inc. 401(k) Retirement Plan · $14M · 367 · 62nd

  • PART $14M
  • PART 367
  • PART 62nd
  • PART 401(k)
  • PART near Realty Management Services, Inc. 401(k) Plan
  • PART ind #3344

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 Wholesale Trade retirement plans → · Plans in North Carolina →

Adams Electric Company, Inc. 401(k) Retirement Plan in the asset neighbourhood

Adams Electric Company, Inc. 401(k) Retirement PlanAdams Electric Company, Inc.…$14MRealty Management Services, Inc. 401(k) PlanRealty Management Services, …$14MSystems Unlimited, Inc. 401(k) PlanSystems Unlimited, Inc. 401(…$14MRetirement Group Pooled Employer PlanRetirement Group Pooled Empl…$14MMills Auto Group Employees' Profit Sharing 401(k) PlanMills Auto Group Employees' …$14M
End-of-year total assets ($M) among Adams Electric Company, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN560693887
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Adams Electric Company, Inc.)

Sponsor-wide plan assets over time

All Adams Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 32.07317882619811% vs 2022
2024 filing year
$9M$10M$11M$12M$13M$14M 202220232024 $10.3M $13.6M ▲ +32.0%
Year Plans Participants Total Assets
2022 1 310 $10M
2023 1 306 $11M
2024 1 367 $14M

Nearby 401(k) Plans in North Carolina

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

Adams Electric Company, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Adams Electric Company, Inc. 401(k) Retirement Plan, Total assets ($B): 0.013610289 · Participants: 367Adams Electric Company, Inc. 401(k) Retirement 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
Adams Electric Company, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Adams Electric Company, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Adams Electric Company, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Realty Management Services, Inc. 401(k) Plan in MD ($14M); by covered participants it is The Joint Corp. 401(k) Plan in AZ (367 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (367 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 Adams Electric Company, Inc. 401(k) Retirement Plan assets move in 2024? ▼
Adams Electric Company, Inc. 401(k) Retirement Plan grew sharply - up 18.5% during 2024, from $11M to $14M. Reported net income was $2M.
How have Adams Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Adams Electric Company, Inc.'s sponsor-wide assets grew 32.1%, from $10M to $14M.
Which 401(k) plans are similar in size to Adams Electric Company, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Realty Management Services, Inc. 401(k) Plan in MD ($14M, 176 participants).
Which 401(k) plans cover a similar participant headcount to Adams Electric Company, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Joint Corp. 401(k) Plan in AZ (367 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 560693887.

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.