401(k) · DOL Form 5500 · 2024

Baker Mechanical, Inc. 401(k) Plan

Data updated 2026-08-11

$278M
Total assets: 393
Participants: 96th
Percentile by assets: $706,857
Avg per participant

Official DOL plan name: Baker Group 401(k) and Employee Stock Ownership Plan · Sponsored by Baker Mechanical, Inc. · Iowa · Construction

$278M in assets, 393 participants

Baker Mechanical, Inc.'s Baker Group 401(k) and Employee Stock Ownership Plan reported $278M in total assets and 393 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

96th percentile by assets (of 123,622 plans)
#8,578 in Construction (9,039 peers)

Where Baker Group 401(k) and Employee Stock Ownership Plan sits by assets

Baker Group 401(k) and Employee Stock Ownership Plan sits in the top 5% of all filed plans by assets, $278M for 393 participants (~$706,857/participant), up 142.6% in 2024.

$278M
total plan assets (2024 EOY): 393
covered participants: 96th
percentile by assets (of 123,622 plans): $706,857
avg assets per participant

Baker Group 401(k) and Employee Stock Ownership Plan reported net income rose from $56M in the plan year 2023 filing to $164M in the plan year 2024 filing.
Baker Group 401(k) and Employee Stock Ownership Plan end-of-year assets rose from $115M in the plan year 2023 filing to $278M in the plan year 2024 filing.
Baker Group 401(k) and Employee Stock Ownership Plan reported participants rose from 380 in the plan year 2023 filing to 393 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Iowa

Industry

Construction

Baker Group 401(k) and Employee Stock Ownership Plan vs the 2024 asset distribution

By assets, Baker Group 401(k) and Employee Stock Ownership Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.8x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$115M
Net Assets (End of Year)	$228M
Net Income	$164M
Employer EIN	420890441
Plan Effective Date	1989-08-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Baker Mechanical, Inc.)

Total plan assets by year, all Baker Mechanical, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	362	$59M
2023	1	380	$115M
2024	1	393	$278M

Nearby 401(k) Plans in Iowa

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

Baker Group 401(k) and Employee Stock Ownership Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

The Principal Select Savings Plan $4.6B · 12,841
The Rsm US LLP Retirement Plan $3.4B · 14,728
Iowa Health System Section 401(k) Retirement Savings Plan $3.3B · 25,072
The Hy-Vee and Affiliates 401(k) Plan $3.1B · 55,411
Transamerica 401(k) Retirement Savings Plan $2.7B · 8,059

Compare Baker Group 401(k) and Employee Stock Ow… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Baker Group 401(k) and Employee Stock Ownership Plan by total assets, not by location.

Sita Employee 401(k) Savings Plan (GA) $278M · 481
Portsmouth D&d 401(k) Savings Plan (OH) $278M · 1,363
The Kenan Advantage Group, Inc. 401(k) Plan (OH) $278M · 6,875
Merit Energy Company Savings Trust (TX) $277M · 847

Frequently Asked Questions

How did Baker Group 401(k) and Employee Stock Ownership Plan assets move in 2024? ▼

Baker Group 401(k) and Employee Stock Ownership Plan surged - up 142.6% during 2024, from $115M to $278M. Reported net income was $164M.

How have Baker Mechanical, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Baker Mechanical, Inc.'s sponsor-wide assets grew 367.4%, from $59M to $278M.

Where does Baker Group 401(k) and Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼

Baker Group 401(k) and Employee Stock Ownership Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Baker Group 401(k) and Employee Stock Ownership Plan? ▼

Among 401(k) plans in other states, the closest by assets is Sita Employee 401(k) Savings Plan in GA ($278M, 481 participants).

Next read for Baker Group 401(k) and Employee Stock Ow…

Scale reading

Ways to act on Baker Group 401(k) and Employee Stock Ownership Plan's numbers.

By total assets, Baker Group 401(k) and Employee Stock Ownership Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Baker Mechanical, Inc.'s sponsor-wide assets have grown 367.4% since 2022 across 3 plan years on file. More Construction plans

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 420890441.