Electrical Consultants, Inc. 401(k) Review & Grade
Electrical Consultants Inc Profit Sharing Plan
Billings, MTProfessional, Scientific & Technical Services994 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,432Employer $ per active participant
$9,253Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$142.9MNet plan assets, end of year
$124,170Average balance per account
Score breakdown
- Employer generosity45.7 / 5091th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 61th |
| Employee saving | 52th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Electrical Consultants put in about $10,432 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $10,369,555 |
| Participant (employee) contributions | $9,197,207 |
| Other contributions (incl. rollovers in) | $2,080,513 |
| Administrative expenses paid from the plan | $210,613 |
| Investment advisory & management fees | $81,816 |
| Other admin expenses | $550 |
| Benefits paid out | $9,519,587 |
| Net assets, start / end of year | $114.2M / $142.9M |
| Active participants, start / end of year | 937 / 1,051 |
| Participants with account balances | 1,151 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $128,247 reported compensation |
| Empower Advisory Group, LLC | $46,816 reported compensation |
| RBC Capital Markets, LLC | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102009NAL0003607392001, received 2025-10-14, EIN 81-0427018, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.