Watson Electrical 401(K) Plan — Form 5500 plan (Watson Electrical Construction Co., LLC)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Watson Electrical 401(K) Plan is a benefit plan reported by Watson Electrical Construction Co., LLC under EIN 61-1440043 and plan number 001. The latest loaded filing year is 2023. The filing reports 752 participants and $23,092,797 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Watson Electrical Construction Co., LLC
EIN
61-1440043
Plan number
001
Plan type
2
Location
Wilson, NC
Latest filing year
2023
Participants
752
End-of-year plan assets
$23,092,797

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023752H, C20240910130315NAL0013170082001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$23,092,797
Total liabilities (EOY)
$20,556
Net assets (EOY)
$23,072,241
Net assets (BOY)
$24,135,821

Income & contributions

Employer contributions
$300,157
Participant contributions
$1,264,671
Total contributions
$1,594,531
Total income / additions
$4,805,602

Expenses & distributions

Benefits paid
$5,764,333
Administrative expenses
$102,977
Total expenses
$5,869,182
Net increase / (decrease)
-$1,063,580

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Ascensus LLCNONE$74,620$02023
Mma Securities, LLCNONE$21,500not reported in the loaded dataset2023
Lpl Financial RpcpNONE$21,500not reported in the loaded dataset2023

Related Form 5500 pages