Bates Electric 401(k) match, vesting and fees
What Bates Electric's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Bates Electric: employer contribution per participant | $2,186 | |
| Peer median | $2,411 |
| Bates Electric: average balance | $46,783 | |
| Peer median | $61,921 |
| Bates Electric: admin expenses ÷ assets | 0.95% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $4.3M at the end of plan year 2021 to $6.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 202 | $6.5M | $306K | $2,186 | 0.95% | Not published | Form 5500 ↗ |
| 2023 | 165 | $5.2M | $279K | $1,980 | 0.90% | Not published | 5500-SF ↗ |
| 2022 | 149 | $4M | $203K | $2,182 | 0.96% | Not published | Form 5500 ↗ |
| 2021 | 148 | $4.3M | $199K | $2,166 | 1.01% | Not published | Form 5500 ↗ |
Common questions
Does Bates Electric match 401(k) contributions?
The match terms for the Bates Electric, Inc. Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $306K in employer contributions, about $2,186 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bates Electric 401(k) match vested?
The vesting schedule for the Bates Electric, Inc. Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bates Electric 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Bates Electric, Inc..
I left Bates Electric. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bates Electric, Inc., (813) 449-6150) or the recordkeeper, Empower Annuity Insurance Company O. The Bates Electric old 401(k) page lists the contacts from every plan filing. Find an old Bates Electric 401(k)
Data from the public Form 5500 annual reports Bates Electric filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bates Electric. Not financial advice. Report a correction · Methodology