Mona Electric Group 401(k) match, vesting and fees
What Mona Electric Group'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| 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.
| Mona Electric Group: employer contribution per participant | $2,458 | |
| Peer median | $2,411 |
| Mona Electric Group: average balance | $158,158 | |
| Peer median | $61,921 |
| Mona Electric Group: admin expenses ÷ assets | 0.38% | |
| 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 $17.3M at the end of plan year 2021 to $19M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 122 | $19M | $295K | $2,458 | 0.38% | Not published | Form 5500 ↗ |
| 2023 | 124 | $16.5M | $308K | $2,526 | 0.37% | Not published | Form 5500 ↗ |
| 2022 | 120 | $14.1M | $283K | $2,423 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 126 | $17.3M | $293K | $2,403 | 0.02% | Not published | Form 5500 ↗ |
Other Mona Electric Group plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Total Electric, Inc. Profit Sharing Plan
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.
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Mona Electric Group match 401(k) contributions?
The match terms for the Mona Electric Group, Inc. 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $295K in employer contributions, about $2,458 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mona Electric Group 401(k) match vested?
The vesting schedule for the Mona Electric Group, Inc. 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mona Electric Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Mona Electric Group, Inc..
I left Mona Electric Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mona Electric Group, Inc., (301) 599-7130) or the recordkeeper, Principal Life Insurance Company. The Mona Electric Group old 401(k) page lists the contacts from every plan filing. Find an old Mona Electric Group 401(k)
Data from the public Form 5500 annual reports Mona Electric Group 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 Mona Electric Group. Not financial advice. Report a correction · Methodology