NB Baker Electric, Inc. DBA Baker Electric Home Energy 401(k) match, vesting and fees
What NB Baker Electric, Inc. DBA Baker Electric Home Energy'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 | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| NB Baker Electric, Inc. DBA Baker Electric Home Energy: employer contribution per participant | $1,217 | |
| Peer median | $2,411 |
| NB Baker Electric, Inc. DBA Baker Electric Home Energy: average balance | $40,826 | |
| Peer median | $61,921 |
| NB Baker Electric, Inc. DBA Baker Electric Home Energy: admin expenses ÷ assets | 0.82% | |
| 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 $312K at the end of plan year 2021 to $6.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 173 | $6.7M | $201K | $1,217 | 0.82% | Not published | Form 5500 ↗ |
| 2023 | 232 | $5.5M | $383K | $1,797 | 0.82% | Not published | Form 5500 ↗ |
| 2022 | 228 | $3.8M | -$390 | -$2 | 1.60% | Not published | Form 5500 ↗ |
| 2021 | 216 | $312K | $122K | $1,275 | 0.08% | Not published | Form 5500 ↗ |
Common questions
Does NB Baker Electric, Inc. DBA Baker Electric Home Energy match 401(k) contributions?
The match terms for the Nb Baker Electric, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $201K in employer contributions, about $1,217 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the NB Baker Electric, Inc. DBA Baker Electric Home Energy 401(k) match vested?
The vesting schedule for the Nb Baker Electric, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the NB Baker Electric, Inc. DBA Baker Electric Home Energy 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Nb Baker Electric, Inc. DBA Baker Electric Home Energy.
I left NB Baker Electric, Inc. DBA Baker Electric Home Energy. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Nb Baker Electric, Inc. DBA Baker Electric Home Energy, (760) 546-6000) or the recordkeeper, Principal Life Insurance Company. The NB Baker Electric, Inc. DBA Baker Electric Home Energy old 401(k) page lists the contacts from every plan filing. Find an old NB Baker Electric, Inc. DBA Baker Electric Home Energy 401(k)
Data from the public Form 5500 annual reports NB Baker Electric, Inc. DBA Baker Electric Home Energy 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 NB Baker Electric, Inc. DBA Baker Electric Home Energy. Not financial advice. Report a correction · Methodology