US Electrical Services, Inc. 401(k) Review & Grade
U. S. Electrical Services, Inc. 401(k) Plan
Middletown, CTWholesale Trade1,447 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,882Employer $ per active participant
$7,341Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$156.6MNet plan assets, end of year
$89,504Average balance per account
Score breakdown
- Employer generosity36.1 / 5072th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 52th |
| Employee saving | 82th |
| Peers that auto-enroll | 53% |
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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
- US Electrical Services put in about $2,882 per active participant, more than the typical peer ($1,792). 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 | $4,170,557 |
| Participant (employee) contributions | $10,622,923 |
| Other contributions (incl. rollovers in) | $1,650,242 |
| Administrative expenses paid from the plan | $315,681 |
| Contract administrator fees | $315,681 |
| Benefits paid out | $19,756,980 |
| Net assets, start / end of year | $141.5M / $156.6M |
| Active participants, start / end of year | 1,427 / 1,467 |
| Participants with account balances | 1,750 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $315,681 reported compensation |
| Fiducient Advisors LLC | $41,539 reported compensation |
| The Paragon Alliance Group LLC | $39,284 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007154550NAL0008467312001, received 2025-10-07, EIN 06-0864003, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.