Industry · Form 5500 business code 335310
Electrical Equipment Mfg: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 106 retirement plans in electrical equipment mfg with 100 or more participants filed Form 5500: 95 defined contribution and 11 defined benefit. They reported 136,973 participant records and $16.1B in net assets, counting every plan on the form.
The median defined contribution plan held $63,986 per participant, above the national median of $53,031, and its employer put in $2,254 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $122 per participant against $123 nationally.
Employers contributed $347M and participants $545M during the year, and the plans paid out $1.63B in benefits.
In 2009 the same group numbered 115 plans with $3.72B; by 2024 it was 106 plans (down 8%) and $16.1B (up 333%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $63,986 | $53,031 | $50,238 | $86,234 |
| Employer contributions per active participant | $2,254 | $2,174 | $6,005 | $10,244 |
| Schedule C compensation per participant | $122 | $123 | $230 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.26% | 0.49% | 0.42% |
| Administrative expenses per participant | $124 | $116 | $349 | $527 |
Medians across plans with 100 or more participants (86 DC and 11 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $44,775 | $63,986 | $105,769 | 86 |
| Employer contributions per active participant | $1,486 | $2,254 | $3,287 | 81 |
| Schedule C compensation per participant | $63.44 | $122 | $232 | 82 |
| Administrative expenses per participant | $61.04 | $124 | $240 | 82 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 14 | 10,059 | $1.15B | $22.7M | $48.3M | $73,402 | $191 |
| 2024 | 106 | 136,973 | $16.1B | $347M | $545M | $63,986 | $122 |
| 2023 | 111 | 133,455 | $15.6B | $340M | $514M | $60,670 | $98.74 |
| 2022 | 121 | 126,790 | $9.88B | $284M | $450M | $46,739 | $117 |
| 2021 | 115 | 119,729 | $11.2B | $257M | $382M | $59,728 | $105 |
| 2020 | 117 | 111,242 | $10.5B | $258M | $324M | $54,828 | $104 |
| 2019 | 114 | 104,166 | $8.78B | $234M | $291M | $48,516 | $102 |
| 2018 | 108 | 101,805 | $7.30B | $237M | $257M | $47,102 | $90.85 |
| 2017 | 113 | 98,442 | $7.45B | $285M | $232M | $43,933 | $78.43 |
| 2016 | 115 | 96,633 | $6.38B | $262M | $215M | $44,118 | $56.82 |
| 2015 | 112 | 96,201 | $5.83B | $271M | $211M | $43,226 | $53.23 |
| 2014 | 114 | 98,876 | $5.82B | $253M | $198M | $41,788 | $38.51 |
| 2013 | 112 | 106,493 | $5.97B | $244M | $204M | $39,754 | $35.31 |
| 2012 | 114 | 106,855 | $5.22B | $242M | $189M | $33,695 | $24.06 |
| 2011 | 109 | 100,962 | $4.36B | $213M | $169M | $36,331 | $26.78 |
| 2010 | 113 | 101,607 | $4.22B | $177M | $155M | $36,551 | $40.09 |
| 2009 | 115 | 106,443 | $3.72B | $141M | $154M | $31,794 | $30.39 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 107 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 107 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Intuit Inc. 401(k) Plan | Intuit Inc. | CA | DC | 35,542 | $3.68B | $103,629 | $5,076 | $8.12 |
| Generac Power Systems, Inc. Employees 401(k) Savings Plan | Generac Power Systems, Inc. | WI | DC | 7,683 | $344M | $44,728 | $1,736 | $57.64 |
| Legrand North America 401(k) Plan | Legrand Holding, Inc. | CT | DC | 6,145 | $722M | $117,533 | $5,252 | $86.01 |
| Components Pension Plan for Puerto Rico | GE Industrial of PR LLC | PR | DB | 6,143 | $163M | $26,532 | $14,329 | $177 |
| Schweitzer Engineering Laboratories, Inc. 401(k) Plan | Schweitzer Engineering Laboratories Inc. | WA | DC | 5,765 | $492M | $85,390 | — | $63.84 |
| Greenheck Fan Corporation 401(k) & Savings Plan | Greenheck Fan Corporation | WI | DC | 5,731 | $579M | $101,010 | $3,131 | $109 |
| Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan | Schweitzer Engineering Laboratories, Inc. | WA | DC | 4,674 | $2.57B | $549,182 | $9,336 | — |
| S&C 401(k) Retirement Savings & ESOP | S&C Electric Company | IL | DC | 3,744 | $2.57B | $685,882 | — | — |
| Regal Beloit America, Inc. Pension Plan | Regal Beloit America, Inc. | WI | DB | 3,575 | $155M | $43,334 | $731 | $230 |
| Smiths Group Pension Plan | Smiths Group Services Corporation | DC | DB | 3,455 | $236M | $68,418 | — | $333 |
| Powell Industries, Inc. Employees Incentive Savings Plan | Powell Industries, Inc. | TX | DC | 3,178 | $291M | $91,683 | $2,124 | $15.64 |
| Morgan US Employees' 401(k) Plan | Morganite Industries Inc. | NC | DC | 3,108 | $290M | $93,257 | $4,143 | $160 |
| Morgan US Employees' Retirement Plan | Morganite Industries, Inc. | NC | DB | 2,528 | $127M | $50,238 | — | $125 |
| Osi Systems, Inc. 401(k) Savings Plan | Osi Systems, Inc. | CA | DC | 2,458 | $307M | $124,867 | $2,110 | $94.30 |
| Radwell International, LLC 401(k) Profit Sharing Plan | Radwell International, LLC | CA | DC | 2,176 | $88.1M | $40,501 | $2,358 | $110 |
| Yaskawa America, Inc. 401(k) Plan | Yaskawa America, Inc. | IL | DC | 1,875 | $437M | $232,931 | $6,395 | $146 |
| C&D Technologies Savings Plan | C&D Technologies, Inc. | PA | DC | 1,829 | $119M | $64,795 | $2,247 | $123 |
| Okonite Company Employees Stock Ownership Plan | Okonite Company Inc. | NJ | DC | 1,742 | $446M | $256,171 | $27,451 | $74.84 |
| Advantest America, Inc. Saving Plan | Advantest America, Inc. | CA | DC | 1,724 | $450M | $261,162 | $6,823 | $61.59 |
| Iem 401(k) Plan | The New Iem, LLC | CA | DC | 1,716 | $43.4M | $25,317 | $952 | $94.47 |
| Avail Infrastructure Solutions Retirement Savings Plan | Ais Holding Company LLC | GA | DC | 1,534 | $80.9M | $52,737 | $2,486 | $92.66 |
| The Okonite Company Hourly Employees Pension Plan | Okonite Company Inc. | NJ | DB | 1,279 | $53.8M | $42,057 | $0 | $257 |
| Karcher North America, Inc. 401(k) Savings Plan | Karcher North America, Inc. | CO | DC | 1,032 | $67.7M | $65,567 | $2,795 | $107 |
| Chargepoint 401(k) Plan | Chargepoint Inc. | CA | DC | 1,009 | $61.8M | $61,268 | $0 | $83.80 |
| Hme Retirement Savings Plan | HM Electronics, Inc. | CA | DC | 995 | $89.7M | $90,187 | $2,439 | $107 |
| Delta Star, Inc. 401(k) Retirement Plan | Delta Star, Inc. | VA | DC | 976 | $42.5M | $43,511 | $1,583 | $24.62 |
| Trane Technologies Retirement Savings Plan for Participating Affiliates in Puerto Rico | Thermo King Puerto Rico Manufactura, Inc. | PR | DC | 939 | $68.1M | $72,477 | $3,153 | — |
| The Durham Company Retirement Savings Plan | The Durham Co. | MO | DC | 930 | $44.2M | $47,526 | $1,293 | $46.38 |
| Channell Commercial Corporation 401(k) Plan | Channell Commercial Corporation | TX | DC | 816 | $17.3M | $21,250 | $1,873 | $93.34 |
| Iteris, Inc. 401(k) and Stock Ownership Plan | Iteris, Inc. | CA | DC | 749 | $97.8M | $130,511 | $4,509 | $211 |
| Intermountain Electronics, Inc. of Price, Utah 401(k) Profit Sharing Plan | Intermountain Electronics, Inc. of Price, Utah | UT | DC | 747 | $36.8M | $49,281 | $3,271 | $251 |
| Waukesha Gas Engines 401(k) Plan | Innio Waukesha Gas Engines, Inc. | WI | DC | 640 | $62.8M | $98,199 | $8,554 | $138 |
| Otto Engineering, Inc. 401(k) Savings and Retirement Plan | Otto Engineering, Inc. | IL | DC | 636 | $68.5M | $107,702 | $2,525 | $258 |
| Trystar, LLC 401(k) Plan | Trystar, LLC | MN | DC | 628 | $19.8M | $31,515 | $2,315 | $14.79 |
| C&D Technologies, Inc. Pension Plan | C&D Technologies, Inc. | PA | DB | 559 | $38.0M | $67,945 | $31,500 | $200 |
| Mainspring Energy, Inc. 401(k) Plan | Mainspring Energy, Inc. | CA | DC | 543 | $23.0M | $42,433 | — | $88.58 |
| Legrand Savings Plan | Legrand Holding, Inc. | CT | DC | 526 | $28.9M | $54,874 | $2,512 | $85.48 |
| Appleton Group LLC Pension Plan for Bargaining Unit Employees | Appleton Group LLC | MO | DB | 521 | $11.4M | $21,812 | — | $68.51 |
| The Okonite Company Cash Balance Pension Plan | Okonite Company, Inc. | NJ | DB | 490 | $55.0M | $112,219 | $7,009 | $765 |
| Bizerba USA, Inc. 401(k) Plan | Bizerba USA, Inc. | MD | DC | 475 | $28.5M | $60,055 | $2,568 | $126 |
By plan size
By state
Questions and answers
How many retirement plans are there in electrical equipment mfg?
106 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 142 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in electrical equipment mfg?
The median defined contribution plan reported $63,986 in net assets per participant (middle half of plans: $44,775 to $105,769); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in electrical equipment mfg?
The median defined contribution plan received $2,254 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in electrical equipment mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $122 per participant and 0.20% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.