Connecticut › Construction › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Emcor Group, Inc. 401(k) Savings Plan
Sponsored by Emcor Group, Inc., Norwalk, CT
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Emcor Group, Inc. 401(k) Savings Plan covered 17,722 participants and held $1.73B in net assets. The plan is a 401(k) plan sponsored by Emcor Group, Inc. of Norwalk, Connecticut.
Net assets came to $97,566 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $54,962 median for defined contribution plans in construction. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $55.7M during the year, or $4,293 per active participant against a same-size median of $2,424; participants contributed $83.3M and $9.4M arrived as rollovers and other contributions. Benefits paid out totalled $171M.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $642K: $36.20 per participant, well below the same-size median of $53.38. Administrative expenses charged to the plan were $642K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $419M in 2009 to $1.73B in 2024 (up 313%), and participants from 8,552 to 17,722 (up 107%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $97,566 | $64,499 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,293 | $2,424 | $2,728 | $2,175 |
| Schedule C compensation per participant | $36.20 | $53.38 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.04% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $36.20 | $54.85 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), construction (4,204) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 17,722 | $1.73B | $97,566 | $55.7M | $83.3M | $642K |
| 2023 | 17,410 | $1.57B | $89,964 | $46.2M | $74.5M | $640K |
| 2022 | 17,003 | $1.34B | $78,828 | $40.4M | $69.1M | $726K |
| 2021 | 15,819 | $1.63B | $102,830 | $37.9M | $65.4M | $660K |
| 2020 | 15,065 | $1.44B | $95,360 | $38.7M | $61.8M | $744K |
| 2019 | 16,093 | $1.27B | $79,098 | $36.5M | $61.6M | $735K |
| 2018 | 15,187 | $1.06B | $69,633 | $32.9M | $55.8M | $578K |
| 2017 | 14,827 | $1.10B | $74,387 | $30.4M | $52.0M | $114K |
| 2016 | 14,482 | $922M | $63,633 | $29.4M | $49.0M | $93K |
| 2015 | 14,038 | $842M | $59,988 | $27.3M | $46.6M | $96K |
| 2014 | 13,414 | $821M | $61,222 | $24.9M | $42.6M | $96K |
| 2013 | 12,664 | $736M | $58,140 | $22.2M | $38.0M | $97K |
| 2012 | 10,437 | $616M | $59,046 | $21.0M | $35.8M | $100K |
| 2011 | 10,155 | $526M | $51,837 | $14.3M | $30.8M | $146K |
| 2010 | 8,605 | $484M | $56,276 | $13.5M | $28.6M | $80K |
| 2009 | 8,552 | $419M | $48,967 | $14.8M | $27.4M | $110K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$1,566,275,527
- Employer contributions$55,660,959
- Participant contributions$83,303,690
- Rollovers and other contributions$9,436,651
- Total contributions$148,401,300
- Total income, including investment results$334,069,889
- Benefits paid$170,645,663
- Administrative expenses$641,583
- Total expenses$171,287,246
- Net income$162,782,643
- Net transfers$0
- Net assets, end of year$1,729,058,170
Participants
- Active participants12,965
- Retired or separated, receiving benefits533
- Retired or separated, entitled to future benefits4,118
- Participants with account balances15,733
- Total participants, end of year17,722
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| T Rowe Price RPS Inc. | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution); Trustee (directed); Investment management; Participant loan processing; Participant communication; Other services | $631,458 | $0 |
| Buck Global LLC | Consulting (general) | $10,125 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Recordkeeping fees$399,133
- Other administrative expenses$242,450
- Total administrative expenses$641,583
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$1.19B · 68.8%
- Registered investment companies (mutual funds)$500M · 28.8%
- Participant loans$21.2M · 1.2%
- Receivables$18.9M · 1.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $10,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238900: Other Specialty Trade Contractors (including site preparation).
Other plans of Emcor Group, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Emcor Group, Inc. and Subsidiaries Union Employees' 401(k) Plan | 1,041 | $50.0M |
Similar plans in Connecticut
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| North Atlantic States Carpenters Annuity Plan | North Atlantic States Carpenters Annuity Plan | 27,161 | $1.34B | $49,314 |
| New England Electrical Workers Money Purchase Plan and Trust | New England Electrical Workers Money Purchase Plan and Trust | 11,013 | $868M | $78,823 |
| Connecticut Laborers' Annuity Plan | Connecticut Laborers Annuity Fund Board of Trustees | 7,097 | $274M | $38,614 |
| Connecticut Pipetrades Local No. 777 Annuity Plan | Connecticut Pipetrades Local No. 777 Annuity Fund | 4,541 | $276M | $60,847 |
| IUOE Local 478 Annuity Fund | Board of Trustees IUOE Local 478 Annuity Fund | 4,060 | $377M | $92,897 |
| Iron Workers' Locals No. 15 & 424 Annuity Plan | Board of Trustees Iron Workers' Locals No. 15 & 424 | 3,711 | $79.6M | $21,460 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Emcor Group, Inc. 401(k) Savings Plan?
17,722 participants at the end of the plan year ending 31 Dec 2024, of whom 12,965 were active employees, with net assets of $1,729,058,170. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Emcor Group, Inc. contribute per participant?
The filing reports $55,660,959 in employer contributions for the year, which is $4,293 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $641,583 in compensation to service provider organisations, $36.20 per participant or 0.04% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $641,583. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Emcor Group, Inc.. Recordkeeping or administration: T Rowe Price RPS Inc.. Investment advisory or management: T Rowe Price RPS Inc.. Trustee or custodian: T Rowe Price RPS Inc.. The financial statements were audited by Ernst & Young, LLP. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 14 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 11-2125338, plan 002, received 14 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.