Tennessee › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Ermco Defined Benefit Plan
Sponsored by Electric Research and Manufacturing Cooperative, Inc., Dyersburg, TN
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.
Electric Research and Manufacturing Cooperative, Inc. of Dyersburg, Tennessee sponsors Ermco Defined Benefit Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 2,451 participants (1,968 active) and $79.1M in net assets.
Net assets came to $32,283 per participant, well below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and well below the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $18.0M for the year ($9,154 per active participant) and benefits paid were $3.3M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $226K: $92.18 per participant, well below the same-size median of $325. Administrative expenses charged to the plan were $722K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $32,283 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | $9,154 | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $92.18 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.29% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $295 | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$0
- Employer contributions$18,014,293
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$18,014,293
- Total income, including investment results$16,788,143
- Benefits paid$3,328,529
- Administrative expenses$722,058
- Total expenses$4,050,587
- Net income$12,737,556
- Net transfers$66,386,993
- Net assets, end of year$79,124,549
Participants
- Active participants1,968
- Retired or separated, receiving benefits22
- Retired or separated, entitled to future benefits451
- Participants with account balances0
- Total participants, end of year2,451
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator | $225,936 | $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
- Other administrative expenses$496,122
- Contract administrator fees$225,936
- Total administrative expenses$722,058
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$50.0M · 63.2%
- Registered investment companies (mutual funds)$26.7M · 33.7%
- Receivables$2.0M · 2.5%
- Pooled separate accounts$448K · 0.6%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmBDO USA, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondNo
- 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
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 335900: Other Electrical Equipment & Component Mfg.
Other plans of Electric Research and Manufacturing Cooperative, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Ermco 401(k) Plan | 2,970 | $71.7M |
| Ermco Union 401(k) Plan | 589 | $8.7M |
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Mitsubishi Motors NA, Inc. - Manufacturing Div Pension Plan for Associates | Mitsubishi Motors North America, Inc. | 2,548 | $236M | $92,592 |
| Marelli North America, Inc. Defined Benefit Plan | Marelli North America, Inc. | 1,644 | $60.3M | $36,700 |
| Bridgestone Americas, Inc. Hourly Employees Retirement Plan | Bridgestone Americas, Inc. | 3,540 | $121M | $34,193 |
| Sylvamo Pension Plan | Sylvamo North America, LLC | 945 | $197M | $208,353 |
| Bridgestone Americas, Inc. Non-Contributory Pension Plan | Bridgestone Americas, Inc. | 4,133 | $489M | $118,353 |
| Alon USA Pension Plan | Alon USA GP, LLC | 904 | $97.5M | $107,854 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Ermco Defined Benefit Plan?
2,451 participants at the end of the plan year ending 31 Dec 2024, of whom 1,968 were active employees, with net assets of $79,124,549. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Electric Research and Manufacturing Cooperative, Inc. contribute per participant?
The filing reports $18,014,293 in employer contributions for the year, which is $9,154 per active participant; the median for plans of the same type and size was $10,593 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 $225,936 in compensation to service provider organisations, $92.18 per participant or 0.29% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $722,058. 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 Electric Research and Manufacturing Cooperative, Inc.. Recordkeeping or administration: Principal Life Insurance Company. The financial statements were audited by BDO USA, P.C.. 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. 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 6 Feb 2026. 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 61-0701489, plan 003, received 6 Feb 2026; 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.