Tennessee › Construction › 100 to 249 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Wolfe & Travis Electric 401(k) Profit Sharing Plan
Sponsored by Wolfe & Travis Electric Company, Nashville, 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.
Wolfe & Travis Electric Company of Nashville, Tennessee sponsors Wolfe & Travis Electric 401(k) Profit Sharing Plan, a 401(k) plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 162 participants (128 active) and $14.1M in net assets.
Net assets came to $86,825 per participant, well above the $60,185 median for defined contribution plans with 100 to 249 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 $611K during the year, or $4,776 per active participant against a same-size median of $2,447; participants contributed $48K and $242K arrived as rollovers and other contributions. Benefits paid out totalled $130K.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $122K: $751 per participant, well above the same-size median of $194. Administrative expenses charged to the plan were $122K. 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), 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 | $86,825 | $60,185 | $54,962 | $53,102 |
| Employer contributions per active participant | $4,776 | $2,447 | $2,728 | $2,175 |
| Schedule C compensation per participant | $751 | $194 | $162 | $123 |
| Schedule C compensation, share of net assets | 0.86% | 0.32% | 0.33% | 0.26% |
| Administrative expenses per participant | $751 | $176 | $166 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 100 to 249 participants (21,996 plans), construction (4,204) and all US plans (63,460). Fee medians cover plans that report an amount.
Statement for the year
- Net assets, beginning of year$11,827,855
- Employer contributions$611,269
- Participant contributions$48,321
- Rollovers and other contributions$242,288
- Total contributions$901,878
- Total income, including investment results$2,489,439
- Benefits paid$129,919
- Administrative expenses$121,711
- Total expenses$251,630
- Net income$2,237,809
- Net transfers$0
- Net assets, end of year$14,065,664
Participants
- Active participants128
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits31
- Participants with account balances131
- Total participants, end of year162
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Raymond James and Associates Inc. | Investment advisory (plan) | $63,940 | $0 |
| Transamerica Retirement Solutions | Recordkeeping and information management; Participant loan processing | $57,771 | $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
- Investment advisory and management fees$63,940
- Recordkeeping fees$57,771
- Total administrative expenses$121,711
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.
- Registered investment companies (mutual funds)$13.6M · 96.8%
- Insurance company general account$395K · 2.8%
- Receivables$37K · 0.3%
- Cash (interest and non-interest bearing)$18K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMiller CPA, PLLC
- Participant contributions reported as transmitted lateYes, $7,634
- 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
2EProfit-sharing plan2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2TTotal or partial participant-directed account plan with a default investment account3DPre-approved pension plan2AAge/service weighted or new comparability or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 238210: Electrical Contractors.
Similar plans in Tennessee
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Standard Construction Co., Inc. 401(k) Profit Sharing Plan | Standard Construction Company, Inc. | 164 | $20.0M | $122,226 |
| JTH Industrial, Inc. Employee Stock Ownership Plan | JTH Industrial, Inc. | 141 | $8.6M | $60,983 |
| Bakers Construction Services, Inc. 401(k) Profit Sharing Plan & Trust | Bakers Construction Services, Inc. | 169 | $4.4M | $25,765 |
| Mechanical Systems Company, LLC 401(k) PS Plan | Mechanical Systems Company, LLC | 138 | $6.5M | $47,269 |
| International Association of Heat & Frost Insulators & Allied Workers Local 78 Pension Plan | International Association of Heat & Frost Insulators & Allied | 176 | $39.8M | $226,324 |
| Psicc 401(k) Plan | Process Systems Incorporated Construction Company | 137 | $5.5M | $40,153 |
Defined contribution plans in construction closest in size.
Questions and answers
How big is Wolfe & Travis Electric 401(k) Profit Sharing Plan?
162 participants at the end of the plan year ending 31 Dec 2024, of whom 128 were active employees, with net assets of $14,065,664. Among defined contribution plans that places it in the 100 to 249 participants band, which held 21,996 plans in plan year 2024.
What does Wolfe & Travis Electric Company contribute per participant?
The filing reports $611,269 in employer contributions for the year, which is $4,776 per active participant; the median for plans of the same type and size was $2,447 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 $121,711 in compensation to service provider organisations, $751 per participant or 0.86% of net assets. The same-size median among plans reporting any Schedule C compensation was $194 per participant. Administrative expenses on Schedule H were $121,711. 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 Wolfe & Travis Electric Company. Recordkeeping or administration: Transamerica Retirement Solutions. Investment advisory or management: Raymond James and Associates Inc.. The financial statements were audited by Miller CPA, PLLC. 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 20 Jan 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 62-0789243, plan 003, received 20 Jan 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.