Texas › Wholesale trade › 500 to 999 participants
Form 5500 statement · plan year 1 May 2024 to 30 Apr 2025
Dealers Electrical Supply Co. Employee Stock Ownership Plan
Sponsored by Dealers Electrical Supply Co., Waco, TX
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.
Dealers Electrical Supply Co. of Waco, Texas sponsors Dealers Electrical Supply Co. Employee Stock Ownership Plan, an employee stock ownership plan. Its Form 5500 for the plan year ending 30 Apr 2025 shows 735 participants (478 active) and $82.5M in net assets.
Net assets came to $112,257 per participant, well above the $46,267 median for defined contribution plans with 500 to 999 participants and well above the $65,557 median for defined contribution plans in wholesale trade. 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 $974K during the year, or $2,038 per active participant against a same-size median of $1,934; participants contributed —. Benefits paid out totalled $15.7M.
Schedule C lists 1 service provider organisation paid $5,000 or more, with reported compensation of $12K: $16.63 per participant, well below the same-size median of $113. Administrative expenses charged to the plan were $12K. 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 $95.1M in 2009 to $82.5M in 2024 (down 13%), and participants from 885 to 735 (down 17%).
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 DC plans |
|---|---|---|---|---|
| Net assets per participant | $112,257 | $46,267 | $65,557 | $53,102 |
| Employer contributions per active participant | $2,038 | $1,934 | $2,107 | $2,175 |
| Schedule C compensation per participant | $16.63 | $113 | $153 | $123 |
| Schedule C compensation, share of net assets | 0.01% | 0.25% | 0.27% | 0.26% |
| Administrative expenses per participant | $16.63 | $109 | $147 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 500 to 999 participants (10,588 plans), wholesale trade (3,526) 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 | 735 | $82.5M | $112,257 | $974K | — | $12K |
| 2023 | 737 | $99.9M | $135,501 | $2.3M | — | $10K |
| 2022 | 754 | $96.5M | $127,956 | $2.3M | — | $9,000 |
| 2021 | 740 | $96.5M | $130,395 | $2.3M | — | $10K |
| 2020 | 759 | $96.2M | $126,709 | $2.3M | $0 | $13K |
| 2019 | 748 | $104M | $139,019 | $2.3M | $0 | $7,000 |
| 2018 | 746 | $104M | $140,011 | $2.3M | $0 | $0 |
| 2017 | 737 | $110M | $148,982 | $2.3M | $0 | $0 |
| 2016 | 905 | $105M | $116,314 | $1.4M | $0 | $0 |
| 2015 | 1,001 | $114M | $113,507 | $1.3M | $0 | $0 |
| 2014 | 874 | $141M | $160,889 | $1.3M | $0 | $0 |
| 2013 | 868 | $107M | $122,766 | $1.3M | $0 | $0 |
| 2012 | 872 | $105M | $120,229 | $1.4M | $0 | $0 |
| 2011 | 859 | $99.2M | $115,522 | $2.6M | $0 | $0 |
| 2010 | 893 | $102M | $114,271 | $3.5M | $0 | $0 |
| 2009 | 885 | $95.1M | $107,432 | $3.1M | $0 | $0 |
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$99,864,450
- Employer contributions$974,117
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$974,117
- Total income, including investment results−$1,611,131
- Benefits paid$15,657,146
- Administrative expenses$12,226
- Total expenses$15,744,724
- Net income−$17,355,855
- Net transfers$0
- Net assets, end of year$82,508,595
Participants
- Active participants478
- Retired or separated, receiving benefits60
- Retired or separated, entitled to future benefits186
- Participants with account balances728
- Total participants, end of year735
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| PB&H | Recordkeeping and information management | $12,225 | $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$12,226
- Total administrative expenses$12,226
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.
- Employer securities$82.1M · 97.2%
- Registered investment companies (mutual funds)$2.3M · 2.8%
- Cash (interest and non-interest bearing)$812 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmForvismazars, LLP
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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
2IStock bonus2PLeveraged ESOP2QThe employer maintaining this ESOP is an S corporation3IPlan requiring that all or part of employer contributions be invested and held in employer securities
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 423600: Household Appliances and Electrical & Electronic Goods.
Other plans of Dealers Electrical Supply Co.
| Plan | Participants | Net assets |
|---|---|---|
| Employee 401(k) Plan & Trust of Dealers Electrical Supply Co. | 799 | $39.1M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Adams Resources and Energy, Inc., and Subsidiaries 401(k) Plan | Adams Resources and Energy, Inc. | 743 | $33.0M | $44,436 |
| Four Hands, LLC 401(k) Profit Sharing Plan | Four Hands, LLC | 718 | $30.0M | $41,839 |
| Giglio Distributing Co. 401(k) Plan | Giglio Distributing Company | 751 | — | — |
| Verde Holdings, Inc. 401(k) Plan | Verde Holdings, Inc. | 711 | $64.3M | $90,373 |
| Uft 401(k) Plan | United Flow Technologies Intermediate Holdco II, LLC | 762 | $78.2M | $102,585 |
| Distribution Services Retirement Plan | 1155-55H Partners, LLC | 705 | $17.5M | $24,831 |
Defined contribution plans in wholesale trade closest in size.
Questions and answers
How big is Dealers Electrical Supply Co. Employee Stock Ownership Plan?
735 participants at the end of the plan year ending 30 Apr 2025, of whom 478 were active employees, with net assets of $82,508,595. Among defined contribution plans that places it in the 500 to 999 participants band, which held 10,588 plans in plan year 2024.
What does Dealers Electrical Supply Co. contribute per participant?
The filing reports $974,117 in employer contributions for the year, which is $2,038 per active participant; the median for plans of the same type and size was $1,934 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 $12,225 in compensation to service provider organisations, $16.63 per participant or 0.01% of net assets. The same-size median among plans reporting any Schedule C compensation was $113 per participant. Administrative expenses on Schedule H were $12,226. 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 Dealers Electrical Supply Co.. Recordkeeping or administration: PB&H. The financial statements were audited by Forvismazars, 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. 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 May 2024 to 30 Apr 2025, received by the Department of Labor on 10 Apr 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 74-1972120, plan 002, received 10 Apr 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.