Adams Electric Company 401(k) Plan: Login, Facts & Contact Information

Adams Electric Company 401(k) Plan Facts

Plan name
ADAMS ELECTRIC COMPANY, INC. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
ADAMS ELECTRIC COMPANY, INC.
Participants
520 (583 active employees)
Former employees with a balance
137
Plan assets
$13,610,289 at Dec 31, 2024
Average account balance
$23,426 across 581 accounts
Employer contributions
$380,726 in plan year 2024 (26% of all contributions)
Recordkeeper
Stanley Benefits
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1991
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.49 million went into the plan in contributions, $380,726 of it from the employer (26%).
  • $715,431 was paid out to participants.
  • Investment and other income added $1.37 million.
  • Administrative expenses were $11,478, about $20 per account.

How the Adams Electric Company 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019325$7.98 million$296,329$131,838
2020366$10.1 million$495,737$193,258
2021402$11.9 million$353,818$692,298
2022439$10.3 million$357,339$1.35 million
2023461$11.5 million$303,621$1.11 million
2024520$13.6 million$380,726$715,431

Adams Electric Company 401(k) Contact Information

Phone
336-349-6283
Mailing address
401 NORTH GREEN STREET, GREENSBORO NC 27401
Plan sponsor
ADAMS ELECTRIC COMPANY, INC.
Employer identification number (EIN)
56-0693887
Plan number
001

Questions about the Adams Electric Company 401(k)

Does Adams Electric Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $380,726, 26% of all contributions.

Does the Adams Electric Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Adams Electric Company 401(k) plan?

520 participants at the start of plan year 2024, 583 of them active employees, and 137 former employees who still had money in the plan.

What is the average 401(k) balance at Adams Electric Company?

About $23,426 per account: $13.6 million in plan assets across 581 accounts with a balance at the end of plan year 2024.

Who manages the Adams Electric Company 401(k) accounts?

STANLEY BENEFITS is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Adams Electric Company. How do I access my 401(k)?

Your account stays with STANLEY BENEFITS after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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