Baker Electric, Inc. 401(k) Plan: Login, Facts & Contact Information
Baker Electric, Inc. 401(k) Login
53 former Baker Electric, Inc. employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Baker Electric, Inc. 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $3.44 million went into the plan in contributions, $446,466 of it from the employer (13%).
- $861,002 was paid out to participants.
- Investment and other income added $1.92 million.
- Administrative expenses were $124,716, about $347 per account.
How the Baker Electric, Inc. 401(k) changed, 2019–2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 364 | $11.6 million | $294,230 | $425,250 |
| 2020 | 503 | $15.5 million | $384,259 | $750,113 |
| 2021 | 469 | $18.3 million | $251,928 | $914,836 |
| 2022 | 494 | $12.1 million | $332,936 | $1.23 million |
| 2023 | 350 | $15.7 million | $370,280 | $1.14 million |
| 2024 | 342 | $20.3 million | $446,466 | $861,002 |
Baker Electric, Inc. 401(k) Contact Information
Questions about the Baker Electric, Inc. 401(k)
Does Baker Electric, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $446,466, 13% of all contributions.
Does the Baker Electric, Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Baker Electric, Inc 401(k) plan?
342 participants at the start of plan year 2024, 313 of them active employees, and 53 former employees who still had money in the plan.
What is the average 401(k) balance at Baker Electric, Inc?
About $56,423 per account: $20.3 million in plan assets across 359 accounts with a balance at the end of plan year 2024.
Who manages the Baker Electric, Inc 401(k) accounts?
Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Baker Electric, Inc. How do I access my 401(k)?
Your account stays with Principal 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.