Bay Electric Co., Inc. 401(k) Plan: Login, Facts & Contact Information

Bay Electric Co., Inc. 401(k) Plan Facts

Plan name
BAY ELECTRIC 401(K) PLAN FOR HOURLY EMPLOYEES
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BAY ELECTRIC CO., INC.
Participants
50 (26 active employees)
Former employees with a balance
32
Plan assets
$2,113,510 at Dec 31, 2024
Average account balance
$40,644 across 52 accounts
Employer contributions
$28,920 in plan year 2024 (48% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2008
✓ 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $59,897 went into the plan in contributions, $28,920 of it from the employer (48%).
  • $159,867 was paid out to participants.
  • Investment and other income added $237,341.

How the Bay Electric Co., Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201981$2.22 million$540,383$699,964
202072$2.20 million$171,856$598,005
202159$2.43 million$118,352$172,091
202253$1.68 million$67,959$388,731
202349$1.98 million$32,911$28,916
202450$2.11 million$28,920$159,867

Bay Electric Co., Inc. 401(k) Contact Information

Phone
757-595-2300
Mailing address
627 36TH STREET, NEWPORT NEWS VA 23607
Plan sponsor
BAY ELECTRIC CO., INC.
Employer identification number (EIN)
54-0798874
Plan number
002

Questions about the Bay Electric Co., Inc. 401(k)

Does Bay Electric Co., Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $28,920, 48% of all contributions.

Does the Bay Electric Co., Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Bay Electric Co., Inc 401(k) plan?

50 participants at the start of plan year 2024, 26 of them active employees, and 32 former employees who still had money in the plan.

What is the average 401(k) balance at Bay Electric Co., Inc?

About $40,644 per account: $2.11 million in plan assets across 52 accounts with a balance at the end of plan year 2024.

Who manages the Bay Electric Co., Inc 401(k) accounts?

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

I no longer work at Bay Electric Co., Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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