Mayer Electric Supply Co Inc 401(k) Plan: Login, Facts & Contact Information
Mayer Electric Supply Co Inc 401(k) Login
356 former Mayer Electric Supply Co Inc employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2022 filing.
Mayer Electric Supply Co Inc 401(k) Plan Facts
Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 16, 2023. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2022
- $20.4 million went into the plan in contributions, $10.5 million of it from the employer (52%).
- $19.3 million was paid out to participants.
- Administrative expenses were $17,010, about $11 per account.
How the Mayer Electric Supply Co Inc 401(k) changed, 2017–2022
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2017 | 1,311 | $125.6 million | $1.90 million | $7.02 million |
| 2018 | 1,373 | $127.6 million | $1.10 million | $12.0 million |
| 2019 | 1,447 | $158.6 million | $1.81 million | $8.75 million |
| 2020 | 1,486 | $184.5 million | $1.35 million | $14.1 million |
| 2021 | 1,460 | $190.1 million | $8.31 million | $34.2 million |
| 2022 | 1,500 | $156.2 million | $10.5 million | $19.3 million |
Mayer Electric Supply Co Inc 401(k) Contact Information
Questions about the Mayer Electric Supply Co Inc 401(k)
Does Mayer Electric Supply Co Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $10.5 million, 52% of all contributions.
Does the Mayer Electric Supply Co Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Mayer Electric Supply Co Inc 401(k) plan?
1,500 participants at the start of plan year 2022, 1,205 of them active employees, and 356 former employees who still had money in the plan.
What is the average 401(k) balance at Mayer Electric Supply Co Inc?
About $99,867 per account: $156.2 million in plan assets across 1,564 accounts with a balance at the end of plan year 2022.
Who manages the Mayer Electric Supply Co Inc 401(k) accounts?
Empower (listed on the filing as PRUDENTIAL RETIREMENT INS & ANNUITY) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Mayer Electric Supply Co Inc. How do I access my 401(k)?
Your account stays with Empower 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.