Muth Electric Inc 401(k) Plan: Login, Facts & Contact Information

Muth Electric Inc 401(k) Plan Facts

Plan name
MUTH ELECTRIC, INC. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MUTH ELECTRIC INC
Participants
559 (496 active employees)
Former employees with a balance
112
Plan assets
$42,477,447 at Dec 31, 2024
Average account balance
$71,511 across 594 accounts
Employer contributions
$809,758 in plan year 2024 (21% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1999
✓ 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

  • $3.94 million went into the plan in contributions, $809,758 of it from the employer (21%).
  • $3.76 million was paid out to participants.
  • Investment and other income added $5.03 million.
  • Administrative expenses were $132,528, about $223 per account.

How the Muth Electric Inc 401(k) changed, 2018–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018392$25.9 million$567,517$3.36 million
2019461$29.7 million$583,374$4.08 million
2020465$35.9 million$505,336$1.07 million
2021435$40.5 million$544,724$3.40 million
2022451$33.4 million$629,772$2.84 million
2024559$42.5 million$809,758$3.76 million

Muth Electric Inc 401(k) Contact Information

Phone
605-996-3983
Mailing address
1717 N SANBORN BLVD, MITCHELL SD 573017400
Plan sponsor
MUTH ELECTRIC INC
Employer identification number (EIN)
71-0893353
Plan number
001

Questions about the Muth Electric Inc 401(k)

Does Muth Electric Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $809,758, 21% of all contributions.

Does the Muth Electric Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Muth Electric Inc 401(k) plan?

559 participants at the start of plan year 2024, 496 of them active employees, and 112 former employees who still had money in the plan.

What is the average 401(k) balance at Muth Electric Inc?

About $71,511 per account: $42.5 million in plan assets across 594 accounts with a balance at the end of plan year 2024.

Who manages the Muth 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 Muth 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.

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