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

Oconnell Electric Co. 401(k) Plan Facts

Plan name
O'CONNELL ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
O'CONNELL ELECTRIC CO.
Participants
279 (186 active employees)
Former employees with a balance
97
Plan assets
$57,574,664 at Dec 31, 2024
Average account balance
$212,453 across 271 accounts
Employer contributions
$1,944,300 in plan year 2024 (59% of all contributions)
Recordkeeper
Burke Group
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 1, 1993
✓ 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

  • $3.28 million went into the plan in contributions, $1.94 million of it from the employer (59%).
  • $14.8 million was paid out to participants.
  • Investment and other income added $10.5 million.
  • Administrative expenses were $176,651, about $652 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019180$41.3 million$1.81 million$1.45 million
2020166$51.6 million$1.82 million$749,956
2021231$61.0 million$1.82 million$3.23 million
2022247$49.6 million$1.82 million$3.88 million
2023279$58.8 million$1.83 million$4.57 million
2024279$57.6 million$1.94 million$14.8 million

Oconnell Electric Co. 401(k) Contact Information

Phone
585-924-2176
Mailing address
830 PHILLIPS RD, VICTOR NY 14564
Plan sponsor
O'CONNELL ELECTRIC CO.
Employer identification number (EIN)
16-0950645
Plan number
002

Questions about the Oconnell Electric Co. 401(k)

Does Oconnell Electric Co contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.94 million, 59% of all contributions.

Does the Oconnell Electric Co 401(k) have automatic enrollment?

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

How many people are in the Oconnell Electric Co 401(k) plan?

279 participants at the start of plan year 2024, 186 of them active employees, and 97 former employees who still had money in the plan.

What is the average 401(k) balance at Oconnell Electric Co?

About $212,453 per account: $57.6 million in plan assets across 271 accounts with a balance at the end of plan year 2024.

Who manages the Oconnell Electric Co 401(k) accounts?

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

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

Your account stays with BURKE GROUP 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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