Civic Intelligence

Preferred Electric Inc.

Plan context: Preferred Electric 401(K) Employee Savings Plan

EIN 26-2102085 • Minneapolis, MN • 11 filings • 1 plans

2825 North 2nd StreetMinneapolis, MN 55411
Current Snapshot

Latest Year

2024

2024 Participants

13

2024 Assets

$2,398,803

2024 Contributions

$433,724

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,398,803$1,199,402$0201420192024YearValue
$2,398,803Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

1370201420192024YearValue
13Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024113$2,398,803$433,724$33,363iApproximate average salary by contribution assumption: employee only about $834,085 at 4% or $556,056 at 6%; with 50% employer match about $556,056 at 4% or $370,704 at 6%; with 100% employer match about $417,042 at 4% or $278,028 at 6%.
Preferred Electric 401(K) Employee Savings Plan-13$2,398,803$433,724$33,363iApproximate average salary by contribution assumption: employee only about $834,085 at 4% or $556,056 at 6%; with 50% employer match about $556,056 at 4% or $370,704 at 6%; with 100% employer match about $417,042 at 4% or $278,028 at 6%.
2023112$1,725,439$356,932$29,744iApproximate average salary by contribution assumption: employee only about $743,608 at 4% or $495,739 at 6%; with 50% employer match about $495,739 at 4% or $330,493 at 6%; with 100% employer match about $371,804 at 4% or $247,869 at 6%.
Preferred Electric 401(K) Employee Savings Plan-12$1,725,439$356,932$29,744iApproximate average salary by contribution assumption: employee only about $743,608 at 4% or $495,739 at 6%; with 50% employer match about $495,739 at 4% or $330,493 at 6%; with 100% employer match about $371,804 at 4% or $247,869 at 6%.
2022111$1,130,375$305,835$27,803iApproximate average salary by contribution assumption: employee only about $695,080 at 4% or $463,386 at 6%; with 50% employer match about $463,386 at 4% or $308,924 at 6%; with 100% employer match about $347,540 at 4% or $231,693 at 6%.
Preferred Electric 401(K) Employee Savings Plan-11$1,130,375$305,835$27,803iApproximate average salary by contribution assumption: employee only about $695,080 at 4% or $463,386 at 6%; with 50% employer match about $463,386 at 4% or $308,924 at 6%; with 100% employer match about $347,540 at 4% or $231,693 at 6%.
2021112$1,058,605$154,807$12,901iApproximate average salary by contribution assumption: employee only about $322,515 at 4% or $215,010 at 6%; with 50% employer match about $215,010 at 4% or $143,340 at 6%; with 100% employer match about $161,257 at 4% or $107,505 at 6%.
Preferred Electric 401(K) Employee Savings Plan-12$1,058,605$154,807$12,901iApproximate average salary by contribution assumption: employee only about $322,515 at 4% or $215,010 at 6%; with 50% employer match about $215,010 at 4% or $143,340 at 6%; with 100% employer match about $161,257 at 4% or $107,505 at 6%.
2020110$792,737$115,588$11,559iApproximate average salary by contribution assumption: employee only about $288,970 at 4% or $192,647 at 6%; with 50% employer match about $192,647 at 4% or $128,431 at 6%; with 100% employer match about $144,485 at 4% or $96,323 at 6%.
Preferred Electric 401(K) Employee Savings Plan-10$792,737$115,588$11,559iApproximate average salary by contribution assumption: employee only about $288,970 at 4% or $192,647 at 6%; with 50% employer match about $192,647 at 4% or $128,431 at 6%; with 100% employer match about $144,485 at 4% or $96,323 at 6%.
201917$579,461$246,738$35,248iApproximate average salary by contribution assumption: employee only about $881,207 at 4% or $587,471 at 6%; with 50% employer match about $587,471 at 4% or $391,648 at 6%; with 100% employer match about $440,604 at 4% or $293,736 at 6%.
Preferred Electric 401(K) Employee Savings Plan-7$579,461$246,738$35,248iApproximate average salary by contribution assumption: employee only about $881,207 at 4% or $587,471 at 6%; with 50% employer match about $587,471 at 4% or $391,648 at 6%; with 100% employer match about $440,604 at 4% or $293,736 at 6%.
201817$291,872$83,257$11,894iApproximate average salary by contribution assumption: employee only about $297,346 at 4% or $198,231 at 6%; with 50% employer match about $198,231 at 4% or $132,154 at 6%; with 100% employer match about $148,673 at 4% or $99,115 at 6%.
Preferred Electric 401(K) Employee Savings Plan-7$291,872$83,257$11,894iApproximate average salary by contribution assumption: employee only about $297,346 at 4% or $198,231 at 6%; with 50% employer match about $198,231 at 4% or $132,154 at 6%; with 100% employer match about $148,673 at 4% or $99,115 at 6%.
201718$241,900$64,518$8,065iApproximate average salary by contribution assumption: employee only about $201,619 at 4% or $134,413 at 6%; with 50% employer match about $134,413 at 4% or $89,608 at 6%; with 100% employer match about $100,809 at 4% or $67,206 at 6%.
Preferred Electric 401(K) Employee Savings Plan-8$241,900$64,518$8,065iApproximate average salary by contribution assumption: employee only about $201,619 at 4% or $134,413 at 6%; with 50% employer match about $134,413 at 4% or $89,608 at 6%; with 100% employer match about $100,809 at 4% or $67,206 at 6%.
201616$146,095$75,150$12,525iApproximate average salary by contribution assumption: employee only about $313,125 at 4% or $208,750 at 6%; with 50% employer match about $208,750 at 4% or $139,167 at 6%; with 100% employer match about $156,563 at 4% or $104,375 at 6%.
Preferred Electric 401(K) Employee Savings Plan-6$146,095$75,150$12,525iApproximate average salary by contribution assumption: employee only about $313,125 at 4% or $208,750 at 6%; with 50% employer match about $208,750 at 4% or $139,167 at 6%; with 100% employer match about $156,563 at 4% or $104,375 at 6%.
201516$65,444$37,491$6,249iApproximate average salary by contribution assumption: employee only about $156,213 at 4% or $104,142 at 6%; with 50% employer match about $104,142 at 4% or $69,428 at 6%; with 100% employer match about $78,106 at 4% or $52,071 at 6%.
Preferred Electric 401(K) Employee Savings Plan-6$65,444$37,491$6,249iApproximate average salary by contribution assumption: employee only about $156,213 at 4% or $104,142 at 6%; with 50% employer match about $104,142 at 4% or $69,428 at 6%; with 100% employer match about $78,106 at 4% or $52,071 at 6%.
201413$28,542$28,572$9,524iApproximate average salary by contribution assumption: employee only about $238,100 at 4% or $158,733 at 6%; with 50% employer match about $158,733 at 4% or $105,822 at 6%; with 100% employer match about $119,050 at 4% or $79,367 at 6%.
Preferred Electric 401(K) Employee Savings Plan-3$28,542$28,572$9,524iApproximate average salary by contribution assumption: employee only about $238,100 at 4% or $158,733 at 6%; with 50% employer match about $158,733 at 4% or $105,822 at 6%; with 100% employer match about $119,050 at 4% or $79,367 at 6%.