Civic Intelligence

Foster Electric Co. Inc.

Plan context: Foster Electric Company Inc. Employee Stock Ownership Plan

EIN 54-0839555 • Lynchburg, VA • 47 filings • 4 plans

1420 Campbell AveLynchburg, VA 24501
Current Snapshot

Latest Year

2024

2024 Participants

23

2024 Assets

$10,112,531

2024 Contributions

$277,871

Historical Graphs

Total Assets Over Time

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

$10,112,531$5,056,266$0199920132024YearValue
$10,112,531Latest year 2024

Participants Over Time

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

33170199920122024YearValue
23Latest 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
2024323$10,112,531$277,871$12,081iApproximate average salary by contribution assumption: employee only about $302,034 at 4% or $201,356 at 6%; with 50% employer match about $201,356 at 4% or $134,237 at 6%; with 100% employer match about $151,017 at 4% or $100,678 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-17$5,255,357--
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-23$4,810,028$247,383$10,756iApproximate average salary by contribution assumption: employee only about $268,895 at 4% or $179,263 at 6%; with 50% employer match about $179,263 at 4% or $119,509 at 6%; with 100% employer match about $134,447 at 4% or $89,632 at 6%.
FOSTER ELECTRIC COMPANY INC WHAT BENEFIT PLAN-17$47,146$30,488$1,793iApproximate average salary by contribution assumption: employee only about $44,835 at 4% or $29,890 at 6%; with 50% employer match about $29,890 at 4% or $19,927 at 6%; with 100% employer match about $22,418 at 4% or $14,945 at 6%.
2023223$8,857,913$172,507$7,500iApproximate average salary by contribution assumption: employee only about $187,508 at 4% or $125,005 at 6%; with 50% employer match about $125,005 at 4% or $83,337 at 6%; with 100% employer match about $93,754 at 4% or $62,503 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-23$5,070,262--
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-22$3,787,651$172,507$7,841iApproximate average salary by contribution assumption: employee only about $196,031 at 4% or $130,687 at 6%; with 50% employer match about $130,687 at 4% or $87,125 at 6%; with 100% employer match about $98,015 at 4% or $65,344 at 6%.
2022224$7,379,257$181,742$7,573iApproximate average salary by contribution assumption: employee only about $189,315 at 4% or $126,210 at 6%; with 50% employer match about $126,210 at 4% or $84,140 at 6%; with 100% employer match about $94,657 at 4% or $63,105 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-22$4,271,462--
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-24$3,107,795$181,742$7,573iApproximate average salary by contribution assumption: employee only about $189,315 at 4% or $126,210 at 6%; with 50% employer match about $126,210 at 4% or $84,140 at 6%; with 100% employer match about $94,657 at 4% or $63,105 at 6%.
2021223$8,724,855$255,595$11,113iApproximate average salary by contribution assumption: employee only about $277,821 at 4% or $185,214 at 6%; with 50% employer match about $185,214 at 4% or $123,476 at 6%; with 100% employer match about $138,910 at 4% or $92,607 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-23$4,827,944$158,675$6,899iApproximate average salary by contribution assumption: employee only about $172,473 at 4% or $114,982 at 6%; with 50% employer match about $114,982 at 4% or $76,655 at 6%; with 100% employer match about $86,236 at 4% or $57,491 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-18$3,896,911$96,920$5,384iApproximate average salary by contribution assumption: employee only about $134,611 at 4% or $89,741 at 6%; with 50% employer match about $89,741 at 4% or $59,827 at 6%; with 100% employer match about $67,306 at 4% or $44,870 at 6%.
2020225$8,228,908$250,353$10,014iApproximate average salary by contribution assumption: employee only about $250,353 at 4% or $166,902 at 6%; with 50% employer match about $166,902 at 4% or $111,268 at 6%; with 100% employer match about $125,177 at 4% or $83,451 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-25$4,717,201$153,433$6,137iApproximate average salary by contribution assumption: employee only about $153,433 at 4% or $102,289 at 6%; with 50% employer match about $102,289 at 4% or $68,192 at 6%; with 100% employer match about $76,717 at 4% or $51,144 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-23$3,511,707$96,920$4,214iApproximate average salary by contribution assumption: employee only about $105,348 at 4% or $70,232 at 6%; with 50% employer match about $70,232 at 4% or $46,821 at 6%; with 100% employer match about $52,674 at 4% or $35,116 at 6%.
2019224$6,871,315$256,247$10,677iApproximate average salary by contribution assumption: employee only about $266,924 at 4% or $177,949 at 6%; with 50% employer match about $177,949 at 4% or $118,633 at 6%; with 100% employer match about $133,462 at 4% or $88,975 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-24$3,907,849$159,327$6,639iApproximate average salary by contribution assumption: employee only about $165,966 at 4% or $110,644 at 6%; with 50% employer match about $110,644 at 4% or $73,763 at 6%; with 100% employer match about $82,983 at 4% or $55,322 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-23$2,963,466$96,920$4,214iApproximate average salary by contribution assumption: employee only about $105,348 at 4% or $70,232 at 6%; with 50% employer match about $70,232 at 4% or $46,821 at 6%; with 100% employer match about $52,674 at 4% or $35,116 at 6%.
2018223$6,048,986$260,801$11,339iApproximate average salary by contribution assumption: employee only about $283,479 at 4% or $188,986 at 6%; with 50% employer match about $188,986 at 4% or $125,991 at 6%; with 100% employer match about $141,740 at 4% or $94,493 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-23$3,054,932$163,881$7,125iApproximate average salary by contribution assumption: employee only about $178,132 at 4% or $118,754 at 6%; with 50% employer match about $118,754 at 4% or $79,170 at 6%; with 100% employer match about $89,066 at 4% or $59,377 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-23$2,994,054$96,920$4,214iApproximate average salary by contribution assumption: employee only about $105,348 at 4% or $70,232 at 6%; with 50% employer match about $70,232 at 4% or $46,821 at 6%; with 100% employer match about $52,674 at 4% or $35,116 at 6%.
2017226$7,261,145$526,348$20,244iApproximate average salary by contribution assumption: employee only about $506,104 at 4% or $337,403 at 6%; with 50% employer match about $337,403 at 4% or $224,935 at 6%; with 100% employer match about $253,052 at 4% or $168,701 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-26$4,284,501$188,845$7,263iApproximate average salary by contribution assumption: employee only about $181,582 at 4% or $121,054 at 6%; with 50% employer match about $121,054 at 4% or $80,703 at 6%; with 100% employer match about $90,791 at 4% or $60,527 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-24$2,976,644$337,503$14,063iApproximate average salary by contribution assumption: employee only about $351,566 at 4% or $234,377 at 6%; with 50% employer match about $234,377 at 4% or $156,251 at 6%; with 100% employer match about $175,783 at 4% or $117,189 at 6%.
2016226$7,371,700$536,711$20,643iApproximate average salary by contribution assumption: employee only about $516,068 at 4% or $344,046 at 6%; with 50% employer match about $344,046 at 4% or $229,364 at 6%; with 100% employer match about $258,034 at 4% or $172,023 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-26$4,412,241$158,625$6,101iApproximate average salary by contribution assumption: employee only about $152,524 at 4% or $101,683 at 6%; with 50% employer match about $101,683 at 4% or $67,788 at 6%; with 100% employer match about $76,262 at 4% or $50,841 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-24$2,959,459$378,086$15,754iApproximate average salary by contribution assumption: employee only about $393,840 at 4% or $262,560 at 6%; with 50% employer match about $262,560 at 4% or $175,040 at 6%; with 100% employer match about $196,920 at 4% or $131,280 at 6%.
2015228$7,014,621$698,502$24,947iApproximate average salary by contribution assumption: employee only about $623,663 at 4% or $415,775 at 6%; with 50% employer match about $415,775 at 4% or $277,183 at 6%; with 100% employer match about $311,831 at 4% or $207,888 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-28$4,184,998$390,416$13,943iApproximate average salary by contribution assumption: employee only about $348,586 at 4% or $232,390 at 6%; with 50% employer match about $232,390 at 4% or $154,927 at 6%; with 100% employer match about $174,293 at 4% or $116,195 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-28$2,829,623$308,086$11,003iApproximate average salary by contribution assumption: employee only about $275,077 at 4% or $183,385 at 6%; with 50% employer match about $183,385 at 4% or $122,256 at 6%; with 100% employer match about $137,538 at 4% or $91,692 at 6%.
2014230$7,063,107$431,197$14,373iApproximate average salary by contribution assumption: employee only about $359,331 at 4% or $239,554 at 6%; with 50% employer match about $239,554 at 4% or $159,703 at 6%; with 100% employer match about $179,665 at 4% or $119,777 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-28$4,378,440$183,111$6,540iApproximate average salary by contribution assumption: employee only about $163,492 at 4% or $108,995 at 6%; with 50% employer match about $108,995 at 4% or $72,663 at 6%; with 100% employer match about $81,746 at 4% or $54,497 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-30$2,684,667$248,086$8,270iApproximate average salary by contribution assumption: employee only about $206,738 at 4% or $137,826 at 6%; with 50% employer match about $137,826 at 4% or $91,884 at 6%; with 100% employer match about $103,369 at 4% or $68,913 at 6%.
2013229$7,117,679$608,617$20,987iApproximate average salary by contribution assumption: employee only about $524,670 at 4% or $349,780 at 6%; with 50% employer match about $349,780 at 4% or $233,187 at 6%; with 100% employer match about $262,335 at 4% or $174,890 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-29$4,167,710$183,325$6,322iApproximate average salary by contribution assumption: employee only about $158,039 at 4% or $105,359 at 6%; with 50% employer match about $105,359 at 4% or $70,239 at 6%; with 100% employer match about $79,019 at 4% or $52,680 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-29$2,949,969$425,292$14,665iApproximate average salary by contribution assumption: employee only about $366,631 at 4% or $244,421 at 6%; with 50% employer match about $244,421 at 4% or $162,947 at 6%; with 100% employer match about $183,316 at 4% or $122,210 at 6%.
2012229$6,081,714$427,063$14,726iApproximate average salary by contribution assumption: employee only about $368,158 at 4% or $245,439 at 6%; with 50% employer match about $245,439 at 4% or $163,626 at 6%; with 100% employer match about $184,079 at 4% or $122,719 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-29$3,311,071$178,746$6,164iApproximate average salary by contribution assumption: employee only about $154,091 at 4% or $102,728 at 6%; with 50% employer match about $102,728 at 4% or $68,485 at 6%; with 100% employer match about $77,046 at 4% or $51,364 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-26$2,770,643$248,317$9,551iApproximate average salary by contribution assumption: employee only about $238,766 at 4% or $159,178 at 6%; with 50% employer match about $159,178 at 4% or $106,118 at 6%; with 100% employer match about $119,383 at 4% or $79,589 at 6%.
2011230$5,570,620$538,638$17,955iApproximate average salary by contribution assumption: employee only about $448,865 at 4% or $299,243 at 6%; with 50% employer match about $299,243 at 4% or $199,496 at 6%; with 100% employer match about $224,432 at 4% or $149,622 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-29$2,807,821$200,156$6,902iApproximate average salary by contribution assumption: employee only about $172,548 at 4% or $115,032 at 6%; with 50% employer match about $115,032 at 4% or $76,688 at 6%; with 100% employer match about $86,274 at 4% or $57,516 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-30$2,762,799$338,482$11,283iApproximate average salary by contribution assumption: employee only about $282,068 at 4% or $188,046 at 6%; with 50% employer match about $188,046 at 4% or $125,364 at 6%; with 100% employer match about $141,034 at 4% or $94,023 at 6%.
2010230$5,564,889$504,094$16,803iApproximate average salary by contribution assumption: employee only about $420,078 at 4% or $280,052 at 6%; with 50% employer match about $280,052 at 4% or $186,701 at 6%; with 100% employer match about $210,039 at 4% or $140,026 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-30$2,845,169$320,063$10,669iApproximate average salary by contribution assumption: employee only about $266,719 at 4% or $177,813 at 6%; with 50% employer match about $177,813 at 4% or $118,542 at 6%; with 100% employer match about $133,360 at 4% or $88,906 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-30$2,719,720$184,031$6,134iApproximate average salary by contribution assumption: employee only about $153,359 at 4% or $102,239 at 6%; with 50% employer match about $102,239 at 4% or $68,160 at 6%; with 100% employer match about $76,680 at 4% or $51,120 at 6%.
2009233$4,240,652$495,278$15,008iApproximate average salary by contribution assumption: employee only about $375,211 at 4% or $250,140 at 6%; with 50% employer match about $250,140 at 4% or $166,760 at 6%; with 100% employer match about $187,605 at 4% or $125,070 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-33$2,399,724$191,251$5,795iApproximate average salary by contribution assumption: employee only about $144,887 at 4% or $96,591 at 6%; with 50% employer match about $96,591 at 4% or $64,394 at 6%; with 100% employer match about $72,444 at 4% or $48,296 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-31$1,840,928$304,027$9,807iApproximate average salary by contribution assumption: employee only about $245,183 at 4% or $163,455 at 6%; with 50% employer match about $163,455 at 4% or $108,970 at 6%; with 100% employer match about $122,592 at 4% or $81,728 at 6%.
2008231$1,705,014$250,544$8,082iApproximate average salary by contribution assumption: employee only about $202,052 at 4% or $134,701 at 6%; with 50% employer match about $134,701 at 4% or $89,801 at 6%; with 100% employer match about $101,026 at 4% or $67,351 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-30$1,705,014$250,544$8,351iApproximate average salary by contribution assumption: employee only about $208,787 at 4% or $139,191 at 6%; with 50% employer match about $139,191 at 4% or $92,794 at 6%; with 100% employer match about $104,393 at 4% or $69,596 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-31---
2007229$0$0-
Foster Electric Company Inc. Employee Stock Ownership Plan-29---
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-28---
2006229$4,036,623$594,104$20,486iApproximate average salary by contribution assumption: employee only about $512,159 at 4% or $341,439 at 6%; with 50% employer match about $341,439 at 4% or $227,626 at 6%; with 100% employer match about $256,079 at 4% or $170,720 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-26$3,296,858$216,470$8,326iApproximate average salary by contribution assumption: employee only about $208,144 at 4% or $138,763 at 6%; with 50% employer match about $138,763 at 4% or $92,509 at 6%; with 100% employer match about $104,072 at 4% or $69,381 at 6%.
Foster Electric Company Inc. Employee Stock Ownership Plan-29$739,765$377,634$13,022iApproximate average salary by contribution assumption: employee only about $325,547 at 4% or $217,031 at 6%; with 50% employer match about $217,031 at 4% or $144,687 at 6%; with 100% employer match about $162,773 at 4% or $108,516 at 6%.
2005232$0$0-
Foster Electric Company Inc. Employee Stock Ownership Plan-32---
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-29---
2004129$2,492,621$206,278$7,113iApproximate average salary by contribution assumption: employee only about $177,826 at 4% or $118,551 at 6%; with 50% employer match about $118,551 at 4% or $79,034 at 6%; with 100% employer match about $88,913 at 4% or $59,275 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-29$2,492,621$206,278$7,113iApproximate average salary by contribution assumption: employee only about $177,826 at 4% or $118,551 at 6%; with 50% employer match about $118,551 at 4% or $79,034 at 6%; with 100% employer match about $88,913 at 4% or $59,275 at 6%.
2003128$2,122,282$183,714$6,561iApproximate average salary by contribution assumption: employee only about $164,030 at 4% or $109,354 at 6%; with 50% employer match about $109,354 at 4% or $72,902 at 6%; with 100% employer match about $82,015 at 4% or $54,677 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-28$2,122,282$183,714$6,561iApproximate average salary by contribution assumption: employee only about $164,030 at 4% or $109,354 at 6%; with 50% employer match about $109,354 at 4% or $72,902 at 6%; with 100% employer match about $82,015 at 4% or $54,677 at 6%.
2002130$1,782,908$162,267$5,409iApproximate average salary by contribution assumption: employee only about $135,223 at 4% or $90,148 at 6%; with 50% employer match about $90,148 at 4% or $60,099 at 6%; with 100% employer match about $67,611 at 4% or $45,074 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-30$1,782,908$162,267$5,409iApproximate average salary by contribution assumption: employee only about $135,223 at 4% or $90,148 at 6%; with 50% employer match about $90,148 at 4% or $60,099 at 6%; with 100% employer match about $67,611 at 4% or $45,074 at 6%.
2001133$0$0-
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-33---
2000129$1,810,817$144,013$4,966iApproximate average salary by contribution assumption: employee only about $124,149 at 4% or $82,766 at 6%; with 50% employer match about $82,766 at 4% or $55,177 at 6%; with 100% employer match about $62,075 at 4% or $41,383 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-29$1,810,817$144,013$4,966iApproximate average salary by contribution assumption: employee only about $124,149 at 4% or $82,766 at 6%; with 50% employer match about $82,766 at 4% or $55,177 at 6%; with 100% employer match about $62,075 at 4% or $41,383 at 6%.
1999128$1,938,919$147,945$5,284iApproximate average salary by contribution assumption: employee only about $132,094 at 4% or $88,063 at 6%; with 50% employer match about $88,063 at 4% or $58,708 at 6%; with 100% employer match about $66,047 at 4% or $44,031 at 6%.
Foster Electric Co. Inc. 401(K) Profit Sharing Plan-28$1,938,919$147,945$5,284iApproximate average salary by contribution assumption: employee only about $132,094 at 4% or $88,063 at 6%; with 50% employer match about $88,063 at 4% or $58,708 at 6%; with 100% employer match about $66,047 at 4% or $44,031 at 6%.