Civic Intelligence

Correct Electric Inc.

Plan context: Correct Electric Inc. 401K Salary Reduction Plan and Trust

EIN 76-0334293 • Houston, TX • 29 filings • 6 plans

8208 Gulf FreewayHouston, TX 77017
Current Snapshot

Latest Year

2024

2024 Participants

111

2024 Assets

$3,396,305

2024 Contributions

$586,269

Historical Graphs

Total Assets Over Time

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

$3,396,305$1,698,153$0199920142024YearValue
$3,396,305Latest year 2024

Participants Over Time

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

123620199920122024YearValue
111Latest 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
20242111$3,396,305$586,269$5,282iApproximate average salary by contribution assumption: employee only about $132,043 at 4% or $88,028 at 6%; with 50% employer match about $88,028 at 4% or $58,686 at 6%; with 100% employer match about $66,021 at 4% or $44,014 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-111$3,396,305$586,269$5,282iApproximate average salary by contribution assumption: employee only about $132,043 at 4% or $88,028 at 6%; with 50% employer match about $88,028 at 4% or $58,686 at 6%; with 100% employer match about $66,021 at 4% or $44,014 at 6%.
Correct Electric Inc.'S Health & Welfare Benefit Plan-109---
20231101$2,712,414$638,546$6,322iApproximate average salary by contribution assumption: employee only about $158,056 at 4% or $105,371 at 6%; with 50% employer match about $105,371 at 4% or $70,247 at 6%; with 100% employer match about $79,028 at 4% or $52,685 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-101$2,712,414$638,546$6,322iApproximate average salary by contribution assumption: employee only about $158,056 at 4% or $105,371 at 6%; with 50% employer match about $105,371 at 4% or $70,247 at 6%; with 100% employer match about $79,028 at 4% or $52,685 at 6%.
20221106$1,883,473$523,347$4,937iApproximate average salary by contribution assumption: employee only about $123,431 at 4% or $82,287 at 6%; with 50% employer match about $82,287 at 4% or $54,858 at 6%; with 100% employer match about $61,715 at 4% or $41,144 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-106$1,883,473$523,347$4,937iApproximate average salary by contribution assumption: employee only about $123,431 at 4% or $82,287 at 6%; with 50% employer match about $82,287 at 4% or $54,858 at 6%; with 100% employer match about $61,715 at 4% or $41,144 at 6%.
2021171$2,006,689$223,097$3,142iApproximate average salary by contribution assumption: employee only about $78,555 at 4% or $52,370 at 6%; with 50% employer match about $52,370 at 4% or $34,913 at 6%; with 100% employer match about $39,278 at 4% or $26,185 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-71$2,006,689$223,097$3,142iApproximate average salary by contribution assumption: employee only about $78,555 at 4% or $52,370 at 6%; with 50% employer match about $52,370 at 4% or $34,913 at 6%; with 100% employer match about $39,278 at 4% or $26,185 at 6%.
2020176$1,812,744$214,962$2,828iApproximate average salary by contribution assumption: employee only about $70,711 at 4% or $47,141 at 6%; with 50% employer match about $47,141 at 4% or $31,427 at 6%; with 100% employer match about $35,356 at 4% or $23,570 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-76$1,812,744$214,962$2,828iApproximate average salary by contribution assumption: employee only about $70,711 at 4% or $47,141 at 6%; with 50% employer match about $47,141 at 4% or $31,427 at 6%; with 100% employer match about $35,356 at 4% or $23,570 at 6%.
2019183$1,471,063$184,240$2,220iApproximate average salary by contribution assumption: employee only about $55,494 at 4% or $36,996 at 6%; with 50% employer match about $36,996 at 4% or $24,664 at 6%; with 100% employer match about $27,747 at 4% or $18,498 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-83$1,471,063$184,240$2,220iApproximate average salary by contribution assumption: employee only about $55,494 at 4% or $36,996 at 6%; with 50% employer match about $36,996 at 4% or $24,664 at 6%; with 100% employer match about $27,747 at 4% or $18,498 at 6%.
2018173$1,084,710$176,104$2,412iApproximate average salary by contribution assumption: employee only about $60,310 at 4% or $40,206 at 6%; with 50% employer match about $40,206 at 4% or $26,804 at 6%; with 100% employer match about $30,155 at 4% or $20,103 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-73$1,084,710$176,104$2,412iApproximate average salary by contribution assumption: employee only about $60,310 at 4% or $40,206 at 6%; with 50% employer match about $40,206 at 4% or $26,804 at 6%; with 100% employer match about $30,155 at 4% or $20,103 at 6%.
2017197$1,237,067$157,090$1,619iApproximate average salary by contribution assumption: employee only about $40,487 at 4% or $26,991 at 6%; with 50% employer match about $26,991 at 4% or $17,994 at 6%; with 100% employer match about $20,244 at 4% or $13,496 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-97$1,237,067$157,090$1,619iApproximate average salary by contribution assumption: employee only about $40,487 at 4% or $26,991 at 6%; with 50% employer match about $26,991 at 4% or $17,994 at 6%; with 100% employer match about $20,244 at 4% or $13,496 at 6%.
2016184$1,037,973$170,841$2,034iApproximate average salary by contribution assumption: employee only about $50,846 at 4% or $33,897 at 6%; with 50% employer match about $33,897 at 4% or $22,598 at 6%; with 100% employer match about $25,423 at 4% or $16,949 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-84$1,037,973$170,841$2,034iApproximate average salary by contribution assumption: employee only about $50,846 at 4% or $33,897 at 6%; with 50% employer match about $33,897 at 4% or $22,598 at 6%; with 100% employer match about $25,423 at 4% or $16,949 at 6%.
20151123$881,344$190,298$1,547iApproximate average salary by contribution assumption: employee only about $38,678 at 4% or $25,786 at 6%; with 50% employer match about $25,786 at 4% or $17,190 at 6%; with 100% employer match about $19,339 at 4% or $12,893 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-123$881,344$190,298$1,547iApproximate average salary by contribution assumption: employee only about $38,678 at 4% or $25,786 at 6%; with 50% employer match about $25,786 at 4% or $17,190 at 6%; with 100% employer match about $19,339 at 4% or $12,893 at 6%.
2014181$775,279$67,336$831iApproximate average salary by contribution assumption: employee only about $20,783 at 4% or $13,855 at 6%; with 50% employer match about $13,855 at 4% or $9,237 at 6%; with 100% employer match about $10,391 at 4% or $6,928 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-81$775,279$67,336$831iApproximate average salary by contribution assumption: employee only about $20,783 at 4% or $13,855 at 6%; with 50% employer match about $13,855 at 4% or $9,237 at 6%; with 100% employer match about $10,391 at 4% or $6,928 at 6%.
2013192$741,810$63,980$695iApproximate average salary by contribution assumption: employee only about $17,386 at 4% or $11,591 at 6%; with 50% employer match about $11,591 at 4% or $7,727 at 6%; with 100% employer match about $8,693 at 4% or $5,795 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-92$741,810$63,980$695iApproximate average salary by contribution assumption: employee only about $17,386 at 4% or $11,591 at 6%; with 50% employer match about $11,591 at 4% or $7,727 at 6%; with 100% employer match about $8,693 at 4% or $5,795 at 6%.
2012196$613,337$97,568$1,016iApproximate average salary by contribution assumption: employee only about $25,408 at 4% or $16,939 at 6%; with 50% employer match about $16,939 at 4% or $11,293 at 6%; with 100% employer match about $12,704 at 4% or $8,469 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-96$613,337$97,568$1,016iApproximate average salary by contribution assumption: employee only about $25,408 at 4% or $16,939 at 6%; with 50% employer match about $16,939 at 4% or $11,293 at 6%; with 100% employer match about $12,704 at 4% or $8,469 at 6%.
2011181$590,291$144,969$1,790iApproximate average salary by contribution assumption: employee only about $44,744 at 4% or $29,829 at 6%; with 50% employer match about $29,829 at 4% or $19,886 at 6%; with 100% employer match about $22,372 at 4% or $14,915 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-81$590,291$144,969$1,790iApproximate average salary by contribution assumption: employee only about $44,744 at 4% or $29,829 at 6%; with 50% employer match about $29,829 at 4% or $19,886 at 6%; with 100% employer match about $22,372 at 4% or $14,915 at 6%.
2010157$498,239$101,638$1,783iApproximate average salary by contribution assumption: employee only about $44,578 at 4% or $29,719 at 6%; with 50% employer match about $29,719 at 4% or $19,812 at 6%; with 100% employer match about $22,289 at 4% or $14,859 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-57$498,239$101,638$1,783iApproximate average salary by contribution assumption: employee only about $44,578 at 4% or $29,719 at 6%; with 50% employer match about $29,719 at 4% or $19,812 at 6%; with 100% employer match about $22,289 at 4% or $14,859 at 6%.
2009261$510,095$151,428$2,482iApproximate average salary by contribution assumption: employee only about $62,061 at 4% or $41,374 at 6%; with 50% employer match about $41,374 at 4% or $27,583 at 6%; with 100% employer match about $31,030 at 4% or $20,687 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-61$510,095$130,483$2,139iApproximate average salary by contribution assumption: employee only about $53,477 at 4% or $35,651 at 6%; with 50% employer match about $35,651 at 4% or $23,767 at 6%; with 100% employer match about $26,738 at 4% or $17,826 at 6%.
Correct Electric Inc.'S Health & Welfare Benefit Plan-0-$20,945-
20082106$0$0-
Correct Electric Inc. 401K Salary Reduction Plan and Trust-106---
Correct Electric Inc.'S Health & Welfare Benefit Plan-50---
2007163$0$0-
Correct Electric Inc.'S Health & Welfare Benefit Plan-63---
200610$0$0-
Correct Electric Inc. 401K Salary Reduction Plan and Trust-0---
2005185$0$0-
Correct Electric Inc. 401K Salary Reduction Plan and Trust-85---
2004168$364,057$42,933$631iApproximate average salary by contribution assumption: employee only about $15,784 at 4% or $10,523 at 6%; with 50% employer match about $10,523 at 4% or $7,015 at 6%; with 100% employer match about $7,892 at 4% or $5,261 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-68$364,057$42,933$631iApproximate average salary by contribution assumption: employee only about $15,784 at 4% or $10,523 at 6%; with 50% employer match about $10,523 at 4% or $7,015 at 6%; with 100% employer match about $7,892 at 4% or $5,261 at 6%.
2003180$399,615$48,686$609iApproximate average salary by contribution assumption: employee only about $15,214 at 4% or $10,143 at 6%; with 50% employer match about $10,143 at 4% or $6,762 at 6%; with 100% employer match about $7,607 at 4% or $5,071 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-80$399,615$48,686$609iApproximate average salary by contribution assumption: employee only about $15,214 at 4% or $10,143 at 6%; with 50% employer match about $10,143 at 4% or $6,762 at 6%; with 100% employer match about $7,607 at 4% or $5,071 at 6%.
2002146$356,069$101,203$2,200iApproximate average salary by contribution assumption: employee only about $55,002 at 4% or $36,668 at 6%; with 50% employer match about $36,668 at 4% or $24,445 at 6%; with 100% employer match about $27,501 at 4% or $18,334 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-46$356,069$101,203$2,200iApproximate average salary by contribution assumption: employee only about $55,002 at 4% or $36,668 at 6%; with 50% employer match about $36,668 at 4% or $24,445 at 6%; with 100% employer match about $27,501 at 4% or $18,334 at 6%.
2001174$321,441$94,084$1,271iApproximate average salary by contribution assumption: employee only about $31,785 at 4% or $21,190 at 6%; with 50% employer match about $21,190 at 4% or $14,127 at 6%; with 100% employer match about $15,893 at 4% or $10,595 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-74$321,441$94,084$1,271iApproximate average salary by contribution assumption: employee only about $31,785 at 4% or $21,190 at 6%; with 50% employer match about $21,190 at 4% or $14,127 at 6%; with 100% employer match about $15,893 at 4% or $10,595 at 6%.
2000183$265,052$70,793$853iApproximate average salary by contribution assumption: employee only about $21,323 at 4% or $14,215 at 6%; with 50% employer match about $14,215 at 4% or $9,477 at 6%; with 100% employer match about $10,662 at 4% or $7,108 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-83$265,052$70,793$853iApproximate average salary by contribution assumption: employee only about $21,323 at 4% or $14,215 at 6%; with 50% employer match about $14,215 at 4% or $9,477 at 6%; with 100% employer match about $10,662 at 4% or $7,108 at 6%.
1999173$276,574$69,093$946iApproximate average salary by contribution assumption: employee only about $23,662 at 4% or $15,775 at 6%; with 50% employer match about $15,775 at 4% or $10,516 at 6%; with 100% employer match about $11,831 at 4% or $7,887 at 6%.
Correct Electric Inc. 401K Salary Reduction Plan and Trust-73$276,574$69,093$946iApproximate average salary by contribution assumption: employee only about $23,662 at 4% or $15,775 at 6%; with 50% employer match about $15,775 at 4% or $10,516 at 6%; with 100% employer match about $11,831 at 4% or $7,887 at 6%.