How big is Simco Electric, LLC's plan?

Simco Electric, LLC's plan reported $815K in assets and 5 participants for 2024.

Original filing (PDF)20251014142113NAL0006396130001

Simco Electric, LLC

Name: Simco Electric, LLC — Simco Electric, LLC 401(k) P/S, Form 5500 (2024)
Creator: Simco Electric, LLC
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Simco Electric, LLC 401(k) P/S Plan

401(k) retirement plan · Simco Electric, LLC's Simco Electric, LLC 401(k) P/S Plan held $815K in plan assets for 5 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$815K

Net assets (EOY)

$815K

People on this filing

Dean Simonson signed Simco Electric, LLC's 2024 Form 5500 as plan administrator.

Dean Simonson — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Simco Electric, LLC's EIN is 87-0724770.

EIN 87-0724770

Plan number 002

Plan year 2024

ACK ID 20251014142113NAL0006396130001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Simco Electric, LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Simco Electric, LLC's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for SIMCO ELECTRIC, LLC.

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Plan health score

Top-tier plan health

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.
High average account balance (86th percentile).
High account-holder ratio — balance-holders per active participant in the top 15% of peers (93rd percentile).

Plan sponsor

Name

SIMCO ELECTRIC, LLC

EIN

all filings

Address

3947 EAST CALVARY ROAD · DULUTH, MN · 55803

Phone

—

Industry

Electrical Contractors· Construction

Plan administrator