Department of Labor filing

PHASED RIGHT INCORPORATED DBA NEI ELECTRIC POWER ENGINEERING, INC.

NEI ELECTRIC POWER ENGINEERING, INC. 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Sep 3, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

65filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$4,407

Reported employer contributions per active participant.

Higher than about 68% of comparable plans

#People in the filing

295

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$144 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 57% of comparable plans

↗Investment performance

Not available

Plan assets changed 34.3%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202465out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions68th percentileTypical peer $3,137 · based on 5,509 comparable plans

Lower reported administrative expense57th percentileTypical peer $173 · based on 5,672 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, PHASED RIGHT INCORPORATED DBA NEI ELECTRIC POWER ENGINEERING, INC. reported $1,299,997 in employer contributions across the plan and 295 active participants. That works out to $4,407 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy85%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 33.4%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 5.1%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context65/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $1,299,997
Participant contributions: $2,556,607
Other contributions: $480,866
Employer share of reported contributions: 33.7%
Beginning assets: $16,559,312
Ending assets: $22,245,989
Ending net assets: $22,245,989
Ending liabilities: $0
Total income: $6,894,590
Total expenses: $1,207,913
Administrative expenses: $46,554
Participant loans: $158,717

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$3,304

2023

$3,650

2024

$4,407

Plan-paid administrative expenses per participant

2022

$137

2023

$124

2024

$144

Active participants

2022

218

2023

275

2024

295

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$4,407	295	22.2M	20250903140044NAL0015253777001
2023	$3,650	275	16.6M	20241011122846NAL0022737297001
2022	$3,304	218	10.9M	20231011135939NAL0020158339001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.7%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 840904970-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1992
Industry: Professional, scientific, and technical services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D

Current plan terms

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Filing ACK_ID20250903140044NAL0015253777001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗