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SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameSOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST
Plan identification number 001

SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

SOUTH SHORE GENERATOR SERVICE, INC. has sponsored the creation of one or more 401k plans.

Company Name:SOUTH SHORE GENERATOR SERVICE, INC.
Employer identification number (EIN):042915434
NAIC Classification:333310

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BERNADETTE BRAMAN2024-09-20
0012022-01-01BERNADETTE BRAMAN2023-05-26
0012021-01-01BERNADETTE BRAMAN2022-06-29
0012020-01-01BERNADETTE BRAMAN2021-07-12
0012018-01-01BERNADETTE BRAMAN2019-06-20
0012017-01-01BERNADETTE BRAMAN2018-06-14
0012016-01-01BERNADETTE BRAMAN2017-07-27
0012015-01-01BERNADETTE BRAMAN2016-07-26
0012014-01-01BERNADETTE BRAMAN2015-07-17
0012013-01-01BERNADETTE BRAMAN2014-07-07
0012012-01-01BERNADETTE BRAMAN2013-07-29
0012011-01-01LOIS B. CLARK2012-05-08
0012010-01-01LOIS B. CLARK2011-03-28

Plan Statistics for SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025: SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 2025 401k membership
Total number of particpants at beginning of year2025-07-0343
Total number of particpants at end of year2025-07-0348
Number of Participants With Account Balances2025-07-0345
2024: SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year2024-09-2037
Total number of particpants at end of year2024-09-2043
Number of Participants With Account Balances2024-09-2037
2022: SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 2022 401k membership
Total number of particpants at beginning of year2022-06-2935
Total number of particpants at end of year2022-06-2939
Number of Participants With Account Balances2022-06-2935

Financial Data on SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025 : SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-03149880
Net assets as of the end of the plan year2025-07-032983614
Total assets as of the beginning of the plan year2025-07-032455709
Value of plan covered by a fidelity bond2025-07-03385000
Participant contributions to plan in this plan year2025-07-03227251
Value of participant loans at end of plan year2025-07-0330395
Other contributions to plan in this plan year2025-07-0342344
Other income to plan in this plan year2025-07-03334757
Plan net income in this plan year2025-07-03527905
Net assets as of the end of the plan year2025-07-032983614
Net assets as of the beginning of the plan year2025-07-032455709
Employer contributions to plan in this plan year2025-07-0373433
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-0316053
2024 : SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-20334486
Net assets as of the end of the plan year2024-09-202455709
Total assets as of the beginning of the plan year2024-09-202125606
Value of plan covered by a fidelity bond2024-09-20385000
Participant contributions to plan in this plan year2024-09-20193681
Value of participant loans at end of plan year2024-09-2045482
Other income to plan in this plan year2024-09-20403414
Plan net income in this plan year2024-09-20330103
Net assets as of the end of the plan year2024-09-202455709
Net assets as of the beginning of the plan year2024-09-202125606
Employer contributions to plan in this plan year2024-09-2067494
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-2013903
2022 : SOUTH SHORE GENERATOR SERVICE, INC. PROFIT SHARING PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-2962372
Net assets as of the end of the plan year2022-06-293013187
Total assets as of the beginning of the plan year2022-06-292520868
Value of plan covered by a fidelity bond2022-06-29385000
Participant contributions to plan in this plan year2022-06-29142853
Value of participant loans at end of plan year2022-06-2951004
Other income to plan in this plan year2022-06-29356606
Plan net income in this plan year2022-06-29492319
Net assets as of the end of the plan year2022-06-293013187
Net assets as of the beginning of the plan year2022-06-292520868
Employer contributions to plan in this plan year2022-06-2955232
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-2916422

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