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N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameN & S ELECTRIC, INC. 401K PROFIT SHARING PLAN
Plan identification number 001

N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN 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.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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

N & S ELECTRIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:N & S ELECTRIC, INC.
Employer identification number (EIN):060966148
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-08-01
0012021-08-01
0012020-08-01
0012019-08-01
0012018-08-01
0012017-08-01
0012016-08-01
0012015-08-01
0012014-08-01
0012013-08-01
0012012-08-01PHILIP NIZZARDO, JR2013-11-22
0012011-08-01PHILIP NIZZARDO, JR2012-11-27
0012010-08-01PHILIP NIZZARDO, JR2011-12-19

Plan Statistics for N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2025: N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-02-2431
Total number of particpants at end of year2025-02-2438
Number of Participants With Account Balances2025-02-2438
2023: N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN 2023 401k membership
Total number of particpants at beginning of year2023-02-0929
Total number of particpants at end of year2023-02-0929
Number of Participants With Account Balances2023-02-0929

Financial Data on N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2025 : N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-02-2484004
Net assets as of the end of the plan year2025-02-249903986
Total assets as of the beginning of the plan year2025-02-248411983
Value of plan covered by a fidelity bond2025-02-24500000
Participant contributions to plan in this plan year2025-02-24240531
Other contributions to plan in this plan year2025-02-240
Other income to plan in this plan year2025-02-241140540
Plan net income in this plan year2025-02-241492003
Net assets as of the end of the plan year2025-02-249903986
Net assets as of the beginning of the plan year2025-02-248411983
Employer contributions to plan in this plan year2025-02-24194936
Expensese paid to adminstrative service provicers from plan in this plan year2025-02-2416918
2023 : N & S ELECTRIC, INC. 401K PROFIT SHARING PLAN 2023 401k financial data
Total expenses incurred by plan in this plan year2023-02-092127261
Net assets as of the end of the plan year2023-02-097486616
Total assets as of the beginning of the plan year2023-02-099775115
Value of plan covered by a fidelity bond2023-02-09500000
Participant contributions to plan in this plan year2023-02-09183361
Other income to plan in this plan year2023-02-09-495311
Plan net income in this plan year2023-02-09-2288499
Net assets as of the end of the plan year2023-02-097486616
Net assets as of the beginning of the plan year2023-02-099775115
Value of contributions failed to transmitted timely2023-02-09135
Employer contributions to plan in this plan year2023-02-09150712
Expensese paid to adminstrative service provicers from plan in this plan year2023-02-0916834

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