401k Plan data: GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST plan

GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan Name	GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number	001

GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST Benefits

401k Plan Type

Defined 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

GLOBAL ELECTRONICS INC has sponsored the creation of one or more 401k plans.

Company Name: GLOBAL ELECTRONICS INC

Employer identification number (EIN): 233068824

NAIC Classification: 423600

Additional information about GLOBAL ELECTRONICS INC

Jurisdiction of Incorporation: COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE

Incorporation Date:

Company Identification Number: 2987670

More information about GLOBAL ELECTRONICS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01 MOHANNAD AZIZ 2024-09-17
001 2021-01-01 MOHANNAD AZIZ 2022-05-23
001 2020-01-01 MOHANNAD AZIZ 2021-09-24
001 2019-01-01 MOHANNAD AZIZ 2020-10-15
001 2018-01-01 MOHANNAD AZIZ 2019-05-28
001 2018-01-01 MOHANNAD AZIZ 2020-10-15

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
001	2022-01-01	MOHANNAD AZIZ	2024-09-17
001	2021-01-01	MOHANNAD AZIZ	2022-05-23
001	2020-01-01	MOHANNAD AZIZ	2021-09-24
001	2019-01-01	MOHANNAD AZIZ	2020-10-15
001	2018-01-01	MOHANNAD AZIZ	2019-05-28
001	2018-01-01	MOHANNAD AZIZ	2020-10-15

Financial Data on GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST

Measure	Date	Value
2022 : GLOBAL ELECTRONICS INC 401 K PROFIT SHARING PLAN TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-05-23	73
Net assets as of the end of the plan year	2022-05-23	21017
Total assets as of the beginning of the plan year	2022-05-23	12368
Value of plan covered by a fidelity bond	2022-05-23	2000
Participant contributions to plan in this plan year	2022-05-23	5465
Other income to plan in this plan year	2022-05-23	471
Plan net income in this plan year	2022-05-23	8649
Net assets as of the end of the plan year	2022-05-23	21017
Net assets as of the beginning of the plan year	2022-05-23	12368
Employer contributions to plan in this plan year	2022-05-23	2786
Expensese paid to adminstrative service provicers from plan in this plan year	2022-05-23	73

Potentially related plans

GLOBAL ELECTRONICS AZ LLC 401(K) PROFIT SHARING PLAN & TRUST [EIN = 823475661]

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Company Name:	GLOBAL ELECTRONICS INC
Employer identification number (EIN):	233068824
NAIC Classification:	423600

Jurisdiction of Incorporation:	COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF STATE
Incorporation Date:
Company Identification Number:	2987670