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GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameGLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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

GLOBE ELECTRIC COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBE ELECTRIC COMPANY, INC.
Employer identification number (EIN):251332182
NAIC Classification:423600

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DANIEL TROY2024-10-14
0012022-01-01DANIEL TROY2023-10-16
0012021-01-01DANIEL TROY2022-10-07
0012020-01-01DANIEL TROY2021-08-09
0012019-01-01WILLIAM CONNOR2020-10-12
0012018-01-01WILLIAM CONNOR2019-06-20
0012017-01-01WILLIAM CONNOR2018-07-18
0012016-01-01WILLIAM CONNOR2017-07-18
0012015-01-01WILLIAM CONNOR2016-07-26
0012014-01-01WILLIAM CONNOR2015-06-25
0012013-01-01WILLIAM CONNOR2014-10-14
0012012-01-01WILLIAM CONNOR2013-10-11
0012011-01-01WILLIAM CONNOR2012-10-11
0012010-01-01WILLIAM CONNOR2011-08-22

Plan Statistics for GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025: GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-2413
Total number of particpants at end of year2025-07-2413
Number of Participants With Account Balances2025-07-2413
2024: GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-1413
Total number of particpants at end of year2024-10-1413
Number of Participants With Account Balances2024-10-1413
2022: GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total number of particpants at beginning of year2022-10-0717
Total number of particpants at end of year2022-10-0714
Number of Participants With Account Balances2022-10-0714

Financial Data on GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-2415404
Net assets as of the end of the plan year2025-07-242067483
Total assets as of the beginning of the plan year2025-07-241853979
Value of plan covered by a fidelity bond2025-07-24325000
Participant contributions to plan in this plan year2025-07-2435970
Other income to plan in this plan year2025-07-24182688
Plan net income in this plan year2025-07-24213504
Net assets as of the end of the plan year2025-07-242067483
Net assets as of the beginning of the plan year2025-07-241853979
Employer contributions to plan in this plan year2025-07-2410250
2024 : GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data
Net assets as of the end of the plan year2024-10-141853979
Total assets as of the beginning of the plan year2024-10-141594195
Value of plan covered by a fidelity bond2024-10-14325000
Participant contributions to plan in this plan year2024-10-1433297
Other income to plan in this plan year2024-10-14217423
Plan net income in this plan year2024-10-14259784
Net assets as of the end of the plan year2024-10-141853979
Net assets as of the beginning of the plan year2024-10-141594195
Employer contributions to plan in this plan year2024-10-149064
2022 : GLOBE ELECTRIC COMPANY, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-071086936
Net assets as of the end of the plan year2022-10-072276332
Total assets as of the beginning of the plan year2022-10-073125908
Value of plan covered by a fidelity bond2022-10-07325000
Participant contributions to plan in this plan year2022-10-0731116
Other income to plan in this plan year2022-10-07196489
Plan net income in this plan year2022-10-07-849576
Net assets as of the end of the plan year2022-10-072276332
Net assets as of the beginning of the plan year2022-10-073125908
Employer contributions to plan in this plan year2022-10-079755

Potentially related plans

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