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GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST 401k Plan overview

Plan NameGLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST
Plan identification number 001

GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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 ELECTRONIC TECHNOLOGY, INC. has sponsored the creation of one or more 401k plans.

Company Name:GLOBAL ELECTRONIC TECHNOLOGY, INC.
Employer identification number (EIN):330912908
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation

Additional information about GLOBAL ELECTRONIC TECHNOLOGY, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1989-10-10
Company Identification Number: L22025
Legal Registered Office Address: 45 N.W. 188TH ST.

MIAMI

33169

More information about GLOBAL ELECTRONIC TECHNOLOGY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01YOLANDA P DIZON2024-07-19 YOLANDA P DIZON2024-07-19
0012022-01-01YOLANDA DIZON2023-06-30 YOLANDA DIZON2023-06-30
0012021-01-01LLEWELYN BANAL2022-07-20 LLEWELYN BANAL2022-07-20
0012020-01-01LLEWELYN BANAL2021-08-02
0012019-01-01LLEWELYN BANAL2020-09-20
0012018-01-01LLEWELYN BANAL2019-08-29
0012017-01-01LLEWELYN BANAL2018-10-04
0012016-01-01VICTOR MAROTTA2017-07-07
0012015-01-01DIANA VELOZ2016-07-29
0012014-01-01DIANA VELOZ2015-07-31
0012013-01-01JONATHAN HUCKABAY2014-10-08
0012012-01-01JONATHAN HUCKABAY2013-10-08
0012011-01-01BRIAN IINUMA2012-05-15
0012010-01-01BRIAN IINUMA2011-05-27

Financial Data on GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST

Measure Date Value
2025 : GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-08-27450018
Net assets as of the end of the plan year2025-08-271498375
Total assets as of the beginning of the plan year2025-08-271465557
Value of plan covered by a fidelity bond2025-08-27130000
Participant contributions to plan in this plan year2025-08-27278596
Other income to plan in this plan year2025-08-27196094
Plan net income in this plan year2025-08-2732818
Net assets as of the end of the plan year2025-08-271498375
Net assets as of the beginning of the plan year2025-08-271465557
Employer contributions to plan in this plan year2025-08-278146
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-274055
2024 : GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-1939877
Net assets as of the end of the plan year2024-07-191465557
Total assets as of the beginning of the plan year2024-07-191064035
Value of plan covered by a fidelity bond2024-07-19130000
Participant contributions to plan in this plan year2024-07-19242087
Other income to plan in this plan year2024-07-19192049
Plan net income in this plan year2024-07-19401522
Net assets as of the end of the plan year2024-07-191465557
Net assets as of the beginning of the plan year2024-07-191064035
Employer contributions to plan in this plan year2024-07-197263
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-193257
2022 : GLOBAL ELECTRONIC TECHNOLOGY, INC. EMPLOYEES SAVINGS TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-203351
Net assets as of the end of the plan year2022-07-201244761
Total assets as of the beginning of the plan year2022-07-20782482
Value of plan covered by a fidelity bond2022-07-2060000
Participant contributions to plan in this plan year2022-07-20213345
Value of participant loans at end of plan year2022-07-208408
Other contributions to plan in this plan year2022-07-2092675
Other income to plan in this plan year2022-07-20154771
Plan net income in this plan year2022-07-20462279
Net assets as of the end of the plan year2022-07-201244761
Net assets as of the beginning of the plan year2022-07-20782482
Employer contributions to plan in this plan year2022-07-204839
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-202656

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