401k Plan data: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN plan

WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 401k Plan overview

Plan Name	WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN
Plan identification number	003

WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
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

WESTERN RESERVE ENERGY CORP. has sponsored the creation of one or more 401k plans.

Company Name: WESTERN RESERVE ENERGY CORP.

Employer identification number (EIN): 341212025

NAIC Classification: 423700

Additional information about WESTERN RESERVE ENERGY CORP.

Jurisdiction of Incorporation: Ohio Secretary of State Business Services Division

Incorporation Date: 1977-02-15

Company Identification Number: 493611

Legal Registered Office Address: 30100 CHAGRIN BLVD SUITE 250
-
PEPPER PIKE
United States of America (USA)
44124

More information about WESTERN RESERVE ENERGY CORP.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2022-09-01
003 2021-09-01
003 2021-01-01
003 2020-01-01 SCOTT T. CAMPBELL 2021-09-22 SCOTT T. CAMPBELL 2021-09-22
003 2019-01-01 SCOTT T. CAMPBELL 2020-10-07 SCOTT T. CAMPBELL 2020-10-07
003 2018-01-01 SCOTT T. CAMPBELL 2019-10-25 SCOTT T. CAMPBELL 2019-10-25
003 2018-01-01 SCOTT T. CAMPBELL 2020-05-26 SCOTT T. CAMPBELL 2020-05-26

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2022-09-01
003	2021-09-01
003	2021-01-01
003	2020-01-01	SCOTT T. CAMPBELL	2021-09-22	SCOTT T. CAMPBELL	2021-09-22
003	2019-01-01	SCOTT T. CAMPBELL	2020-10-07	SCOTT T. CAMPBELL	2020-10-07
003	2018-01-01	SCOTT T. CAMPBELL	2019-10-25	SCOTT T. CAMPBELL	2019-10-25
003	2018-01-01	SCOTT T. CAMPBELL	2020-05-26	SCOTT T. CAMPBELL	2020-05-26

Plan Statistics for WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN

401k plan membership statisitcs for WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN

Measure Date Value
2025: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year 2025-06-10 5
Total number of particpants at end of year 2025-06-10 6
2023: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets 2023-08-31 882,963
Acturial value of plan assets 2023-08-31 882,963
Funding target for retired participants and beneficiaries receiving payment 2023-08-31 0
Number of terminated vested participants 2023-08-31 1
Fundng target for terminated vested participants 2023-08-31 1,825
Active participant vested funding target 2023-08-31 819,523
Number of active participants 2023-08-31 4
Total funding liabilities for active participants 2023-08-31 819,523
Total participant count 2023-08-31 5
Total funding target for all participants 2023-08-31 821,348
Balance at beginning of prior year after applicable adjustments 2023-08-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-08-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2023-08-31 0
Prefunding balanced used to offset prior years funding requirement 2023-08-31 0
Amount remaining of carryover balance 2023-08-31 0
Amount remaining of prefunding balance 2023-08-31 0
Present value of excess contributions 2023-08-31 955
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-08-31 955
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-08-31 0
Reductions in caryover balances due to elections or deemed elections 2023-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-08-31 0
Balance of carryovers at beginning of current year 2023-08-31 0
Balance of prefunding at beginning of current year 2023-08-31 0
Total employer contributions 2023-08-31 164,719
Total employee contributions 2023-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-08-31 159,874
Unpaid minimum required contributions for all prior years 2023-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-08-31 0
Remaining amount of unpaid minimum required contributions 2023-08-31 0
Minimum required contributions for current year target normal cost 2023-08-31 219,929
Net shortfall amortization installment of oustanding balance 2023-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-08-31 158,314
Additional cash requirement 2023-08-31 158,314
Contributions allocatedtoward minimum required contributions for current year 2023-08-31 159,874
Unpaid minimum required contributions for current year 2023-08-31 0
Unpaid minimum required contributions for all years 2023-08-31 0
2022: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets 2022-08-31 677,853
Acturial value of plan assets 2022-08-31 677,853
Funding target for retired participants and beneficiaries receiving payment 2022-08-31 0
Number of terminated vested participants 2022-08-31 1
Fundng target for terminated vested participants 2022-08-31 2,028
Active participant vested funding target 2022-08-31 635,420
Number of active participants 2022-08-31 4
Total funding liabilities for active participants 2022-08-31 635,420
Total participant count 2022-08-31 5
Total funding target for all participants 2022-08-31 637,448
Balance at beginning of prior year after applicable adjustments 2022-08-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-08-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2022-08-31 0
Prefunding balanced used to offset prior years funding requirement 2022-08-31 0
Amount remaining of carryover balance 2022-08-31 0
Amount remaining of prefunding balance 2022-08-31 0
Present value of excess contributions 2022-08-31 110,792
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-08-31 110,792
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-08-31 0
Reductions in caryover balances due to elections or deemed elections 2022-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-08-31 0
Balance of carryovers at beginning of current year 2022-08-31 0
Balance of prefunding at beginning of current year 2022-08-31 0
Total employer contributions 2022-08-31 170,672
Total employee contributions 2022-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-08-31 164,913
Unpaid minimum required contributions for all prior years 2022-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-08-31 0
Remaining amount of unpaid minimum required contributions 2022-08-31 0
Minimum required contributions for current year target normal cost 2022-08-31 204,363
Net shortfall amortization installment of oustanding balance 2022-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-08-31 163,958
Additional cash requirement 2022-08-31 163,958
Contributions allocatedtoward minimum required contributions for current year 2022-08-31 164,913
Unpaid minimum required contributions for current year 2022-08-31 0
Unpaid minimum required contributions for all years 2022-08-31 0
Total number of particpants at beginning of year 2022-07-08 4
Total number of particpants at end of year 2022-07-08 5
2021: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets 2021-08-31 615,792
Acturial value of plan assets 2021-08-31 615,792
Funding target for retired participants and beneficiaries receiving payment 2021-08-31 0
Number of terminated vested participants 2021-08-31 1
Fundng target for terminated vested participants 2021-08-31 1,931
Active participant vested funding target 2021-08-31 471,356
Number of active participants 2021-08-31 4
Total funding liabilities for active participants 2021-08-31 471,356
Total participant count 2021-08-31 5
Total funding target for all participants 2021-08-31 473,287
Balance at beginning of prior year after applicable adjustments 2021-08-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-08-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2021-08-31 0
Prefunding balanced used to offset prior years funding requirement 2021-08-31 0
Amount remaining of carryover balance 2021-08-31 0
Amount remaining of prefunding balance 2021-08-31 0
Present value of excess contributions 2021-08-31 73,736
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-08-31 73,736
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-08-31 0
Reductions in caryover balances due to elections or deemed elections 2021-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-08-31 0
Balance of carryovers at beginning of current year 2021-08-31 0
Balance of prefunding at beginning of current year 2021-08-31 0
Total employer contributions 2021-08-31 153,352
Total employee contributions 2021-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-08-31 148,043
Unpaid minimum required contributions for all prior years 2021-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-08-31 0
Remaining amount of unpaid minimum required contributions 2021-08-31 0
Minimum required contributions for current year target normal cost 2021-08-31 179,756
Net shortfall amortization installment of oustanding balance 2021-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-08-31 37,251
Additional cash requirement 2021-08-31 37,251
Contributions allocatedtoward minimum required contributions for current year 2021-08-31 148,043
Unpaid minimum required contributions for current year 2021-08-31 0
Unpaid minimum required contributions for all years 2021-08-31 0
2020: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets 2020-12-31 406,072
Acturial value of plan assets 2020-12-31 406,072
Funding target for retired participants and beneficiaries receiving payment 2020-12-31 0
Number of terminated vested participants 2020-12-31 1
Fundng target for terminated vested participants 2020-12-31 1,700
Active participant vested funding target 2020-12-31 306,452
Number of active participants 2020-12-31 3
Total funding liabilities for active participants 2020-12-31 306,452
Total participant count 2020-12-31 4
Total funding target for all participants 2020-12-31 308,152
Balance at beginning of prior year after applicable adjustments 2020-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2020-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-12-31 0
Prefunding balanced used to offset prior years funding requirement 2020-12-31 0
Amount remaining of carryover balance 2020-12-31 0
Amount remaining of prefunding balance 2020-12-31 0
Present value of excess contributions 2020-12-31 28,810
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-12-31 28,810
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-12-31 0
Reductions in caryover balances due to elections or deemed elections 2020-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-12-31 0
Balance of carryovers at beginning of current year 2020-12-31 0
Balance of prefunding at beginning of current year 2020-12-31 0
Total employer contributions 2020-12-31 153,866
Total employee contributions 2020-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-12-31 151,657
Unpaid minimum required contributions for all prior years 2020-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-12-31 0
Remaining amount of unpaid minimum required contributions 2020-12-31 0
Minimum required contributions for current year target normal cost 2020-12-31 175,841
Net shortfall amortization installment of oustanding balance 2020-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-12-31 77,921
Additional cash requirement 2020-12-31 77,921
Contributions allocatedtoward minimum required contributions for current year 2020-12-31 151,657
Unpaid minimum required contributions for current year 2020-12-31 0
Unpaid minimum required contributions for all years 2020-12-31 0
Total participants, beginning-of-year 2020-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 3
Number of retired or separated participants receiving benefits 2020-01-01 1
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets 2019-12-31 166,055
Acturial value of plan assets 2019-12-31 166,055
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 0
Number of terminated vested participants 2019-12-31 0
Fundng target for terminated vested participants 2019-12-31 0
Active participant vested funding target 2019-12-31 154,674
Number of active participants 2019-12-31 4
Total funding liabilities for active participants 2019-12-31 156,345
Total participant count 2019-12-31 4
Total funding target for all participants 2019-12-31 156,345
Balance at beginning of prior year after applicable adjustments 2019-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 0
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 591
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 591
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 0
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 183,435
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 178,066
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 158,966
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 149,256
Additional cash requirement 2019-12-31 149,256
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 178,066
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
Total participants, beginning-of-year 2019-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 4
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 0
Total of all active and inactive participants 2019-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets 2018-12-31 0
Acturial value of plan assets 2018-12-31 0
Funding target for retired participants and beneficiaries receiving payment 2018-12-31 0
Number of terminated vested participants 2018-12-31 0
Fundng target for terminated vested participants 2018-12-31 0
Active participant vested funding target 2018-12-31 0
Number of active participants 2018-12-31 4
Total funding liabilities for active participants 2018-12-31 0
Total participant count 2018-12-31 4
Total funding target for all participants 2018-12-31 0
Balance at beginning of prior year after applicable adjustments 2018-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2018-12-31 0
Prefunding balanced used to offset prior years funding requirement 2018-12-31 0
Amount remaining of carryover balance 2018-12-31 0
Amount remaining of prefunding balance 2018-12-31 0
Present value of excess contributions 2018-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-12-31 0
Reductions in caryover balances due to elections or deemed elections 2018-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-12-31 0
Balance of carryovers at beginning of current year 2018-12-31 0
Balance of prefunding at beginning of current year 2018-12-31 0
Total employer contributions 2018-12-31 154,169
Total employee contributions 2018-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-12-31 151,037
Unpaid minimum required contributions for all prior years 2018-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-12-31 0
Remaining amount of unpaid minimum required contributions 2018-12-31 0
Minimum required contributions for current year target normal cost 2018-12-31 150,446
Net shortfall amortization installment of oustanding balance 2018-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-12-31 150,446
Additional cash requirement 2018-12-31 150,446
Contributions allocatedtoward minimum required contributions for current year 2018-12-31 151,037
Unpaid minimum required contributions for current year 2018-12-31 0
Unpaid minimum required contributions for all years 2018-12-31 0
Total participants, beginning-of-year 2018-01-01 4
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 4
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 0
Total of all active and inactive participants 2018-01-01 4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2025: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2025 401k membership
Total number of particpants at beginning of year	2025-06-10	5
Total number of particpants at end of year	2025-06-10	6
2023: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2023 401k membership
Market value of plan assets	2023-08-31	882,963
Acturial value of plan assets	2023-08-31	882,963
Funding target for retired participants and beneficiaries receiving payment	2023-08-31	0
Number of terminated vested participants	2023-08-31	1
Fundng target for terminated vested participants	2023-08-31	1,825
Active participant vested funding target	2023-08-31	819,523
Number of active participants	2023-08-31	4
Total funding liabilities for active participants	2023-08-31	819,523
Total participant count	2023-08-31	5
Total funding target for all participants	2023-08-31	821,348
Balance at beginning of prior year after applicable adjustments	2023-08-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-08-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2023-08-31	0
Prefunding balanced used to offset prior years funding requirement	2023-08-31	0
Amount remaining of carryover balance	2023-08-31	0
Amount remaining of prefunding balance	2023-08-31	0
Present value of excess contributions	2023-08-31	955
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-08-31	955
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-08-31	0
Reductions in caryover balances due to elections or deemed elections	2023-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-08-31	0
Balance of carryovers at beginning of current year	2023-08-31	0
Balance of prefunding at beginning of current year	2023-08-31	0
Total employer contributions	2023-08-31	164,719
Total employee contributions	2023-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-08-31	159,874
Unpaid minimum required contributions for all prior years	2023-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-08-31	0
Remaining amount of unpaid minimum required contributions	2023-08-31	0
Minimum required contributions for current year target normal cost	2023-08-31	219,929
Net shortfall amortization installment of oustanding balance	2023-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-08-31	158,314
Additional cash requirement	2023-08-31	158,314
Contributions allocatedtoward minimum required contributions for current year	2023-08-31	159,874
Unpaid minimum required contributions for current year	2023-08-31	0
Unpaid minimum required contributions for all years	2023-08-31	0
2022: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2022 401k membership
Market value of plan assets	2022-08-31	677,853
Acturial value of plan assets	2022-08-31	677,853
Funding target for retired participants and beneficiaries receiving payment	2022-08-31	0
Number of terminated vested participants	2022-08-31	1
Fundng target for terminated vested participants	2022-08-31	2,028
Active participant vested funding target	2022-08-31	635,420
Number of active participants	2022-08-31	4
Total funding liabilities for active participants	2022-08-31	635,420
Total participant count	2022-08-31	5
Total funding target for all participants	2022-08-31	637,448
Balance at beginning of prior year after applicable adjustments	2022-08-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-08-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2022-08-31	0
Prefunding balanced used to offset prior years funding requirement	2022-08-31	0
Amount remaining of carryover balance	2022-08-31	0
Amount remaining of prefunding balance	2022-08-31	0
Present value of excess contributions	2022-08-31	110,792
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-08-31	110,792
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-08-31	0
Reductions in caryover balances due to elections or deemed elections	2022-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-08-31	0
Balance of carryovers at beginning of current year	2022-08-31	0
Balance of prefunding at beginning of current year	2022-08-31	0
Total employer contributions	2022-08-31	170,672
Total employee contributions	2022-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-08-31	164,913
Unpaid minimum required contributions for all prior years	2022-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-08-31	0
Remaining amount of unpaid minimum required contributions	2022-08-31	0
Minimum required contributions for current year target normal cost	2022-08-31	204,363
Net shortfall amortization installment of oustanding balance	2022-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-08-31	163,958
Additional cash requirement	2022-08-31	163,958
Contributions allocatedtoward minimum required contributions for current year	2022-08-31	164,913
Unpaid minimum required contributions for current year	2022-08-31	0
Unpaid minimum required contributions for all years	2022-08-31	0
Total number of particpants at beginning of year	2022-07-08	4
Total number of particpants at end of year	2022-07-08	5
2021: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2021 401k membership
Market value of plan assets	2021-08-31	615,792
Acturial value of plan assets	2021-08-31	615,792
Funding target for retired participants and beneficiaries receiving payment	2021-08-31	0
Number of terminated vested participants	2021-08-31	1
Fundng target for terminated vested participants	2021-08-31	1,931
Active participant vested funding target	2021-08-31	471,356
Number of active participants	2021-08-31	4
Total funding liabilities for active participants	2021-08-31	471,356
Total participant count	2021-08-31	5
Total funding target for all participants	2021-08-31	473,287
Balance at beginning of prior year after applicable adjustments	2021-08-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-08-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2021-08-31	0
Prefunding balanced used to offset prior years funding requirement	2021-08-31	0
Amount remaining of carryover balance	2021-08-31	0
Amount remaining of prefunding balance	2021-08-31	0
Present value of excess contributions	2021-08-31	73,736
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-08-31	73,736
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-08-31	0
Reductions in caryover balances due to elections or deemed elections	2021-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-08-31	0
Balance of carryovers at beginning of current year	2021-08-31	0
Balance of prefunding at beginning of current year	2021-08-31	0
Total employer contributions	2021-08-31	153,352
Total employee contributions	2021-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-08-31	148,043
Unpaid minimum required contributions for all prior years	2021-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-08-31	0
Remaining amount of unpaid minimum required contributions	2021-08-31	0
Minimum required contributions for current year target normal cost	2021-08-31	179,756
Net shortfall amortization installment of oustanding balance	2021-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-08-31	37,251
Additional cash requirement	2021-08-31	37,251
Contributions allocatedtoward minimum required contributions for current year	2021-08-31	148,043
Unpaid minimum required contributions for current year	2021-08-31	0
Unpaid minimum required contributions for all years	2021-08-31	0
2020: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2020 401k membership
Market value of plan assets	2020-12-31	406,072
Acturial value of plan assets	2020-12-31	406,072
Funding target for retired participants and beneficiaries receiving payment	2020-12-31	0
Number of terminated vested participants	2020-12-31	1
Fundng target for terminated vested participants	2020-12-31	1,700
Active participant vested funding target	2020-12-31	306,452
Number of active participants	2020-12-31	3
Total funding liabilities for active participants	2020-12-31	306,452
Total participant count	2020-12-31	4
Total funding target for all participants	2020-12-31	308,152
Balance at beginning of prior year after applicable adjustments	2020-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2020-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-12-31	0
Prefunding balanced used to offset prior years funding requirement	2020-12-31	0
Amount remaining of carryover balance	2020-12-31	0
Amount remaining of prefunding balance	2020-12-31	0
Present value of excess contributions	2020-12-31	28,810
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-12-31	28,810
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-12-31	0
Reductions in caryover balances due to elections or deemed elections	2020-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-12-31	0
Balance of carryovers at beginning of current year	2020-12-31	0
Balance of prefunding at beginning of current year	2020-12-31	0
Total employer contributions	2020-12-31	153,866
Total employee contributions	2020-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-12-31	151,657
Unpaid minimum required contributions for all prior years	2020-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-12-31	0
Remaining amount of unpaid minimum required contributions	2020-12-31	0
Minimum required contributions for current year target normal cost	2020-12-31	175,841
Net shortfall amortization installment of oustanding balance	2020-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-12-31	77,921
Additional cash requirement	2020-12-31	77,921
Contributions allocatedtoward minimum required contributions for current year	2020-12-31	151,657
Unpaid minimum required contributions for current year	2020-12-31	0
Unpaid minimum required contributions for all years	2020-12-31	0
Total participants, beginning-of-year	2020-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	3
Number of retired or separated participants receiving benefits	2020-01-01	1
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2019 401k membership
Market value of plan assets	2019-12-31	166,055
Acturial value of plan assets	2019-12-31	166,055
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	0
Number of terminated vested participants	2019-12-31	0
Fundng target for terminated vested participants	2019-12-31	0
Active participant vested funding target	2019-12-31	154,674
Number of active participants	2019-12-31	4
Total funding liabilities for active participants	2019-12-31	156,345
Total participant count	2019-12-31	4
Total funding target for all participants	2019-12-31	156,345
Balance at beginning of prior year after applicable adjustments	2019-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	0
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	591
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	591
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	0
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	183,435
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	178,066
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	158,966
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	149,256
Additional cash requirement	2019-12-31	149,256
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	178,066
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	4
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	0
Total of all active and inactive participants	2019-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2018 401k membership
Market value of plan assets	2018-12-31	0
Acturial value of plan assets	2018-12-31	0
Funding target for retired participants and beneficiaries receiving payment	2018-12-31	0
Number of terminated vested participants	2018-12-31	0
Fundng target for terminated vested participants	2018-12-31	0
Active participant vested funding target	2018-12-31	0
Number of active participants	2018-12-31	4
Total funding liabilities for active participants	2018-12-31	0
Total participant count	2018-12-31	4
Total funding target for all participants	2018-12-31	0
Balance at beginning of prior year after applicable adjustments	2018-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2018-12-31	0
Prefunding balanced used to offset prior years funding requirement	2018-12-31	0
Amount remaining of carryover balance	2018-12-31	0
Amount remaining of prefunding balance	2018-12-31	0
Present value of excess contributions	2018-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-12-31	0
Reductions in caryover balances due to elections or deemed elections	2018-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-12-31	0
Balance of carryovers at beginning of current year	2018-12-31	0
Balance of prefunding at beginning of current year	2018-12-31	0
Total employer contributions	2018-12-31	154,169
Total employee contributions	2018-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-12-31	151,037
Unpaid minimum required contributions for all prior years	2018-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-12-31	0
Remaining amount of unpaid minimum required contributions	2018-12-31	0
Minimum required contributions for current year target normal cost	2018-12-31	150,446
Net shortfall amortization installment of oustanding balance	2018-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-12-31	150,446
Additional cash requirement	2018-12-31	150,446
Contributions allocatedtoward minimum required contributions for current year	2018-12-31	151,037
Unpaid minimum required contributions for current year	2018-12-31	0
Unpaid minimum required contributions for all years	2018-12-31	0
Total participants, beginning-of-year	2018-01-01	4
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	4
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	0
Total of all active and inactive participants	2018-01-01	4
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	4
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN

Measure	Date	Value
2025 : WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2025 401k financial data
Total liabilities as of the end of the plan year	2025-06-10	0
Total liabilities as of the beginning of the plan year	2025-06-10	0
Total expenses incurred by plan in this plan year	2025-06-10	2190
Net assets as of the end of the plan year	2025-06-10	1314699
Total assets as of the beginning of the plan year	2025-06-10	1047682
Value of plan covered by a fidelity bond	2025-06-10	50000
Other income to plan in this plan year	2025-06-10	105275
Plan net income in this plan year	2025-06-10	267017
Net assets as of the end of the plan year	2025-06-10	1314699
Net assets as of the beginning of the plan year	2025-06-10	1047682
Employer contributions to plan in this plan year	2025-06-10	163932
2022 : WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-07-08	0
Total liabilities as of the end of the plan year	2022-07-08	0
Total liabilities as of the beginning of the plan year	2022-07-08	0
Total expenses incurred by plan in this plan year	2022-07-08	0
Net assets as of the end of the plan year	2022-07-08	769144
Total assets as of the beginning of the plan year	2022-07-08	559937
Value of plan covered by a fidelity bond	2022-07-08	60000
Participant contributions to plan in this plan year	2022-07-08	0
Other expenses paid from plan in this plan year	2022-07-08	0
Other contributions to plan in this plan year	2022-07-08	0
Other income to plan in this plan year	2022-07-08	55855
Plan net income in this plan year	2022-07-08	209207
Net assets as of the end of the plan year	2022-07-08	769144
Net assets as of the beginning of the plan year	2022-07-08	559937
Employer contributions to plan in this plan year	2022-07-08	153352
Expensese paid to adminstrative service provicers from plan in this plan year	2022-07-08	0
2020 : WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2020 401k financial data
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$212,457
Expenses. Total of all expenses incurred	2020-12-31	$2,010
Total plan assets at end of year	2020-12-31	$559,937
Total plan assets at beginning of year	2020-12-31	$349,490
Value of fidelity bond covering the plan	2020-12-31	$60,000
Other income received	2020-12-31	$58,591
Net income (gross income less expenses)	2020-12-31	$210,447
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$559,937
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$349,490
Total contributions received or receivable from employer(s)	2020-12-31	$153,866
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$2,010
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2019 401k financial data
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$195,900
Expenses. Total of all expenses incurred	2019-12-31	$579
Total plan assets at end of year	2019-12-31	$349,490
Total plan assets at beginning of year	2019-12-31	$154,169
Value of fidelity bond covering the plan	2019-12-31	$500,000
Expenses. Other expenses not covered elsewhere	2019-12-31	$579
Other income received	2019-12-31	$12,465
Net income (gross income less expenses)	2019-12-31	$195,321
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$349,490
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$154,169
Total contributions received or receivable from employer(s)	2019-12-31	$183,435
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2018 401k financial data
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$154,169
Total plan assets at end of year	2018-12-31	$154,169
Total plan assets at beginning of year	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$154,169
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$154,169
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$0
Total contributions received or receivable from employer(s)	2018-12-31	$154,169
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0

Form 5500 Responses for WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN

2020: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: WESTERN RESERVE ENERGY CORP. CASH BALANCE PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	First time form 5500 has been submitted	Yes
2018-01-01	Submission has been amended	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	WESTERN RESERVE ENERGY CORP.
Employer identification number (EIN):	341212025
NAIC Classification:	423700

Jurisdiction of Incorporation:	Ohio Secretary of State Business Services Division
Incorporation Date:	1977-02-15
Company Identification Number:	493611
Legal Registered Office Address:	30100 CHAGRIN BLVD SUITE 250 - PEPPER PIKE United States of America (USA) 44124