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SOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameSOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN
Plan identification number 002

SOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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).
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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

SOUTH SHORE ELECTRIC has sponsored the creation of one or more 401k plans.

Company Name:SOUTH SHORE ELECTRIC
Employer identification number (EIN):341432684
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01FREDA VERBURG2024-10-15
0022022-01-01FREDA VERBURG2023-10-17
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01KAY ZIELAZIENSKI2019-10-14
0022017-01-01KAY ZIELAZIENSKI2018-10-15
0022016-01-01KAY ZIELAZIENSKI2017-10-10
0022015-01-01KAY ZIELAZIENSKI2016-10-04
0022014-01-01PAUL ZIELAZIENSKI2015-10-13
0022013-01-01PAUL ZIELAZIENSKI2014-10-03
0022012-01-01PAUL ZIELAZIENSKI2013-07-23
0022011-01-01PAUL ZIELAZIENSKI2012-09-19
0022010-01-01PAUL ZIELAZIENSKI2011-07-11

Financial Data on SOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN

Measure Date Value
2025 : SOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-10-110
Total expenses incurred by plan in this plan year2025-10-119137
Net assets as of the end of the plan year2025-10-111227369
Total assets as of the beginning of the plan year2025-10-111103594
Value of plan covered by a fidelity bond2025-10-11180000
Participant contributions to plan in this plan year2025-10-110
Other expenses paid from plan in this plan year2025-10-110
Other contributions to plan in this plan year2025-10-110
Other income to plan in this plan year2025-10-11132912
Plan net income in this plan year2025-10-11123775
Net assets as of the end of the plan year2025-10-111227369
Net assets as of the beginning of the plan year2025-10-111103594
Employer contributions to plan in this plan year2025-10-110
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-119137
2024 : SOUTH SHORE ELECTRIC, INC. CASH BALANCE PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-10-150
Total liabilities as of the end of the plan year2024-10-150
Total liabilities as of the beginning of the plan year2024-10-150
Total expenses incurred by plan in this plan year2024-10-15467794
Net assets as of the end of the plan year2024-10-151103594
Total assets as of the beginning of the plan year2024-10-151133739
Value of plan covered by a fidelity bond2024-10-15180000
Participant contributions to plan in this plan year2024-10-150
Other expenses paid from plan in this plan year2024-10-150
Other contributions to plan in this plan year2024-10-150
Other income to plan in this plan year2024-10-15109063
Plan net income in this plan year2024-10-15-30145
Net assets as of the end of the plan year2024-10-151103594
Net assets as of the beginning of the plan year2024-10-151133739
Employer contributions to plan in this plan year2024-10-15328586
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-150

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