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NORTHERN INDIANA NECA PROFIT SHARING PLAN 401k Plan overview

Plan NameNORTHERN INDIANA NECA PROFIT SHARING PLAN
Plan identification number 001

NORTHERN INDIANA NECA 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.
  • 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION
Employer identification number (EIN):350846692
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHERN INDIANA NECA PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01JOHN ANSAY2023-08-28
0012021-01-01PEGGY LUSCO2022-02-24 PEGGY LUSCO2022-02-24
0012020-01-01PEGGY LUSCO2021-06-02 PEGGY LUSCO2021-06-02
0012019-01-01PEGGY LUSCO2020-03-04
0012018-01-01PEGGY LUSCO2019-02-19 PEGGY LUSCO2019-02-19
0012017-01-01PEGGY LUSCO2018-04-04 PEGGY LUSCO2018-04-04
0012016-01-01PEGGY LUSCO2017-04-05 PEGGY LUSCO2017-04-05
0012015-01-01PEGGY LUSCO2016-04-27 PEGGY LUSCO2016-04-27
0012014-01-01PEGGY LUSCO2015-06-24 PEGGY LUSCO2015-06-24
0012013-01-01BRIAN SULLIVAN2014-07-25 BRIAN SULLIVAN2014-07-25
0012012-01-01BRIAN SULLIVAN2013-07-25 BRIAN SULLIVAN2013-07-25
0012011-01-01BRIAN SULLIVAN2012-07-30 BRIAN SULLIVAN2012-07-30
0012010-01-01GWALLACE HOOK2011-07-29 GWALLACE HOOK2011-07-29
0012007-01-01 G WALLACE HOOK2010-06-29

Plan Statistics for NORTHERN INDIANA NECA PROFIT SHARING PLAN

401k plan membership statisitcs for NORTHERN INDIANA NECA PROFIT SHARING PLAN

Measure Date Value
2007: NORTHERN INDIANA NECA PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-013
Total number of active participants reported on line 7a of the Form 55002007-01-013
Total of all active and inactive participants2007-01-013
Total participants2007-01-013
Number of participants with account balances2007-01-013

Financial Data on NORTHERN INDIANA NECA PROFIT SHARING PLAN

Measure Date Value
2007 : NORTHERN INDIANA NECA PROFIT SHARING PLAN 2007 401k financial data
Total income from all sources2007-12-31$32,268
Total plan assets at end of year2007-12-31$432,635
Total plan assets at beginning of year2007-12-31$400,367
Value of fidelity bond covering the plan2007-12-31$40,000
Other income received2007-12-31$18,162
Net income (gross income less expenses)2007-12-31$32,268
Net plan assets at end of year (total assets less liabilities)2007-12-31$432,635
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$400,367
Total contributions received or receivable from employer(s)2007-12-31$14,106
2006 : NORTHERN INDIANA NECA PROFIT SHARING PLAN 2006 401k financial data
Total income from all sources2006-12-31$56,147
Expenses. Total of all expenses incurred2006-12-31$427
Total plan assets at end of year2006-12-31$400,367
Total plan assets at beginning of year2006-12-31$344,647
Value of fidelity bond covering the plan2006-12-31$40,000
Expenses. Other expenses not covered elsewhere2006-12-31$427
Other income received2006-12-31$42,446
Net income (gross income less expenses)2006-12-31$55,720
Net plan assets at end of year (total assets less liabilities)2006-12-31$400,367
Net plan assets at beginning of year (total assets less liabilities)2006-12-31$344,647
Total contributions received or receivable from employer(s)2006-12-31$13,701

Form 5500 Responses for NORTHERN INDIANA NECA PROFIT SHARING PLAN

2007: NORTHERN INDIANA NECA PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01First time form 5500 has been submittedYes
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan funding arrangement – TrustYes
2007-01-01Plan benefit arrangement – InsuranceYes
2007-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-41462
Policy instance 1
Insurance contract or identification number4-41462
Number of Individuals Covered3
Insurance policy start date2007-01-01
Insurance policy end date2007-12-31
Total amount of fees paid to insurance companyUSD $373
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees373
Additional information about fees paid to insurance brokerPRORATED INCENTIVE, NOT DEDUCTED FROM PLAN
Insurance broker organization code?3
Insurance broker nameT B S AGENCY INC
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-41462
Policy instance 1
Insurance contract or identification number4-41462
Number of Individuals Covered3
Insurance policy start date2006-01-01
Insurance policy end date2006-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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