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401(K) PLAN 401k Plan overview

Plan Name401(K) PLAN
Plan identification number 001

401(K) PLAN Benefits

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

JLP ELECTRIC INC. has sponsored the creation of one or more 401k plans.

Company Name:JLP ELECTRIC INC.
Employer identification number (EIN):352092198
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BETH PHILLIPS2024-06-18 BETH PHILLIPS2024-06-18
0012022-01-01BETH PHILLIPS2023-05-04 BETH PHILLIPS2023-05-04
0012021-01-01BETH PHILLIPS2022-07-01 BETH PHILLIPS2022-07-01
0012020-09-01
0012020-01-01BETH PHILLIPS2021-05-04 BETH PHILLIPS2021-05-04

Plan Statistics for 401(K) PLAN

401k plan membership statisitcs for 401(K) PLAN

Measure Date Value
2025: 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-054
Total number of particpants at end of year2025-06-053
Number of Participants With Account Balances2025-06-053
2024: 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-185
Total number of particpants at end of year2024-06-184
Number of Participants With Account Balances2024-06-184
2022: 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-015
Total number of particpants at end of year2022-07-015
Number of Participants With Account Balances2022-07-015

Financial Data on 401(K) PLAN

Measure Date Value
2025 : 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-06-050
Net assets as of the end of the plan year2025-06-05144649
Total assets as of the beginning of the plan year2025-06-0590939
Value of plan covered by a fidelity bond2025-06-0510000
Participant contributions to plan in this plan year2025-06-0526913
Other contributions to plan in this plan year2025-06-0520287
Plan net income in this plan year2025-06-0553710
Net assets as of the end of the plan year2025-06-05144649
Net assets as of the beginning of the plan year2025-06-0590939
Employer contributions to plan in this plan year2025-06-056510
2024 : 401(K) PLAN 2024 401k financial data
Total liabilities as of the end of the plan year2024-06-180
Total liabilities as of the beginning of the plan year2024-06-180
Net assets as of the end of the plan year2024-06-1890939
Total assets as of the beginning of the plan year2024-06-1853894
Value of plan covered by a fidelity bond2024-06-1810000
Participant contributions to plan in this plan year2024-06-1829712
Plan net income in this plan year2024-06-1837045
Net assets as of the end of the plan year2024-06-1890939
Net assets as of the beginning of the plan year2024-06-1853894
Employer contributions to plan in this plan year2024-06-187333
2022 : 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-010
Total liabilities as of the end of the plan year2022-07-010
Total liabilities as of the beginning of the plan year2022-07-010
Total expenses incurred by plan in this plan year2022-07-010
Net assets as of the end of the plan year2022-07-0131849
Total assets as of the beginning of the plan year2022-07-0111379
Value of plan covered by a fidelity bond2022-07-0110000
Participant contributions to plan in this plan year2022-07-0114345
Other expenses paid from plan in this plan year2022-07-010
Other contributions to plan in this plan year2022-07-010
Other income to plan in this plan year2022-07-010
Plan net income in this plan year2022-07-0120467
Net assets as of the end of the plan year2022-07-0131849
Net assets as of the beginning of the plan year2022-07-0111379
Employer contributions to plan in this plan year2022-07-016122
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-010

Potentially related plans

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