401k Plan data: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN plan

INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 401k Plan overview

Plan Name	INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN
Plan identification number	001

INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
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

INDUSTRIAL ELECTRIC COMPANY OF DETROIT has sponsored the creation of one or more 401k plans.

Company Name: INDUSTRIAL ELECTRIC COMPANY OF DETROIT

Employer identification number (EIN): 381808959

NAIC Classification: 238210
NAIC Description: Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-08-01
001 2022-08-01
001 2022-08-01
001 2021-08-01
001 2021-08-01
001 2020-08-01
001 2017-08-01
001 2010-08-01 WILLIAM M. DARISH 2011-09-30 WILLIAM M. DARISH 2011-09-30

Plan Statistics for INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN

401k plan membership statisitcs for INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN

Measure Date Value
2024: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-09-17 9
Total number of particpants at end of year 2024-09-17 9
2023: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets 2023-07-31 4,695,099
Acturial value of plan assets 2023-07-31 4,695,099
Funding target for retired participants and beneficiaries receiving payment 2023-07-31 0
Number of terminated vested participants 2023-07-31 0
Fundng target for terminated vested participants 2023-07-31 0
Active participant vested funding target 2023-07-31 3,584,880
Number of active participants 2023-07-31 7
Total funding liabilities for active participants 2023-07-31 3,641,099
Total participant count 2023-07-31 7
Total funding target for all participants 2023-07-31 3,641,099
Balance at beginning of prior year after applicable adjustments 2023-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2023-07-31 965,513
Carryover balanced portion elected for use to offset prior years funding requirement 2023-07-31 0
Prefunding balanced used to offset prior years funding requirement 2023-07-31 0
Amount remaining of carryover balance 2023-07-31 0
Amount remaining of prefunding balance 2023-07-31 965,513
Present value of excess contributions 2023-07-31 395,587
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2023-07-31 415,406
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2023-07-31 415,406
Reductions in caryover balances due to elections or deemed elections 2023-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2023-07-31 0
Balance of carryovers at beginning of current year 2023-07-31 0
Balance of prefunding at beginning of current year 2023-07-31 1,408,726
Total employer contributions 2023-07-31 870,000
Total employee contributions 2023-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2023-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2023-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2023-07-31 849,276
Unpaid minimum required contributions for all prior years 2023-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2023-07-31 0
Remaining amount of unpaid minimum required contributions 2023-07-31 0
Minimum required contributions for current year target normal cost 2023-07-31 533,880
Net shortfall amortization installment of oustanding balance 2023-07-31 0
Waiver amortization installment 2023-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2023-07-31 533,880
Carryover balance elected to use to offset funding requirement 2023-07-31 0
Prefunding balance elected to use to offset funding requirement 2023-07-31 0
Additional cash requirement 2023-07-31 533,880
Contributions allocatedtoward minimum required contributions for current year 2023-07-31 849,276
Unpaid minimum required contributions for current year 2023-07-31 0
Unpaid minimum required contributions for all years 2023-07-31 0
2022: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets 2022-07-31 5,727,745
Acturial value of plan assets 2022-07-31 5,727,745
Funding target for retired participants and beneficiaries receiving payment 2022-07-31 0
Number of terminated vested participants 2022-07-31 0
Fundng target for terminated vested participants 2022-07-31 0
Active participant vested funding target 2022-07-31 4,367,383
Number of active participants 2022-07-31 7
Total funding liabilities for active participants 2022-07-31 4,419,382
Total participant count 2022-07-31 7
Total funding target for all participants 2022-07-31 4,419,382
Balance at beginning of prior year after applicable adjustments 2022-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-07-31 547,959
Carryover balanced portion elected for use to offset prior years funding requirement 2022-07-31 0
Prefunding balanced used to offset prior years funding requirement 2022-07-31 0
Amount remaining of carryover balance 2022-07-31 0
Amount remaining of prefunding balance 2022-07-31 547,959
Present value of excess contributions 2022-07-31 363,454
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-07-31 381,772
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-07-31 381,772
Reductions in caryover balances due to elections or deemed elections 2022-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-07-31 0
Balance of carryovers at beginning of current year 2022-07-31 0
Balance of prefunding at beginning of current year 2022-07-31 965,513
Total employer contributions 2022-07-31 650,000
Total employee contributions 2022-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-07-31 620,611
Unpaid minimum required contributions for all prior years 2022-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-07-31 0
Remaining amount of unpaid minimum required contributions 2022-07-31 0
Minimum required contributions for current year target normal cost 2022-07-31 567,874
Net shortfall amortization installment of oustanding balance 2022-07-31 0
Waiver amortization installment 2022-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-07-31 225,024
Additional cash requirement 2022-07-31 225,024
Contributions allocatedtoward minimum required contributions for current year 2022-07-31 620,611
Unpaid minimum required contributions for current year 2022-07-31 0
Unpaid minimum required contributions for all years 2022-07-31 0
2021: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets 2021-07-31 5,376,473
Acturial value of plan assets 2021-07-31 5,376,473
Funding target for retired participants and beneficiaries receiving payment 2021-07-31 0
Number of terminated vested participants 2021-07-31 1
Fundng target for terminated vested participants 2021-07-31 196,935
Active participant vested funding target 2021-07-31 4,410,577
Number of active participants 2021-07-31 7
Total funding liabilities for active participants 2021-07-31 4,441,428
Total participant count 2021-07-31 8
Total funding target for all participants 2021-07-31 4,638,363
Balance at beginning of prior year after applicable adjustments 2021-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-07-31 605,130
Carryover balanced portion elected for use to offset prior years funding requirement 2021-07-31 0
Prefunding balanced used to offset prior years funding requirement 2021-07-31 567,509
Amount remaining of carryover balance 2021-07-31 0
Amount remaining of prefunding balance 2021-07-31 37,621
Present value of excess contributions 2021-07-31 476,798
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-07-31 507,885
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-07-31 507,885
Reductions in caryover balances due to elections or deemed elections 2021-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-07-31 0
Balance of carryovers at beginning of current year 2021-07-31 0
Balance of prefunding at beginning of current year 2021-07-31 547,959
Total employer contributions 2021-07-31 637,500
Total employee contributions 2021-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-07-31 622,544
Unpaid minimum required contributions for all prior years 2021-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-07-31 0
Remaining amount of unpaid minimum required contributions 2021-07-31 0
Minimum required contributions for current year target normal cost 2021-07-31 485,039
Net shortfall amortization installment of oustanding balance 2021-07-31 0
Waiver amortization installment 2021-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-07-31 294,888
Carryover balance elected to use to offset funding requirement 2021-07-31 0
Prefunding balance elected to use to offset funding requirement 2021-07-31 0
Additional cash requirement 2021-07-31 294,888
Contributions allocatedtoward minimum required contributions for current year 2021-07-31 622,544
Unpaid minimum required contributions for current year 2021-07-31 0
Unpaid minimum required contributions for all years 2021-07-31 0
2019: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets 2019-07-31 6,135,107
Acturial value of plan assets 2019-07-31 6,128,486
Funding target for retired participants and beneficiaries receiving payment 2019-07-31 0
Number of terminated vested participants 2019-07-31 0
Fundng target for terminated vested participants 2019-07-31 0
Active participant vested funding target 2019-07-31 5,356,894
Number of active participants 2019-07-31 7
Total funding liabilities for active participants 2019-07-31 5,529,339
Total participant count 2019-07-31 7
Total funding target for all participants 2019-07-31 5,529,339
Balance at beginning of prior year after applicable adjustments 2019-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2019-07-31 597,665
Carryover balanced portion elected for use to offset prior years funding requirement 2019-07-31 0
Prefunding balanced used to offset prior years funding requirement 2019-07-31 0
Amount remaining of carryover balance 2019-07-31 0
Amount remaining of prefunding balance 2019-07-31 597,665
Present value of excess contributions 2019-07-31 47,473
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-07-31 49,875
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-07-31 49,875
Reductions in caryover balances due to elections or deemed elections 2019-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-07-31 0
Balance of carryovers at beginning of current year 2019-07-31 0
Balance of prefunding at beginning of current year 2019-07-31 685,073
Total employer contributions 2019-07-31 525,000
Total employee contributions 2019-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-07-31 511,632
Unpaid minimum required contributions for all prior years 2019-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-07-31 0
Remaining amount of unpaid minimum required contributions 2019-07-31 0
Minimum required contributions for current year target normal cost 2019-07-31 573,528
Net shortfall amortization installment of oustanding balance 2019-07-31 85,926
Waiver amortization installment 2019-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-07-31 587,555
Carryover balance elected to use to offset funding requirement 2019-07-31 0
Prefunding balance elected to use to offset funding requirement 2019-07-31 587,555
Additional cash requirement 2019-07-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-07-31 511,632
Unpaid minimum required contributions for current year 2019-07-31 0
Unpaid minimum required contributions for all years 2019-07-31 0
2018: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets 2018-07-31 5,405,887
Acturial value of plan assets 2018-07-31 5,405,693
Funding target for retired participants and beneficiaries receiving payment 2018-07-31 0
Number of terminated vested participants 2018-07-31 0
Fundng target for terminated vested participants 2018-07-31 0
Active participant vested funding target 2018-07-31 4,538,310
Number of active participants 2018-07-31 7
Total funding liabilities for active participants 2018-07-31 4,683,803
Total participant count 2018-07-31 7
Total funding target for all participants 2018-07-31 4,683,803
Balance at beginning of prior year after applicable adjustments 2018-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2018-07-31 1,051,402
Carryover balanced portion elected for use to offset prior years funding requirement 2018-07-31 0
Prefunding balanced used to offset prior years funding requirement 2018-07-31 493,983
Amount remaining of carryover balance 2018-07-31 0
Amount remaining of prefunding balance 2018-07-31 557,419
Present value of excess contributions 2018-07-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-07-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-07-31 0
Reductions in caryover balances due to elections or deemed elections 2018-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-07-31 0
Balance of carryovers at beginning of current year 2018-07-31 0
Balance of prefunding at beginning of current year 2018-07-31 597,665
Total employer contributions 2018-07-31 450,000
Total employee contributions 2018-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-07-31 426,633
Liquidity shortfalls end of Q1 2018-07-31 0
Liquidity shortfalls end of Q2 2018-07-31 0
Liquidity shortfalls end of Q3 2018-07-31 0
Liquidity shortfalls end of Q4 2018-07-31 0
Unpaid minimum required contributions for all prior years 2018-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-07-31 0
Remaining amount of unpaid minimum required contributions 2018-07-31 0
Minimum required contributions for current year target normal cost 2018-07-31 503,331
Net shortfall amortization installment of oustanding balance 2018-07-31 0
Waiver amortization installment 2018-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-07-31 379,106
Carryover balance elected to use to offset funding requirement 2018-07-31 0
Prefunding balance elected to use to offset funding requirement 2018-07-31 379,160
Additional cash requirement 2018-07-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-07-31 426,633
Unpaid minimum required contributions for current year 2018-07-31 0
Unpaid minimum required contributions for all years 2018-07-31 0
2017: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets 2017-07-31 4,464,030
Acturial value of plan assets 2017-07-31 4,464,030
Funding target for retired participants and beneficiaries receiving payment 2017-07-31 0
Number of terminated vested participants 2017-07-31 0
Fundng target for terminated vested participants 2017-07-31 0
Active participant vested funding target 2017-07-31 3,835,793
Number of active participants 2017-07-31 7
Total funding liabilities for active participants 2017-07-31 3,996,827
Total participant count 2017-07-31 7
Total funding target for all participants 2017-07-31 3,996,827
Balance at beginning of prior year after applicable adjustments 2017-07-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2017-07-31 685,781
Carryover balanced portion elected for use to offset prior years funding requirement 2017-07-31 0
Prefunding balanced used to offset prior years funding requirement 2017-07-31 0
Amount remaining of carryover balance 2017-07-31 0
Amount remaining of prefunding balance 2017-07-31 685,781
Present value of excess contributions 2017-07-31 312,982
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-07-31 329,069
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-07-31 329,069
Reductions in caryover balances due to elections or deemed elections 2017-07-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-07-31 0
Balance of carryovers at beginning of current year 2017-07-31 0
Balance of prefunding at beginning of current year 2017-07-31 1,051,402
Total employer contributions 2017-07-31 500,000
Total employee contributions 2017-07-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-07-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-07-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-07-31 493,983
Liquidity shortfalls end of Q1 2017-07-31 0
Liquidity shortfalls end of Q2 2017-07-31 0
Liquidity shortfalls end of Q3 2017-07-31 0
Liquidity shortfalls end of Q4 2017-07-31 0
Unpaid minimum required contributions for all prior years 2017-07-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-07-31 0
Remaining amount of unpaid minimum required contributions 2017-07-31 0
Minimum required contributions for current year target normal cost 2017-07-31 538,359
Net shortfall amortization installment of oustanding balance 2017-07-31 584,199
Waiver amortization installment 2017-07-31 0
Waived amount of outstanding balance 2017-07-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-07-31 701,909
Carryover balance elected to use to offset funding requirement 2017-07-31 0
Prefunding balance elected to use to offset funding requirement 2017-07-31 701,909
Additional cash requirement 2017-07-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-07-31 493,983
Unpaid minimum required contributions for current year 2017-07-31 0
Unpaid minimum required contributions for all years 2017-07-31 0

Measure	Date	Value
2024: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-09-17	9
Total number of particpants at end of year	2024-09-17	9
2023: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2023 401k membership
Market value of plan assets	2023-07-31	4,695,099
Acturial value of plan assets	2023-07-31	4,695,099
Funding target for retired participants and beneficiaries receiving payment	2023-07-31	0
Number of terminated vested participants	2023-07-31	0
Fundng target for terminated vested participants	2023-07-31	0
Active participant vested funding target	2023-07-31	3,584,880
Number of active participants	2023-07-31	7
Total funding liabilities for active participants	2023-07-31	3,641,099
Total participant count	2023-07-31	7
Total funding target for all participants	2023-07-31	3,641,099
Balance at beginning of prior year after applicable adjustments	2023-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2023-07-31	965,513
Carryover balanced portion elected for use to offset prior years funding requirement	2023-07-31	0
Prefunding balanced used to offset prior years funding requirement	2023-07-31	0
Amount remaining of carryover balance	2023-07-31	0
Amount remaining of prefunding balance	2023-07-31	965,513
Present value of excess contributions	2023-07-31	395,587
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2023-07-31	415,406
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2023-07-31	415,406
Reductions in caryover balances due to elections or deemed elections	2023-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2023-07-31	0
Balance of carryovers at beginning of current year	2023-07-31	0
Balance of prefunding at beginning of current year	2023-07-31	1,408,726
Total employer contributions	2023-07-31	870,000
Total employee contributions	2023-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2023-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2023-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2023-07-31	849,276
Unpaid minimum required contributions for all prior years	2023-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2023-07-31	0
Remaining amount of unpaid minimum required contributions	2023-07-31	0
Minimum required contributions for current year target normal cost	2023-07-31	533,880
Net shortfall amortization installment of oustanding balance	2023-07-31	0
Waiver amortization installment	2023-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2023-07-31	533,880
Carryover balance elected to use to offset funding requirement	2023-07-31	0
Prefunding balance elected to use to offset funding requirement	2023-07-31	0
Additional cash requirement	2023-07-31	533,880
Contributions allocatedtoward minimum required contributions for current year	2023-07-31	849,276
Unpaid minimum required contributions for current year	2023-07-31	0
Unpaid minimum required contributions for all years	2023-07-31	0
2022: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2022 401k membership
Market value of plan assets	2022-07-31	5,727,745
Acturial value of plan assets	2022-07-31	5,727,745
Funding target for retired participants and beneficiaries receiving payment	2022-07-31	0
Number of terminated vested participants	2022-07-31	0
Fundng target for terminated vested participants	2022-07-31	0
Active participant vested funding target	2022-07-31	4,367,383
Number of active participants	2022-07-31	7
Total funding liabilities for active participants	2022-07-31	4,419,382
Total participant count	2022-07-31	7
Total funding target for all participants	2022-07-31	4,419,382
Balance at beginning of prior year after applicable adjustments	2022-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-07-31	547,959
Carryover balanced portion elected for use to offset prior years funding requirement	2022-07-31	0
Prefunding balanced used to offset prior years funding requirement	2022-07-31	0
Amount remaining of carryover balance	2022-07-31	0
Amount remaining of prefunding balance	2022-07-31	547,959
Present value of excess contributions	2022-07-31	363,454
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-07-31	381,772
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-07-31	381,772
Reductions in caryover balances due to elections or deemed elections	2022-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-07-31	0
Balance of carryovers at beginning of current year	2022-07-31	0
Balance of prefunding at beginning of current year	2022-07-31	965,513
Total employer contributions	2022-07-31	650,000
Total employee contributions	2022-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-07-31	620,611
Unpaid minimum required contributions for all prior years	2022-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-07-31	0
Remaining amount of unpaid minimum required contributions	2022-07-31	0
Minimum required contributions for current year target normal cost	2022-07-31	567,874
Net shortfall amortization installment of oustanding balance	2022-07-31	0
Waiver amortization installment	2022-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-07-31	225,024
Additional cash requirement	2022-07-31	225,024
Contributions allocatedtoward minimum required contributions for current year	2022-07-31	620,611
Unpaid minimum required contributions for current year	2022-07-31	0
Unpaid minimum required contributions for all years	2022-07-31	0
2021: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2021 401k membership
Market value of plan assets	2021-07-31	5,376,473
Acturial value of plan assets	2021-07-31	5,376,473
Funding target for retired participants and beneficiaries receiving payment	2021-07-31	0
Number of terminated vested participants	2021-07-31	1
Fundng target for terminated vested participants	2021-07-31	196,935
Active participant vested funding target	2021-07-31	4,410,577
Number of active participants	2021-07-31	7
Total funding liabilities for active participants	2021-07-31	4,441,428
Total participant count	2021-07-31	8
Total funding target for all participants	2021-07-31	4,638,363
Balance at beginning of prior year after applicable adjustments	2021-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-07-31	605,130
Carryover balanced portion elected for use to offset prior years funding requirement	2021-07-31	0
Prefunding balanced used to offset prior years funding requirement	2021-07-31	567,509
Amount remaining of carryover balance	2021-07-31	0
Amount remaining of prefunding balance	2021-07-31	37,621
Present value of excess contributions	2021-07-31	476,798
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-07-31	507,885
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-07-31	507,885
Reductions in caryover balances due to elections or deemed elections	2021-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-07-31	0
Balance of carryovers at beginning of current year	2021-07-31	0
Balance of prefunding at beginning of current year	2021-07-31	547,959
Total employer contributions	2021-07-31	637,500
Total employee contributions	2021-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-07-31	622,544
Unpaid minimum required contributions for all prior years	2021-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-07-31	0
Remaining amount of unpaid minimum required contributions	2021-07-31	0
Minimum required contributions for current year target normal cost	2021-07-31	485,039
Net shortfall amortization installment of oustanding balance	2021-07-31	0
Waiver amortization installment	2021-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-07-31	294,888
Carryover balance elected to use to offset funding requirement	2021-07-31	0
Prefunding balance elected to use to offset funding requirement	2021-07-31	0
Additional cash requirement	2021-07-31	294,888
Contributions allocatedtoward minimum required contributions for current year	2021-07-31	622,544
Unpaid minimum required contributions for current year	2021-07-31	0
Unpaid minimum required contributions for all years	2021-07-31	0
2019: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2019 401k membership
Market value of plan assets	2019-07-31	6,135,107
Acturial value of plan assets	2019-07-31	6,128,486
Funding target for retired participants and beneficiaries receiving payment	2019-07-31	0
Number of terminated vested participants	2019-07-31	0
Fundng target for terminated vested participants	2019-07-31	0
Active participant vested funding target	2019-07-31	5,356,894
Number of active participants	2019-07-31	7
Total funding liabilities for active participants	2019-07-31	5,529,339
Total participant count	2019-07-31	7
Total funding target for all participants	2019-07-31	5,529,339
Balance at beginning of prior year after applicable adjustments	2019-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2019-07-31	597,665
Carryover balanced portion elected for use to offset prior years funding requirement	2019-07-31	0
Prefunding balanced used to offset prior years funding requirement	2019-07-31	0
Amount remaining of carryover balance	2019-07-31	0
Amount remaining of prefunding balance	2019-07-31	597,665
Present value of excess contributions	2019-07-31	47,473
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-07-31	49,875
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-07-31	49,875
Reductions in caryover balances due to elections or deemed elections	2019-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-07-31	0
Balance of carryovers at beginning of current year	2019-07-31	0
Balance of prefunding at beginning of current year	2019-07-31	685,073
Total employer contributions	2019-07-31	525,000
Total employee contributions	2019-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-07-31	511,632
Unpaid minimum required contributions for all prior years	2019-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-07-31	0
Remaining amount of unpaid minimum required contributions	2019-07-31	0
Minimum required contributions for current year target normal cost	2019-07-31	573,528
Net shortfall amortization installment of oustanding balance	2019-07-31	85,926
Waiver amortization installment	2019-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-07-31	587,555
Carryover balance elected to use to offset funding requirement	2019-07-31	0
Prefunding balance elected to use to offset funding requirement	2019-07-31	587,555
Additional cash requirement	2019-07-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-07-31	511,632
Unpaid minimum required contributions for current year	2019-07-31	0
Unpaid minimum required contributions for all years	2019-07-31	0
2018: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2018 401k membership
Market value of plan assets	2018-07-31	5,405,887
Acturial value of plan assets	2018-07-31	5,405,693
Funding target for retired participants and beneficiaries receiving payment	2018-07-31	0
Number of terminated vested participants	2018-07-31	0
Fundng target for terminated vested participants	2018-07-31	0
Active participant vested funding target	2018-07-31	4,538,310
Number of active participants	2018-07-31	7
Total funding liabilities for active participants	2018-07-31	4,683,803
Total participant count	2018-07-31	7
Total funding target for all participants	2018-07-31	4,683,803
Balance at beginning of prior year after applicable adjustments	2018-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2018-07-31	1,051,402
Carryover balanced portion elected for use to offset prior years funding requirement	2018-07-31	0
Prefunding balanced used to offset prior years funding requirement	2018-07-31	493,983
Amount remaining of carryover balance	2018-07-31	0
Amount remaining of prefunding balance	2018-07-31	557,419
Present value of excess contributions	2018-07-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-07-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-07-31	0
Reductions in caryover balances due to elections or deemed elections	2018-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-07-31	0
Balance of carryovers at beginning of current year	2018-07-31	0
Balance of prefunding at beginning of current year	2018-07-31	597,665
Total employer contributions	2018-07-31	450,000
Total employee contributions	2018-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-07-31	426,633
Liquidity shortfalls end of Q1	2018-07-31	0
Liquidity shortfalls end of Q2	2018-07-31	0
Liquidity shortfalls end of Q3	2018-07-31	0
Liquidity shortfalls end of Q4	2018-07-31	0
Unpaid minimum required contributions for all prior years	2018-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-07-31	0
Remaining amount of unpaid minimum required contributions	2018-07-31	0
Minimum required contributions for current year target normal cost	2018-07-31	503,331
Net shortfall amortization installment of oustanding balance	2018-07-31	0
Waiver amortization installment	2018-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-07-31	379,106
Carryover balance elected to use to offset funding requirement	2018-07-31	0
Prefunding balance elected to use to offset funding requirement	2018-07-31	379,160
Additional cash requirement	2018-07-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-07-31	426,633
Unpaid minimum required contributions for current year	2018-07-31	0
Unpaid minimum required contributions for all years	2018-07-31	0
2017: INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2017 401k membership
Market value of plan assets	2017-07-31	4,464,030
Acturial value of plan assets	2017-07-31	4,464,030
Funding target for retired participants and beneficiaries receiving payment	2017-07-31	0
Number of terminated vested participants	2017-07-31	0
Fundng target for terminated vested participants	2017-07-31	0
Active participant vested funding target	2017-07-31	3,835,793
Number of active participants	2017-07-31	7
Total funding liabilities for active participants	2017-07-31	3,996,827
Total participant count	2017-07-31	7
Total funding target for all participants	2017-07-31	3,996,827
Balance at beginning of prior year after applicable adjustments	2017-07-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2017-07-31	685,781
Carryover balanced portion elected for use to offset prior years funding requirement	2017-07-31	0
Prefunding balanced used to offset prior years funding requirement	2017-07-31	0
Amount remaining of carryover balance	2017-07-31	0
Amount remaining of prefunding balance	2017-07-31	685,781
Present value of excess contributions	2017-07-31	312,982
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-07-31	329,069
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-07-31	329,069
Reductions in caryover balances due to elections or deemed elections	2017-07-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-07-31	0
Balance of carryovers at beginning of current year	2017-07-31	0
Balance of prefunding at beginning of current year	2017-07-31	1,051,402
Total employer contributions	2017-07-31	500,000
Total employee contributions	2017-07-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-07-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-07-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-07-31	493,983
Liquidity shortfalls end of Q1	2017-07-31	0
Liquidity shortfalls end of Q2	2017-07-31	0
Liquidity shortfalls end of Q3	2017-07-31	0
Liquidity shortfalls end of Q4	2017-07-31	0
Unpaid minimum required contributions for all prior years	2017-07-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-07-31	0
Remaining amount of unpaid minimum required contributions	2017-07-31	0
Minimum required contributions for current year target normal cost	2017-07-31	538,359
Net shortfall amortization installment of oustanding balance	2017-07-31	584,199
Waiver amortization installment	2017-07-31	0
Waived amount of outstanding balance	2017-07-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-07-31	701,909
Carryover balance elected to use to offset funding requirement	2017-07-31	0
Prefunding balance elected to use to offset funding requirement	2017-07-31	701,909
Additional cash requirement	2017-07-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-07-31	493,983
Unpaid minimum required contributions for current year	2017-07-31	0
Unpaid minimum required contributions for all years	2017-07-31	0

Financial Data on INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN

Measure	Date	Value
2024 : INDUSTRIAL ELECTRIC COMPANY OF DETROIT EMPLOYEES DEFINED BENEFIT PENSION PLAN 2024 401k financial data
Total transfers to/from plan in this plan year	2024-09-17	0
Total liabilities as of the end of the plan year	2024-09-17	0
Total liabilities as of the beginning of the plan year	2024-09-17	0
Total expenses incurred by plan in this plan year	2024-09-17	8506
Net assets as of the end of the plan year	2024-09-17	6289493
Total assets as of the beginning of the plan year	2024-09-17	5158668
Value of plan covered by a fidelity bond	2024-09-17	500000
Participant contributions to plan in this plan year	2024-09-17	0
Other expenses paid from plan in this plan year	2024-09-17	8506
Other contributions to plan in this plan year	2024-09-17	0
Other income to plan in this plan year	2024-09-17	339331
Plan net income in this plan year	2024-09-17	1130825
Net assets as of the end of the plan year	2024-09-17	6289493
Net assets as of the beginning of the plan year	2024-09-17	5158668
Employer contributions to plan in this plan year	2024-09-17	800000
Expensese paid to adminstrative service provicers from plan in this plan year	2024-09-17	0

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Company Name:	INDUSTRIAL ELECTRIC COMPANY OF DETROIT
Employer identification number (EIN):	381808959
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-08-01
001	2022-08-01
001	2022-08-01
001	2021-08-01
001	2021-08-01
001	2020-08-01
001	2017-08-01
001	2010-08-01	WILLIAM M. DARISH	2011-09-30	WILLIAM M. DARISH	2011-09-30