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ELECTRICAL WORKERS LOCAL 242 VACATION FUND 401k Plan overview

Plan NameELECTRICAL WORKERS LOCAL 242 VACATION FUND
Plan identification number 003

ELECTRICAL WORKERS LOCAL 242 VACATION FUND Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Target benefit plan
  • Other welfare benefit cover

401k Sponsoring company profile

TRUSTEES OF ELECTRICAL WORKERS LOCAL 242 VACATION FUND has sponsored the creation of one or more 401k plans.

Company Name:TRUSTEES OF ELECTRICAL WORKERS LOCAL 242 VACATION FUND
Employer identification number (EIN):416009104
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ELECTRICAL WORKERS LOCAL 242 VACATION FUND

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032013-01-01DANA HANSON WILLIAM MAJERLE2014-10-13
0032012-01-01DANA HANSON DONALD SMITH2013-10-15
0032011-01-01JIM BROWN WILLIAM MAJERLE2012-10-15
0032010-01-01WILLIAM MAJERLE JIM BROWN2011-07-28
0032009-01-01WILLIAM MAJERLE
0032009-01-012010-07-12 WILLIAM MAJERLE2010-07-12

Plan Statistics for ELECTRICAL WORKERS LOCAL 242 VACATION FUND

401k plan membership statisitcs for ELECTRICAL WORKERS LOCAL 242 VACATION FUND

Measure Date Value
2013: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2013 401k membership
Total participants, beginning-of-year2013-01-01430
Total number of active participants reported on line 7a of the Form 55002013-01-010
Total of all active and inactive participants2013-01-010
Total participants2013-01-010
Number of employers contributing to the scheme2013-01-0164
2012: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2012 401k membership
Total participants, beginning-of-year2012-01-01373
Total number of active participants reported on line 7a of the Form 55002012-01-01430
Total of all active and inactive participants2012-01-01430
Total participants2012-01-01430
Number of employers contributing to the scheme2012-01-0172
2011: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2011 401k membership
Total participants, beginning-of-year2011-01-01415
Total number of active participants reported on line 7a of the Form 55002011-01-01373
Total of all active and inactive participants2011-01-01373
Total participants2011-01-01373
Number of employers contributing to the scheme2011-01-0161
2010: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2010 401k membership
Total participants, beginning-of-year2010-01-01452
Total number of active participants reported on line 7a of the Form 55002010-01-01415
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-010
Total of all active and inactive participants2010-01-01415
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01415
Number of participants with account balances2010-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
Number of employers contributing to the scheme2010-01-010
2009: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2009 401k membership
Total participants, beginning-of-year2009-01-01510
Total number of active participants reported on line 7a of the Form 55002009-01-01452
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-01452
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01452
Number of participants with account balances2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010
Number of employers contributing to the scheme2009-01-010

Financial Data on ELECTRICAL WORKERS LOCAL 242 VACATION FUND

Measure Date Value
2013 : ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2013 401k financial data
Total transfer of assets from this plan2013-12-31$2,173,904
Total income from all sources (including contributions)2013-12-31$2,182,280
Total of all expenses incurred2013-12-31$1,962,099
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,953,581
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$2,180,917
Value of total assets at end of year2013-12-31$0
Value of total assets at beginning of year2013-12-31$1,953,723
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$8,518
Total interest from all sources2013-12-31$1,363
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$5,734
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$350,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Administrative expenses (other) incurred2013-12-31$1,284
Total non interest bearing cash at end of year2013-12-31$0
Total non interest bearing cash at beginning of year2013-12-31$463
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$220,181
Value of net assets at end of year (total assets less liabilities)2013-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$1,953,723
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$1,757,239
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$1,757,239
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$1,363
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$2,180,917
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$196,021
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,953,581
Contract administrator fees2013-12-31$1,500
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31No
Opinion of an independent qualified public accountant for this plan2013-12-31Unqualified
Accountancy firm name2013-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2013-12-31320043599
2012 : ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$1,960,991
Total of all expenses incurred2012-12-31$2,089,454
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,081,667
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,959,086
Value of total assets at end of year2012-12-31$1,953,723
Value of total assets at beginning of year2012-12-31$2,082,186
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$7,787
Total interest from all sources2012-12-31$1,905
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$5,095
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Loans (other than to participants) at beginning of year2012-12-31$11,250
Administrative expenses (other) incurred2012-12-31$1,192
Total non interest bearing cash at end of year2012-12-31$463
Total non interest bearing cash at beginning of year2012-12-31$1,599
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-128,463
Value of net assets at end of year (total assets less liabilities)2012-12-31$1,953,723
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,082,186
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$1,757,239
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$1,896,850
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$1,896,850
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$1,905
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,959,086
Employer contributions (assets) at end of year2012-12-31$196,021
Employer contributions (assets) at beginning of year2012-12-31$172,487
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,081,667
Contract administrator fees2012-12-31$1,500
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2012-12-31320043599
2011 : ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2011 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$2,078,394
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$1,825,685
Total income from all sources (including contributions)2011-12-31$2,075,991
Total of all expenses incurred2011-12-31$2,080,325
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$2,075,194
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,072,992
Value of total assets at end of year2011-12-31$2,082,186
Value of total assets at beginning of year2011-12-31$1,833,811
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$5,131
Total interest from all sources2011-12-31$2,999
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$2,900
Was this plan covered by a fidelity bond2011-12-31No
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Assets. Loans (other than to participants) at end of year2011-12-31$11,250
Assets. Loans (other than to participants) at beginning of year2011-12-31$11,250
Administrative expenses (other) incurred2011-12-31$731
Total non interest bearing cash at end of year2011-12-31$1,599
Total non interest bearing cash at beginning of year2011-12-31$16,774
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-4,334
Value of net assets at end of year (total assets less liabilities)2011-12-31$3,792
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$8,126
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Income. Interest from loans (other than to participants)2011-12-31$380
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$1,896,850
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$1,597,769
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$1,597,769
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$2,619
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$2,072,992
Employer contributions (assets) at end of year2011-12-31$172,487
Employer contributions (assets) at beginning of year2011-12-31$208,018
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$2,075,194
Contract administrator fees2011-12-31$1,500
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Liabilities. Value of benefit claims payable at end of year2011-12-31$2,078,394
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$1,825,685
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31LEGACY PROFESSIONALS LLP
Accountancy firm EIN2011-12-31320043599
2010 : ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2010 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,825,685
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$1,659,183
Total income from all sources (including contributions)2010-12-31$1,828,730
Total of all expenses incurred2010-12-31$1,830,262
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,824,025
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,825,685
Value of total assets at end of year2010-12-31$1,833,811
Value of total assets at beginning of year2010-12-31$1,668,841
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$6,237
Total interest from all sources2010-12-31$3,045
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$2,918
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$100,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Assets. Loans (other than to participants) at end of year2010-12-31$11,250
Assets. Loans (other than to participants) at beginning of year2010-12-31$11,250
Administrative expenses (other) incurred2010-12-31$982
Total non interest bearing cash at end of year2010-12-31$16,774
Total non interest bearing cash at beginning of year2010-12-31$5,704
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$-1,532
Value of net assets at end of year (total assets less liabilities)2010-12-31$8,126
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$9,658
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$837
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$1,597,769
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,483,749
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,483,749
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$3,045
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$1,825,685
Employer contributions (assets) at end of year2010-12-31$208,018
Employer contributions (assets) at beginning of year2010-12-31$168,138
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,824,025
Contract administrator fees2010-12-31$1,500
Liabilities. Value of benefit claims payable at end of year2010-12-31$1,825,685
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$1,659,183
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31LICARI, LARSEN & CO. LTD
Accountancy firm EIN2010-12-31411806729
2009 : ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for ELECTRICAL WORKERS LOCAL 242 VACATION FUND

2013: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2013 form 5500 responses
2013-01-01Type of plan entityMulti-employer plan
2013-01-01This submission is the final filingYes
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2012 form 5500 responses
2012-01-01Type of plan entityMulti-employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2011 form 5500 responses
2011-01-01Type of plan entityMulti-employer plan
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2010 form 5500 responses
2010-01-01Type of plan entityMulti-employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: ELECTRICAL WORKERS LOCAL 242 VACATION FUND 2009 form 5500 responses
2009-01-01Type of plan entityMulti-employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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