MAGIC VALLEY ELECTRIC, LLC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MAGIC VALLEY ELECTRIC LLC 401(K) PLAN
| Measure | Date | Value |
|---|
| 2025 : MAGIC VALLEY ELECTRIC LLC 401(K) PLAN 2025 401k financial data |
|---|
| Total liabilities as of the beginning of the plan year | 2025-08-19 | 0 |
| Total expenses incurred by plan in this plan year | 2025-08-19 | 131943 |
| Net assets as of the end of the plan year | 2025-08-19 | 2558647 |
| Total assets as of the beginning of the plan year | 2025-08-19 | 1352437 |
| Value of plan covered by a fidelity bond | 2025-08-19 | 250000 |
| Participant contributions to plan in this plan year | 2025-08-19 | 375345 |
| Other contributions to plan in this plan year | 2025-08-19 | 516132 |
| Other income to plan in this plan year | 2025-08-19 | 200916 |
| Plan net income in this plan year | 2025-08-19 | 1206210 |
| Net assets as of the end of the plan year | 2025-08-19 | 2558647 |
| Net assets as of the beginning of the plan year | 2025-08-19 | 1352437 |
| Employer contributions to plan in this plan year | 2025-08-19 | 245760 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-08-19 | 11914 |
| 2024 : MAGIC VALLEY ELECTRIC LLC 401(K) PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-07-03 | -808043 |
| Total liabilities as of the beginning of the plan year | 2024-07-03 | 0 |
| Total expenses incurred by plan in this plan year | 2024-07-03 | 67012 |
| Net assets as of the end of the plan year | 2024-07-03 | 1352437 |
| Total assets as of the beginning of the plan year | 2024-07-03 | 1498390 |
| Value of plan covered by a fidelity bond | 2024-07-03 | 500000 |
| Participant contributions to plan in this plan year | 2024-07-03 | 274631 |
| Other income to plan in this plan year | 2024-07-03 | 237046 |
| Plan net income in this plan year | 2024-07-03 | 662090 |
| Net assets as of the end of the plan year | 2024-07-03 | 1352437 |
| Net assets as of the beginning of the plan year | 2024-07-03 | 1498390 |
| Employer contributions to plan in this plan year | 2024-07-03 | 217425 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-07-03 | 4373 |
| 2022 : MAGIC VALLEY ELECTRIC LLC 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $363,576 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $42,803 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $33,119 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $584,529 |
| Value of total assets at end of year | 2022-12-31 | $1,498,390 |
| Value of total assets at beginning of year | 2022-12-31 | $1,177,617 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $9,684 |
| Total interest from all sources | 2022-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $30,593 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $30,593 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $333,446 |
| Participant contributions at end of year | 2022-12-31 | $6,158 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $320,773 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $1,498,390 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $1,177,617 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $9,187 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $1,487,632 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $1,177,617 |
| Interest on participant loans | 2022-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-251,546 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $251,083 |
| Employer contributions (assets) at end of year | 2022-12-31 | $4,600 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $33,119 |
| Contract administrator fees | 2022-12-31 | $497 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | GILBERT & STEWART CPA |
| Accountancy firm EIN | 2022-12-31 | 870403149 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $363,576 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $42,803 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $33,119 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $584,529 |
| Value of total assets at end of year | 2022-01-01 | $1,498,390 |
| Value of total assets at beginning of year | 2022-01-01 | $1,177,617 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $9,684 |
| Total interest from all sources | 2022-01-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $30,593 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $30,593 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $333,446 |
| Participant contributions at end of year | 2022-01-01 | $6,158 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $320,773 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $1,498,390 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $1,177,617 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Investment advisory and management fees | 2022-01-01 | $9,187 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $1,487,632 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $1,177,617 |
| Interest on participant loans | 2022-01-01 | $0 |
| Income. Interest from loans (other than to participants) | 2022-01-01 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-251,546 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $251,083 |
| Employer contributions (assets) at end of year | 2022-01-01 | $4,600 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $33,119 |
| Contract administrator fees | 2022-01-01 | $497 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | DAVIS & BOTT CPA'S |
| Accountancy firm EIN | 2022-01-01 | 870357392 |
| 2020 : MAGIC VALLEY ELECTRIC LLC 401(K) PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $461,285 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $14,720 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $13,598 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $399,572 |
| Value of total assets at end of year | 2020-12-31 | $446,565 |
| Value of total assets at beginning of year | 2020-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $1,122 |
| Total interest from all sources | 2020-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $6,221 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $6,221 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $155,819 |
| Participant contributions at end of year | 2020-12-31 | $22,078 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $112,596 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $446,565 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $446,565 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $409,988 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $55,492 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $131,157 |
| Employer contributions (assets) at end of year | 2020-12-31 | $14,499 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $13,598 |
| Contract administrator fees | 2020-12-31 | $1,122 |
| Did the plan have assets held for investment | 2020-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Unqualified |
| Accountancy firm name | 2020-12-31 | DAVIS & BOTT CPA'S |
| Accountancy firm EIN | 2020-12-31 | 870357392 |
| Total unrealized appreciation/depreciation of assets | 2020-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-01-01 | $0 |
| Total income from all sources (including contributions) | 2020-01-01 | $461,285 |
| Total loss/gain on sale of assets | 2020-01-01 | $0 |
| Total of all expenses incurred | 2020-01-01 | $14,720 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-01-01 | $13,598 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-01-01 | $399,572 |
| Value of total assets at end of year | 2020-01-01 | $446,565 |
| Value of total assets at beginning of year | 2020-01-01 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-01-01 | $1,122 |
| Total interest from all sources | 2020-01-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-01-01 | $6,221 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-01-01 | $6,221 |
| Was this plan covered by a fidelity bond | 2020-01-01 | Yes |
| Value of fidelity bond cover | 2020-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-01-01 | No |
| Contributions received from participants | 2020-01-01 | $155,819 |
| Participant contributions at end of year | 2020-01-01 | $22,078 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-01-01 | $112,596 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-01-01 | No |
| Value of net income/loss | 2020-01-01 | $446,565 |
| Value of net assets at end of year (total assets less liabilities) | 2020-01-01 | $446,565 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-01-01 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-01-01 | $409,988 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-01-01 | $55,492 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-01-01 | No |
| Contributions received in cash from employer | 2020-01-01 | $131,157 |
| Employer contributions (assets) at end of year | 2020-01-01 | $14,499 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-01-01 | $13,598 |
| Contract administrator fees | 2020-01-01 | $1,122 |
| Did the plan have assets held for investment | 2020-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-01-01 | 1 |
| Accountancy firm name | 2020-01-01 | DAVIS & BOTT CPA'S |
| Accountancy firm EIN | 2020-01-01 | 870357392 |
