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ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 401k Plan overview

Plan NameACE ELECTRIC COMPANY INC PROFIT SHARING PLAN
Plan identification number 001

ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:ACE ELECTRIC COMPANY INC
Employer identification number (EIN):540801671
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about ACE ELECTRIC COMPANY INC

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C1548823

More information about ACE ELECTRIC COMPANY INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ADAM CHRISTIAN FOEGE2024-06-28
0012022-01-01ADAM FOEGE2023-08-09
0012021-01-01ADAM FOEGE2022-07-14
0012021-01-01
0012021-01-01AMANDA SHEA
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01ADAM FOEGE
0012016-01-01MARTIN LITTLE2017-05-08
0012015-01-01MARTIN LITTLE2016-02-22
0012014-01-01MARTIN LITTLE2015-05-08
0012013-10-01MARTIN LITTLE2014-10-14 MARTIN LITTLE2014-10-14
0012012-10-01MARTIN LITTLE2014-11-13 MARTIN LITTLE2014-11-13
0012011-10-01MARTIN LITTLE

Financial Data on ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN

Measure Date Value
2025 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-06125306
Net assets as of the end of the plan year2025-06-061774138
Total assets as of the beginning of the plan year2025-06-061516407
Value of plan covered by a fidelity bond2025-06-06240000
Participant contributions to plan in this plan year2025-06-06129185
Value of participant loans at end of plan year2025-06-060
Other contributions to plan in this plan year2025-06-060
Other income to plan in this plan year2025-06-06191870
Plan net income in this plan year2025-06-06257731
Net assets as of the end of the plan year2025-06-061774138
Net assets as of the beginning of the plan year2025-06-061516407
Value of contributions failed to transmitted timely2025-06-060
Employer contributions to plan in this plan year2025-06-0661982
Fees paid to broker by Benefit Provider2025-06-065283
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-060
2024 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-2810528
Net assets as of the end of the plan year2024-06-281516407
Total assets as of the beginning of the plan year2024-06-281140207
Value of plan covered by a fidelity bond2024-06-28250000
Participant contributions to plan in this plan year2024-06-28137627
Other contributions to plan in this plan year2024-06-280
Other income to plan in this plan year2024-06-28190311
Plan net income in this plan year2024-06-28376200
Net assets as of the end of the plan year2024-06-281516407
Net assets as of the beginning of the plan year2024-06-281140207
Employer contributions to plan in this plan year2024-06-2858790
Fees paid to broker by Benefit Provider2024-06-284659
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-288156
2021 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$502,034
Expenses. Total of all expenses incurred2021-12-31$711,433
Benefits paid (including direct rollovers)2021-12-31$702,942
Total plan assets at end of year2021-12-31$2,064,966
Total plan assets at beginning of year2021-12-31$2,274,365
Value of fidelity bond covering the plan2021-12-31$250,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$146,256
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$294,085
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$-209,399
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,064,966
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,274,365
Assets. Value of participant loans2021-12-31$0
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$61,693
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$8,491
2020 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$581,355
Expenses. Total of all expenses incurred2020-12-31$175,425
Benefits paid (including direct rollovers)2020-12-31$168,629
Total plan assets at end of year2020-12-31$2,274,365
Total plan assets at beginning of year2020-12-31$1,868,435
Value of fidelity bond covering the plan2020-12-31$250,000
Assets. Value of tangible personal property2020-12-31$0
Total contributions received or receivable from participants2020-12-31$150,191
Assets. Value of loans (other than to participants)2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$367,592
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$405,930
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,274,365
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,868,435
Assets. Value of participant loans2020-12-31$0
Assets. Value of assets in partnership/joint-venture interests2020-12-31$0
Assets. Value of real-estate (other than employer real property)2020-12-31$0
Assets. Value of employer securities2020-12-31$0
Assets. Value of employer real property2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$63,572
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$6
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$6,790
2019 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$530,418
Expenses. Total of all expenses incurred2019-12-31$103,220
Benefits paid (including direct rollovers)2019-12-31$97,273
Total plan assets at end of year2019-12-31$1,868,435
Total plan assets at beginning of year2019-12-31$1,441,237
Value of fidelity bond covering the plan2019-12-31$250,000
Total contributions received or receivable from participants2019-12-31$115,899
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$361,095
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$427,198
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,868,435
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,441,237
Total contributions received or receivable from employer(s)2019-12-31$53,424
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$5,947
2018 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$68,421
Expenses. Total of all expenses incurred2018-12-31$66,923
Benefits paid (including direct rollovers)2018-12-31$62,621
Total plan assets at end of year2018-12-31$1,441,237
Total plan assets at beginning of year2018-12-31$1,439,739
Value of fidelity bond covering the plan2018-12-31$250,000
Total contributions received or receivable from participants2018-12-31$105,754
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-114,773
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$1,498
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,441,237
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,439,739
Total contributions received or receivable from employer(s)2018-12-31$77,440
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$4,302
2017 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$257,371
Expenses. Total of all expenses incurred2017-12-31$24,549
Benefits paid (including direct rollovers)2017-12-31$20,357
Total plan assets at end of year2017-12-31$1,439,739
Total plan assets at beginning of year2017-12-31$1,206,917
Value of fidelity bond covering the plan2017-12-31$250,000
Total contributions received or receivable from participants2017-12-31$69,867
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$187,504
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$232,822
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,439,739
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,206,917
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$4,192
2012 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan2012-09-30$0
Total income from all sources2012-09-30$206,158
Expenses. Total of all expenses incurred2012-09-30$104,047
Benefits paid (including direct rollovers)2012-09-30$97,039
Total plan assets at end of year2012-09-30$1,106,865
Total plan assets at beginning of year2012-09-30$1,004,754
Value of fidelity bond covering the plan2012-09-30$150,000
Total contributions received or receivable from participants2012-09-30$58,372
Expenses. Other expenses not covered elsewhere2012-09-30$75
Contributions received from other sources (not participants or employers)2012-09-30$0
Other income received2012-09-30$147,786
Net income (gross income less expenses)2012-09-30$102,111
Net plan assets at end of year (total assets less liabilities)2012-09-30$1,106,865
Net plan assets at beginning of year (total assets less liabilities)2012-09-30$1,004,754
Assets. Value of participant loans2012-09-30$0
Total contributions received or receivable from employer(s)2012-09-30$0
Value of certain deemed distributions of participant loans2012-09-30$0
Value of corrective distributions2012-09-30$6,933
Funding deficiency by the employer to the plan for this plan year2012-09-30$0
Minimum employer required contribution for this plan year2012-09-30$0
Amount contributed by the employer to the plan for this plan year2012-09-30$0
2011 : ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan2011-09-30$0
Total income from all sources2011-09-30$79,880
Expenses. Total of all expenses incurred2011-09-30$380,795
Benefits paid (including direct rollovers)2011-09-30$378,775
Total plan assets at end of year2011-09-30$1,004,754
Total plan assets at beginning of year2011-09-30$1,305,669
Value of fidelity bond covering the plan2011-09-30$150,000
Total contributions received or receivable from participants2011-09-30$72,231
Expenses. Other expenses not covered elsewhere2011-09-30$2,020
Contributions received from other sources (not participants or employers)2011-09-30$0
Other income received2011-09-30$7,649
Net income (gross income less expenses)2011-09-30$-300,915
Net plan assets at end of year (total assets less liabilities)2011-09-30$1,004,754
Net plan assets at beginning of year (total assets less liabilities)2011-09-30$1,305,669
Assets. Value of participant loans2011-09-30$0
Total contributions received or receivable from employer(s)2011-09-30$0
Value of certain deemed distributions of participant loans2011-09-30$0
Value of corrective distributions2011-09-30$0
Funding deficiency by the employer to the plan for this plan year2011-09-30$0
Minimum employer required contribution for this plan year2011-09-30$0
Amount contributed by the employer to the plan for this plan year2011-09-30$0

Form 5500 Responses for ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN

2021: ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01This submission is the final filingNo
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2011: ACE ELECTRIC COMPANY INC PROFIT SHARING PLAN 2011 form 5500 responses
2011-10-01Type of plan entitySingle employer plan
2011-10-01Submission has been amendedNo
2011-10-01This submission is the final filingNo
2011-10-01This return/report is a short plan year return/report (less than 12 months)No
2011-10-01Plan is a collectively bargained planNo
2011-10-01Plan funding arrangement – InsuranceYes
2011-10-01Plan funding arrangement – TrustYes
2011-10-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number114690
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-823983
Policy instance 1
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-823983
Policy instance 1

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