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NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN 401k Plan overview

Plan NameNORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN
Plan identification number 001

NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NORTH AMERICAN ELECTRIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:NORTH AMERICAN ELECTRIC, INC.
Employer identification number (EIN):593203473
NAIC Classification:423800

Additional information about NORTH AMERICAN ELECTRIC, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1992-10-16
Company Identification Number: V71694
Legal Registered Office Address: 14596 40 ST N

LOXAHATCHEE

33470

More information about NORTH AMERICAN ELECTRIC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01GILLIAN CUNNINGHAM2024-07-09
0012022-01-01GILLIAN CUNNINGHAM2023-07-06
0012021-01-01GILLIAN CUNNINGHAM2022-03-31 GILLIAN CUNNINGHAM2022-03-31
0012020-01-01GILLIAN CUNNINGHAM2021-04-23 GILLIAN CUNNINGHAM2021-04-23
0012019-01-01GILLIAN CUNNINGHAM2020-07-24 GILLIAN CUNNINGHAM2020-07-24
0012018-01-01GILLIAN CUNNINGHAM2019-10-02 GILLIAN CUNNINGHAM2019-10-02
0012017-01-01GILLIAN CUNNINGHAM2018-05-18 GILLIAN CUNNINGHAM2018-05-18
0012016-01-01GILLIAN CUNNINGHAM2017-08-11 GILLIAN CUNNINGHAM2017-08-11
0012015-01-01KARLA COUSIN2016-10-13 KARLA COUSIN2016-10-13
0012014-01-01KARLA COUSIN2015-10-15 KARLA COUSIN2015-10-15
0012013-01-01DAVID HACKMAN2014-07-15 DAVID HACKMAN2014-07-15

Financial Data on NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN

Measure Date Value
2025 : NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-10-080
Total expenses incurred by plan in this plan year2025-10-08641993
Net assets as of the end of the plan year2025-10-082999890
Total assets as of the beginning of the plan year2025-10-082804084
Value of plan covered by a fidelity bond2025-10-081000000
Participant contributions to plan in this plan year2025-10-08243091
Value of participant loans at end of plan year2025-10-0827620
Other contributions to plan in this plan year2025-10-080
Other income to plan in this plan year2025-10-08443086
Plan net income in this plan year2025-10-08195806
Net assets as of the end of the plan year2025-10-082999890
Net assets as of the beginning of the plan year2025-10-082804084
Employer contributions to plan in this plan year2025-10-08151622
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-0832284
2024 : NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-090
Total expenses incurred by plan in this plan year2024-07-0962056
Net assets as of the end of the plan year2024-07-092804084
Total assets as of the beginning of the plan year2024-07-092025591
Value of plan covered by a fidelity bond2024-07-091000000
Participant contributions to plan in this plan year2024-07-09248144
Value of participant loans at end of plan year2024-07-0911104
Other contributions to plan in this plan year2024-07-090
Other income to plan in this plan year2024-07-09443753
Plan net income in this plan year2024-07-09778493
Net assets as of the end of the plan year2024-07-092804084
Net assets as of the beginning of the plan year2024-07-092025591
Employer contributions to plan in this plan year2024-07-09148652
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-0918336
2022 : NORTH AMERICAN ELECTRIC, INC. 401(K) SAVINGS & PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-03-3186993
Net assets as of the end of the plan year2022-03-312362723
Total assets as of the beginning of the plan year2022-03-311798894
Value of plan covered by a fidelity bond2022-03-31250000
Participant contributions to plan in this plan year2022-03-31186983
Value of participant loans at end of plan year2022-03-3113315
Other contributions to plan in this plan year2022-03-3167260
Other income to plan in this plan year2022-03-31290994
Plan net income in this plan year2022-03-31563829
Net assets as of the end of the plan year2022-03-312362723
Net assets as of the beginning of the plan year2022-03-311798894
Employer contributions to plan in this plan year2022-03-31105585
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-3123626

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