PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN 401k Plan overview
| Plan Name | PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN |
| Plan identification number | 001 |
PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN Benefits
| 401k Plan Type | Defined 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.
- 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
PRECISION ELECTRICAL CONTRACTORS, INC. has sponsored the creation of one or more 401k plans.
Additional information about PRECISION ELECTRICAL CONTRACTORS, INC.
| Jurisdiction of Incorporation: | Texas Secretary of State |
| Incorporation Date: | 2017-01-19 |
| Company Identification Number: | 0802629843 |
| Legal Registered Office Address: |
2403 SIDNEY ST STE 125
PITTSBURGH
United States of America (USA)
15203
|
More information about PRECISION ELECTRICAL CONTRACTORS, INC.
Form 5500 Filing Information
Submission information for form 5500 for 401k plan PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN
| Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
|---|
| 001 | 2022-01-01 | DANIEL KAVEMEIER | 2023-09-11 | | |
| 001 | 2021-01-01 | DANIEL KAVEMEIER | 2022-10-04 | | |
| 001 | 2020-01-01 | DANIEL KAVEMEIER | 2021-10-07 | | |
| 001 | 2019-01-01 | | | | |
| 001 | 2018-01-01 | | | | |
| 001 | 2017-01-01 | | | | |
| 001 | 2016-01-01 | | | | |
| 001 | 2015-01-01 | ANGELA JEE | 2016-10-16 | | |
| 001 | 2014-01-01 | ANGELA JEE | 2015-10-15 | | |
| 001 | 2014-01-01 | DAN KAVEMEIER | 2015-10-13 | | |
Plan Statistics for PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN
401k plan membership statisitcs for PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2019: PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN 2019 401k membership |
|---|
| Total participants, beginning-of-year | 2019-01-01 | 14 |
| Total number of active participants reported on line 7a of the Form 5500 | 2019-01-01 | 14 |
| Number of retired or separated participants receiving benefits | 2019-01-01 | 0 |
| Number of other retired or separated participants entitled to future benefits | 2019-01-01 | 0 |
| Total of all active and inactive participants | 2019-01-01 | 14 |
| Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2019-01-01 | 0 |
| Total participants | 2019-01-01 | 14 |
| Number of participants with account balances | 2019-01-01 | 14 |
Financial Data on PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2019 : PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN 2019 401k financial data |
|---|
| Total income from all sources | 2019-12-31 | $32,765 |
| Expenses. Total of all expenses incurred | 2019-12-31 | $320 |
| Benefits paid (including direct rollovers) | 2019-12-31 | $0 |
| Total plan assets at end of year | 2019-12-31 | $99,648 |
| Total plan assets at beginning of year | 2019-12-31 | $67,203 |
| Value of fidelity bond covering the plan | 2019-12-31 | $6,721 |
| Expenses. Other expenses not covered elsewhere | 2019-12-31 | $0 |
| Other income received | 2019-12-31 | $-18,682 |
| Net income (gross income less expenses) | 2019-12-31 | $32,445 |
| Net plan assets at end of year (total assets less liabilities) | 2019-12-31 | $99,648 |
| Net plan assets at beginning of year (total assets less liabilities) | 2019-12-31 | $67,203 |
| Total contributions received or receivable from employer(s) | 2019-12-31 | $51,447 |
| Value of certain deemed distributions of participant loans | 2019-12-31 | $0 |
| Value of corrective distributions | 2019-12-31 | $0 |
| Expenses. Administrative service providers (salaries,fees and commissions) | 2019-12-31 | $320 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
Form 5500 Responses for PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN
| 2019: PRECISION ELECTRICAL CONTRACTORS, INC. PROFIT SHARING PLAN 2019 form 5500 responses |
|---|
| 2019-01-01 | Type of plan entity | Single employer plan |
| 2019-01-01 | Submission has been amended | No |
| 2019-01-01 | This submission is the final filing | No |
| 2019-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2019-01-01 | Plan is a collectively bargained plan | No |
| 2019-01-01 | Plan funding arrangement – Trust | Yes |
| 2019-01-01 | Plan benefit arrangement - Trust | Yes |
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