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R & L ELECTRIC INC 401K SAVINGS PLAN 401k Plan overview

Plan NameR & L ELECTRIC INC 401K SAVINGS PLAN
Plan identification number 001

R & L ELECTRIC INC 401K SAVINGS 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.

401k Sponsoring company profile

R & L ELECTRIC INC has sponsored the creation of one or more 401k plans.

Company Name:R & L ELECTRIC INC
Employer identification number (EIN):752745580
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan R & L ELECTRIC INC 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01RON CANION2024-06-19
0012022-01-01RON CANION2023-06-13
0012021-01-01RON CANION2022-07-26
0012020-01-01RON CANION2021-07-20
0012019-01-01RON CANION2020-09-23
0012018-01-01RON CANION2019-10-02 RON CANION2019-10-02
0012017-01-01RON CANION2018-09-24 RON CANION2018-09-24
0012016-01-01RON CANION2017-07-18 RON CANION2017-07-18

Plan Statistics for R & L ELECTRIC INC 401K SAVINGS PLAN

401k plan membership statisitcs for R & L ELECTRIC INC 401K SAVINGS PLAN

Measure Date Value
2025: R & L ELECTRIC INC 401K SAVINGS PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-0980
Total number of particpants at end of year2025-07-0969
Number of Participants With Account Balances2025-07-0932
2024: R & L ELECTRIC INC 401K SAVINGS PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-1986
Total number of particpants at end of year2024-06-1969
Number of Participants With Account Balances2024-06-1931
2022: R & L ELECTRIC INC 401K SAVINGS PLAN 2022 401k membership
Total number of particpants at beginning of year2022-07-26105
Total number of particpants at end of year2022-07-2686
Number of Participants With Account Balances2022-07-2634

Financial Data on R & L ELECTRIC INC 401K SAVINGS PLAN

Measure Date Value
2025 : R & L ELECTRIC INC 401K SAVINGS PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-090
Total liabilities as of the beginning of the plan year2025-07-090
Total expenses incurred by plan in this plan year2025-07-092077527
Net assets as of the end of the plan year2025-07-091672385
Total assets as of the beginning of the plan year2025-07-093203605
Value of plan covered by a fidelity bond2025-07-09320361
Participant contributions to plan in this plan year2025-07-09155579
Value of participant loans at end of plan year2025-07-0960716
Other expenses paid from plan in this plan year2025-07-090
Other contributions to plan in this plan year2025-07-090
Other income to plan in this plan year2025-07-09295875
Plan net income in this plan year2025-07-09-1531220
Net assets as of the end of the plan year2025-07-091672385
Net assets as of the beginning of the plan year2025-07-093203605
Employer contributions to plan in this plan year2025-07-0994853
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-091850
2024 : R & L ELECTRIC INC 401K SAVINGS PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-190
Total liabilities as of the end of the plan year2024-06-190
Total liabilities as of the beginning of the plan year2024-06-190
Total expenses incurred by plan in this plan year2024-06-19206125
Net assets as of the end of the plan year2024-06-193203605
Total assets as of the beginning of the plan year2024-06-192756025
Value of plan covered by a fidelity bond2024-06-19275603
Participant contributions to plan in this plan year2024-06-19155750
Value of participant loans at end of plan year2024-06-1964702
Other expenses paid from plan in this plan year2024-06-190
Other contributions to plan in this plan year2024-06-1923699
Other income to plan in this plan year2024-06-19386718
Plan net income in this plan year2024-06-19447580
Net assets as of the end of the plan year2024-06-193203605
Net assets as of the beginning of the plan year2024-06-192756025
Employer contributions to plan in this plan year2024-06-1987538
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-191571
2022 : R & L ELECTRIC INC 401K SAVINGS PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-07-260
Total liabilities as of the end of the plan year2022-07-260
Total liabilities as of the beginning of the plan year2022-07-260
Total expenses incurred by plan in this plan year2022-07-2645132
Net assets as of the end of the plan year2022-07-262902031
Total assets as of the beginning of the plan year2022-07-262310168
Value of plan covered by a fidelity bond2022-07-26231017
Participant contributions to plan in this plan year2022-07-26171455
Value of participant loans at end of plan year2022-07-2622291
Other expenses paid from plan in this plan year2022-07-260
Other contributions to plan in this plan year2022-07-2620256
Other income to plan in this plan year2022-07-26353313
Plan net income in this plan year2022-07-26591863
Net assets as of the end of the plan year2022-07-262902031
Net assets as of the beginning of the plan year2022-07-262310168
Employer contributions to plan in this plan year2022-07-2691971
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-261324

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