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NORTHERN ELECTRIC INC 401(K) PLAN 401k Plan overview

Plan NameNORTHERN ELECTRIC INC 401(K) PLAN
Plan identification number 001

NORTHERN ELECTRIC INC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.

401k Sponsoring company profile

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

Company Name:NORTHERN ELECTRIC INC
Employer identification number (EIN):833696818
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NORTHERN ELECTRIC INC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01QIAN LIU2024-05-15
0012022-01-01CHRISTINE RIMER2023-05-27
0012021-01-01CHRISTINE RIMER2022-06-01

Plan Statistics for NORTHERN ELECTRIC INC 401(K) PLAN

401k plan membership statisitcs for NORTHERN ELECTRIC INC 401(K) PLAN

Measure Date Value
2025: NORTHERN ELECTRIC INC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-1611
Total number of particpants at end of year2025-04-1618
Number of Participants With Account Balances2025-04-1618
2024: NORTHERN ELECTRIC INC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-159
Total number of particpants at end of year2024-05-1511
Number of Participants With Account Balances2024-05-1511
2022: NORTHERN ELECTRIC INC 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-010
Total number of particpants at end of year2022-06-017
Number of Participants With Account Balances2022-06-016

Financial Data on NORTHERN ELECTRIC INC 401(K) PLAN

Measure Date Value
2025 : NORTHERN ELECTRIC INC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-160
Total liabilities as of the end of the plan year2025-04-160
Total liabilities as of the beginning of the plan year2025-04-160
Total expenses incurred by plan in this plan year2025-04-16430
Net assets as of the end of the plan year2025-04-16112169
Total assets as of the beginning of the plan year2025-04-1666480
Value of plan covered by a fidelity bond2025-04-16917471694
Participant contributions to plan in this plan year2025-04-1620724
Other expenses paid from plan in this plan year2025-04-160
Other contributions to plan in this plan year2025-04-160
Other income to plan in this plan year2025-04-1610620
Plan net income in this plan year2025-04-1645689
Net assets as of the end of the plan year2025-04-16112169
Net assets as of the beginning of the plan year2025-04-1666480
Value of contributions failed to transmitted timely2025-04-160
Employer contributions to plan in this plan year2025-04-1614775
Fees paid to broker by Benefit Provider2025-04-160
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-16430
2024 : NORTHERN ELECTRIC INC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-150
Total liabilities as of the end of the plan year2024-05-150
Total liabilities as of the beginning of the plan year2024-05-150
Total expenses incurred by plan in this plan year2024-05-15212
Net assets as of the end of the plan year2024-05-1566480
Total assets as of the beginning of the plan year2024-05-1535204
Value of plan covered by a fidelity bond2024-05-15705050000
Participant contributions to plan in this plan year2024-05-1513373
Other expenses paid from plan in this plan year2024-05-150
Other contributions to plan in this plan year2024-05-150
Other income to plan in this plan year2024-05-158747
Plan net income in this plan year2024-05-1531276
Net assets as of the end of the plan year2024-05-1566480
Net assets as of the beginning of the plan year2024-05-1535204
Value of contributions failed to transmitted timely2024-05-150
Employer contributions to plan in this plan year2024-05-159368
Fees paid to broker by Benefit Provider2024-05-150
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-15212
2022 : NORTHERN ELECTRIC INC 401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-010
Total liabilities as of the end of the plan year2022-06-010
Total liabilities as of the beginning of the plan year2022-06-010
Total expenses incurred by plan in this plan year2022-06-0118
Net assets as of the end of the plan year2022-06-0113566
Total assets as of the beginning of the plan year2022-06-010
Value of plan covered by a fidelity bond2022-06-01336000000
Participant contributions to plan in this plan year2022-06-018166
Other expenses paid from plan in this plan year2022-06-010
Other contributions to plan in this plan year2022-06-010
Other income to plan in this plan year2022-06-01451
Plan net income in this plan year2022-06-0113566
Net assets as of the end of the plan year2022-06-0113566
Net assets as of the beginning of the plan year2022-06-010
Value of contributions failed to transmitted timely2022-06-010
Employer contributions to plan in this plan year2022-06-014967
Fees paid to broker by Benefit Provider2022-06-010
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-0118

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