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NEXT LEVEL ELECTRIC LLC 401(K) PLAN 401k Plan overview

Plan NameNEXT LEVEL ELECTRIC LLC 401(K) PLAN
Plan identification number 001

NEXT LEVEL ELECTRIC LLC 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.
  • Plan covering Self-Employed individuals.
  • 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

NEXT LEVEL ELECTRIC LLC has sponsored the creation of one or more 401k plans.

Company Name:NEXT LEVEL ELECTRIC LLC
Employer identification number (EIN):841965795
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEXT LEVEL ELECTRIC LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01CHRISTINE RIMER2023-05-28

Plan Statistics for NEXT LEVEL ELECTRIC LLC 401(K) PLAN

401k plan membership statisitcs for NEXT LEVEL ELECTRIC LLC 401(K) PLAN

Measure Date Value
2025: NEXT LEVEL ELECTRIC LLC 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-299
Total number of particpants at end of year2025-04-299
Number of Participants With Account Balances2025-04-299
2024: NEXT LEVEL ELECTRIC LLC 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-027
Total number of particpants at end of year2024-07-029
Number of Participants With Account Balances2024-07-027

Financial Data on NEXT LEVEL ELECTRIC LLC 401(K) PLAN

Measure Date Value
2025 : NEXT LEVEL ELECTRIC LLC 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-04-290
Total liabilities as of the end of the plan year2025-04-290
Total liabilities as of the beginning of the plan year2025-04-290
Total expenses incurred by plan in this plan year2025-04-2934554
Net assets as of the end of the plan year2025-04-2990567
Total assets as of the beginning of the plan year2025-04-2966478
Value of plan covered by a fidelity bond2025-04-29917471694
Participant contributions to plan in this plan year2025-04-2923871
Other expenses paid from plan in this plan year2025-04-290
Other contributions to plan in this plan year2025-04-290
Other income to plan in this plan year2025-04-2910902
Plan net income in this plan year2025-04-2924089
Net assets as of the end of the plan year2025-04-2990567
Net assets as of the beginning of the plan year2025-04-2966478
Value of contributions failed to transmitted timely2025-04-291074
Employer contributions to plan in this plan year2025-04-2923870
Fees paid to broker by Benefit Provider2025-04-290
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-2999
2024 : NEXT LEVEL ELECTRIC LLC 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-020
Total liabilities as of the end of the plan year2024-07-020
Total liabilities as of the beginning of the plan year2024-07-020
Total expenses incurred by plan in this plan year2024-07-0227025
Net assets as of the end of the plan year2024-07-0266478
Total assets as of the beginning of the plan year2024-07-0239412
Value of plan covered by a fidelity bond2024-07-02705050000
Participant contributions to plan in this plan year2024-07-0225263
Other expenses paid from plan in this plan year2024-07-020
Other contributions to plan in this plan year2024-07-020
Other income to plan in this plan year2024-07-028270
Plan net income in this plan year2024-07-0227066
Net assets as of the end of the plan year2024-07-0266478
Net assets as of the beginning of the plan year2024-07-0239412
Value of contributions failed to transmitted timely2024-07-02677
Employer contributions to plan in this plan year2024-07-0220558
Fees paid to broker by Benefit Provider2024-07-020
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-02140

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