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B & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameB & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN
Plan identification number 001

B & E ELECTRIC, INC 401(K) 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.
  • 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

B & E ELECTRIC, INC has sponsored the creation of one or more 401k plans.

Company Name:B & E ELECTRIC, INC
Employer identification number (EIN):911518120
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DIANE BROSSART2024-10-09
0012022-01-01DIANE BROSSART2023-08-10
0012021-01-01DIANE BROSSART2022-07-27
0012020-01-01DIANE BROSSART2021-06-15
0012019-01-01DIANE BROSSART2020-05-14

Financial Data on B & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : B & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-112712
Net assets as of the end of the plan year2025-06-11374348
Total assets as of the beginning of the plan year2025-06-11296232
Value of plan covered by a fidelity bond2025-06-1140000
Participant contributions to plan in this plan year2025-06-1116760
Other contributions to plan in this plan year2025-06-110
Other income to plan in this plan year2025-06-1140787
Plan net income in this plan year2025-06-1178116
Net assets as of the end of the plan year2025-06-11374348
Net assets as of the beginning of the plan year2025-06-11296232
Employer contributions to plan in this plan year2025-06-1123281
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-112712
2024 : B & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-09496
Net assets as of the end of the plan year2024-10-09296232
Total assets as of the beginning of the plan year2024-10-09222537
Value of plan covered by a fidelity bond2024-10-0925000
Participant contributions to plan in this plan year2024-10-0921860
Other income to plan in this plan year2024-10-0913681
Plan net income in this plan year2024-10-0973695
Net assets as of the end of the plan year2024-10-09296232
Net assets as of the beginning of the plan year2024-10-09222537
Employer contributions to plan in this plan year2024-10-0938650
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-09496
2022 : B & E ELECTRIC, INC 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-2713300
Net assets as of the end of the plan year2022-07-27192964
Total assets as of the beginning of the plan year2022-07-27130284
Value of plan covered by a fidelity bond2022-07-2713000
Participant contributions to plan in this plan year2022-07-2733820
Other income to plan in this plan year2022-07-2712809
Plan net income in this plan year2022-07-2762680
Net assets as of the end of the plan year2022-07-27192964
Net assets as of the beginning of the plan year2022-07-27130284
Employer contributions to plan in this plan year2022-07-2729351
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-271236

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