GARNER ELECTRIC CO., INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan GARNER ELECTRIC 401(K) PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2022 : GARNER ELECTRIC 401(K) PROFIT SHARING PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total transfer of assets to this plan | 2022-12-31 | $0 |
| Total transfer of assets from this plan | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $254,554 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $383,505 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $343,199 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $319 |
| Value of total corrective distributions | 2022-12-31 | $17,249 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $981,848 |
| Value of total assets at end of year | 2022-12-31 | $4,168,908 |
| Value of total assets at beginning of year | 2022-12-31 | $4,297,859 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $22,738 |
| Total interest from all sources | 2022-12-31 | $3,653 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $189,790 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $189,790 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $430,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $686,606 |
| Participant contributions at end of year | 2022-12-31 | $53,307 |
| Participant contributions at beginning of year | 2022-12-31 | $74,145 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $31,650 |
| Other income not declared elsewhere | 2022-12-31 | $10 |
| Administrative expenses (other) incurred | 2022-12-31 | $22,738 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-128,951 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $4,168,908 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $4,297,859 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $4,115,601 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $4,214,395 |
| Interest on participant loans | 2022-12-31 | $3,653 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-920,747 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $263,592 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $9,319 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $343,199 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | DOUGALL CONRADIE |
| Accountancy firm EIN | 2022-12-31 | 205230500 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total transfer of assets to this plan | 2022-01-01 | $0 |
| Total transfer of assets from this plan | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $254,554 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $383,505 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $343,199 |
| Expenses. Certain deemed distributions of participant loans | 2022-01-01 | $319 |
| Value of total corrective distributions | 2022-01-01 | $17,249 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $981,848 |
| Value of total assets at end of year | 2022-01-01 | $4,168,908 |
| Value of total assets at beginning of year | 2022-01-01 | $4,297,859 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $22,738 |
| Total interest from all sources | 2022-01-01 | $3,653 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $189,790 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $189,790 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $430,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $686,606 |
| Participant contributions at end of year | 2022-01-01 | $53,307 |
| Participant contributions at beginning of year | 2022-01-01 | $74,145 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $31,650 |
| Other income not declared elsewhere | 2022-01-01 | $10 |
| Administrative expenses (other) incurred | 2022-01-01 | $22,738 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-128,951 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $4,168,908 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $4,297,859 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $4,115,601 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $4,214,395 |
| Interest on participant loans | 2022-01-01 | $3,653 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-920,747 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $263,592 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $9,319 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $343,199 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | DOUGALL CONRADIE |
| Accountancy firm EIN | 2022-01-01 | 205230500 |
| 2021 : GARNER ELECTRIC 401(K) PROFIT SHARING PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total transfer of assets to this plan | 2021-12-31 | $0 |
| Total transfer of assets from this plan | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $1,357,979 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $345,478 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $295,499 |
| Expenses. Certain deemed distributions of participant loans | 2021-12-31 | $11,040 |
| Value of total corrective distributions | 2021-12-31 | $20,484 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $814,306 |
| Value of total assets at end of year | 2021-12-31 | $4,297,859 |
| Value of total assets at beginning of year | 2021-12-31 | $3,285,358 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $18,455 |
| Total interest from all sources | 2021-12-31 | $2,640 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $185,201 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $185,201 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $329,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $559,097 |
| Participant contributions at end of year | 2021-12-31 | $74,145 |
| Participant contributions at beginning of year | 2021-12-31 | $43,530 |
| Administrative expenses (other) incurred | 2021-12-31 | $18,455 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,012,501 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $4,297,859 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,285,358 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $4,214,395 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $3,241,828 |
| Interest on participant loans | 2021-12-31 | $2,640 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $355,832 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $255,209 |
| Employer contributions (assets) at end of year | 2021-12-31 | $9,319 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $295,499 |
| Did the plan have assets held for investment | 2021-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | DOUGALL CONRADIE |
| Accountancy firm EIN | 2021-12-31 | 205230500 |
| 2014 : GARNER ELECTRIC 401(K) PROFIT SHARING PLAN 2014 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $810 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2014-12-31 | $790 |
| Total income from all sources (including contributions) | 2014-12-31 | $105,717 |
| Total loss/gain on sale of assets | 2014-12-31 | $0 |
| Total of all expenses incurred | 2014-12-31 | $95,240 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $89,759 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $84,510 |
| Value of total assets at end of year | 2014-12-31 | $1,084,600 |
| Value of total assets at beginning of year | 2014-12-31 | $1,074,103 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $5,481 |
| Total interest from all sources | 2014-12-31 | $1,066 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $108,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $84,510 |
| Participant contributions at end of year | 2014-12-31 | $40,752 |
| Participant contributions at beginning of year | 2014-12-31 | $62,871 |
| Participant contributions at end of year | 2014-12-31 | $0 |
| Participant contributions at beginning of year | 2014-12-31 | $3,758 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2014-12-31 | $810 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2014-12-31 | $790 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $10,477 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $1,083,790 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $1,073,313 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Value of interest in pooled separate accounts at end of year | 2014-12-31 | $937,361 |
| Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $928,509 |
| Interest on participant loans | 2014-12-31 | $968 |
| Interest earned on other investments | 2014-12-31 | $98 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $106,487 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $78,965 |
| Net investment gain/loss from pooled separate accounts | 2014-12-31 | $20,141 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | Yes |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $89,759 |
| Contract administrator fees | 2014-12-31 | $5,481 |
| Did the plan have assets held for investment | 2014-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
| Accountancy firm name | 2014-12-31 | WORTHY & COMPANY, LLC |
| Accountancy firm EIN | 2014-12-31 | 208092242 |
