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 |
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2022 : GARNER ELECTRIC 401(K) PROFIT SHARING PLAN 2022 401k financial data |
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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 |
2021 : GARNER ELECTRIC 401(K) PROFIT SHARING PLAN 2021 401k financial data |
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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 |
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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 |