NEW WAY ELECTRIC, INC. has sponsored the creation of one or more 401k plans.
Additional information about NEW WAY ELECTRIC, INC.
Submission information for form 5500 for 401k plan NEW WAY ELECTRIC, INC. 401(K) SAVINGS PLAN
401k plan membership statisitcs for NEW WAY ELECTRIC, INC. 401(K) SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2025 : NEW WAY ELECTRIC, INC. 401(K) SAVINGS PLAN 2025 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2025-06-16 | 0 |
| Total liabilities as of the end of the plan year | 2025-06-16 | 0 |
| Total liabilities as of the beginning of the plan year | 2025-06-16 | 0 |
| Total expenses incurred by plan in this plan year | 2025-06-16 | 411023 |
| Net assets as of the end of the plan year | 2025-06-16 | 4082255 |
| Total assets as of the beginning of the plan year | 2025-06-16 | 3781227 |
| Value of plan covered by a fidelity bond | 2025-06-16 | 130000 |
| Participant contributions to plan in this plan year | 2025-06-16 | 201256 |
| Other expenses paid from plan in this plan year | 2025-06-16 | 0 |
| Other contributions to plan in this plan year | 2025-06-16 | 0 |
| Other income to plan in this plan year | 2025-06-16 | 510795 |
| Plan net income in this plan year | 2025-06-16 | 301028 |
| Net assets as of the end of the plan year | 2025-06-16 | 4082255 |
| Net assets as of the beginning of the plan year | 2025-06-16 | 3781227 |
| Employer contributions to plan in this plan year | 2025-06-16 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-06-16 | 40893 |
| 2024 : NEW WAY ELECTRIC, INC. 401(K) SAVINGS PLAN 2024 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2024-06-21 | 0 |
| Total liabilities as of the end of the plan year | 2024-06-21 | 0 |
| Total liabilities as of the beginning of the plan year | 2024-06-21 | 0 |
| Total expenses incurred by plan in this plan year | 2024-06-21 | 291282 |
| Net assets as of the end of the plan year | 2024-06-21 | 3781227 |
| Total assets as of the beginning of the plan year | 2024-06-21 | 3366854 |
| Value of plan covered by a fidelity bond | 2024-06-21 | 130000 |
| Participant contributions to plan in this plan year | 2024-06-21 | 176813 |
| Other expenses paid from plan in this plan year | 2024-06-21 | 0 |
| Other contributions to plan in this plan year | 2024-06-21 | 0 |
| Other income to plan in this plan year | 2024-06-21 | 528842 |
| Plan net income in this plan year | 2024-06-21 | 414373 |
| Net assets as of the end of the plan year | 2024-06-21 | 3781227 |
| Net assets as of the beginning of the plan year | 2024-06-21 | 3366854 |
| Employer contributions to plan in this plan year | 2024-06-21 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-06-21 | 38145 |
| 2022 : NEW WAY ELECTRIC, INC. 401(K) SAVINGS PLAN 2022 401k financial data |
|---|
| Total transfers to/from plan in this plan year | 2022-06-27 | 0 |
| Total liabilities as of the end of the plan year | 2022-06-27 | 0 |
| Total liabilities as of the beginning of the plan year | 2022-06-27 | 0 |
| Total expenses incurred by plan in this plan year | 2022-06-27 | 56424 |
| Net assets as of the end of the plan year | 2022-06-27 | 4024235 |
| Total assets as of the beginning of the plan year | 2022-06-27 | 3397358 |
| Value of plan covered by a fidelity bond | 2022-06-27 | 130000 |
| Participant contributions to plan in this plan year | 2022-06-27 | 169269 |
| Other expenses paid from plan in this plan year | 2022-06-27 | 0 |
| Other contributions to plan in this plan year | 2022-06-27 | 67254 |
| Other income to plan in this plan year | 2022-06-27 | 446778 |
| Plan net income in this plan year | 2022-06-27 | 626877 |
| Net assets as of the end of the plan year | 2022-06-27 | 4024235 |
| Net assets as of the beginning of the plan year | 2022-06-27 | 3397358 |
| Employer contributions to plan in this plan year | 2022-06-27 | 0 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-06-27 | 39091 |
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