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THE BEST ELECTRICAL COMPANY INC. 401K PLAN 401k Plan overview

Plan NameTHE BEST ELECTRICAL COMPANY INC. 401K PLAN
Plan identification number 001

THE BEST ELECTRICAL COMPANY INC. 401K 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

THE BEST ELECTRICAL COMPANY INC. has sponsored the creation of one or more 401k plans.

Company Name:THE BEST ELECTRICAL COMPANY INC.
Employer identification number (EIN):941705704
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE BEST ELECTRICAL COMPANY INC. 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01RUTH GIACALONE2018-07-26
0012016-01-01RUTH GIACALONE2017-09-29
0012015-01-01RUTH GIACALONE2016-09-21
0012014-01-01RUTH GIACALONE2015-09-10 RUTH GIACALONE2015-09-10
0012013-08-01RUTH GIACALONE2014-09-15 RUTH GIACALONE2014-09-15
0012012-08-01RUTH GIACALONE2014-04-10 RUTH GIACALONE2014-04-10
0012011-08-01RUTH GIACALONE2013-03-13 RUTH GIACALONE2013-03-13
0012010-08-01RUTH GIACALONE2012-05-08 RUTH GIACALONE2012-05-08

Financial Data on THE BEST ELECTRICAL COMPANY INC. 401K PLAN

Measure Date Value
2025 : THE BEST ELECTRICAL COMPANY INC. 401K PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-100
Total liabilities as of the end of the plan year2025-07-100
Total liabilities as of the beginning of the plan year2025-07-100
Total expenses incurred by plan in this plan year2025-07-1050529
Net assets as of the end of the plan year2025-07-103694630
Total assets as of the beginning of the plan year2025-07-102980331
Value of plan covered by a fidelity bond2025-07-10400000
Participant contributions to plan in this plan year2025-07-1098865
Other expenses paid from plan in this plan year2025-07-100
Other contributions to plan in this plan year2025-07-100
Other income to plan in this plan year2025-07-10464763
Plan net income in this plan year2025-07-10714299
Net assets as of the end of the plan year2025-07-103694630
Net assets as of the beginning of the plan year2025-07-102980331
Employer contributions to plan in this plan year2025-07-10201200
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-100
2024 : THE BEST ELECTRICAL COMPANY INC. 401K PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-170
Total liabilities as of the end of the plan year2024-07-170
Total liabilities as of the beginning of the plan year2024-07-170
Total expenses incurred by plan in this plan year2024-07-1731344
Net assets as of the end of the plan year2024-07-172980331
Total assets as of the beginning of the plan year2024-07-172288238
Value of plan covered by a fidelity bond2024-07-17300000
Participant contributions to plan in this plan year2024-07-1795264
Other expenses paid from plan in this plan year2024-07-170
Other contributions to plan in this plan year2024-07-170
Other income to plan in this plan year2024-07-17434673
Plan net income in this plan year2024-07-17692093
Net assets as of the end of the plan year2024-07-172980331
Net assets as of the beginning of the plan year2024-07-172288238
Employer contributions to plan in this plan year2024-07-17193500
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-170
2022 : THE BEST ELECTRICAL COMPANY INC. 401K PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-05-240
Total liabilities as of the end of the plan year2022-05-240
Total liabilities as of the beginning of the plan year2022-05-240
Total expenses incurred by plan in this plan year2022-05-2433253
Net assets as of the end of the plan year2022-05-242589035
Total assets as of the beginning of the plan year2022-05-242136560
Value of plan covered by a fidelity bond2022-05-24260000
Participant contributions to plan in this plan year2022-05-2482260
Other expenses paid from plan in this plan year2022-05-240
Other contributions to plan in this plan year2022-05-240
Other income to plan in this plan year2022-05-24236270
Plan net income in this plan year2022-05-24452475
Net assets as of the end of the plan year2022-05-242589035
Net assets as of the beginning of the plan year2022-05-242136560
Employer contributions to plan in this plan year2022-05-24167198
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-240

Potentially related plans

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