A-C ELECTRIC COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan A-C ELECTRIC PROFIT SHARING PLAN PS2
| Measure | Date | Value |
|---|
| 2025 : A-C ELECTRIC PROFIT SHARING PLAN PS2 2025 401k financial data |
|---|
| Total liabilities as of the end of the plan year | 2025-01-15 | 285913 |
| Total liabilities as of the beginning of the plan year | 2025-01-15 | 21633 |
| Total expenses incurred by plan in this plan year | 2025-01-15 | 141047 |
| Net assets as of the end of the plan year | 2025-01-15 | 3580167 |
| Total assets as of the beginning of the plan year | 2025-01-15 | 2679035 |
| Value of plan covered by a fidelity bond | 2025-01-15 | 1000000 |
| Other income to plan in this plan year | 2025-01-15 | 102029 |
| Plan net income in this plan year | 2025-01-15 | 636852 |
| Net assets as of the end of the plan year | 2025-01-15 | 3294254 |
| Net assets as of the beginning of the plan year | 2025-01-15 | 2657402 |
| Employer contributions to plan in this plan year | 2025-01-15 | 675870 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-01-15 | 10203 |
| 2022 : A-C ELECTRIC PROFIT SHARING PLAN PS2 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-03-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-03-31 | $113,690 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-03-31 | $185,079 |
| Total income from all sources (including contributions) | 2022-03-31 | $455,136 |
| Total loss/gain on sale of assets | 2022-03-31 | $0 |
| Total of all expenses incurred | 2022-03-31 | $328,639 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-03-31 | $320,006 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-03-31 | $526,161 |
| Value of total assets at end of year | 2022-03-31 | $2,382,731 |
| Value of total assets at beginning of year | 2022-03-31 | $2,327,623 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-03-31 | $8,633 |
| Total interest from all sources | 2022-03-31 | $21 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-03-31 | $28,925 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-03-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-03-31 | $28,460 |
| Was this plan covered by a fidelity bond | 2022-03-31 | Yes |
| Value of fidelity bond cover | 2022-03-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-03-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-03-31 | No |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-03-31 | $118 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-03-31 | $8,849 |
| Total non interest bearing cash at end of year | 2022-03-31 | $37,773 |
| Total non interest bearing cash at beginning of year | 2022-03-31 | $109,204 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-03-31 | No |
| Value of net income/loss | 2022-03-31 | $126,497 |
| Value of net assets at end of year (total assets less liabilities) | 2022-03-31 | $2,269,041 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-03-31 | $2,142,544 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-03-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-03-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-03-31 | No |
| Investment advisory and management fees | 2022-03-31 | $8,633 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-03-31 | $1,889,222 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-03-31 | $1,803,574 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-03-31 | $29,197 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-03-31 | $29,197 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-03-31 | $21 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-03-31 | $-99,971 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-03-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2022-03-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-03-31 | No |
| Contributions received in cash from employer | 2022-03-31 | $526,161 |
| Employer contributions (assets) at end of year | 2022-03-31 | $526,161 |
| Employer contributions (assets) at beginning of year | 2022-03-31 | $300,000 |
| Income. Dividends from common stock | 2022-03-31 | $465 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-03-31 | $320,006 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-03-31 | No |
| Assets. Corporate common stocks other than exployer securities at end of year | 2022-03-31 | $15,105 |
| Liabilities. Value of benefit claims payable at end of year | 2022-03-31 | $113,690 |
| Liabilities. Value of benefit claims payable at beginning of year | 2022-03-31 | $176,230 |
| Did the plan have assets held for investment | 2022-03-31 | 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 | 2022-03-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-03-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-03-31 | Unqualified |
| Accountancy firm name | 2022-03-31 | DANIELLS PHILLIPS VAUGHAN & BOCK |
| Accountancy firm EIN | 2022-03-31 | 952972229 |
| 2021 : A-C ELECTRIC PROFIT SHARING PLAN PS2 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-03-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-03-31 | $185,079 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-03-31 | $326,034 |
| Total income from all sources (including contributions) | 2021-03-31 | $852,994 |
| Total loss/gain on sale of assets | 2021-03-31 | $0 |
| Total of all expenses incurred | 2021-03-31 | $402,043 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-03-31 | $392,431 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-03-31 | $300,000 |
| Value of total assets at end of year | 2021-03-31 | $2,327,623 |
| Value of total assets at beginning of year | 2021-03-31 | $2,017,627 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-03-31 | $9,612 |
| Total interest from all sources | 2021-03-31 | $5 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-03-31 | $29,653 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-03-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-03-31 | $29,653 |
| Was this plan covered by a fidelity bond | 2021-03-31 | Yes |
| Value of fidelity bond cover | 2021-03-31 | $1,000,000 |
| If this is an individual account plan, was there a blackout period | 2021-03-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2021-03-31 | No |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-03-31 | $8,849 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-03-31 | $5,226 |
| Total non interest bearing cash at end of year | 2021-03-31 | $109,204 |
| Total non interest bearing cash at beginning of year | 2021-03-31 | $19,589 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-03-31 | No |
| Value of net income/loss | 2021-03-31 | $450,951 |
| Value of net assets at end of year (total assets less liabilities) | 2021-03-31 | $2,142,544 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-03-31 | $1,691,593 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-03-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-03-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-03-31 | No |
| Investment advisory and management fees | 2021-03-31 | $9,612 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-03-31 | $1,889,222 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-03-31 | $1,984,455 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-03-31 | $29,197 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-03-31 | $13,583 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-03-31 | $13,583 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-03-31 | $5 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-03-31 | $523,336 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-03-31 | Yes |
| Was there a failure to transmit to the plan any participant contributions | 2021-03-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-03-31 | No |
| Contributions received in cash from employer | 2021-03-31 | $300,000 |
| Employer contributions (assets) at end of year | 2021-03-31 | $300,000 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-03-31 | $392,431 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-03-31 | No |
| Liabilities. Value of benefit claims payable at end of year | 2021-03-31 | $176,230 |
| Liabilities. Value of benefit claims payable at beginning of year | 2021-03-31 | $320,808 |
| Did the plan have assets held for investment | 2021-03-31 | 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 | 2021-03-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-03-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-03-31 | Unqualified |
| Accountancy firm name | 2021-03-31 | DANIELLS PHILIPS VAUGHAN BOCK |
| Accountancy firm EIN | 2021-03-31 | 952972229 |
