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DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameDEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

DEBLOIS ELECTRIC, INC. has sponsored the creation of one or more 401k plans.

Company Name:DEBLOIS ELECTRIC, INC.
Employer identification number (EIN):010321715
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01RAYMOND DEBLOIS2023-10-10
0022021-01-01RAYMOND DEBLOIS2022-05-24
0022020-01-01RAYMOND DEBLOIS2021-06-14

Plan Statistics for DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0166
Total number of active participants reported on line 7a of the Form 55002022-01-0157
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0111
Total of all active and inactive participants2022-01-0168
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0168
Number of participants with account balances2022-01-0168
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0169
Total number of active participants reported on line 7a of the Form 55002021-01-0154
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-017
Total of all active and inactive participants2021-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0162
Number of participants with account balances2021-01-0162
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0115
2020: DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0161
Total number of active participants reported on line 7a of the Form 55002020-01-0169
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-0169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0169
Number of participants with account balances2020-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$4,725
Total plan liabilities at beginning of year2022-12-31$4,795
Total income from all sources2022-12-31$217,691
Expenses. Total of all expenses incurred2022-12-31$72,260
Benefits paid (including direct rollovers)2022-12-31$49,527
Total plan assets at end of year2022-12-31$4,352,365
Total plan assets at beginning of year2022-12-31$4,207,004
Value of fidelity bond covering the plan2022-12-31$500,000
Total contributions received or receivable from participants2022-12-31$240,347
Expenses. Other expenses not covered elsewhere2022-12-31$144
Other income received2022-12-31$-126,031
Net income (gross income less expenses)2022-12-31$145,431
Net plan assets at end of year (total assets less liabilities)2022-12-31$4,347,640
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$4,202,209
Assets. Value of participant loans2022-12-31$93,463
Assets. Value of employer securities2022-12-31$1,435,000
Total contributions received or receivable from employer(s)2022-12-31$103,375
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$22,589
2021 : DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$2,998,683
Total plan liabilities at end of year2021-12-31$4,795
Total plan liabilities at beginning of year2021-12-31$4,862
Total income from all sources2021-12-31$793,905
Expenses. Total of all expenses incurred2021-12-31$14,517
Benefits paid (including direct rollovers)2021-12-31$4,325
Total plan assets at end of year2021-12-31$4,207,004
Total plan assets at beginning of year2021-12-31$429,000
Value of fidelity bond covering the plan2021-12-31$231,000
Total contributions received or receivable from participants2021-12-31$55,225
Expenses. Other expenses not covered elsewhere2021-12-31$146
Other income received2021-12-31$713,882
Net income (gross income less expenses)2021-12-31$779,388
Net plan assets at end of year (total assets less liabilities)2021-12-31$4,202,209
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$424,138
Assets. Value of participant loans2021-12-31$118,021
Assets. Value of employer securities2021-12-31$1,025,000
Total contributions received or receivable from employer(s)2021-12-31$24,798
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$10,046
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$4,862
Total income from all sources2020-12-31$424,213
Expenses. Total of all expenses incurred2020-12-31$75
Total plan assets at end of year2020-12-31$429,000
Total plan assets at beginning of year2020-12-31$0
Value of fidelity bond covering the plan2020-12-31$231,000
Expenses. Other expenses not covered elsewhere2020-12-31$75
Other income received2020-12-31$424,000
Net income (gross income less expenses)2020-12-31$424,138
Net plan assets at end of year (total assets less liabilities)2020-12-31$424,138
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Assets. Value of employer securities2020-12-31$429,000
Total contributions received or receivable from employer(s)2020-12-31$213
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0

Form 5500 Responses for DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN

2022: DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: DEBLOIS ELECTRIC, INC. EMPLOYEE STOCK OWNERSHIP PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number59291
Policy instance 1
Insurance contract or identification number59291
Number of Individuals Covered56
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $7,017
Total amount of fees paid to insurance companyUSD $4,754
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $7,017
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerBROKER COMMISSION
Insurance broker organization code?3
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number59291
Policy instance 1
Insurance contract or identification number59291
Number of Individuals Covered53
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $1,838
Total amount of fees paid to insurance companyUSD $379
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,838
Insurance broker organization code?3
Amount paid for insurance broker fees379
Additional information about fees paid to insurance brokerTPA FEES

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