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PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NamePLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN
Plan identification number 001

PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING 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
  • 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

PLATINUM ELECTRICAL SERVICE, INC. has sponsored the creation of one or more 401k plans.

Company Name:PLATINUM ELECTRICAL SERVICE, INC.
Employer identification number (EIN):113156639
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about PLATINUM ELECTRICAL SERVICE, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1993-04-16
Company Identification Number: 1719214
Legal Registered Office Address: 2090 ADAM CLAYTON PWELL BLVD
Kings
NEW YORK
United States of America (USA)
10027

More information about PLATINUM ELECTRICAL SERVICE, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DEBORAH CRISCIONE2024-02-21
0012022-01-01DEBORAH CRISCIONE2023-03-08
0012021-01-01DEBORAH CRISCIONE2022-03-14
0012020-01-01
0012019-01-01
0012018-01-01DEBORAH CRISCIONE
0012017-01-01DEBORAH CRISCIONE
0012016-01-01DEBORAH CRISCIONE
0012015-01-01DEBORAH CRISCIONE

Financial Data on PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN

Measure Date Value
2020 : PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$251,407
Expenses. Total of all expenses incurred2020-12-31$9,074
Benefits paid (including direct rollovers)2020-12-31$1,400
Total plan assets at end of year2020-12-31$909,931
Total plan assets at beginning of year2020-12-31$667,598
Value of fidelity bond covering the plan2020-12-31$60,000
Total contributions received or receivable from participants2020-12-31$0
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$123,309
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$242,333
Net plan assets at end of year (total assets less liabilities)2020-12-31$909,931
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$667,598
Total contributions received or receivable from employer(s)2020-12-31$128,098
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$7,674
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$206,397
Expenses. Total of all expenses incurred2019-12-31$6,897
Benefits paid (including direct rollovers)2019-12-31$0
Total plan assets at end of year2019-12-31$667,598
Total plan assets at beginning of year2019-12-31$468,098
Value of fidelity bond covering the plan2019-12-31$60,000
Total contributions received or receivable from participants2019-12-31$0
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$81,382
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$199,500
Net plan assets at end of year (total assets less liabilities)2019-12-31$667,598
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$468,098
Total contributions received or receivable from employer(s)2019-12-31$125,015
Value of certain deemed distributions of participant loans2019-12-31$0
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$6,897
2018 : PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$102,001
Expenses. Total of all expenses incurred2018-12-31$5,001
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$468,098
Total plan assets at beginning of year2018-12-31$371,098
Value of fidelity bond covering the plan2018-12-31$40,000
Total contributions received or receivable from participants2018-12-31$0
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-19,953
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$97,000
Net plan assets at end of year (total assets less liabilities)2018-12-31$468,098
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$371,098
Total contributions received or receivable from employer(s)2018-12-31$121,954
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$5,001
2017 : PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$136,152
Expenses. Total of all expenses incurred2017-12-31$2,936
Benefits paid (including direct rollovers)2017-12-31$0
Total plan assets at end of year2017-12-31$371,098
Total plan assets at beginning of year2017-12-31$237,882
Value of fidelity bond covering the plan2017-12-31$40,000
Total contributions received or receivable from participants2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$25,605
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$133,216
Net plan assets at end of year (total assets less liabilities)2017-12-31$371,098
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$237,882
Total contributions received or receivable from employer(s)2017-12-31$110,547
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$2,936
2016 : PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$125,544
Expenses. Total of all expenses incurred2016-12-31$1,255
Benefits paid (including direct rollovers)2016-12-31$0
Total plan assets at end of year2016-12-31$237,882
Total plan assets at beginning of year2016-12-31$113,593
Value of fidelity bond covering the plan2016-12-31$40,000
Total contributions received or receivable from participants2016-12-31$0
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$11,816
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$124,289
Net plan assets at end of year (total assets less liabilities)2016-12-31$237,882
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$113,593
Total contributions received or receivable from employer(s)2016-12-31$113,728
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$1,255
2015 : PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$113,593
Expenses. Total of all expenses incurred2015-12-31$0
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$113,593
Total plan assets at beginning of year2015-12-31$0
Total contributions received or receivable from participants2015-12-31$0
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$0
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$113,593
Net plan assets at end of year (total assets less liabilities)2015-12-31$113,593
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$0
Total contributions received or receivable from employer(s)2015-12-31$113,593
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN

2020: PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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
2019: PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PLATINUM ELECTRICAL SERVICE, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01First time form 5500 has been submittedYes
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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