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SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameSCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN
Plan identification number 001

SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SCIENTIFIC ELECTRIC CO INC has sponsored the creation of one or more 401k plans.

Company Name:SCIENTIFIC ELECTRIC CO INC
Employer identification number (EIN):132514623
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01THOMAS JOCELYN2023-10-09 THOMAS JOCELYN2023-10-09
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01THOMAS E. JOCELYN2019-09-04
0012017-01-01THOMAS JOCELYN2018-07-31 THOMAS JOCELYN2018-07-31
0012017-01-01THOMAS JOCELYN2018-07-20 THOMAS JOCELYN2018-07-20
0012017-01-01THOMAS JOCELYN2019-03-25 THOMAS JOCELYN2019-03-25
0012016-01-01THOMAS JOCELYN2017-08-02 THOMAS JOCELYN2017-08-02
0012015-01-01THOMAS JOCELYN2016-10-03 THOMAS JOCELYN2016-10-03
0012014-01-01THOMAS JOCELYN2015-09-02 THOMAS JOCELYN2015-09-02
0012013-01-01THOMAS JOCELYN2014-07-01 THOMAS JOCELYN2014-07-01

Plan Statistics for SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN

Measure Date Value
2022: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-313,798,539
Acturial value of plan assets2022-12-313,798,539
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-3120
Fundng target for terminated vested participants2022-12-311,220,261
Active participant vested funding target2022-12-312,184,342
Number of active participants2022-12-3113
Total funding liabilities for active participants2022-12-312,196,808
Total participant count2022-12-3133
Total funding target for all participants2022-12-313,417,069
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-3140,496
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-3140,496
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-3145,518
Total employer contributions2022-12-31350,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31333,656
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31250,663
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31333,656
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-313,517,181
Acturial value of plan assets2021-12-313,517,181
Funding target for retired participants and beneficiaries receiving payment2021-12-310
Number of terminated vested participants2021-12-3119
Fundng target for terminated vested participants2021-12-311,186,109
Active participant vested funding target2021-12-311,789,479
Number of active participants2021-12-3115
Total funding liabilities for active participants2021-12-311,799,219
Total participant count2021-12-3134
Total funding target for all participants2021-12-312,985,328
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-3134,491
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-3134,491
Present value of excess contributions2021-12-31245,813
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31258,694
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-3140,496
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31239,821
Net shortfall amortization installment of oustanding balance2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-312,699,679
Acturial value of plan assets2020-12-312,699,679
Funding target for retired participants and beneficiaries receiving payment2020-12-310
Number of terminated vested participants2020-12-3119
Fundng target for terminated vested participants2020-12-311,049,194
Active participant vested funding target2020-12-311,418,726
Number of active participants2020-12-3110
Total funding liabilities for active participants2020-12-311,431,089
Total participant count2020-12-3129
Total funding target for all participants2020-12-312,480,283
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-3130,771
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-3130,771
Present value of excess contributions2020-12-3155,770
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-3158,770
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-3134,491
Total employer contributions2020-12-31300,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31278,236
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31217,328
Net shortfall amortization installment of oustanding balance2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3132,423
Additional cash requirement2020-12-3132,423
Contributions allocatedtoward minimum required contributions for current year2020-12-31278,236
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-312,214,645
Acturial value of plan assets2019-12-312,214,645
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-319
Fundng target for terminated vested participants2019-12-3110,522
Active participant vested funding target2019-12-312,077,272
Number of active participants2019-12-3118
Total funding liabilities for active participants2019-12-312,097,449
Total participant count2019-12-3127
Total funding target for all participants2019-12-312,107,971
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-3133,652
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-3133,652
Present value of excess contributions2019-12-31337,811
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31356,796
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-3130,771
Total employer contributions2019-12-31380,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31351,629
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31371,762
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-31295,859
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-31295,859
Contributions allocatedtoward minimum required contributions for current year2019-12-31351,629
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-311,893,048
Acturial value of plan assets2018-12-311,893,048
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-319
Fundng target for terminated vested participants2018-12-311,955
Active participant vested funding target2018-12-311,663,593
Number of active participants2018-12-3120
Total funding liabilities for active participants2018-12-311,693,206
Total participant count2018-12-3129
Total funding target for all participants2018-12-311,695,161
Prefunding balance at beginning of prior year after applicable adjustments2018-12-3132,401
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-3132,401
Present value of excess contributions2018-12-31328,991
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31328,991
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-3133,652
Total employer contributions2018-12-31400,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31370,219
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31196,643
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3132,408
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3132,408
Contributions allocatedtoward minimum required contributions for current year2018-12-31370,219
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-311,311,249
Acturial value of plan assets2017-12-311,311,249
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-315
Fundng target for terminated vested participants2017-12-312,245
Active participant vested funding target2017-12-311,124,763
Number of active participants2017-12-3121
Total funding liabilities for active participants2017-12-311,244,476
Total participant count2017-12-3126
Total funding target for all participants2017-12-311,246,721
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-3131,212
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-3131,212
Present value of excess contributions2017-12-31183,397
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31183,397
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-3132,401
Total employer contributions2017-12-31475,326
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31472,472
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31323,722
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31293,481
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31293,481
Contributions allocatedtoward minimum required contributions for current year2017-12-31472,472
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: SCIENTIFIC ELECTRIC CO INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31917,821
Acturial value of plan assets2016-12-31917,821
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-313
Fundng target for terminated vested participants2016-12-311,368
Active participant vested funding target2016-12-31648,450
Number of active participants2016-12-3126
Total funding liabilities for active participants2016-12-31773,590
Total participant count2016-12-3129
Total funding target for all participants2016-12-31774,958
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-3132,827
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-3132,827
Present value of excess contributions2016-12-31172,838
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31172,838
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-3131,212
Total employer contributions2016-12-31456,051
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31443,326
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31370,090
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31260,312
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31260,312
Contributions allocatedtoward minimum required contributions for current year2016-12-31443,326
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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