401k Plan data: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN plan

LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 401k Plan overview

Plan Name	LAREDO ELECTRIC, INC. PROFIT SHARING PLAN
Plan identification number	002

LAREDO ELECTRIC, INC. PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
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

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

Company Name: LAREDO ELECTRIC INC.

Employer identification number (EIN): 133885909

NAIC Classification: 238210
NAIC Description: Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAREDO ELECTRIC, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 VINCENT BUONO 2023-10-12
002 2021-01-01 VINCENT BUONO 2022-09-14
002 2020-01-01 VINCENT BUONO 2021-10-13
002 2019-01-01 VINCENT BUONO 2020-10-15
002 2018-01-01 VINCENT BUONO 2019-10-09
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 VINCENT BUONO
002 2014-01-01 SHERYL GUSS 2015-10-14
002 2013-01-01 LEO DIPILATO
002 2012-01-01 LEO DIPILATO
002 2011-01-01 LEO DIPILATO
002 2009-01-01 LEO DIPILATO

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-01-01	VINCENT BUONO	2023-10-12
002	2021-01-01	VINCENT BUONO	2022-09-14
002	2020-01-01	VINCENT BUONO	2021-10-13
002	2019-01-01	VINCENT BUONO	2020-10-15
002	2018-01-01	VINCENT BUONO	2019-10-09
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	VINCENT BUONO
002	2014-01-01	SHERYL GUSS	2015-10-14
002	2013-01-01	LEO DIPILATO
002	2012-01-01	LEO DIPILATO
002	2011-01-01	LEO DIPILATO
002	2009-01-01	LEO DIPILATO

Plan Statistics for LAREDO ELECTRIC, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for LAREDO ELECTRIC, INC. PROFIT SHARING PLAN

Measure Date Value
2014: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 1
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 0
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 0
Total of all active and inactive participants 2014-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 0
Number of participants with account balances 2014-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 2
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 1
Total of all active and inactive participants 2013-01-01 1
Total participants 2013-01-01 1
Number of participants with account balances 2013-01-01 1
2012: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 2
Total of all active and inactive participants 2012-01-01 2
Total participants 2012-01-01 2
Number of participants with account balances 2012-01-01 2
2011: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 5
Total of all active and inactive participants 2011-01-01 5
Total participants 2011-01-01 5
2009: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 5
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 5
Total of all active and inactive participants 2009-01-01 5
Total participants 2009-01-01 5
Number of participants with account balances 2009-01-01 5

Measure	Date	Value
2014: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	1
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	0
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	0
Total of all active and inactive participants	2014-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	0
Number of participants with account balances	2014-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	2
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	1
Total of all active and inactive participants	2013-01-01	1
Total participants	2013-01-01	1
Number of participants with account balances	2013-01-01	1
2012: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	2
Total of all active and inactive participants	2012-01-01	2
Total participants	2012-01-01	2
Number of participants with account balances	2012-01-01	2
2011: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	5
Total of all active and inactive participants	2011-01-01	5
Total participants	2011-01-01	5
2009: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	5
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	5
Total of all active and inactive participants	2009-01-01	5
Total participants	2009-01-01	5
Number of participants with account balances	2009-01-01	5

Financial Data on LAREDO ELECTRIC, INC. PROFIT SHARING PLAN

Measure	Date	Value
2014 : LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$5,709
Expenses. Total of all expenses incurred	2014-12-31	$29,620
Benefits paid (including direct rollovers)	2014-12-31	$29,620
Total plan assets at end of year	2014-12-31	$0
Total plan assets at beginning of year	2014-12-31	$23,911
Other income received	2014-12-31	$5,709
Net income (gross income less expenses)	2014-12-31	$-23,911
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$23,911
2013 : LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$1,680
Expenses. Total of all expenses incurred	2013-12-31	$18,652
Benefits paid (including direct rollovers)	2013-12-31	$18,507
Total plan assets at end of year	2013-12-31	$23,911
Total plan assets at beginning of year	2013-12-31	$40,883
Expenses. Other expenses not covered elsewhere	2013-12-31	$145
Other income received	2013-12-31	$1,680
Net income (gross income less expenses)	2013-12-31	$-16,972
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$23,911
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$40,883
2012 : LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$45,250
Expenses. Total of all expenses incurred	2012-12-31	$522,705
Benefits paid (including direct rollovers)	2012-12-31	$522,560
Total plan assets at end of year	2012-12-31	$40,883
Total plan assets at beginning of year	2012-12-31	$518,338
Expenses. Other expenses not covered elsewhere	2012-12-31	$145
Other income received	2012-12-31	$45,250
Net income (gross income less expenses)	2012-12-31	$-477,455
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$40,883
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$518,338
2011 : LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$-31,710
Expenses. Total of all expenses incurred	2011-12-31	$175
Total plan assets at end of year	2011-12-31	$518,338
Total plan assets at beginning of year	2011-12-31	$550,223
Other income received	2011-12-31	$-31,710
Net income (gross income less expenses)	2011-12-31	$-31,885
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$518,338
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$550,223
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$175
2010 : LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$107,695
Total plan assets at end of year	2010-12-31	$550,223
Total plan assets at beginning of year	2010-12-31	$442,528
Other income received	2010-12-31	$107,695
Net income (gross income less expenses)	2010-12-31	$107,695
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$550,223
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$442,528

Form 5500 Responses for LAREDO ELECTRIC, INC. PROFIT SHARING PLAN

2014: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	This submission is the final filing	Yes
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: LAREDO ELECTRIC, INC. PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	LAREDO ELECTRIC INC.
Employer identification number (EIN):	133885909
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors