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VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN 401k Plan overview

Plan NameVOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN
Plan identification number 001

VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Life insurance

401k Sponsoring company profile

VOLLAND ELECTRIC EQUIPMENT CORP has sponsored the creation of one or more 401k plans.

Company Name:VOLLAND ELECTRIC EQUIPMENT CORP
Employer identification number (EIN):160675916
NAIC Classification:335900

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LISA THOMPSON2024-04-15 LISA THOMPSON2024-04-15
0012022-01-01LISA THOMPSON2023-05-22
0012021-01-01LISA THOMPSON2022-05-20
0012020-01-01LISA THOMPSON2021-04-23
0012019-01-01LISA THOMPSON2020-04-23
0012018-01-01LISA THOMPSON2019-05-03
0012017-01-01LISA THOMPSON2018-05-08
0012016-01-01LISA THOMPSON2017-07-11 LISA THOMPSON2017-07-11
0012015-01-01LISA THOMPSON2016-06-10 LISA THOMPSON2016-06-10
0012014-01-01LISA THOMPSON2015-06-10 LISA THOMPSON2015-06-12
0012013-01-01LISA THOMPSON2014-06-26 LISA THOMPSON2014-06-26
0012012-01-01CHRIS GRAHAM2013-05-13 BETH KORNBREKKE2013-05-13
0012011-01-01BETH KORNBREKKE2012-05-17 CHRIS GRAHAM2012-05-17
0012010-01-01CHRIS GRAHAM2011-05-24 BETH KORNBREKKE2011-05-24

Financial Data on VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN

Measure Date Value
2025 : VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-04-140
Total expenses incurred by plan in this plan year2025-04-1496906
Net assets as of the end of the plan year2025-04-144596699
Total assets as of the beginning of the plan year2025-04-143823756
Value of plan covered by a fidelity bond2025-04-14100000
Participant contributions to plan in this plan year2025-04-14217484
Value of participant loans at end of plan year2025-04-142394
Other income to plan in this plan year2025-04-14558695
Plan net income in this plan year2025-04-14772943
Net assets as of the end of the plan year2025-04-144596699
Net assets as of the beginning of the plan year2025-04-143823756
Employer contributions to plan in this plan year2025-04-1493670
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-1427704
2024 : VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-04-150
Total expenses incurred by plan in this plan year2024-04-15231805
Net assets as of the end of the plan year2024-04-153823756
Total assets as of the beginning of the plan year2024-04-153200657
Value of plan covered by a fidelity bond2024-04-15100000
Participant contributions to plan in this plan year2024-04-15205413
Value of participant loans at end of plan year2024-04-1535710
Other income to plan in this plan year2024-04-15565443
Plan net income in this plan year2024-04-15623099
Net assets as of the end of the plan year2024-04-153823756
Net assets as of the beginning of the plan year2024-04-153200657
Employer contributions to plan in this plan year2024-04-1584048
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-1524696
2022 : VOLLAND ELECTRIC EQUIPMENT CORP 401(K) PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-05-200
Total expenses incurred by plan in this plan year2022-05-2030447
Net assets as of the end of the plan year2022-05-203812353
Total assets as of the beginning of the plan year2022-05-203172590
Value of plan covered by a fidelity bond2022-05-20100000
Participant contributions to plan in this plan year2022-05-20162052
Value of participant loans at end of plan year2022-05-2024217
Other income to plan in this plan year2022-05-20508158
Plan net income in this plan year2022-05-20639763
Net assets as of the end of the plan year2022-05-203812353
Net assets as of the beginning of the plan year2022-05-203172590
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-2023342

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