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MSF ELECTRIC, INC. 401(K) PLAN 401k Plan overview

Plan NameMSF ELECTRIC, INC. 401(K) PLAN
Plan identification number 001

MSF ELECTRIC, INC. 401(K) 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.
  • 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.
  • 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

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

Company Name:MSF ELECTRIC, INC.
Employer identification number (EIN):205994162
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MSF ELECTRIC, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALLISON BRECHER2024-10-09
0012022-01-01
0012022-01-01ALLISON BRECHER

Financial Data on MSF ELECTRIC, INC. 401(K) PLAN

Measure Date Value
2025 : MSF ELECTRIC, INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-0872094
Net assets as of the end of the plan year2025-10-081805598
Total assets as of the beginning of the plan year2025-10-081057809
Value of plan covered by a fidelity bond2025-10-081000000
Participant contributions to plan in this plan year2025-10-08569601
Value of participant loans at end of plan year2025-10-0829332
Other income to plan in this plan year2025-10-08158796
Plan net income in this plan year2025-10-08747789
Net assets as of the end of the plan year2025-10-081805598
Net assets as of the beginning of the plan year2025-10-081057809
Employer contributions to plan in this plan year2025-10-0891486
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-084759
2024 : MSF ELECTRIC, INC. 401(K) PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-090
Total expenses incurred by plan in this plan year2024-10-0965386
Net assets as of the end of the plan year2024-10-091057809
Total assets as of the beginning of the plan year2024-10-09422366
Value of plan covered by a fidelity bond2024-10-091000000
Participant contributions to plan in this plan year2024-10-09505704
Value of participant loans at end of plan year2024-10-099075
Other income to plan in this plan year2024-10-09101725
Plan net income in this plan year2024-10-09635443
Net assets as of the end of the plan year2024-10-091057809
Net assets as of the beginning of the plan year2024-10-09422366
Employer contributions to plan in this plan year2024-10-0993400
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-095687
2022 : MSF ELECTRIC, INC. 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$425,476
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,110
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$2,489
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$441,684
Value of total assets at end of year2022-12-31$422,366
Value of total assets at beginning of year2022-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$621
Total interest from all sources2022-12-31$15
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$10,557
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$10,557
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$369,610
Participant contributions at end of year2022-12-31$834
Participant contributions at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$7,889
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$422,366
Value of net assets at end of year (total assets less liabilities)2022-12-31$422,366
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$346
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$406,235
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$15
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$255
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-26,780
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$72,074
Employer contributions (assets) at end of year2022-12-31$7,153
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$2,489
Contract administrator fees2022-12-31$275
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MELTON & MELTON, L.L.P.
Accountancy firm EIN2022-12-31741550819
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$425,476
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$3,110
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$2,489
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$441,684
Value of total assets at end of year2022-01-01$422,366
Value of total assets at beginning of year2022-01-01$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$621
Total interest from all sources2022-01-01$15
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$10,557
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$10,557
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$1,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$369,610
Participant contributions at end of year2022-01-01$834
Participant contributions at beginning of year2022-01-01$0
Total non interest bearing cash at end of year2022-01-01$7,889
Total non interest bearing cash at beginning of year2022-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$422,366
Value of net assets at end of year (total assets less liabilities)2022-01-01$422,366
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$346
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$406,235
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$0
Interest on participant loans2022-01-01$15
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-01-01$255
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-26,780
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$72,074
Employer contributions (assets) at end of year2022-01-01$7,153
Employer contributions (assets) at beginning of year2022-01-01$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$2,489
Contract administrator fees2022-01-01$275
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01MELTON & MELTON, L.L.P.
Accountancy firm EIN2022-01-01741550819

Form 5500 Responses for MSF ELECTRIC, INC. 401(K) PLAN

2022: MSF ELECTRIC, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01First time form 5500 has been submittedYes
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

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