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CENTURY ELECTRIC, INC. CASH BALANCE PLAN 401k Plan overview

Plan NameCENTURY ELECTRIC, INC. CASH BALANCE PLAN
Plan identification number 002

CENTURY ELECTRIC, INC. CASH BALANCE PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily flat dollar (includes dollars per year of service)
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • 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

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

Company Name:CENTURY ELECTRIC, INC.
Employer identification number (EIN):222197317
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CENTURY ELECTRIC, INC. CASH BALANCE PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01NEIL VITALE2022-04-26
0022021-01-01NEIL VITALE2022-03-08
0022020-01-01
0022019-01-01
0022018-01-01NEIL VITALE
0022017-01-01NEIL VITALE
0022016-01-01NEIL VITALE
0022015-01-01NEIL VITALE
0022014-01-01NEIL VITALE
0022013-01-01NEIL VITALE2014-03-28

Financial Data on CENTURY ELECTRIC, INC. CASH BALANCE PLAN

Measure Date Value
2022 : CENTURY ELECTRIC, INC. CASH BALANCE PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-03-080
Total liabilities as of the end of the plan year2022-03-080
Total liabilities as of the beginning of the plan year2022-03-080
Total expenses incurred by plan in this plan year2022-03-08176500
Net assets as of the end of the plan year2022-03-082443552
Total assets as of the beginning of the plan year2022-03-082192966
Value of plan covered by a fidelity bond2022-03-08219297
Participant contributions to plan in this plan year2022-03-080
Other expenses paid from plan in this plan year2022-03-080
Other contributions to plan in this plan year2022-03-080
Other income to plan in this plan year2022-03-08163649
Plan net income in this plan year2022-03-08250586
Net assets as of the end of the plan year2022-03-082443552
Net assets as of the beginning of the plan year2022-03-082192966
Employer contributions to plan in this plan year2022-03-08263437
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-0822121
2020 : CENTURY ELECTRIC, INC. CASH BALANCE 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$407,587
Expenses. Total of all expenses incurred2020-12-31$153,649
Benefits paid (including direct rollovers)2020-12-31$134,697
Total plan assets at end of year2020-12-31$2,192,966
Total plan assets at beginning of year2020-12-31$1,939,028
Value of fidelity bond covering the plan2020-12-31$193,903
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$145,478
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$253,938
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,192,966
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,939,028
Total contributions received or receivable from employer(s)2020-12-31$262,109
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$18,952
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : CENTURY ELECTRIC, INC. CASH BALANCE 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$471,911
Expenses. Total of all expenses incurred2019-12-31$131,239
Benefits paid (including direct rollovers)2019-12-31$113,853
Total plan assets at end of year2019-12-31$1,939,028
Total plan assets at beginning of year2019-12-31$1,598,356
Value of fidelity bond covering the plan2019-12-31$159,836
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$205,226
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$340,672
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,939,028
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,598,356
Total contributions received or receivable from employer(s)2019-12-31$266,685
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$17,386
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : CENTURY ELECTRIC, INC. CASH BALANCE 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$202,401
Expenses. Total of all expenses incurred2018-12-31$14,491
Benefits paid (including direct rollovers)2018-12-31$0
Total plan assets at end of year2018-12-31$1,598,356
Total plan assets at beginning of year2018-12-31$1,410,446
Value of fidelity bond covering the plan2018-12-31$141,045
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$0
Other income received2018-12-31$-57,813
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$187,910
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,598,356
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,410,446
Total contributions received or receivable from employer(s)2018-12-31$260,214
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$14,491
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : CENTURY ELECTRIC, INC. CASH BALANCE 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$372,404
Expenses. Total of all expenses incurred2017-12-31$14,074
Benefits paid (including direct rollovers)2017-12-31$2,730
Total plan assets at end of year2017-12-31$1,410,446
Total plan assets at beginning of year2017-12-31$1,052,116
Value of fidelity bond covering the plan2017-12-31$75,000
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$99,350
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$358,330
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,410,446
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,052,116
Total contributions received or receivable from employer(s)2017-12-31$273,054
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$11,344
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
2016 : CENTURY ELECTRIC, INC. CASH BALANCE 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$340,575
Expenses. Total of all expenses incurred2016-12-31$11,490
Benefits paid (including direct rollovers)2016-12-31$2,610
Total plan assets at end of year2016-12-31$1,052,116
Total plan assets at beginning of year2016-12-31$723,031
Value of fidelity bond covering the plan2016-12-31$75,000
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$63,120
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$329,085
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,052,116
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$723,031
Total contributions received or receivable from employer(s)2016-12-31$277,455
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$8,880
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : CENTURY ELECTRIC, INC. CASH BALANCE 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$260,711
Expenses. Total of all expenses incurred2015-12-31$5,925
Benefits paid (including direct rollovers)2015-12-31$0
Total plan assets at end of year2015-12-31$723,031
Total plan assets at beginning of year2015-12-31$468,245
Value of fidelity bond covering the plan2015-12-31$100,000
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$0
Other income received2015-12-31$-15,102
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$254,786
Net plan assets at end of year (total assets less liabilities)2015-12-31$723,031
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$468,245
Total contributions received or receivable from employer(s)2015-12-31$275,813
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$5,925
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : CENTURY ELECTRIC, INC. CASH BALANCE PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$267,314
Benefits paid (including direct rollovers)2014-12-31$0
Total plan assets at end of year2014-12-31$468,245
Total plan assets at beginning of year2014-12-31$200,931
Value of fidelity bond covering the plan2014-12-31$25,000
Total contributions received or receivable from participants2014-12-31$0
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$6,617
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$267,314
Net plan assets at end of year (total assets less liabilities)2014-12-31$468,245
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$200,931
Total contributions received or receivable from employer(s)2014-12-31$260,697
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0

Form 5500 Responses for CENTURY ELECTRIC, INC. CASH BALANCE PLAN

2020: CENTURY ELECTRIC, INC. CASH BALANCE 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: CENTURY ELECTRIC, INC. CASH BALANCE 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: CENTURY ELECTRIC, INC. CASH BALANCE 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: CENTURY ELECTRIC, INC. CASH BALANCE 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: CENTURY ELECTRIC, INC. CASH BALANCE 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: CENTURY ELECTRIC, INC. CASH BALANCE PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
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
2014: CENTURY ELECTRIC, INC. CASH BALANCE PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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