401k Plan data: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN plan

CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 401k Plan overview

Plan Name	CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN
Plan identification number	002

CHALLENGE ELECTRIC CORP. 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
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

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

Company Name: CHALLENGE ELECTRIC CORP.

Employer identification number (EIN): 330809302

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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-05-01
002 2021-05-01 WILLIAM WILKEY, JR. 2022-08-29
002 2020-05-01
002 2019-05-01
002 2018-05-01
002 2017-05-01
002 2016-05-01
002 2015-05-01
002 2014-05-01 WILLIAM WILKEY, JR. 2015-12-02
002 2013-05-01 WILLIAM WILKEY, JR. 2014-08-26
002 2012-05-01 WILLIAM WILKEY, JR.
002 2011-05-01 WILLIAM WILKEY, JR.
002 2009-05-01 WILLIAM WILKEY, JR.

Plan Statistics for CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN

401k plan membership statisitcs for CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN

Measure Date Value
2021: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year 2021-05-01 10
Total number of active participants reported on line 7a of the Form 5500 2021-05-01 7
Number of retired or separated participants receiving benefits 2021-05-01 0
Number of other retired or separated participants entitled to future benefits 2021-05-01 0
Total of all active and inactive participants 2021-05-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-05-01 0
Total participants 2021-05-01 7
Number of participants with account balances 2021-05-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-05-01 0
2012: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-05-01 1
Total number of active participants reported on line 7a of the Form 5500 2012-05-01 1
Number of retired or separated participants receiving benefits 2012-05-01 0
Number of other retired or separated participants entitled to future benefits 2012-05-01 0
Total of all active and inactive participants 2012-05-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-05-01 0
Total participants 2012-05-01 1
Number of participants with account balances 2012-05-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-05-01 0
2011: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-05-01 2
Total number of active participants reported on line 7a of the Form 5500 2011-05-01 1
Number of retired or separated participants receiving benefits 2011-05-01 0
Number of other retired or separated participants entitled to future benefits 2011-05-01 0
Total of all active and inactive participants 2011-05-01 1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-05-01 0
Total participants 2011-05-01 1
Number of participants with account balances 2011-05-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-05-01 0
2009: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-05-01 6
Total number of active participants reported on line 7a of the Form 5500 2009-05-01 1
Number of retired or separated participants receiving benefits 2009-05-01 0
Number of other retired or separated participants entitled to future benefits 2009-05-01 2
Total of all active and inactive participants 2009-05-01 3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-05-01 0
Total participants 2009-05-01 3
Number of participants with account balances 2009-05-01 3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-05-01 0

Measure	Date	Value
2021: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year	2021-05-01	10
Total number of active participants reported on line 7a of the Form 5500	2021-05-01	7
Number of retired or separated participants receiving benefits	2021-05-01	0
Number of other retired or separated participants entitled to future benefits	2021-05-01	0
Total of all active and inactive participants	2021-05-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-05-01	0
Total participants	2021-05-01	7
Number of participants with account balances	2021-05-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-05-01	0
2012: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-05-01	1
Total number of active participants reported on line 7a of the Form 5500	2012-05-01	1
Number of retired or separated participants receiving benefits	2012-05-01	0
Number of other retired or separated participants entitled to future benefits	2012-05-01	0
Total of all active and inactive participants	2012-05-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-05-01	0
Total participants	2012-05-01	1
Number of participants with account balances	2012-05-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-05-01	0
2011: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-05-01	2
Total number of active participants reported on line 7a of the Form 5500	2011-05-01	1
Number of retired or separated participants receiving benefits	2011-05-01	0
Number of other retired or separated participants entitled to future benefits	2011-05-01	0
Total of all active and inactive participants	2011-05-01	1
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-05-01	0
Total participants	2011-05-01	1
Number of participants with account balances	2011-05-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-05-01	0
2009: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-05-01	6
Total number of active participants reported on line 7a of the Form 5500	2009-05-01	1
Number of retired or separated participants receiving benefits	2009-05-01	0
Number of other retired or separated participants entitled to future benefits	2009-05-01	2
Total of all active and inactive participants	2009-05-01	3
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-05-01	0
Total participants	2009-05-01	3
Number of participants with account balances	2009-05-01	3
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-05-01	0

Financial Data on CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN

Measure	Date	Value
2022 : CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at end of year	2022-04-30	$0
Total plan liabilities at beginning of year	2022-04-30	$0
Total income from all sources	2022-04-30	$-114,941
Expenses. Total of all expenses incurred	2022-04-30	$0
Benefits paid (including direct rollovers)	2022-04-30	$0
Total plan assets at end of year	2022-04-30	$365,048
Total plan assets at beginning of year	2022-04-30	$479,989
Value of fidelity bond covering the plan	2022-04-30	$50,000
Total contributions received or receivable from participants	2022-04-30	$0
Assets. Value of loans (other than to participants)	2022-04-30	$121,839
Expenses. Other expenses not covered elsewhere	2022-04-30	$0
Contributions received from other sources (not participants or employers)	2022-04-30	$0
Other income received	2022-04-30	$-114,941
Noncash contributions received	2022-04-30	$0
Net income (gross income less expenses)	2022-04-30	$-114,941
Net plan assets at end of year (total assets less liabilities)	2022-04-30	$365,048
Net plan assets at beginning of year (total assets less liabilities)	2022-04-30	$479,989
Total contributions received or receivable from employer(s)	2022-04-30	$0
Value of certain deemed distributions of participant loans	2022-04-30	$0
Value of corrective distributions	2022-04-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2022-04-30	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2022-04-30	$0
2013 : CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2013 401k financial data
Transfers to/from the plan	2013-04-30	$0
Total plan liabilities at end of year	2013-04-30	$0
Total plan liabilities at beginning of year	2013-04-30	$0
Total income from all sources	2013-04-30	$12,976
Expenses. Total of all expenses incurred	2013-04-30	$1,186
Benefits paid (including direct rollovers)	2013-04-30	$0
Total plan assets at end of year	2013-04-30	$327,032
Total plan assets at beginning of year	2013-04-30	$315,242
Value of fidelity bond covering the plan	2013-04-30	$40,000
Total contributions received or receivable from participants	2013-04-30	$0
Expenses. Other expenses not covered elsewhere	2013-04-30	$0
Contributions received from other sources (not participants or employers)	2013-04-30	$0
Other income received	2013-04-30	$12,976
Noncash contributions received	2013-04-30	$0
Net income (gross income less expenses)	2013-04-30	$11,790
Net plan assets at end of year (total assets less liabilities)	2013-04-30	$327,032
Net plan assets at beginning of year (total assets less liabilities)	2013-04-30	$315,242
Total contributions received or receivable from employer(s)	2013-04-30	$0
Value of certain deemed distributions of participant loans	2013-04-30	$0
Value of corrective distributions	2013-04-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-04-30	$1,186
2012 : CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2012 401k financial data
Transfers to/from the plan	2012-04-30	$0
Total plan liabilities at end of year	2012-04-30	$0
Total plan liabilities at beginning of year	2012-04-30	$0
Total income from all sources	2012-04-30	$14,704
Expenses. Total of all expenses incurred	2012-04-30	$45,328
Benefits paid (including direct rollovers)	2012-04-30	$44,508
Total plan assets at end of year	2012-04-30	$315,242
Total plan assets at beginning of year	2012-04-30	$345,866
Value of fidelity bond covering the plan	2012-04-30	$40,000
Total contributions received or receivable from participants	2012-04-30	$0
Expenses. Other expenses not covered elsewhere	2012-04-30	$820
Contributions received from other sources (not participants or employers)	2012-04-30	$0
Other income received	2012-04-30	$14,704
Noncash contributions received	2012-04-30	$0
Net income (gross income less expenses)	2012-04-30	$-30,624
Net plan assets at end of year (total assets less liabilities)	2012-04-30	$315,242
Net plan assets at beginning of year (total assets less liabilities)	2012-04-30	$345,866
Total contributions received or receivable from employer(s)	2012-04-30	$0
Value of certain deemed distributions of participant loans	2012-04-30	$0
Value of corrective distributions	2012-04-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2012-04-30	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-04-30	$0
2011 : CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2011 401k financial data
Transfers to/from the plan	2011-04-30	$0
Total plan liabilities at end of year	2011-04-30	$0
Total plan liabilities at beginning of year	2011-04-30	$0
Total income from all sources	2011-04-30	$-11,641
Expenses. Total of all expenses incurred	2011-04-30	$8,550
Benefits paid (including direct rollovers)	2011-04-30	$5,852
Total plan assets at end of year	2011-04-30	$345,866
Total plan assets at beginning of year	2011-04-30	$366,057
Value of fidelity bond covering the plan	2011-04-30	$40,000
Total contributions received or receivable from participants	2011-04-30	$0
Expenses. Other expenses not covered elsewhere	2011-04-30	$2,698
Contributions received from other sources (not participants or employers)	2011-04-30	$0
Other income received	2011-04-30	$-11,641
Noncash contributions received	2011-04-30	$0
Net income (gross income less expenses)	2011-04-30	$-20,191
Net plan assets at end of year (total assets less liabilities)	2011-04-30	$345,866
Net plan assets at beginning of year (total assets less liabilities)	2011-04-30	$366,057
Total contributions received or receivable from employer(s)	2011-04-30	$0
Value of certain deemed distributions of participant loans	2011-04-30	$0
Value of corrective distributions	2011-04-30	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2011-04-30	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-04-30	$0
2010 : CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-04-30	$0

Form 5500 Responses for CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN

2021: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2021 form 5500 responses
2021-05-01	Type of plan entity	Single employer plan
2021-05-01	Submission has been amended	No
2021-05-01	This submission is the final filing	No
2021-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-05-01	Plan is a collectively bargained plan	No
2021-05-01	Plan funding arrangement – Trust	Yes
2021-05-01	Plan benefit arrangement - Trust	Yes
2012: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2012 form 5500 responses
2012-05-01	Type of plan entity	Single employer plan
2012-05-01	Submission has been amended	No
2012-05-01	This submission is the final filing	No
2012-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-05-01	Plan is a collectively bargained plan	No
2012-05-01	Plan funding arrangement – Trust	Yes
2012-05-01	Plan benefit arrangement - Trust	Yes
2011: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2011 form 5500 responses
2011-05-01	Type of plan entity	Single employer plan
2011-05-01	Submission has been amended	No
2011-05-01	This submission is the final filing	No
2011-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-05-01	Plan is a collectively bargained plan	No
2011-05-01	Plan funding arrangement – Trust	Yes
2011-05-01	Plan benefit arrangement - Trust	Yes
2009: CHALLENGE ELECTRIC CORP. PROFIT SHARING PLAN 2009 form 5500 responses
2009-05-01	Type of plan entity	Single employer plan
2009-05-01	Submission has been amended	No
2009-05-01	This submission is the final filing	No
2009-05-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-05-01	Plan is a collectively bargained plan	No
2009-05-01	Plan funding arrangement – Trust	Yes
2009-05-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

CHALLENGE ELECTRIC II, LTD. 401(K) PLAN [EIN = 272895999]

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Company Name:	CHALLENGE ELECTRIC CORP.
Employer identification number (EIN):	330809302
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2022-05-01
002	2021-05-01	WILLIAM WILKEY, JR.	2022-08-29
002	2020-05-01
002	2019-05-01
002	2018-05-01
002	2017-05-01
002	2016-05-01
002	2015-05-01
002	2014-05-01	WILLIAM WILKEY, JR.	2015-12-02
002	2013-05-01	WILLIAM WILKEY, JR.	2014-08-26
002	2012-05-01	WILLIAM WILKEY, JR.
002	2011-05-01	WILLIAM WILKEY, JR.
002	2009-05-01	WILLIAM WILKEY, JR.