OLSON ELECTRIC has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan OLSON ELECTRIC 401(K) PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2025: OLSON ELECTRIC 401(K) PROFIT SHARING PLAN 2025 401k membership |
|---|
| Total number of particpants at beginning of year | 2025-04-16 | 9 |
| Total number of particpants at end of year | 2025-04-16 | 8 |
| Number of Participants With Account Balances | 2025-04-16 | 8 |
| 2024: OLSON ELECTRIC 401(K) PROFIT SHARING PLAN 2024 401k membership |
|---|
| Total number of particpants at beginning of year | 2024-05-20 | 9 |
| Total number of particpants at end of year | 2024-05-20 | 9 |
| Number of Participants With Account Balances | 2024-05-20 | 9 |
| 2022: OLSON ELECTRIC 401(K) PROFIT SHARING PLAN 2022 401k membership |
|---|
| Total number of particpants at beginning of year | 2022-05-12 | 9 |
| Total number of particpants at end of year | 2022-05-12 | 9 |
| Number of Participants With Account Balances | 2022-05-12 | 9 |
| Measure | Date | Value |
|---|
| 2025 : OLSON ELECTRIC 401(K) PROFIT SHARING PLAN 2025 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2025-04-16 | 147953 |
| Net assets as of the end of the plan year | 2025-04-16 | 1563214 |
| Total assets as of the beginning of the plan year | 2025-04-16 | 1391891 |
| Value of plan covered by a fidelity bond | 2025-04-16 | 500000 |
| Participant contributions to plan in this plan year | 2025-04-16 | 22946 |
| Value of participant loans at end of plan year | 2025-04-16 | 32922 |
| Other income to plan in this plan year | 2025-04-16 | 284919 |
| Plan net income in this plan year | 2025-04-16 | 171323 |
| Net assets as of the end of the plan year | 2025-04-16 | 1563214 |
| Net assets as of the beginning of the plan year | 2025-04-16 | 1391891 |
| Employer contributions to plan in this plan year | 2025-04-16 | 11411 |
| Fees paid to broker by Benefit Provider | 2025-04-16 | 1814 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-04-16 | 17727 |
| 2024 : OLSON ELECTRIC 401(K) PROFIT SHARING PLAN 2024 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2024-05-20 | 46073 |
| Net assets as of the end of the plan year | 2024-05-20 | 1391891 |
| Total assets as of the beginning of the plan year | 2024-05-20 | 1155252 |
| Value of plan covered by a fidelity bond | 2024-05-20 | 120000 |
| Participant contributions to plan in this plan year | 2024-05-20 | 22397 |
| Value of participant loans at end of plan year | 2024-05-20 | 38872 |
| Other income to plan in this plan year | 2024-05-20 | 248234 |
| Plan net income in this plan year | 2024-05-20 | 236639 |
| Net assets as of the end of the plan year | 2024-05-20 | 1391891 |
| Net assets as of the beginning of the plan year | 2024-05-20 | 1155252 |
| Employer contributions to plan in this plan year | 2024-05-20 | 12081 |
| Fees paid to broker by Benefit Provider | 2024-05-20 | 1617 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-05-20 | 14117 |
| 2022 : OLSON ELECTRIC 401(K) PROFIT SHARING PLAN 2022 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2022-05-12 | 64597 |
| Net assets as of the end of the plan year | 2022-05-12 | 1522049 |
| Total assets as of the beginning of the plan year | 2022-05-12 | 1322605 |
| Value of plan covered by a fidelity bond | 2022-05-12 | 120000 |
| Participant contributions to plan in this plan year | 2022-05-12 | 21661 |
| Value of participant loans at end of plan year | 2022-05-12 | 49645 |
| Other income to plan in this plan year | 2022-05-12 | 230880 |
| Plan net income in this plan year | 2022-05-12 | 199444 |
| Net assets as of the end of the plan year | 2022-05-12 | 1522049 |
| Net assets as of the beginning of the plan year | 2022-05-12 | 1322605 |
| Employer contributions to plan in this plan year | 2022-05-12 | 11500 |
| Fees paid to broker by Benefit Provider | 2022-05-12 | 1658 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-05-12 | 16271 |
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