SUMMIT ELECTRIC COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2025 : SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2025 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2025-07-28 | 361205 |
| Net assets as of the end of the plan year | 2025-07-28 | 2309551 |
| Total assets as of the beginning of the plan year | 2025-07-28 | 2204133 |
| Value of plan covered by a fidelity bond | 2025-07-28 | 295000 |
| Participant contributions to plan in this plan year | 2025-07-28 | 152235 |
| Other income to plan in this plan year | 2025-07-28 | 274388 |
| Plan net income in this plan year | 2025-07-28 | 105418 |
| Net assets as of the end of the plan year | 2025-07-28 | 2309551 |
| Net assets as of the beginning of the plan year | 2025-07-28 | 2204133 |
| Value of contributions failed to transmitted timely | 2025-07-28 | 1894 |
| Employer contributions to plan in this plan year | 2025-07-28 | 40000 |
| Fees paid to broker by Benefit Provider | 2025-07-28 | 5909 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-07-28 | 2632 |
| 2024 : SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2024 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2024-04-02 | 50361 |
| Net assets as of the end of the plan year | 2024-04-02 | 2204133 |
| Total assets as of the beginning of the plan year | 2024-04-02 | 1761633 |
| Value of plan covered by a fidelity bond | 2024-04-02 | 295000 |
| Participant contributions to plan in this plan year | 2024-04-02 | 136948 |
| Other income to plan in this plan year | 2024-04-02 | 320913 |
| Plan net income in this plan year | 2024-04-02 | 442500 |
| Net assets as of the end of the plan year | 2024-04-02 | 2204133 |
| Net assets as of the beginning of the plan year | 2024-04-02 | 1761633 |
| Employer contributions to plan in this plan year | 2024-04-02 | 35000 |
| Fees paid to broker by Benefit Provider | 2024-04-02 | 4872 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-04-02 | 5874 |
| 2022 : SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2022 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2022-06-16 | 22557 |
| Net assets as of the end of the plan year | 2022-06-16 | 2015023 |
| Total assets as of the beginning of the plan year | 2022-06-16 | 1681069 |
| Value of plan covered by a fidelity bond | 2022-06-16 | 295000 |
| Participant contributions to plan in this plan year | 2022-06-16 | 99249 |
| Other income to plan in this plan year | 2022-06-16 | 257262 |
| Plan net income in this plan year | 2022-06-16 | 333954 |
| Net assets as of the end of the plan year | 2022-06-16 | 2015023 |
| Net assets as of the beginning of the plan year | 2022-06-16 | 1681069 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-06-16 | 500 |
| 2010 : SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2010 401k financial data |
|---|
| Total income from all sources | 2010-12-31 | $210,233 |
| Expenses. Total of all expenses incurred | 2010-12-31 | $616,129 |
| Benefits paid (including direct rollovers) | 2010-12-31 | $616,129 |
| Total plan assets at end of year | 2010-12-31 | $1,615,722 |
| Total plan assets at beginning of year | 2010-12-31 | $2,021,618 |
| Value of fidelity bond covering the plan | 2010-12-31 | $161,573 |
| Total contributions received or receivable from participants | 2010-12-31 | $26,662 |
| Other income received | 2010-12-31 | $173,571 |
| Net income (gross income less expenses) | 2010-12-31 | $-405,896 |
| Net plan assets at end of year (total assets less liabilities) | 2010-12-31 | $1,615,722 |
| Net plan assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,021,618 |
| Total contributions received or receivable from employer(s) | 2010-12-31 | $10,000 |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| 2009 : SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
| 2010: SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2010 form 5500 responses |
|---|
| 2010-01-01 | Type of plan entity | Single employer plan |
| 2010-01-01 | Submission has been amended | No |
| 2010-01-01 | This submission is the final filing | No |
| 2010-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2010-01-01 | Plan is a collectively bargained plan | No |
| 2010-01-01 | Plan funding arrangement – Insurance | Yes |
| 2010-01-01 | Plan funding arrangement – Trust | Yes |
| 2010-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2010-01-01 | Plan benefit arrangement - Trust | Yes |
| 2009: SUMMIT ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN 2009 form 5500 responses |
|---|
| 2009-01-01 | Type of plan entity | Single employer plan |
| 2009-01-01 | Submission has been amended | No |
| 2009-01-01 | This submission is the final filing | No |
| 2009-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2009-01-01 | Plan is a collectively bargained plan | No |
| 2009-01-01 | Plan funding arrangement – Insurance | Yes |
| 2009-01-01 | Plan funding arrangement – Trust | Yes |
| 2009-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2009-01-01 | Plan benefit arrangement - Trust | Yes |
