401k Plan data: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN plan

PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	002

PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP 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).
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).

401k Sponsoring company profile

PALMER ELECTRIC COMPANY has sponsored the creation of one or more 401k plans.

Company Name: PALMER ELECTRIC COMPANY

Employer identification number (EIN): 590699955

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

Additional information about PALMER ELECTRIC COMPANY

Jurisdiction of Incorporation: Florida Department of State Division of Corporations

Incorporation Date: 1951-03-24

Company Identification Number: 164642

Legal Registered Office Address: 875 JACKSON AVE. SUITE 100

WINTER PARK

32789

More information about PALMER ELECTRIC COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2016-10-01 THOMAS BEARD THOMAS BEARD 2018-01-16
002 2016-10-01 THOMAS BEARD
002 2016-10-01 THOMAS BEARD
002 2015-10-01 THOMAS BEARD THOMAS BEARD 2016-12-02
002 2014-10-01 THOMAS BEARD THOMAS BEARD 2016-05-23
002 2013-10-01 THOMAS BEARD THOMAS BEARD 2015-05-05
002 2012-10-01 THOMAS BEARD THOMAS BEARD 2014-05-12
002 2011-10-01 THOMAS BEARD THOMAS BEARD 2013-06-11
002 2009-10-01 THOMAS BEARD THOMAS BEARD 2011-06-17

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
002	2016-10-01	THOMAS BEARD	THOMAS BEARD	2018-01-16
002	2016-10-01		THOMAS BEARD
002	2016-10-01		THOMAS BEARD
002	2015-10-01	THOMAS BEARD	THOMAS BEARD	2016-12-02
002	2014-10-01	THOMAS BEARD	THOMAS BEARD	2016-05-23
002	2013-10-01	THOMAS BEARD	THOMAS BEARD	2015-05-05
002	2012-10-01	THOMAS BEARD	THOMAS BEARD	2014-05-12
002	2011-10-01	THOMAS BEARD	THOMAS BEARD	2013-06-11
002	2009-10-01	THOMAS BEARD	THOMAS BEARD	2011-06-17

Plan Statistics for PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2016: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year 2016-10-01 22
Total number of active participants reported on line 7a of the Form 5500 2016-10-01 0
Number of retired or separated participants receiving benefits 2016-10-01 0
Number of other retired or separated participants entitled to future benefits 2016-10-01 0
Total of all active and inactive participants 2016-10-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-10-01 0
Total participants 2016-10-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-10-01 0
2015: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year 2015-10-01 84
Total number of active participants reported on line 7a of the Form 5500 2015-10-01 1
Number of retired or separated participants receiving benefits 2015-10-01 0
Number of other retired or separated participants entitled to future benefits 2015-10-01 19
Total of all active and inactive participants 2015-10-01 20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-10-01 2
Total participants 2015-10-01 22
Number of participants with account balances 2015-10-01 22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-10-01 0
2014: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year 2014-10-01 84
Total number of active participants reported on line 7a of the Form 5500 2014-10-01 8
Number of retired or separated participants receiving benefits 2014-10-01 0
Number of other retired or separated participants entitled to future benefits 2014-10-01 76
Total of all active and inactive participants 2014-10-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-10-01 0
Total participants 2014-10-01 84
Number of participants with account balances 2014-10-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-10-01 0
2013: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year 2013-10-01 84
Total number of active participants reported on line 7a of the Form 5500 2013-10-01 8
Number of retired or separated participants receiving benefits 2013-10-01 0
Number of other retired or separated participants entitled to future benefits 2013-10-01 76
Total of all active and inactive participants 2013-10-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-10-01 0
Total participants 2013-10-01 84
Number of participants with account balances 2013-10-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-10-01 0
2012: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year 2012-10-01 84
Total number of active participants reported on line 7a of the Form 5500 2012-10-01 11
Number of retired or separated participants receiving benefits 2012-10-01 0
Number of other retired or separated participants entitled to future benefits 2012-10-01 73
Total of all active and inactive participants 2012-10-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-10-01 0
Total participants 2012-10-01 84
Number of participants with account balances 2012-10-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-10-01 0
2011: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year 2011-10-01 84
Total number of active participants reported on line 7a of the Form 5500 2011-10-01 11
Number of retired or separated participants receiving benefits 2011-10-01 0
Number of other retired or separated participants entitled to future benefits 2011-10-01 73
Total of all active and inactive participants 2011-10-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-10-01 0
Total participants 2011-10-01 84
Number of participants with account balances 2011-10-01 84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-10-01 0
2009: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-10-01 90
Total number of active participants reported on line 7a of the Form 5500 2009-10-01 15
Number of retired or separated participants receiving benefits 2009-10-01 0
Number of other retired or separated participants entitled to future benefits 2009-10-01 72
Total of all active and inactive participants 2009-10-01 87
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-10-01 0
Total participants 2009-10-01 87
Number of participants with account balances 2009-10-01 87

Measure	Date	Value
2016: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k membership
Total participants, beginning-of-year	2016-10-01	22
Total number of active participants reported on line 7a of the Form 5500	2016-10-01	0
Number of retired or separated participants receiving benefits	2016-10-01	0
Number of other retired or separated participants entitled to future benefits	2016-10-01	0
Total of all active and inactive participants	2016-10-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-10-01	0
Total participants	2016-10-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-10-01	0
2015: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k membership
Total participants, beginning-of-year	2015-10-01	84
Total number of active participants reported on line 7a of the Form 5500	2015-10-01	1
Number of retired or separated participants receiving benefits	2015-10-01	0
Number of other retired or separated participants entitled to future benefits	2015-10-01	19
Total of all active and inactive participants	2015-10-01	20
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-10-01	2
Total participants	2015-10-01	22
Number of participants with account balances	2015-10-01	22
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-10-01	0
2014: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k membership
Total participants, beginning-of-year	2014-10-01	84
Total number of active participants reported on line 7a of the Form 5500	2014-10-01	8
Number of retired or separated participants receiving benefits	2014-10-01	0
Number of other retired or separated participants entitled to future benefits	2014-10-01	76
Total of all active and inactive participants	2014-10-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-10-01	0
Total participants	2014-10-01	84
Number of participants with account balances	2014-10-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-10-01	0
2013: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k membership
Total participants, beginning-of-year	2013-10-01	84
Total number of active participants reported on line 7a of the Form 5500	2013-10-01	8
Number of retired or separated participants receiving benefits	2013-10-01	0
Number of other retired or separated participants entitled to future benefits	2013-10-01	76
Total of all active and inactive participants	2013-10-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-10-01	0
Total participants	2013-10-01	84
Number of participants with account balances	2013-10-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-10-01	0
2012: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k membership
Total participants, beginning-of-year	2012-10-01	84
Total number of active participants reported on line 7a of the Form 5500	2012-10-01	11
Number of retired or separated participants receiving benefits	2012-10-01	0
Number of other retired or separated participants entitled to future benefits	2012-10-01	73
Total of all active and inactive participants	2012-10-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-10-01	0
Total participants	2012-10-01	84
Number of participants with account balances	2012-10-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-10-01	0
2011: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k membership
Total participants, beginning-of-year	2011-10-01	84
Total number of active participants reported on line 7a of the Form 5500	2011-10-01	11
Number of retired or separated participants receiving benefits	2011-10-01	0
Number of other retired or separated participants entitled to future benefits	2011-10-01	73
Total of all active and inactive participants	2011-10-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-10-01	0
Total participants	2011-10-01	84
Number of participants with account balances	2011-10-01	84
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-10-01	0
2009: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-10-01	90
Total number of active participants reported on line 7a of the Form 5500	2009-10-01	15
Number of retired or separated participants receiving benefits	2009-10-01	0
Number of other retired or separated participants entitled to future benefits	2009-10-01	72
Total of all active and inactive participants	2009-10-01	87
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-10-01	0
Total participants	2009-10-01	87
Number of participants with account balances	2009-10-01	87

Financial Data on PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2017 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2017 401k financial data
Total income from all sources	2017-09-30	$0
Expenses. Total of all expenses incurred	2017-09-30	$2,212
Benefits paid (including direct rollovers)	2017-09-30	$2,212
Total plan assets at end of year	2017-09-30	$0
Total plan assets at beginning of year	2017-09-30	$2,212
Value of fidelity bond covering the plan	2017-09-30	$500,000
Net income (gross income less expenses)	2017-09-30	$-2,212
Net plan assets at end of year (total assets less liabilities)	2017-09-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2017-09-30	$2,212
Total income from all sources	2017-08-10	$0
Expenses. Total of all expenses incurred	2017-08-10	$2,212
Benefits paid (including direct rollovers)	2017-08-10	$2,212
Total plan assets at end of year	2017-08-10	$0
Total plan assets at beginning of year	2017-08-10	$2,212
Value of fidelity bond covering the plan	2017-08-10	$500,000
Net income (gross income less expenses)	2017-08-10	$-2,212
Net plan assets at end of year (total assets less liabilities)	2017-08-10	$0
Net plan assets at beginning of year (total assets less liabilities)	2017-08-10	$2,212
2016 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2016 401k financial data
Total income from all sources	2016-09-30	$0
Expenses. Total of all expenses incurred	2016-09-30	$12,826
Benefits paid (including direct rollovers)	2016-09-30	$12,826
Total plan assets at end of year	2016-09-30	$2,212
Total plan assets at beginning of year	2016-09-30	$15,038
Value of fidelity bond covering the plan	2016-09-30	$500,000
Net income (gross income less expenses)	2016-09-30	$-12,826
Net plan assets at end of year (total assets less liabilities)	2016-09-30	$2,212
Net plan assets at beginning of year (total assets less liabilities)	2016-09-30	$15,038
2015 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2015 401k financial data
Total plan liabilities at beginning of year	2015-09-30	$1
Total income from all sources	2015-09-30	$15,038
Total plan assets at end of year	2015-09-30	$15,038
Total plan assets at beginning of year	2015-09-30	$1
Value of fidelity bond covering the plan	2015-09-30	$500,000
Other income received	2015-09-30	$15,038
Net income (gross income less expenses)	2015-09-30	$15,038
Net plan assets at end of year (total assets less liabilities)	2015-09-30	$15,038
Net plan assets at beginning of year (total assets less liabilities)	2015-09-30	$0
Assets. Value of employer securities	2015-09-30	$0
2014 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-09-30	$1
Total plan liabilities at beginning of year	2014-09-30	$1
Total income from all sources	2014-09-30	$0
Total plan assets at end of year	2014-09-30	$1
Total plan assets at beginning of year	2014-09-30	$1
Value of fidelity bond covering the plan	2014-09-30	$500,000
Net plan assets at end of year (total assets less liabilities)	2014-09-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2014-09-30	$0
Assets. Value of employer securities	2014-09-30	$1
2013 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-09-30	$1
Total plan liabilities at beginning of year	2013-09-30	$1
Total income from all sources	2013-09-30	$0
Total plan assets at end of year	2013-09-30	$1
Total plan assets at beginning of year	2013-09-30	$1
Value of fidelity bond covering the plan	2013-09-30	$500,000
Net plan assets at end of year (total assets less liabilities)	2013-09-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2013-09-30	$0
Assets. Value of employer securities	2013-09-30	$1
2012 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-09-30	$1
Total plan liabilities at beginning of year	2012-09-30	$1
Total income from all sources	2012-09-30	$0
Total plan assets at end of year	2012-09-30	$1
Total plan assets at beginning of year	2012-09-30	$1
Value of fidelity bond covering the plan	2012-09-30	$500,000
Net plan assets at end of year (total assets less liabilities)	2012-09-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2012-09-30	$0
Assets. Value of employer securities	2012-09-30	$1
2011 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2011 401k financial data
Total plan liabilities at end of year	2011-09-30	$1
Total plan liabilities at beginning of year	2011-09-30	$1,951
Total income from all sources	2011-09-30	$-192,185
Expenses. Total of all expenses incurred	2011-09-30	$3,644
Benefits paid (including direct rollovers)	2011-09-30	$3,644
Total plan assets at end of year	2011-09-30	$1
Total plan assets at beginning of year	2011-09-30	$197,780
Value of fidelity bond covering the plan	2011-09-30	$500,000
Other income received	2011-09-30	$-192,185
Net income (gross income less expenses)	2011-09-30	$-195,829
Net plan assets at end of year (total assets less liabilities)	2011-09-30	$0
Net plan assets at beginning of year (total assets less liabilities)	2011-09-30	$195,829
Assets. Value of employer securities	2011-09-30	$1
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-09-30	$3,644
2010 : PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-09-30	$14,974

Form 5500 Responses for PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN

2016: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2016 form 5500 responses
2016-10-01	Type of plan entity	Single employer plan
2016-10-01	Submission has been amended	Yes
2016-10-01	This submission is the final filing	Yes
2016-10-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2016-10-01	Plan funding arrangement – Trust	Yes
2016-10-01	Plan benefit arrangement - Trust	Yes
2015: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2015 form 5500 responses
2015-10-01	Type of plan entity	Single employer plan
2015-10-01	Plan funding arrangement – Trust	Yes
2015-10-01	Plan benefit arrangement - Trust	Yes
2014: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2014 form 5500 responses
2014-10-01	Type of plan entity	Single employer plan
2014-10-01	Plan funding arrangement – Trust	Yes
2014-10-01	Plan benefit arrangement - Trust	Yes
2013: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2013 form 5500 responses
2013-10-01	Type of plan entity	Single employer plan
2013-10-01	Plan funding arrangement – Trust	Yes
2013-10-01	Plan benefit arrangement - Trust	Yes
2012: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2012 form 5500 responses
2012-10-01	Type of plan entity	Single employer plan
2012-10-01	Plan funding arrangement – Trust	Yes
2012-10-01	Plan benefit arrangement - Trust	Yes
2011: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2011 form 5500 responses
2011-10-01	Type of plan entity	Single employer plan
2011-10-01	Plan funding arrangement – Trust	Yes
2011-10-01	Plan benefit arrangement - Trust	Yes
2009: PALMER ELECTRIC COMPANY AMENDED AND RESTATED EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-10-01	Type of plan entity	Single employer plan
2009-10-01	Plan funding arrangement – Trust	Yes
2009-10-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PALMER ELECTRIC COMPANY
Employer identification number (EIN):	590699955
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors

Jurisdiction of Incorporation:	Florida Department of State Division of Corporations
Incorporation Date:	1951-03-24
Company Identification Number:	164642
Legal Registered Office Address:	875 JACKSON AVE. SUITE 100 WINTER PARK 32789