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WYE ELECTRIC, INC. 401(K) PLAN 401k Plan overview

Plan NameWYE ELECTRIC, INC. 401(K) PLAN
Plan identification number 001

WYE ELECTRIC, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:WYE ELECTRIC, INC.
Employer identification number (EIN):721001329
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WYE ELECTRIC, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JASON YOUNG2024-07-21
0012022-01-01JASON YOUNG2023-08-20
0012021-01-01JASON YOUNG2022-08-07
0012020-01-01JASON YOUNG2021-07-25
0012019-01-01JASON YOUNG2020-07-19
0012018-01-01JASON YOUNG2019-07-23
0012017-01-01JASON YOUNG2018-07-31
0012016-01-01JASON YOUNG2017-07-21
0012015-01-01JASON YOUNG2016-07-26
0012014-01-01JASON YOUNG2015-10-02
0012013-01-01JASON YOUNG2014-09-25
0012012-01-01JASON YOUNG2013-10-11
0012011-01-01JASON YOUNG2012-07-24
0012010-01-01JASON YOUNG
0012009-01-01JASON YOUNG

Plan Statistics for WYE ELECTRIC, INC. 401(K) PLAN

401k plan membership statisitcs for WYE ELECTRIC, INC. 401(K) PLAN

Measure Date Value
2025: WYE ELECTRIC, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-06-2122
Total number of particpants at end of year2025-06-2122
Number of Participants With Account Balances2025-06-216
2024: WYE ELECTRIC, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-07-2123
Total number of particpants at end of year2024-07-2121
Number of Participants With Account Balances2024-07-216
2010: WYE ELECTRIC, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0151
Total number of active participants reported on line 7a of the Form 55002010-01-0148
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-011
Total of all active and inactive participants2010-01-0149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0149
Number of participants with account balances2010-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: WYE ELECTRIC, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0154
Total number of active participants reported on line 7a of the Form 55002009-01-0149
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-011
Total of all active and inactive participants2009-01-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0150
Number of participants with account balances2009-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WYE ELECTRIC, INC. 401(K) PLAN

Measure Date Value
2025 : WYE ELECTRIC, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-210
Total liabilities as of the end of the plan year2025-06-210
Total liabilities as of the beginning of the plan year2025-06-210
Total expenses incurred by plan in this plan year2025-06-21170
Net assets as of the end of the plan year2025-06-21265729
Total assets as of the beginning of the plan year2025-06-21222346
Value of plan covered by a fidelity bond2025-06-2150000
Participant contributions to plan in this plan year2025-06-212828
Value of participant loans at end of plan year2025-06-2132680
Other expenses paid from plan in this plan year2025-06-21170
Other contributions to plan in this plan year2025-06-210
Other income to plan in this plan year2025-06-2140725
Plan net income in this plan year2025-06-2143383
Net assets as of the end of the plan year2025-06-21265729
Net assets as of the beginning of the plan year2025-06-21222346
Employer contributions to plan in this plan year2025-06-210
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-210
2024 : WYE ELECTRIC, INC. 401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-210
Total liabilities as of the end of the plan year2024-07-210
Total liabilities as of the beginning of the plan year2024-07-210
Total expenses incurred by plan in this plan year2024-07-2151456
Net assets as of the end of the plan year2024-07-21222346
Total assets as of the beginning of the plan year2024-07-21225127
Value of plan covered by a fidelity bond2024-07-2150000
Participant contributions to plan in this plan year2024-07-214569
Value of participant loans at end of plan year2024-07-2139625
Other expenses paid from plan in this plan year2024-07-210
Other contributions to plan in this plan year2024-07-210
Other income to plan in this plan year2024-07-2144106
Plan net income in this plan year2024-07-21-2781
Net assets as of the end of the plan year2024-07-21222346
Net assets as of the beginning of the plan year2024-07-21225127
Employer contributions to plan in this plan year2024-07-210
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-210
2010 : WYE ELECTRIC, INC. 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$0
Total income from all sources2010-12-31$49,938
Expenses. Total of all expenses incurred2010-12-31$4,000
Benefits paid (including direct rollovers)2010-12-31$4,000
Total plan assets at end of year2010-12-31$354,253
Total plan assets at beginning of year2010-12-31$308,315
Value of fidelity bond covering the plan2010-12-31$50,000
Total contributions received or receivable from participants2010-12-31$22,912
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$27,026
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$45,938
Net plan assets at end of year (total assets less liabilities)2010-12-31$354,253
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$308,315
Total contributions received or receivable from employer(s)2010-12-31$0
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : WYE ELECTRIC, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for WYE ELECTRIC, INC. 401(K) PLAN

2010: WYE ELECTRIC, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WYE ELECTRIC, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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