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GLIC RETIREMENT PLAN 401k Plan overview

Plan NameGLIC RETIREMENT PLAN
Plan identification number 001

GLIC RETIREMENT PLAN Benefits

401k Plan TypeDefined 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
  • 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.
  • Plan covering Self-Employed individuals.
  • 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

GLIC ELECTRICAL SERVICES has sponsored the creation of one or more 401k plans.

Company Name:GLIC ELECTRICAL SERVICES
Employer identification number (EIN):842053303
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLIC RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01

Plan Statistics for GLIC RETIREMENT PLAN

401k plan membership statisitcs for GLIC RETIREMENT PLAN

Measure Date Value
2025: GLIC RETIREMENT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-10-0922
Total number of particpants at end of year2025-10-0970
Number of Participants With Account Balances2025-10-097
2024: GLIC RETIREMENT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-10-0412
Total number of particpants at end of year2024-10-0422
Number of Participants With Account Balances2024-10-048
2022: GLIC RETIREMENT PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-296
Total number of particpants at end of year2022-06-294
Number of Participants With Account Balances2022-06-293

Financial Data on GLIC RETIREMENT PLAN

Measure Date Value
2025 : GLIC RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-0931066
Net assets as of the end of the plan year2025-10-09268759
Total assets as of the beginning of the plan year2025-10-09141367
Participant contributions to plan in this plan year2025-10-0916689
Value of participant loans at end of plan year2025-10-0950463
Other contributions to plan in this plan year2025-10-0993083
Other income to plan in this plan year2025-10-0937400
Plan net income in this plan year2025-10-09127392
Net assets as of the end of the plan year2025-10-09268759
Net assets as of the beginning of the plan year2025-10-09141367
Employer contributions to plan in this plan year2025-10-0911286
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-09690
2024 : GLIC RETIREMENT PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-10-049264
Total expenses incurred by plan in this plan year2024-10-0412361
Net assets as of the end of the plan year2024-10-04141367
Total assets as of the beginning of the plan year2024-10-0480122
Participant contributions to plan in this plan year2024-10-0445922
Value of participant loans at end of plan year2024-10-041155
Other income to plan in this plan year2024-10-0421357
Plan net income in this plan year2024-10-0470509
Net assets as of the end of the plan year2024-10-04141367
Net assets as of the beginning of the plan year2024-10-0470858
Employer contributions to plan in this plan year2024-10-0415591
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-04777
2022 : GLIC RETIREMENT PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-06-292193
Total expenses incurred by plan in this plan year2022-06-295246
Net assets as of the end of the plan year2022-06-2949323
Total assets as of the beginning of the plan year2022-06-2933900
Participant contributions to plan in this plan year2022-06-2915583
Value of participant loans at end of plan year2022-06-2915000
Other income to plan in this plan year2022-06-294620
Plan net income in this plan year2022-06-2917616
Net assets as of the end of the plan year2022-06-2949323
Net assets as of the beginning of the plan year2022-06-2931707
Employer contributions to plan in this plan year2022-06-292659
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-29527

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