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ODIN ELECTRIC 401(K) PLAN 401k Plan overview

Plan NameODIN ELECTRIC 401(K) PLAN
Plan identification number 001

ODIN ELECTRIC 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.

401k Sponsoring company profile

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

Company Name:ODIN ELECTRIC
Employer identification number (EIN):863706229
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ODIN ELECTRIC 401(K) PLAN

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

Plan Statistics for ODIN ELECTRIC 401(K) PLAN

401k plan membership statisitcs for ODIN ELECTRIC 401(K) PLAN

Measure Date Value
2022: ODIN ELECTRIC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-014
Total number of active participants reported on line 7a of the Form 55002022-01-0152
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-0152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0152
Number of participants with account balances2022-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: ODIN ELECTRIC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-010
Total number of active participants reported on line 7a of the Form 55002021-01-014
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-010
Total of all active and inactive participants2021-01-014
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-014
Number of participants with account balances2021-01-013
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010

Financial Data on ODIN ELECTRIC 401(K) PLAN

Measure Date Value
2022 : ODIN ELECTRIC 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$165,984
Total plan assets at end of year2022-12-31$344,815
Total plan assets at beginning of year2022-12-31$178,831
Value of fidelity bond covering the plan2022-12-31$34,482
Total contributions received or receivable from participants2022-12-31$85,904
Contributions received from other sources (not participants or employers)2022-12-31$81,665
Other income received2022-12-31$-36,201
Net income (gross income less expenses)2022-12-31$165,984
Net plan assets at end of year (total assets less liabilities)2022-12-31$344,815
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$178,831
Total contributions received or receivable from employer(s)2022-12-31$34,616
2021 : ODIN ELECTRIC 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$178,831
Total plan assets at end of year2021-12-31$178,831
Total plan assets at beginning of year2021-12-31$0
Value of fidelity bond covering the plan2021-12-31$17,883
Total contributions received or receivable from participants2021-12-31$16,574
Contributions received from other sources (not participants or employers)2021-12-31$155,313
Other income received2021-12-31$1,507
Net income (gross income less expenses)2021-12-31$178,831
Net plan assets at end of year (total assets less liabilities)2021-12-31$178,831
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$5,437

Form 5500 Responses for ODIN ELECTRIC 401(K) PLAN

2022: ODIN ELECTRIC 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: ODIN ELECTRIC 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number152144
Policy instance 1
Insurance contract or identification number152144
Number of Individuals Covered22
Insurance policy start date2022-09-22
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $861
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for group deferred annuity?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $861
Insurance broker organization code?5
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number152144
Policy instance 1
Insurance contract or identification number152144
Number of Individuals Covered3
Insurance policy start date2021-09-22
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $391
Are there contracts with allocated funds for group deferred annuity?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Amount paid for insurance broker fees391
Insurance broker organization code?5

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