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DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 401k Plan overview

Plan NameDYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN
Plan identification number 001

DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • 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

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

Company Name:DYNAMICS ELECTRIC, INC.
Employer identification number (EIN):954707987
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ALVIN C. KUIK2024-08-26 ALVIN C. KUIK2024-08-26
0012022-01-01ALVIN C. KUIK2023-10-13 ALVIN C. KUIK2023-10-13
0012019-01-01ALVIN C. KUIK2020-07-16 ALVIN C. KUIK2020-07-16
0012018-01-01ALVIN C. KUIK2019-10-04 ALVIN C. KUIK2019-10-04
0012017-01-01ALVIN C. KUIK2018-07-27 ALVIN C. KUIK2018-07-27
0012016-01-01ALVIN C. KUIK2017-07-17 ALVIN C. KUIK2017-07-17
0012014-01-01ALVIN C. KUIK2015-06-15 ALVIN C. KUIK2015-06-15
0012013-01-01ALVIN C. KUIK2014-08-22 ALVIN C. KUIK2014-08-22

Plan Statistics for DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN

401k plan membership statisitcs for DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN

Measure Date Value
2025: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-081
Total number of particpants at end of year2025-07-081
2024: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2024 401k membership
Total number of particpants at beginning of year2024-08-262
Total number of particpants at end of year2024-08-261
2022: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-311,267,256
Acturial value of plan assets2022-12-311,267,256
Funding target for retired participants and beneficiaries receiving payment2022-12-310
Number of terminated vested participants2022-12-310
Fundng target for terminated vested participants2022-12-310
Active participant vested funding target2022-12-311,096,951
Number of active participants2022-12-312
Total funding liabilities for active participants2022-12-311,096,951
Total participant count2022-12-312
Total funding target for all participants2022-12-311,096,951
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-3178,818
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-3178,818
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-3150,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3148,235
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-310
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-3148,235
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2019: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-31923,646
Acturial value of plan assets2019-12-31923,646
Funding target for retired participants and beneficiaries receiving payment2019-12-310
Number of terminated vested participants2019-12-310
Fundng target for terminated vested participants2019-12-310
Active participant vested funding target2019-12-31765,470
Number of active participants2019-12-311
Total funding liabilities for active participants2019-12-31765,470
Total participant count2019-12-311
Total funding target for all participants2019-12-31765,470
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31124,923
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31124,923
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31130,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31126,712
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3142,556
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31126,712
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-31658,819
Acturial value of plan assets2018-12-31658,819
Funding target for retired participants and beneficiaries receiving payment2018-12-310
Number of terminated vested participants2018-12-310
Fundng target for terminated vested participants2018-12-310
Active participant vested funding target2018-12-31427,786
Number of active participants2018-12-311
Total funding liabilities for active participants2018-12-31427,786
Total participant count2018-12-311
Total funding target for all participants2018-12-31427,786
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31126,607
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31126,607
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31130,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31124,923
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3138,920
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31124,923
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-31594,897
Acturial value of plan assets2017-12-31594,897
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-310
Fundng target for terminated vested participants2017-12-310
Active participant vested funding target2017-12-31486,406
Number of active participants2017-12-311
Total funding liabilities for active participants2017-12-31486,406
Total participant count2017-12-311
Total funding target for all participants2017-12-31486,406
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31121,405
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31121,405
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31130,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31126,606
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31174,520
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3166,029
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3166,029
Contributions allocatedtoward minimum required contributions for current year2017-12-31126,606
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-31400,221
Acturial value of plan assets2016-12-31400,221
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-310
Fundng target for terminated vested participants2016-12-310
Active participant vested funding target2016-12-31172,814
Number of active participants2016-12-311
Total funding liabilities for active participants2016-12-31172,814
Total participant count2016-12-311
Total funding target for all participants2016-12-31172,814
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31118,985
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31118,985
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31125,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31121,405
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3178,298
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31121,405
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN

Measure Date Value
2025 : DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-080
Total liabilities as of the end of the plan year2025-07-080
Total liabilities as of the beginning of the plan year2025-07-080
Total expenses incurred by plan in this plan year2025-07-080
Net assets as of the end of the plan year2025-07-081525808
Total assets as of the beginning of the plan year2025-07-081510727
Participant contributions to plan in this plan year2025-07-080
Other expenses paid from plan in this plan year2025-07-080
Other contributions to plan in this plan year2025-07-080
Other income to plan in this plan year2025-07-0815081
Plan net income in this plan year2025-07-0815081
Net assets as of the end of the plan year2025-07-081525808
Net assets as of the beginning of the plan year2025-07-081510727
Employer contributions to plan in this plan year2025-07-080
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-080
2024 : DYNAMICS ELECTRICAL INC. DEFINED BENEFIT PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-08-260
Total liabilities as of the end of the plan year2024-08-260
Total liabilities as of the beginning of the plan year2024-08-260
Total expenses incurred by plan in this plan year2024-08-260
Net assets as of the end of the plan year2024-08-261510727
Total assets as of the beginning of the plan year2024-08-261317256
Participant contributions to plan in this plan year2024-08-260
Other expenses paid from plan in this plan year2024-08-260
Other contributions to plan in this plan year2024-08-260
Other income to plan in this plan year2024-08-26193471
Plan net income in this plan year2024-08-26193471
Net assets as of the end of the plan year2024-08-261510727
Net assets as of the beginning of the plan year2024-08-261317256
Employer contributions to plan in this plan year2024-08-260
Expensese paid to adminstrative service provicers from plan in this plan year2024-08-260

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