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ELECTRIC MOTOR SERVICES INC 401k Plan overview

Plan NameELECTRIC MOTOR SERVICES INC
Plan identification number 001

ELECTRIC MOTOR SERVICES INC 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.

401k Sponsoring company profile

ELECTRIC MOTOR SERVICES INC has sponsored the creation of one or more 401k plans.

Company Name:ELECTRIC MOTOR SERVICES INC
Employer identification number (EIN):320152118
NAIC Classification:811210
NAIC Description: Electronic and Precision Equipment Repair and Maintenance

Additional information about ELECTRIC MOTOR SERVICES INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 3940025

More information about ELECTRIC MOTOR SERVICES INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ELECTRIC MOTOR SERVICES INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PATTY SUNDEEN2024-05-24
0012022-01-01CATHY PENNA2023-06-30
0012021-01-01CATHY PENNA2022-05-24
0012020-01-01CATHY PENNA2021-06-18
0012019-01-01CATHY PENNA2020-06-30
0012018-01-01CATHY PENNA2019-06-27
0012017-01-01CATHY PENNA2018-06-14
0012016-01-01CATHY PENNA2017-06-30
0012015-01-01CATHY PENNA
0012014-01-01CATHY PENNA2015-06-06
0012013-01-01CATHY PENNA2014-06-25
0012012-01-01CATHY PENNA2013-06-18
0012011-01-01CATHY PENNA2013-11-19
0012010-01-01CATHY PENNA2011-06-09
0012009-01-01CATHY PENNA

Plan Statistics for ELECTRIC MOTOR SERVICES INC

401k plan membership statisitcs for ELECTRIC MOTOR SERVICES INC

Measure Date Value
2015: ELECTRIC MOTOR SERVICES INC 2015 401k membership
Total participants, beginning-of-year2015-01-01131
Total number of active participants reported on line 7a of the Form 55002015-01-0170
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0131
Total of all active and inactive participants2015-01-01101
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01101
Number of participants with account balances2015-01-0172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2009: ELECTRIC MOTOR SERVICES INC 2009 401k membership
Total participants, beginning-of-year2009-01-0125
Total number of active participants reported on line 7a of the Form 55002009-01-0126
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 participants2009-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0127
Number of participants with account balances2009-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on ELECTRIC MOTOR SERVICES INC

Measure Date Value
2015 : ELECTRIC MOTOR SERVICES INC 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$199,915
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$171,044
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$166,343
Expenses. Certain deemed distributions of participant loans2015-12-31$1,726
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$203,724
Value of total assets at end of year2015-12-31$859,228
Value of total assets at beginning of year2015-12-31$830,357
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,975
Total interest from all sources2015-12-31$2,813
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$31,816
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$31,816
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$84,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$115,426
Participant contributions at end of year2015-12-31$106,819
Participant contributions at beginning of year2015-12-31$34,095
Administrative expenses (other) incurred2015-12-31$2,975
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$28,871
Value of net assets at end of year (total assets less liabilities)2015-12-31$859,228
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$830,357
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$643,977
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$663,955
Interest on participant loans2015-12-31$2,813
Value of interest in common/collective trusts at end of year2015-12-31$108,432
Value of interest in common/collective trusts at beginning of year2015-12-31$132,307
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-37,459
Net investment gain or loss from common/collective trusts2015-12-31$-979
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$88,298
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$166,343
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31RAY SUORANTA
Accountancy firm EIN2015-12-31363031566
2009 : ELECTRIC MOTOR SERVICES INC 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 ELECTRIC MOTOR SERVICES INC

2015: ELECTRIC MOTOR SERVICES INC 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2009: ELECTRIC MOTOR SERVICES INC 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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