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HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 401k Plan overview

Plan NameHIGH TOWER ELECTRIC 401(K) PLAN & TRUST
Plan identification number 001

HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the 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

HIGH TOWER ELECTRIC INC. has sponsored the creation of one or more 401k plans.

Company Name:HIGH TOWER ELECTRIC INC.
Employer identification number (EIN):710925337
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HIGH TOWER ELECTRIC 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012010-01-01JULIE R. TOLBERT
0012009-01-01JULIE R. TOLBERT JULIE R. TOLBERT2010-04-01

Plan Statistics for HIGH TOWER ELECTRIC 401(K) PLAN & TRUST

401k plan membership statisitcs for HIGH TOWER ELECTRIC 401(K) PLAN & TRUST

Measure Date Value
2010: HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-0140
Total number of active participants reported on line 7a of the Form 55002010-01-0122
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0110
Total of all active and inactive participants2010-01-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0132
Number of participants with account balances2010-01-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011
2009: HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-0139
Total number of active participants reported on line 7a of the Form 55002009-01-0133
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0140
Number of participants with account balances2009-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on HIGH TOWER ELECTRIC 401(K) PLAN & TRUST

Measure Date Value
2010 : HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 2010 401k financial data
Total income from all sources2010-12-31$54,598
Expenses. Total of all expenses incurred2010-12-31$85,939
Benefits paid (including direct rollovers)2010-12-31$82,250
Total plan assets at end of year2010-12-31$290,189
Total plan assets at beginning of year2010-12-31$321,530
Value of fidelity bond covering the plan2010-12-31$30,000
Total contributions received or receivable from participants2010-12-31$26,472
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$735
Other income received2010-12-31$12,893
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$-31,341
Net plan assets at end of year (total assets less liabilities)2010-12-31$290,189
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$321,530
Assets. Value of participant loans2010-12-31$26,854
Total contributions received or receivable from employer(s)2010-12-31$14,498
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$3,689
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 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 HIGH TOWER ELECTRIC 401(K) PLAN & TRUST

2010: HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 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: HIGH TOWER ELECTRIC 401(K) PLAN & TRUST 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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