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CURRENT ELECTRIC, INC. 401(K) PLAN 401k Plan overview

Plan NameCURRENT ELECTRIC, INC. 401(K) PLAN
Plan identification number 001

CURRENT ELECTRIC, INC. 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.
  • 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

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

Company Name:CURRENT ELECTRIC, INC.
Employer identification number (EIN):742403180
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about CURRENT ELECTRIC, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1986-02-24
Company Identification Number: 0078703100
Legal Registered Office Address: 6387 CAMP BOWIE BLVD STE B

FORT WORTH
United States of America (USA)
76116

More information about CURRENT ELECTRIC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CURRENT ELECTRIC, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01PAMELA LANDRUM PAMELA LANDRUM2014-11-12
0012009-01-01PAMELA LANDRUM

Plan Statistics for CURRENT ELECTRIC, INC. 401(K) PLAN

401k plan membership statisitcs for CURRENT ELECTRIC, INC. 401(K) PLAN

Measure Date Value
2012: CURRENT ELECTRIC, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0114
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2009: CURRENT ELECTRIC, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0118
Total number of active participants reported on line 7a of the Form 55002009-01-0112
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0115
Number of participants with account balances2009-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on CURRENT ELECTRIC, INC. 401(K) PLAN

Measure Date Value
2012 : CURRENT ELECTRIC, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources2012-05-29$6,030
Expenses. Total of all expenses incurred2012-05-29$82,285
Benefits paid (including direct rollovers)2012-05-29$81,518
Total plan assets at end of year2012-05-29$0
Total plan assets at beginning of year2012-05-29$76,255
Total contributions received or receivable from participants2012-05-29$424
Contributions received from other sources (not participants or employers)2012-05-29$0
Other income received2012-05-29$3,205
Net income (gross income less expenses)2012-05-29$-76,255
Net plan assets at end of year (total assets less liabilities)2012-05-29$0
Net plan assets at beginning of year (total assets less liabilities)2012-05-29$76,255
Total contributions received or receivable from employer(s)2012-05-29$2,401
Value of certain deemed distributions of participant loans2012-05-29$0
Value of corrective distributions2012-05-29$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-05-29$767
2010 : CURRENT ELECTRIC, INC. 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$17,346
Expenses. Total of all expenses incurred2010-12-31$1,475
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$85,322
Total plan assets at beginning of year2010-12-31$69,451
Value of fidelity bond covering the plan2010-12-31$75,000
Total contributions received or receivable from participants2010-12-31$4,199
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$13,147
Net income (gross income less expenses)2010-12-31$15,871
Net plan assets at end of year (total assets less liabilities)2010-12-31$85,322
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$69,451
Assets. Value of participant loans2010-12-31$5,349
Total contributions received or receivable from employer(s)2010-12-31$0
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$1,475

Form 5500 Responses for CURRENT ELECTRIC, INC. 401(K) PLAN

2012: CURRENT ELECTRIC, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan benefit arrangement – InsuranceYes
2009: CURRENT ELECTRIC, INC. 401(K) PLAN 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 – InsuranceYes
2009-01-01Plan benefit arrangement – InsuranceYes

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