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ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING 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.
  • 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

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

Company Name:ALL SERVICES ELECTRIC INC
Employer identification number (EIN):813528381
NAIC Classification:811110
NAIC Description: Automotive Mechanical and Electrical Repair and Maintenance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01BRITTANY WESTBURY2024-04-18
0012022-01-01BRITTANY WESTBURY2023-03-30
0012021-01-01BRITTANY WESTBURY2022-04-07
0012021-01-01BRITTANY WESTBURY2022-09-21
0012021-01-01BRITTANY WESTBURY2022-09-21
0012020-01-01

Plan Statistics for ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2020: ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2020 401k membership
Total participants, beginning-of-year2020-01-0112
Total number of active participants reported on line 7a of the Form 55002020-01-018
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-010
Total of all active and inactive participants2020-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-018
Number of participants with account balances2020-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2020 : ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$5,942
Expenses. Total of all expenses incurred2020-12-31$13
Benefits paid (including direct rollovers)2020-12-31$0
Total plan assets at end of year2020-12-31$5,929
Total plan assets at beginning of year2020-12-31$0
Value of fidelity bond covering the plan2020-12-31$0
Total contributions received or receivable from participants2020-12-31$2,615
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$734
Net income (gross income less expenses)2020-12-31$5,929
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,929
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$0
Total contributions received or receivable from employer(s)2020-12-31$2,593
Value of certain deemed distributions of participant loans2020-12-31$0
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$13

Form 5500 Responses for ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

2020: ALL SERVICES ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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