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LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameLACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN
Plan identification number 001

LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.
  • Other welfare benefit cover

401k Sponsoring company profile

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

Company Name:LACONIA ELECTRIC SUPPLY, INC.
Employer identification number (EIN):020277415
NAIC Classification:423600

Additional information about LACONIA ELECTRIC SUPPLY, INC.

Jurisdiction of Incorporation: Vermont Secretary of State Corporations Division
Incorporation Date: 1997-10-06
Company Identification Number: 68779
Legal Registered Office Address: 400 CORNERSTONE DR #240

WILLISTON
United States of America (USA)
05495

More information about LACONIA ELECTRIC SUPPLY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01LACONIA ELECTRIC SUPPLY, INC.2013-12-31
0012012-01-01LACONIA ELECTRIC SUPPLY, INC.
0012011-01-01LAURA CAMERON2012-05-31 LAURA CAMERON2012-05-31
0012010-01-01LAURA CAMERON LAURA CAMERON2011-07-08
0012009-01-01LAURA CAMERON LAURA CAMERON2010-09-13

Plan Statistics for LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2012: LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0132
Total number of active participants reported on line 7a of the Form 55002012-01-015
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0118
Total of all active and inactive participants2012-01-0123
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0123
Number of participants with account balances2012-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2010: LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0136
Total number of active participants reported on line 7a of the Form 55002010-01-0127
Number of other retired or separated participants entitled to future benefits2010-01-016
Total of all active and inactive participants2010-01-0133
Total participants2010-01-0133
Number of participants with account balances2010-01-0125
2009: LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0130
Total number of active participants reported on line 7a of the Form 55002009-01-0124
Number of other retired or separated participants entitled to future benefits2009-01-015
Total of all active and inactive participants2009-01-0129
Total participants2009-01-0129
Number of participants with account balances2009-01-0129

Financial Data on LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN

Measure Date Value
2012 : LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-12-31$0
Total plan liabilities at end of year2012-12-31$0
Total plan liabilities at beginning of year2012-12-31$0
Total income from all sources2012-12-31$-16,114
Expenses. Total of all expenses incurred2012-12-31$30,534
Benefits paid (including direct rollovers)2012-12-31$29,254
Total plan assets at end of year2012-12-31$1,156,032
Total plan assets at beginning of year2012-12-31$1,202,680
Value of fidelity bond covering the plan2012-12-31$0
Total contributions received or receivable from participants2012-12-31$8,866
Expenses. Other expenses not covered elsewhere2012-12-31$0
Contributions received from other sources (not participants or employers)2012-12-31$0
Other income received2012-12-31$-24,980
Net income (gross income less expenses)2012-12-31$-46,648
Net plan assets at end of year (total assets less liabilities)2012-12-31$1,156,032
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$1,202,680
Assets. Value of participant loans2012-12-31$4,220
Total contributions received or receivable from employer(s)2012-12-31$0
Value of certain deemed distributions of participant loans2012-12-31$0
Value of corrective distributions2012-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,280
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
2010 : LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 2010 401k financial data
Total income from all sources2010-12-31$81,005
Expenses. Total of all expenses incurred2010-12-31$58,213
Benefits paid (including direct rollovers)2010-12-31$58,213
Total plan assets at end of year2010-12-31$1,231,107
Total plan assets at beginning of year2010-12-31$1,208,315
Value of fidelity bond covering the plan2010-12-31$100,000
Total contributions received or receivable from participants2010-12-31$22,485
Other income received2010-12-31$58,520
Net income (gross income less expenses)2010-12-31$22,792
Net plan assets at end of year (total assets less liabilities)2010-12-31$1,231,107
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$1,208,315
Assets. Value of participant loans2010-12-31$7,211

Form 5500 Responses for LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN

2012: LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2010: LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 401(K) PLAN 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 – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: LACONIA ELECTRIC SUPPLY, INC. PROFIT SHARING 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 funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

UNION CENTRAL LIFE INSURANCE CO. (National Association of Insurance Commissioners NAIC id number: 80837 )
Policy contract numberE79 2731
Policy instance 1
Insurance contract or identification numberE79 2731
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $9,610
Total amount of fees paid to insurance companyUSD $25
Commission paid to Insurance BrokerUSD $9,610
Amount paid for insurance broker fees25
Insurance broker organization code?3
Insurance broker nameMARK KRUPKOWSKI

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