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NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameNESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST
Plan identification number 001

NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

NESKO ELECTRIC COMPANY has sponsored the creation of one or more 401k plans.

Company Name:NESKO ELECTRIC COMPANY
Employer identification number (EIN):362559297
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-11-01KAREN BURTON2024-07-15
0012021-11-01KAREN BURTON2023-07-31 KAREN A BURTON2023-07-31
0012020-11-01KAREN BURTON2022-07-14
0012019-11-01KAREN BURTON2021-04-28
0012018-11-01KAREN BURTON2020-05-08
0012017-11-01KAREN BURTON2019-05-29
0012016-11-01KAREN BURTON2018-05-23
0012015-11-01KAREN BURTON2017-05-26
0012014-11-01KAREN BURTON2016-08-12
0012013-11-01KAREN BURTON2015-05-29 KAREN BURTON2015-05-29
0012012-11-01KAREN BURTON2014-07-10 KAREN BURTON2014-07-10
0012011-11-01KAREN BURTON2013-07-12 KAREN BURTON2013-07-12
0012010-11-01KAREN BURTON2012-07-06 KAREN BURTON2012-07-06
0012008-11-01KAREN BURTON

Financial Data on NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Measure Date Value
2025 : NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-161798620
Net assets as of the end of the plan year2025-07-164457621
Total assets as of the beginning of the plan year2025-07-164953491
Value of plan covered by a fidelity bond2025-07-16500000
Participant contributions to plan in this plan year2025-07-16103371
Value of participant loans at end of plan year2025-07-1645132
Other income to plan in this plan year2025-07-161151050
Plan net income in this plan year2025-07-16-495870
Net assets as of the end of the plan year2025-07-164457621
Net assets as of the beginning of the plan year2025-07-164953491
Employer contributions to plan in this plan year2025-07-1648329
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-165342
2009 : NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST 2009 401k financial data
Total income from all sources2009-10-31$486,597
Expenses. Total of all expenses incurred2009-10-31$16,889
Benefits paid (including direct rollovers)2009-10-31$16,847
Total plan assets at end of year2009-10-31$2,724,394
Total plan assets at beginning of year2009-10-31$2,254,686
Value of fidelity bond covering the plan2009-10-31$170,000
Total contributions received or receivable from participants2009-10-31$63,863
Expenses. Other expenses not covered elsewhere2009-10-31$42
Contributions received from other sources (not participants or employers)2009-10-31$34,236
Other income received2009-10-31$222,532
Net income (gross income less expenses)2009-10-31$469,708
Net plan assets at end of year (total assets less liabilities)2009-10-31$2,724,394
Net plan assets at beginning of year (total assets less liabilities)2009-10-31$2,254,686
Total contributions received or receivable from employer(s)2009-10-31$165,966

Form 5500 Responses for NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST

2008: NESKO ELECTRIC CO. SALARIED EMPLOYEES' PROFIT SHARING PLAN AND TRUST 2008 form 5500 responses
2008-11-01Type of plan entitySingle employer plan
2008-11-01Submission has been amendedNo
2008-11-01This submission is the final filingNo
2008-11-01This return/report is a short plan year return/report (less than 12 months)No
2008-11-01Plan is a collectively bargained planNo
2008-11-01Plan funding arrangement – InsuranceYes
2008-11-01Plan funding arrangement – TrustYes
2008-11-01Plan benefit arrangement – InsuranceYes
2008-11-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-41462
Policy instance 1

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