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WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 401k Plan overview

Plan NameWESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN
Plan identification number 001

WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 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

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

Company Name:WESTMAAS ELECTRIC COMPANY
Employer identification number (EIN):382270063
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about WESTMAAS ELECTRIC COMPANY

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 130380

More information about WESTMAAS ELECTRIC COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JULIE SCHWARTZ2024-06-25
0012022-01-01JULIE SCHWARTZ2023-07-11
0012021-01-01JULIE SCHWARTZ2022-05-11 JULIE SCHWARTZ2022-05-11
0012020-01-01JULIE SCHWARTZ2021-06-11 JULIE SCHWARTZ2021-06-11
0012019-01-01JULIE SCHWARTZ2020-08-05 JULIE SCHWARTZ2020-08-05
0012018-01-01JULIE SCHWARTZ2019-07-23 JULIE SCHWARTZ2019-07-23
0012017-01-01JULIE DUNTON2018-06-13 JULIE DUNTON2018-06-13
0012016-07-01JULIE DUNTON2017-07-18 JULIE DUNTON2017-07-18
0012015-07-01JULIE DUNTON2017-01-13 JULIE DUNTON2017-01-13
0012014-07-01JULIE SCHWARTZ
0012013-07-01HARVEY WESTMAAS HARVEY WESTMAAS2014-12-08
0012012-07-01HARVEY WESTMAAS
0012011-07-01HARVEY WESTMAAS
0012009-07-01 HARVEY WESTMAAS2011-01-20

Plan Statistics for WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN

401k plan membership statisitcs for WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2014: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-07-0134
Total number of active participants reported on line 7a of the Form 55002014-07-0119
Number of retired or separated participants receiving benefits2014-07-010
Number of other retired or separated participants entitled to future benefits2014-07-0116
Total of all active and inactive participants2014-07-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-07-010
Total participants2014-07-0135
Number of participants with account balances2014-07-0119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-07-017
2013: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-07-0132
Total number of active participants reported on line 7a of the Form 55002013-07-0121
Number of retired or separated participants receiving benefits2013-07-010
Number of other retired or separated participants entitled to future benefits2013-07-0114
Total of all active and inactive participants2013-07-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-07-010
Total participants2013-07-0135
Number of participants with account balances2013-07-0133
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-07-010
2012: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-07-0133
Total number of active participants reported on line 7a of the Form 55002012-07-0118
Number of retired or separated participants receiving benefits2012-07-010
Number of other retired or separated participants entitled to future benefits2012-07-0116
Total of all active and inactive participants2012-07-0134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-07-010
Total participants2012-07-0134
Number of participants with account balances2012-07-0118
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-07-019
2011: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-07-0133
Total number of active participants reported on line 7a of the Form 55002011-07-0117
Number of retired or separated participants receiving benefits2011-07-010
Number of other retired or separated participants entitled to future benefits2011-07-0116
Total of all active and inactive participants2011-07-0133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-07-010
Total participants2011-07-0133
Number of participants with account balances2011-07-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-07-019
2009: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-07-0137
Total number of active participants reported on line 7a of the Form 55002009-07-0124
Number of retired or separated participants receiving benefits2009-07-010
Number of other retired or separated participants entitled to future benefits2009-07-013
Total of all active and inactive participants2009-07-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-07-010
Total participants2009-07-0127
Number of participants with account balances2009-07-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-07-010

Financial Data on WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN

Measure Date Value
2015 : WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-06-30$0
Total income from all sources2015-06-30$105,013
Expenses. Total of all expenses incurred2015-06-30$0
Benefits paid (including direct rollovers)2015-06-30$0
Total plan assets at end of year2015-06-30$1,069,500
Total plan assets at beginning of year2015-06-30$964,487
Value of fidelity bond covering the plan2015-06-30$50,000
Total contributions received or receivable from participants2015-06-30$45,189
Expenses. Other expenses not covered elsewhere2015-06-30$0
Contributions received from other sources (not participants or employers)2015-06-30$37,216
Other income received2015-06-30$22,608
Net income (gross income less expenses)2015-06-30$105,013
Net plan assets at end of year (total assets less liabilities)2015-06-30$1,069,500
Net plan assets at beginning of year (total assets less liabilities)2015-06-30$964,487
Assets. Value of participant loans2015-06-30$28,296
Total contributions received or receivable from employer(s)2015-06-30$0
Value of certain deemed distributions of participant loans2015-06-30$0
Value of corrective distributions2015-06-30$0
2014 : WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-06-30$0
Total income from all sources2014-06-30$184,834
Expenses. Total of all expenses incurred2014-06-30$77,369
Benefits paid (including direct rollovers)2014-06-30$77,299
Total plan assets at end of year2014-06-30$964,487
Total plan assets at beginning of year2014-06-30$857,022
Value of fidelity bond covering the plan2014-06-30$50,000
Total contributions received or receivable from participants2014-06-30$57,489
Expenses. Other expenses not covered elsewhere2014-06-30$70
Contributions received from other sources (not participants or employers)2014-06-30$0
Other income received2014-06-30$127,345
Net income (gross income less expenses)2014-06-30$107,465
Net plan assets at end of year (total assets less liabilities)2014-06-30$964,487
Net plan assets at beginning of year (total assets less liabilities)2014-06-30$857,022
Assets. Value of participant loans2014-06-30$43,780
Total contributions received or receivable from employer(s)2014-06-30$0
Value of certain deemed distributions of participant loans2014-06-30$0
Value of corrective distributions2014-06-30$0
Funding deficiency by the employer to the plan for this plan year2014-06-30$0
Minimum employer required contribution for this plan year2014-06-30$0
Amount contributed by the employer to the plan for this plan year2014-06-30$0
2013 : WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-06-30$0
Total income from all sources2013-06-30$195,417
Expenses. Total of all expenses incurred2013-06-30$280
Benefits paid (including direct rollovers)2013-06-30$0
Total plan assets at end of year2013-06-30$857,022
Total plan assets at beginning of year2013-06-30$661,885
Value of fidelity bond covering the plan2013-06-30$50,000
Total contributions received or receivable from participants2013-06-30$45,594
Expenses. Other expenses not covered elsewhere2013-06-30$280
Contributions received from other sources (not participants or employers)2013-06-30$77,537
Other income received2013-06-30$72,286
Net income (gross income less expenses)2013-06-30$195,137
Net plan assets at end of year (total assets less liabilities)2013-06-30$857,022
Net plan assets at beginning of year (total assets less liabilities)2013-06-30$661,885
Assets. Value of participant loans2013-06-30$72,598
Total contributions received or receivable from employer(s)2013-06-30$0
Value of certain deemed distributions of participant loans2013-06-30$0
Value of corrective distributions2013-06-30$0
2012 : WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2012 401k financial data
Transfers to/from the plan2012-06-30$0
Total income from all sources2012-06-30$42,790
Expenses. Total of all expenses incurred2012-06-30$28,670
Benefits paid (including direct rollovers)2012-06-30$28,670
Total plan assets at end of year2012-06-30$661,885
Total plan assets at beginning of year2012-06-30$647,765
Value of fidelity bond covering the plan2012-06-30$50,000
Total contributions received or receivable from participants2012-06-30$45,314
Expenses. Other expenses not covered elsewhere2012-06-30$0
Contributions received from other sources (not participants or employers)2012-06-30$0
Other income received2012-06-30$-2,524
Net income (gross income less expenses)2012-06-30$14,120
Net plan assets at end of year (total assets less liabilities)2012-06-30$661,885
Net plan assets at beginning of year (total assets less liabilities)2012-06-30$647,765
Assets. Value of participant loans2012-06-30$50,216
Total contributions received or receivable from employer(s)2012-06-30$0
Value of certain deemed distributions of participant loans2012-06-30$0
Value of corrective distributions2012-06-30$0
Funding deficiency by the employer to the plan for this plan year2012-06-30$0
Minimum employer required contribution for this plan year2012-06-30$0
Amount contributed by the employer to the plan for this plan year2012-06-30$0
2011 : WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2011 401k financial data
Transfers to/from the plan2011-06-30$0
Total income from all sources2011-06-30$132,647
Expenses. Total of all expenses incurred2011-06-30$2,675
Benefits paid (including direct rollovers)2011-06-30$2,535
Total plan assets at end of year2011-06-30$647,765
Total plan assets at beginning of year2011-06-30$517,793
Value of fidelity bond covering the plan2011-06-30$50,000
Total contributions received or receivable from participants2011-06-30$34,697
Expenses. Other expenses not covered elsewhere2011-06-30$140
Contributions received from other sources (not participants or employers)2011-06-30$0
Other income received2011-06-30$97,936
Net income (gross income less expenses)2011-06-30$129,972
Net plan assets at end of year (total assets less liabilities)2011-06-30$647,765
Net plan assets at beginning of year (total assets less liabilities)2011-06-30$517,793
Assets. Value of participant loans2011-06-30$91,723
Total contributions received or receivable from employer(s)2011-06-30$14
Value of certain deemed distributions of participant loans2011-06-30$0
Value of corrective distributions2011-06-30$0
Funding deficiency by the employer to the plan for this plan year2011-06-30$0
Minimum employer required contribution for this plan year2011-06-30$0
Amount contributed by the employer to the plan for this plan year2011-06-30$0

Form 5500 Responses for WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN

2014: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2014 form 5500 responses
2014-07-01Type of plan entitySingle employer plan
2014-07-01Submission has been amendedNo
2014-07-01This submission is the final filingNo
2014-07-01This return/report is a short plan year return/report (less than 12 months)No
2014-07-01Plan is a collectively bargained planNo
2014-07-01Plan funding arrangement – InsuranceYes
2014-07-01Plan funding arrangement – TrustYes
2014-07-01Plan benefit arrangement – InsuranceYes
2013: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2013 form 5500 responses
2013-07-01Type of plan entitySingle employer plan
2013-07-01Submission has been amendedNo
2013-07-01This submission is the final filingNo
2013-07-01This return/report is a short plan year return/report (less than 12 months)No
2013-07-01Plan is a collectively bargained planNo
2013-07-01Plan funding arrangement – InsuranceYes
2013-07-01Plan funding arrangement – TrustYes
2013-07-01Plan benefit arrangement – InsuranceYes
2012: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2012 form 5500 responses
2012-07-01Type of plan entitySingle employer plan
2012-07-01Submission has been amendedNo
2012-07-01This submission is the final filingNo
2012-07-01This return/report is a short plan year return/report (less than 12 months)No
2012-07-01Plan is a collectively bargained planNo
2012-07-01Plan funding arrangement – InsuranceYes
2012-07-01Plan funding arrangement – TrustYes
2012-07-01Plan benefit arrangement – InsuranceYes
2011: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2011 form 5500 responses
2011-07-01Type of plan entitySingle employer plan
2011-07-01Submission has been amendedNo
2011-07-01This submission is the final filingNo
2011-07-01This return/report is a short plan year return/report (less than 12 months)No
2011-07-01Plan is a collectively bargained planNo
2011-07-01Plan funding arrangement – InsuranceYes
2011-07-01Plan funding arrangement – TrustYes
2011-07-01Plan benefit arrangement – InsuranceYes
2009: WESTMAAS ELECTRIC COMPANY PROFIT SHARING AND 401(K) PLAN 2009 form 5500 responses
2009-07-01Type of plan entitySingle employer plan
2009-07-01Submission has been amendedNo
2009-07-01This submission is the final filingNo
2009-07-01This return/report is a short plan year return/report (less than 12 months)No
2009-07-01Plan is a collectively bargained planNo
2009-07-01Plan funding arrangement – InsuranceYes
2009-07-01Plan funding arrangement – TrustYes
2009-07-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-025057
Policy instance 1
Insurance contract or identification numberGA-025057
Number of Individuals Covered19
Insurance policy start date2014-07-01
Insurance policy end date2015-06-30
Total amount of commissions paid to insurance brokerUSD $4,654
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,654
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-025057
Policy instance 1
Insurance contract or identification numberGA-025057
Number of Individuals Covered33
Insurance policy start date2013-07-01
Insurance policy end date2014-06-30
Total amount of commissions paid to insurance brokerUSD $4,165
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $4,165
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY INC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-025057
Policy instance 1
Insurance contract or identification numberGA-025057
Number of Individuals Covered18
Insurance policy start date2012-07-01
Insurance policy end date2013-06-30
Total amount of commissions paid to insurance brokerUSD $3,227
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,227
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-025057
Policy instance 1
Insurance contract or identification numberGA-025057
Number of Individuals Covered17
Insurance policy start date2011-07-01
Insurance policy end date2012-06-30
Total amount of commissions paid to insurance brokerUSD $2,733
Total amount of fees paid to insurance companyUSD $26
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-025057
Policy instance 1
Insurance contract or identification numberGA-025057
Number of Individuals Covered35
Insurance policy start date2010-07-01
Insurance policy end date2011-06-30
Total amount of commissions paid to insurance brokerUSD $2,682
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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