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CROWN ELECTRIC, INC. PROFIT SHARING PLAN 401k Plan overview

Plan NameCROWN ELECTRIC, INC. PROFIT SHARING PLAN
Plan identification number 001

CROWN ELECTRIC, INC. PROFIT SHARING 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.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

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

Company Name:CROWN ELECTRIC, INC.
Employer identification number (EIN):581565458
NAIC Classification:238210
NAIC Description:Electrical Contractors and Other Wiring Installation Contractors

Additional information about CROWN ELECTRIC, INC.

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities
Incorporation Date: 1989-03-20
Company Identification Number: 129615
Legal Registered Office Address: 4185 ALYSSA CT STE 3

IOWA CITY
United States of America (USA)
52240

More information about CROWN ELECTRIC, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CROWN ELECTRIC, INC. PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-04-01
0012021-04-01
0012020-04-01
0012019-04-01
0012018-04-01
0012017-04-01JOE PADGETT
0012016-04-01JOE PADGETT JOE PADGETT2017-05-18
0012015-04-01JULI PIRKLE
0012014-04-01JULI PIRKLE
0012013-04-01JULI PIRKLE
0012012-04-01JOE PADGETT
0012011-04-01JOE PADGETT2012-05-29
0012010-04-01JOE PADGETT2011-11-22

Plan Statistics for CROWN ELECTRIC, INC. PROFIT SHARING PLAN

401k plan membership statisitcs for CROWN ELECTRIC, INC. PROFIT SHARING PLAN

Measure Date Value
2018: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-04-0167
Total number of active participants reported on line 7a of the Form 55002018-04-0156
Number of retired or separated participants receiving benefits2018-04-010
Number of other retired or separated participants entitled to future benefits2018-04-0121
Total of all active and inactive participants2018-04-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-04-010
Total participants2018-04-0177
Number of participants with account balances2018-04-0167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-04-014
2017: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-04-0163
Total number of active participants reported on line 7a of the Form 55002017-04-0153
Number of retired or separated participants receiving benefits2017-04-010
Number of other retired or separated participants entitled to future benefits2017-04-0114
Total of all active and inactive participants2017-04-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-04-010
Total participants2017-04-0167
Number of participants with account balances2017-04-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-04-010
2016: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-04-0153
Total number of active participants reported on line 7a of the Form 55002016-04-0147
Number of retired or separated participants receiving benefits2016-04-010
Number of other retired or separated participants entitled to future benefits2016-04-0116
Total of all active and inactive participants2016-04-0163
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-010
Total participants2016-04-0163
Number of participants with account balances2016-04-0157
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-010
2015: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-04-0144
Total number of active participants reported on line 7a of the Form 55002015-04-0147
Number of retired or separated participants receiving benefits2015-04-010
Number of other retired or separated participants entitled to future benefits2015-04-016
Total of all active and inactive participants2015-04-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-04-010
Total participants2015-04-0153
Number of participants with account balances2015-04-0140
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-04-010
2014: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-04-0148
Total number of active participants reported on line 7a of the Form 55002014-04-0141
Number of retired or separated participants receiving benefits2014-04-010
Number of other retired or separated participants entitled to future benefits2014-04-013
Total of all active and inactive participants2014-04-0144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-04-010
Total participants2014-04-0144
Number of participants with account balances2014-04-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-04-010
2013: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-04-0154
Total number of active participants reported on line 7a of the Form 55002013-04-0143
Number of retired or separated participants receiving benefits2013-04-010
Number of other retired or separated participants entitled to future benefits2013-04-015
Total of all active and inactive participants2013-04-0148
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-04-010
Total participants2013-04-0148
Number of participants with account balances2013-04-0141
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-04-011
2012: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-04-0173
Total number of active participants reported on line 7a of the Form 55002012-04-0142
Number of retired or separated participants receiving benefits2012-04-010
Number of other retired or separated participants entitled to future benefits2012-04-0112
Total of all active and inactive participants2012-04-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-04-010
Total participants2012-04-0154
Number of participants with account balances2012-04-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-04-010

Financial Data on CROWN ELECTRIC, INC. PROFIT SHARING PLAN

Measure Date Value
2019 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2019 401k financial data
Transfers to/from the plan2019-03-31$0
Total plan liabilities at end of year2019-03-31$0
Total plan liabilities at beginning of year2019-03-31$0
Total income from all sources2019-03-31$885,051
Expenses. Total of all expenses incurred2019-03-31$396,271
Benefits paid (including direct rollovers)2019-03-31$368,811
Total plan assets at end of year2019-03-31$8,278,346
Total plan assets at beginning of year2019-03-31$7,789,566
Value of fidelity bond covering the plan2019-03-31$500,000
Total contributions received or receivable from participants2019-03-31$0
Expenses. Other expenses not covered elsewhere2019-03-31$0
Contributions received from other sources (not participants or employers)2019-03-31$0
Other income received2019-03-31$234,742
Noncash contributions received2019-03-31$0
Net income (gross income less expenses)2019-03-31$488,780
Net plan assets at end of year (total assets less liabilities)2019-03-31$8,278,346
Net plan assets at beginning of year (total assets less liabilities)2019-03-31$7,789,566
Total contributions received or receivable from employer(s)2019-03-31$650,309
Value of certain deemed distributions of participant loans2019-03-31$0
Value of corrective distributions2019-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-03-31$27,460
2018 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2018 401k financial data
Transfers to/from the plan2018-03-31$0
Total plan liabilities at end of year2018-03-31$0
Total plan liabilities at beginning of year2018-03-31$0
Total income from all sources2018-03-31$1,162,209
Expenses. Total of all expenses incurred2018-03-31$52,190
Benefits paid (including direct rollovers)2018-03-31$28,358
Total plan assets at end of year2018-03-31$7,789,566
Total plan assets at beginning of year2018-03-31$6,679,547
Value of fidelity bond covering the plan2018-03-31$500,000
Total contributions received or receivable from participants2018-03-31$0
Expenses. Other expenses not covered elsewhere2018-03-31$0
Contributions received from other sources (not participants or employers)2018-03-31$0
Other income received2018-03-31$595,206
Noncash contributions received2018-03-31$0
Net income (gross income less expenses)2018-03-31$1,110,019
Net plan assets at end of year (total assets less liabilities)2018-03-31$7,789,566
Net plan assets at beginning of year (total assets less liabilities)2018-03-31$6,679,547
Total contributions received or receivable from employer(s)2018-03-31$567,003
Value of certain deemed distributions of participant loans2018-03-31$0
Value of corrective distributions2018-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-03-31$23,832
2017 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-03-31$0
Total plan liabilities at end of year2017-03-31$0
Total plan liabilities at beginning of year2017-03-31$0
Total income from all sources2017-03-31$1,034,608
Expenses. Total of all expenses incurred2017-03-31$101,801
Benefits paid (including direct rollovers)2017-03-31$86,632
Total plan assets at end of year2017-03-31$6,679,547
Total plan assets at beginning of year2017-03-31$5,746,740
Value of fidelity bond covering the plan2017-03-31$500,000
Total contributions received or receivable from participants2017-03-31$0
Expenses. Other expenses not covered elsewhere2017-03-31$0
Contributions received from other sources (not participants or employers)2017-03-31$0
Other income received2017-03-31$489,809
Noncash contributions received2017-03-31$0
Net income (gross income less expenses)2017-03-31$932,807
Net plan assets at end of year (total assets less liabilities)2017-03-31$6,679,547
Net plan assets at beginning of year (total assets less liabilities)2017-03-31$5,746,740
Total contributions received or receivable from employer(s)2017-03-31$544,799
Value of certain deemed distributions of participant loans2017-03-31$0
Value of corrective distributions2017-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-03-31$15,169
2016 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-03-31$0
Total plan liabilities at end of year2016-03-31$0
Total plan liabilities at beginning of year2016-03-31$0
Total income from all sources2016-03-31$446,230
Expenses. Total of all expenses incurred2016-03-31$750,354
Benefits paid (including direct rollovers)2016-03-31$736,099
Total plan assets at end of year2016-03-31$5,746,740
Total plan assets at beginning of year2016-03-31$6,050,864
Value of fidelity bond covering the plan2016-03-31$500,000
Total contributions received or receivable from participants2016-03-31$0
Expenses. Other expenses not covered elsewhere2016-03-31$0
Contributions received from other sources (not participants or employers)2016-03-31$0
Other income received2016-03-31$-27,171
Noncash contributions received2016-03-31$0
Net income (gross income less expenses)2016-03-31$-304,124
Net plan assets at end of year (total assets less liabilities)2016-03-31$5,746,740
Net plan assets at beginning of year (total assets less liabilities)2016-03-31$6,050,864
Total contributions received or receivable from employer(s)2016-03-31$473,401
Value of certain deemed distributions of participant loans2016-03-31$0
Value of corrective distributions2016-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-03-31$14,255
2015 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2015 401k financial data
Transfers to/from the plan2015-03-31$0
Total plan liabilities at end of year2015-03-31$0
Total plan liabilities at beginning of year2015-03-31$0
Total income from all sources2015-03-31$692,918
Expenses. Total of all expenses incurred2015-03-31$322,963
Benefits paid (including direct rollovers)2015-03-31$308,412
Total plan assets at end of year2015-03-31$6,050,864
Total plan assets at beginning of year2015-03-31$5,680,909
Value of fidelity bond covering the plan2015-03-31$500,000
Total contributions received or receivable from participants2015-03-31$0
Expenses. Other expenses not covered elsewhere2015-03-31$0
Contributions received from other sources (not participants or employers)2015-03-31$0
Other income received2015-03-31$232,527
Noncash contributions received2015-03-31$0
Net income (gross income less expenses)2015-03-31$369,955
Net plan assets at end of year (total assets less liabilities)2015-03-31$6,050,864
Net plan assets at beginning of year (total assets less liabilities)2015-03-31$5,680,909
Total contributions received or receivable from employer(s)2015-03-31$460,391
Value of certain deemed distributions of participant loans2015-03-31$0
Value of corrective distributions2015-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-03-31$14,551
2014 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2014 401k financial data
Transfers to/from the plan2014-03-31$0
Total plan liabilities at end of year2014-03-31$0
Total income from all sources2014-03-31$654,336
Expenses. Total of all expenses incurred2014-03-31$127,799
Benefits paid (including direct rollovers)2014-03-31$114,672
Total plan assets at end of year2014-03-31$5,680,909
Total plan assets at beginning of year2014-03-31$5,154,372
Value of fidelity bond covering the plan2014-03-31$500,000
Total contributions received or receivable from participants2014-03-31$0
Expenses. Other expenses not covered elsewhere2014-03-31$0
Contributions received from other sources (not participants or employers)2014-03-31$0
Other income received2014-03-31$333,290
Noncash contributions received2014-03-31$0
Net income (gross income less expenses)2014-03-31$526,537
Net plan assets at end of year (total assets less liabilities)2014-03-31$5,680,909
Net plan assets at beginning of year (total assets less liabilities)2014-03-31$5,154,372
Total contributions received or receivable from employer(s)2014-03-31$321,046
Value of certain deemed distributions of participant loans2014-03-31$0
Value of corrective distributions2014-03-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-03-31$13,127
2013 : CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-03-31$586,831
Expenses. Total of all expenses incurred2013-03-31$51,198
Benefits paid (including direct rollovers)2013-03-31$47,063
Total plan assets at end of year2013-03-31$5,154,372
Total plan assets at beginning of year2013-03-31$4,618,739
Value of fidelity bond covering the plan2013-03-31$500,000
Other income received2013-03-31$222,452
Net income (gross income less expenses)2013-03-31$535,633
Net plan assets at end of year (total assets less liabilities)2013-03-31$5,154,372
Net plan assets at beginning of year (total assets less liabilities)2013-03-31$4,618,739
Total contributions received or receivable from employer(s)2013-03-31$364,379
Expenses. Administrative service providers (salaries,fees and commissions)2013-03-31$4,135
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-03-31$0

Form 5500 Responses for CROWN ELECTRIC, INC. PROFIT SHARING PLAN

2018: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2018 form 5500 responses
2018-04-01Type of plan entitySingle employer plan
2018-04-01Submission has been amendedNo
2018-04-01This submission is the final filingNo
2018-04-01This return/report is a short plan year return/report (less than 12 months)No
2018-04-01Plan is a collectively bargained planNo
2018-04-01Plan funding arrangement – TrustYes
2018-04-01Plan benefit arrangement - TrustYes
2017: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2017 form 5500 responses
2017-04-01Type of plan entitySingle employer plan
2017-04-01Submission has been amendedNo
2017-04-01This submission is the final filingNo
2017-04-01This return/report is a short plan year return/report (less than 12 months)No
2017-04-01Plan is a collectively bargained planNo
2017-04-01Plan funding arrangement – TrustYes
2017-04-01Plan benefit arrangement - TrustYes
2016: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2016 form 5500 responses
2016-04-01Type of plan entitySingle employer plan
2016-04-01Submission has been amendedNo
2016-04-01This submission is the final filingNo
2016-04-01This return/report is a short plan year return/report (less than 12 months)No
2016-04-01Plan is a collectively bargained planNo
2016-04-01Plan funding arrangement – TrustYes
2016-04-01Plan benefit arrangement - TrustYes
2015: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2015 form 5500 responses
2015-04-01Type of plan entitySingle employer plan
2015-04-01Submission has been amendedNo
2015-04-01This submission is the final filingNo
2015-04-01This return/report is a short plan year return/report (less than 12 months)No
2015-04-01Plan is a collectively bargained planNo
2015-04-01Plan funding arrangement – TrustYes
2015-04-01Plan benefit arrangement - TrustYes
2014: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2014 form 5500 responses
2014-04-01Type of plan entitySingle employer plan
2014-04-01Submission has been amendedNo
2014-04-01This submission is the final filingNo
2014-04-01This return/report is a short plan year return/report (less than 12 months)No
2014-04-01Plan is a collectively bargained planNo
2014-04-01Plan funding arrangement – TrustYes
2014-04-01Plan benefit arrangement - TrustYes
2013: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2013 form 5500 responses
2013-04-01Type of plan entitySingle employer plan
2013-04-01Submission has been amendedNo
2013-04-01This submission is the final filingNo
2013-04-01This return/report is a short plan year return/report (less than 12 months)No
2013-04-01Plan is a collectively bargained planNo
2013-04-01Plan funding arrangement – TrustYes
2013-04-01Plan benefit arrangement - TrustYes
2012: CROWN ELECTRIC, INC. PROFIT SHARING PLAN 2012 form 5500 responses
2012-04-01Type of plan entitySingle employer plan
2012-04-01Submission has been amendedNo
2012-04-01This submission is the final filingNo
2012-04-01This return/report is a short plan year return/report (less than 12 months)No
2012-04-01Plan funding arrangement – InsuranceYes
2012-04-01Plan funding arrangement – TrustYes
2012-04-01Plan benefit arrangement – InsuranceYes
2012-04-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

TRANSAMERICA LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 86231 )
Policy contract number996001-000
Policy instance 1
Insurance contract or identification number996001-000
Number of Individuals Covered0
Insurance policy start date2012-04-01
Insurance policy end date2012-09-30
Total amount of commissions paid to insurance brokerUSD $5,721
Total amount of fees paid to insurance companyUSD $0
Commission paid to Insurance BrokerUSD $5,721
Insurance broker organization code?3
Insurance broker nameBROAD STREET CAPITAL ADVISORS LLC

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