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PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 401k Plan overview

Plan NamePEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN
Plan identification number 001

PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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 sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PEDERNALES ELECTRIC COOPERATIVE INC. has sponsored the creation of one or more 401k plans.

Company Name:PEDERNALES ELECTRIC COOPERATIVE INC.
Employer identification number (EIN):740828412
NAIC Classification:424700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01ADRIENNE ALCAZAR
0012023-01-01
0012023-01-01RACHAEL SMITH
0012022-01-01
0012022-01-01RACHAEL SMITH
0012021-01-01
0012021-01-01
0012021-01-01RACHAEL SMITH
0012020-01-01
0012019-01-01
0012018-01-01
0012018-01-01
0012017-01-01CYNTHIA ARMSTRONG CYNTHIA ARMSTRONG2018-10-09
0012016-01-01CYNTHIA ARMSTRONG
0012015-01-01CYNTHIA ARMSTRONG CYNTHIA ARMSTRONG2016-09-27
0012014-01-01BRENDA SNIDER BRENDA SNIDER2015-09-18
0012013-01-01BRENDA SNIDER
0012012-01-01AISHA HAGEN
0012011-01-01AISHA NAWAZ HAGEN
0012009-01-01PAMELA ANDERSON THERESA M. OWENS2010-10-01

Plan Statistics for PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN

401k plan membership statisitcs for PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN

Measure Date Value
2023: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01698
Total number of active participants reported on line 7a of the Form 55002023-01-01169
Number of retired or separated participants receiving benefits2023-01-01369
Number of other retired or separated participants entitled to future benefits2023-01-0199
Total of all active and inactive participants2023-01-01637
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-0155
Total participants2023-01-01692
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2022 401k membership
Market value of plan assets2022-12-31280,393,615
Acturial value of plan assets2022-12-31266,877,913
Funding target for retired participants and beneficiaries receiving payment2022-12-31125,060,857
Number of terminated vested participants2022-12-31121
Fundng target for terminated vested participants2022-12-3111,693,019
Active participant vested funding target2022-12-3165,732,250
Number of active participants2022-12-31200
Total funding liabilities for active participants2022-12-3175,543,012
Total participant count2022-12-31721
Total funding target for all participants2022-12-31212,296,888
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-316,466,529
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-316,789,855
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-315,670,645
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-315,181,933
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-315,670,645
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-315,181,933
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01712
Total number of active participants reported on line 7a of the Form 55002022-01-01183
Number of retired or separated participants receiving benefits2022-01-01355
Number of other retired or separated participants entitled to future benefits2022-01-01108
Total of all active and inactive participants2022-01-01646
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0152
Total participants2022-01-01698
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2021 401k membership
Market value of plan assets2021-12-31261,144,052
Acturial value of plan assets2021-12-31235,939,899
Funding target for retired participants and beneficiaries receiving payment2021-12-31121,080,675
Number of terminated vested participants2021-12-31124
Fundng target for terminated vested participants2021-12-3112,965,808
Active participant vested funding target2021-12-3170,906,113
Number of active participants2021-12-31220
Total funding liabilities for active participants2021-12-3180,837,715
Total participant count2021-12-31725
Total funding target for all participants2021-12-31214,884,198
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-315,922,689
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-316,244,291
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-317,026,225
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-316,466,529
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-317,026,225
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-316,466,529
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01715
Total number of active participants reported on line 7a of the Form 55002021-01-01200
Number of retired or separated participants receiving benefits2021-01-01343
Number of other retired or separated participants entitled to future benefits2021-01-01114
Total of all active and inactive participants2021-01-01657
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0155
Total participants2021-01-01712
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2020 401k membership
Market value of plan assets2020-12-31229,212,075
Acturial value of plan assets2020-12-31216,731,845
Funding target for retired participants and beneficiaries receiving payment2020-12-31108,369,661
Number of terminated vested participants2020-12-31127
Fundng target for terminated vested participants2020-12-3112,366,314
Active participant vested funding target2020-12-3166,709,030
Number of active participants2020-12-31245
Total funding liabilities for active participants2020-12-3175,842,421
Total participant count2020-12-31728
Total funding target for all participants2020-12-31196,578,396
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-315,815,092
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-316,140,156
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-316,480,217
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-315,922,689
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-316,480,217
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-315,922,689
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-01720
Total number of active participants reported on line 7a of the Form 55002020-01-01220
Number of retired or separated participants receiving benefits2020-01-01333
Number of other retired or separated participants entitled to future benefits2020-01-01116
Total of all active and inactive participants2020-01-01669
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0146
Total participants2020-01-01715
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2019 401k membership
Market value of plan assets2019-12-31189,749,109
Acturial value of plan assets2019-12-31200,665,027
Funding target for retired participants and beneficiaries receiving payment2019-12-31103,488,363
Number of terminated vested participants2019-12-31127
Fundng target for terminated vested participants2019-12-3111,769,006
Active participant vested funding target2019-12-3160,078,403
Number of active participants2019-12-31262
Total funding liabilities for active participants2019-12-3168,796,091
Total participant count2019-12-31729
Total funding target for all participants2019-12-31184,053,460
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-316,399,883
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-316,767,876
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-316,376,367
Total employee contributions2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-315,815,092
Unpaid minimum required contributions for all prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-316,376,367
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-315,815,092
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
Total participants, beginning-of-year2019-01-01721
Total number of active participants reported on line 7a of the Form 55002019-01-01245
Number of retired or separated participants receiving benefits2019-01-01313
Number of other retired or separated participants entitled to future benefits2019-01-01120
Total of all active and inactive participants2019-01-01678
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0142
Total participants2019-01-01720
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2018 401k membership
Market value of plan assets2018-12-31203,507,157
Acturial value of plan assets2018-12-31192,372,524
Funding target for retired participants and beneficiaries receiving payment2018-12-3195,089,223
Number of terminated vested participants2018-12-31130
Fundng target for terminated vested participants2018-12-319,846,084
Active participant vested funding target2018-12-3154,674,387
Number of active participants2018-12-31279
Total funding liabilities for active participants2018-12-3162,529,135
Total participant count2018-12-31736
Total funding target for all participants2018-12-31167,464,442
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-315,687,571
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-316,025,981
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-317,037,451
Total employee contributions2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-316,399,883
Unpaid minimum required contributions for all prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-317,037,451
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-316,399,883
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-01878
Total number of active participants reported on line 7a of the Form 55002018-01-01791
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01151
Total of all active and inactive participants2018-01-01942
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01943
Number of participants with account balances2018-01-01846
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0111
2017: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2017 401k membership
Market value of plan assets2017-12-31178,276,712
Acturial value of plan assets2017-12-31181,296,203
Funding target for retired participants and beneficiaries receiving payment2017-12-3190,145,027
Number of terminated vested participants2017-12-31123
Fundng target for terminated vested participants2017-12-318,468,281
Active participant vested funding target2017-12-3149,664,701
Number of active participants2017-12-31303
Total funding liabilities for active participants2017-12-3157,186,851
Total participant count2017-12-31737
Total funding target for all participants2017-12-31155,800,159
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-318,128,912
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-318,628,027
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-316,277,802
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-315,687,571
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-316,277,802
Net shortfall amortization installment of oustanding balance2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-315,687,571
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-01728
Total number of active participants reported on line 7a of the Form 55002017-01-01281
Number of retired or separated participants receiving benefits2017-01-01287
Number of other retired or separated participants entitled to future benefits2017-01-01120
Total of all active and inactive participants2017-01-01688
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0139
Total participants2017-01-01727
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2016 401k membership
Market value of plan assets2016-12-31165,472,028
Acturial value of plan assets2016-12-31173,959,715
Funding target for retired participants and beneficiaries receiving payment2016-12-3185,443,694
Number of terminated vested participants2016-12-31118
Fundng target for terminated vested participants2016-12-316,739,322
Active participant vested funding target2016-12-3146,043,813
Number of active participants2016-12-31325
Total funding liabilities for active participants2016-12-3153,166,417
Total participant count2016-12-31743
Total funding target for all participants2016-12-31145,349,433
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-318,644,387
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-319,191,577
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-319,000,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-318,128,912
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-315,811,389
Net shortfall amortization installment of oustanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-318,128,912
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-01736
Total number of active participants reported on line 7a of the Form 55002016-01-01305
Number of retired or separated participants receiving benefits2016-01-01275
Number of other retired or separated participants entitled to future benefits2016-01-01115
Total of all active and inactive participants2016-01-01695
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0133
Total participants2016-01-01728
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01739
Total number of active participants reported on line 7a of the Form 55002015-01-01327
Number of retired or separated participants receiving benefits2015-01-01261
Number of other retired or separated participants entitled to future benefits2015-01-01110
Total of all active and inactive participants2015-01-01698
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-0138
Total participants2015-01-01736
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01748
Total number of active participants reported on line 7a of the Form 55002014-01-01354
Number of retired or separated participants receiving benefits2014-01-01249
Number of other retired or separated participants entitled to future benefits2014-01-0199
Total of all active and inactive participants2014-01-01702
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-0137
Total participants2014-01-01739
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01748
Total number of active participants reported on line 7a of the Form 55002013-01-01368
Number of retired or separated participants receiving benefits2013-01-01245
Number of other retired or separated participants entitled to future benefits2013-01-0194
Total of all active and inactive participants2013-01-01707
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-0141
Total participants2013-01-01748
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01751
Total number of active participants reported on line 7a of the Form 55002012-01-01382
Number of retired or separated participants receiving benefits2012-01-01242
Number of other retired or separated participants entitled to future benefits2012-01-0185
Total of all active and inactive participants2012-01-01709
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-0139
Total participants2012-01-01748
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01758
Total number of active participants reported on line 7a of the Form 55002011-01-01460
Number of retired or separated participants receiving benefits2011-01-01183
Number of other retired or separated participants entitled to future benefits2011-01-0178
Total of all active and inactive participants2011-01-01721
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-0130
Total participants2011-01-01751
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01777
Total number of active participants reported on line 7a of the Form 55002009-01-01508
Number of retired or separated participants receiving benefits2009-01-01148
Number of other retired or separated participants entitled to future benefits2009-01-0181
Total of all active and inactive participants2009-01-01737
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0127
Total participants2009-01-01764
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-013

Financial Data on PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN

Measure Date Value
2023 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$29,286,017
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$11,695,721
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$11,478,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$6,004,588
Value of total assets at end of year2023-12-31$238,936,299
Value of total assets at beginning of year2023-12-31$221,346,003
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$217,052
Total interest from all sources2023-12-31$6,112,275
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$1,086,928
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$1,086,928
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Assets. Other investments not covered elsewhere at end of year2023-12-31$4,835,390
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$1,821,087
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$1,597,766
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$1,502,338
Total non interest bearing cash at end of year2023-12-31$265,000
Total non interest bearing cash at beginning of year2023-12-31$265,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$17,590,296
Value of net assets at end of year (total assets less liabilities)2023-12-31$238,936,299
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$221,346,003
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$48,750
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$75,826,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$71,578,720
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$1,852,964
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$2,169,123
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$2,169,123
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$6,112,275
Asset value of US Government securities at end of year2023-12-31$25,461,198
Asset value of US Government securities at beginning of year2023-12-31$20,091,627
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$16,082,226
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$6,004,588
Employer contributions (assets) at end of year2023-12-31$6,004,588
Employer contributions (assets) at beginning of year2023-12-31$5,670,645
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$11,478,669
Asset. Corporate debt instrument debt (other) at end of year2023-12-31$123,092,401
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$118,247,463
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CROWE LLP
Accountancy firm EIN2023-12-31350921680
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$29,286,017
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$11,695,721
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$11,478,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$6,004,588
Value of total assets at end of year2023-01-01$238,936,299
Value of total assets at beginning of year2023-01-01$221,346,003
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$217,052
Total interest from all sources2023-01-01$6,112,275
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$1,086,928
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$1,086,928
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$500,000
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Assets. Other investments not covered elsewhere at end of year2023-01-01$4,835,390
Assets. Other investments not covered elsewhere at beginning of year2023-01-01$1,821,087
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$1,597,766
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$1,502,338
Total non interest bearing cash at end of year2023-01-01$265,000
Total non interest bearing cash at beginning of year2023-01-01$265,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$17,590,296
Value of net assets at end of year (total assets less liabilities)2023-01-01$238,936,299
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$221,346,003
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Investment advisory and management fees2023-01-01$48,750
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$75,826,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$71,578,720
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$1,852,964
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-01-01$6,112,275
Asset value of US Government securities at end of year2023-01-01$25,461,198
Asset value of US Government securities at beginning of year2023-01-01$20,091,627
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$16,082,226
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$6,004,588
Employer contributions (assets) at end of year2023-01-01$6,004,588
Employer contributions (assets) at beginning of year2023-01-01$5,670,645
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$11,478,669
Asset. Corporate debt instrument debt (other) at end of year2023-01-01$123,092,401
Asset. Corporate debt instrument debt (other) at beginning of year2023-01-01$118,247,463
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01CROWE LLP
Accountancy firm EIN2023-01-01350921680
2022 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-48,232,048
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$11,051,935
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$10,825,377
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$5,670,645
Value of total assets at end of year2022-12-31$221,346,003
Value of total assets at beginning of year2022-12-31$280,629,986
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$226,558
Total interest from all sources2022-12-31$5,213,547
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$885,872
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$885,872
Administrative expenses professional fees incurred2022-12-31$161,558
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Assets. Other investments not covered elsewhere at end of year2022-12-31$1,821,087
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$9,217,382
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$1,502,338
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$971,361
Total non interest bearing cash at end of year2022-12-31$265,000
Total non interest bearing cash at beginning of year2022-12-31$276,727
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-59,283,983
Value of net assets at end of year (total assets less liabilities)2022-12-31$221,346,003
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$280,629,986
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$65,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$71,578,720
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$124,158,086
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,169,123
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$4,873,484
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$4,873,484
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$5,213,547
Asset value of US Government securities at end of year2022-12-31$20,091,627
Asset value of US Government securities at beginning of year2022-12-31$25,447,800
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-60,002,112
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$5,670,645
Employer contributions (assets) at end of year2022-12-31$5,670,645
Employer contributions (assets) at beginning of year2022-12-31$7,026,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$10,825,377
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$118,247,463
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$108,658,921
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CROWE LLP
Accountancy firm EIN2022-12-31350921680
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-48,232,048
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$11,051,935
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$10,825,377
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$5,670,645
Value of total assets at end of year2022-01-01$221,346,003
Value of total assets at beginning of year2022-01-01$280,629,986
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$226,558
Total interest from all sources2022-01-01$5,213,547
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$885,872
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$885,872
Administrative expenses professional fees incurred2022-01-01$161,558
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$500,000
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Assets. Other investments not covered elsewhere at end of year2022-01-01$1,821,087
Assets. Other investments not covered elsewhere at beginning of year2022-01-01$9,217,382
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$1,502,338
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$971,361
Total non interest bearing cash at end of year2022-01-01$265,000
Total non interest bearing cash at beginning of year2022-01-01$276,727
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-59,283,983
Value of net assets at end of year (total assets less liabilities)2022-01-01$221,346,003
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$280,629,986
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Investment advisory and management fees2022-01-01$65,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$71,578,720
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$124,158,086
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-01-01$2,169,123
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-01-01$5,213,547
Asset value of US Government securities at end of year2022-01-01$20,091,627
Asset value of US Government securities at beginning of year2022-01-01$25,447,800
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-60,002,112
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$5,670,645
Employer contributions (assets) at end of year2022-01-01$5,670,645
Employer contributions (assets) at beginning of year2022-01-01$7,026,225
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$10,825,377
Asset. Corporate debt instrument debt (other) at end of year2022-01-01$118,247,463
Asset. Corporate debt instrument debt (other) at beginning of year2022-01-01$108,658,921
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01CROWE LLP
Accountancy firm EIN2022-01-01350921680
2021 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2021 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$-2,065,755
Total unrealized appreciation/depreciation of assets2021-12-31$-2,065,755
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$29,949,308
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$10,699,301
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$10,464,248
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$7,026,225
Value of total assets at end of year2021-12-31$280,629,985
Value of total assets at beginning of year2021-12-31$261,379,978
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$235,053
Total interest from all sources2021-12-31$3,529,630
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,253,404
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$1,253,404
Administrative expenses professional fees incurred2021-12-31$170,053
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Assets. Other investments not covered elsewhere at end of year2021-12-31$9,217,383
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$10,415,071
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$971,361
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$859,712
Other income not declared elsewhere2021-12-31$-204,177
Total non interest bearing cash at end of year2021-12-31$265,000
Total non interest bearing cash at beginning of year2021-12-31$265,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$19,250,007
Value of net assets at end of year (total assets less liabilities)2021-12-31$280,629,985
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$261,379,978
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$65,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$124,158,086
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$133,536,783
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$4,885,211
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$4,707,870
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$4,707,870
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$3,529,630
Asset value of US Government securities at end of year2021-12-31$25,447,800
Asset value of US Government securities at beginning of year2021-12-31$14,462,460
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$20,409,981
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$7,026,225
Employer contributions (assets) at end of year2021-12-31$7,026,225
Employer contributions (assets) at beginning of year2021-12-31$6,480,217
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$10,464,248
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$108,658,919
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$90,652,865
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$0
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2021-12-31741769118
2020 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$19,454,000
Total unrealized appreciation/depreciation of assets2020-12-31$19,454,000
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$42,452,604
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$10,520,913
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$9,801,985
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$6,480,217
Value of total assets at end of year2020-12-31$261,379,978
Value of total assets at beginning of year2020-12-31$229,448,287
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$718,928
Total interest from all sources2020-12-31$5,618,588
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,609,986
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$1,609,986
Administrative expenses professional fees incurred2020-12-31$194,595
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Assets. Other investments not covered elsewhere at end of year2020-12-31$10,415,071
Assets. Other investments not covered elsewhere at beginning of year2020-12-31$12,336,728
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$859,712
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$890,538
Other income not declared elsewhere2020-12-31$-836,014
Total non interest bearing cash at end of year2020-12-31$265,000
Total non interest bearing cash at beginning of year2020-12-31$200,000
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$31,931,691
Value of net assets at end of year (total assets less liabilities)2020-12-31$261,379,978
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$229,448,287
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$524,333
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$133,536,783
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$111,754,338
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$4,707,870
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,817,039
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,817,039
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$5,618,588
Asset value of US Government securities at end of year2020-12-31$14,462,460
Asset value of US Government securities at beginning of year2020-12-31$18,430,441
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$10,125,827
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31Yes
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$6,480,217
Employer contributions (assets) at end of year2020-12-31$6,480,217
Employer contributions (assets) at beginning of year2020-12-31$6,376,367
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$9,801,985
Asset. Corporate debt instrument debt (other) at end of year2020-12-31$90,652,865
Asset. Corporate debt instrument debt (other) at beginning of year2020-12-31$77,642,836
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BRIGGS & VESELKA CO,
Accountancy firm EIN2020-12-31741769118
2019 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$33,529,462
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$33,529,462
Total unrealized appreciation/depreciation of assets2019-12-31$33,529,462
Total unrealized appreciation/depreciation of assets2019-12-31$33,529,462
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$48,511,226
Total income from all sources (including contributions)2019-12-31$48,511,226
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$9,081,623
Total of all expenses incurred2019-12-31$9,081,623
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$8,713,566
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$8,713,566
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,376,367
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,376,367
Value of total assets at end of year2019-12-31$229,448,287
Value of total assets at end of year2019-12-31$229,448,287
Value of total assets at beginning of year2019-12-31$190,018,684
Value of total assets at beginning of year2019-12-31$190,018,684
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$368,057
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$368,057
Total interest from all sources2019-12-31$3,521,920
Total interest from all sources2019-12-31$3,521,920
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,471,262
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,471,262
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,471,262
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,471,262
Administrative expenses professional fees incurred2019-12-31$193,097
Administrative expenses professional fees incurred2019-12-31$193,097
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Assets. Other investments not covered elsewhere at end of year2019-12-31$12,336,728
Assets. Other investments not covered elsewhere at end of year2019-12-31$12,336,728
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$20,258,459
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$20,258,459
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$890,538
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$890,538
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$956,313
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$956,313
Other income not declared elsewhere2019-12-31$-1,907,629
Other income not declared elsewhere2019-12-31$-1,907,629
Total non interest bearing cash at end of year2019-12-31$200,000
Total non interest bearing cash at end of year2019-12-31$200,000
Total non interest bearing cash at beginning of year2019-12-31$201,941
Total non interest bearing cash at beginning of year2019-12-31$201,941
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$39,429,603
Value of net income/loss2019-12-31$39,429,603
Value of net assets at end of year (total assets less liabilities)2019-12-31$229,448,287
Value of net assets at end of year (total assets less liabilities)2019-12-31$229,448,287
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$190,018,684
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$190,018,684
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$174,960
Investment advisory and management fees2019-12-31$174,960
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$111,754,338
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$111,754,338
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$77,244,669
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$77,244,669
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,817,039
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,817,039
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$2,984,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$2,984,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$2,984,460
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$2,984,460
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$3,521,920
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$3,521,920
Asset value of US Government securities at end of year2019-12-31$18,430,441
Asset value of US Government securities at end of year2019-12-31$18,430,441
Asset value of US Government securities at beginning of year2019-12-31$11,975,021
Asset value of US Government securities at beginning of year2019-12-31$11,975,021
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$5,519,844
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$5,519,844
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$6,376,367
Contributions received in cash from employer2019-12-31$6,376,367
Employer contributions (assets) at end of year2019-12-31$6,376,367
Employer contributions (assets) at end of year2019-12-31$6,376,367
Employer contributions (assets) at beginning of year2019-12-31$7,037,451
Employer contributions (assets) at beginning of year2019-12-31$7,037,451
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$8,713,566
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$8,713,566
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$77,642,836
Asset. Corporate debt instrument debt (other) at end of year2019-12-31$77,642,836
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$69,360,370
Asset. Corporate debt instrument debt (other) at beginning of year2019-12-31$69,360,370
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate proceeds on sale of assets2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BRIGGS & VESELKA CO.
Accountancy firm name2019-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2019-12-31741769118
2018 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$-4,553,030
Total unrealized appreciation/depreciation of assets2018-12-31$-4,553,030
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-4,902,738
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$8,835,130
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$8,297,723
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$7,037,451
Value of total assets at end of year2018-12-31$190,018,684
Value of total assets at beginning of year2018-12-31$203,756,552
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$537,407
Total interest from all sources2018-12-31$3,114,654
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,309,629
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,309,629
Administrative expenses professional fees incurred2018-12-31$360,935
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$3,923,636
Participant contributions at end of year2018-12-31$3,143,920
Participant contributions at beginning of year2018-12-31$3,205,272
Assets. Other investments not covered elsewhere at end of year2018-12-31$20,258,459
Assets. Other investments not covered elsewhere at beginning of year2018-12-31$19,105,141
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$151,152
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$956,313
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$714,107
Other income not declared elsewhere2018-12-31$253,087
Administrative expenses (other) incurred2018-12-31$31,678
Total non interest bearing cash at end of year2018-12-31$201,941
Total non interest bearing cash at beginning of year2018-12-31$308,407
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-13,737,868
Value of net assets at end of year (total assets less liabilities)2018-12-31$190,018,684
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$203,756,552
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$144,794
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$77,244,669
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$103,517,691
Interest on participant loans2018-12-31$154,980
Value of interest in common/collective trusts at end of year2018-12-31$4,982,435
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$2,984,460
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$2,901,847
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$2,901,847
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$3,114,654
Asset value of US Government securities at end of year2018-12-31$11,975,021
Asset value of US Government securities at beginning of year2018-12-31$8,652,877
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-12,064,529
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$7,037,451
Employer contributions (assets) at end of year2018-12-31$7,037,451
Employer contributions (assets) at beginning of year2018-12-31$6,277,802
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$8,297,723
Asset. Corporate debt instrument debt (other) at end of year2018-12-31$69,360,370
Asset. Corporate debt instrument debt (other) at beginning of year2018-12-31$62,278,680
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2018-12-31741769118
2017 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$4,424,940
Total unrealized appreciation/depreciation of assets2017-12-31$4,424,940
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$33,471,982
Total loss/gain on sale of assets2017-12-31$857,553
Total of all expenses incurred2017-12-31$8,364,115
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$7,860,288
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$6,277,802
Value of total assets at end of year2017-12-31$203,756,552
Value of total assets at beginning of year2017-12-31$178,648,685
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$503,827
Total interest from all sources2017-12-31$2,703,405
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,443,884
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,443,884
Administrative expenses professional fees incurred2017-12-31$14,813
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Assets. Other investments not covered elsewhere at end of year2017-12-31$19,105,141
Assets. Other investments not covered elsewhere at beginning of year2017-12-31$18,609,469
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$714,107
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$630,618
Other income not declared elsewhere2017-12-31$7,746
Administrative expenses (other) incurred2017-12-31$52,278
Total non interest bearing cash at end of year2017-12-31$308,407
Total non interest bearing cash at beginning of year2017-12-31$-3,302,129
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$25,107,867
Value of net assets at end of year (total assets less liabilities)2017-12-31$203,756,552
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$178,648,685
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$285,138
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$103,517,691
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$85,444,912
Interest on participant loans2017-12-31$150,094
Income. Interest from US Government securities2017-12-31$124,648
Income. Interest from corporate debt instruments2017-12-31$2,403,022
Value of interest in common/collective trusts at end of year2017-12-31$0
Value of interest in common/collective trusts at beginning of year2017-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$2,901,847
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$7,895,306
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$7,895,306
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$25,641
Asset value of US Government securities at end of year2017-12-31$8,652,877
Asset value of US Government securities at beginning of year2017-12-31$12,287,162
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$17,756,652
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$6,277,802
Employer contributions (assets) at end of year2017-12-31$6,277,802
Employer contributions (assets) at beginning of year2017-12-31$9,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$7,860,288
Asset. Corporate debt instrument debt (other) at end of year2017-12-31$62,278,680
Asset. Corporate debt instrument debt (other) at beginning of year2017-12-31$48,083,347
Contract administrator fees2017-12-31$151,598
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$58,567,897
Aggregate carrying amount (costs) on sale of assets2017-12-31$57,710,344
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2017-12-31741769118
2016 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$1,458,034
Total unrealized appreciation/depreciation of assets2016-12-31$1,458,034
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$20,837,945
Total loss/gain on sale of assets2016-12-31$893,360
Total of all expenses incurred2016-12-31$8,069,711
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$7,563,051
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$9,000,000
Value of total assets at end of year2016-12-31$178,648,685
Value of total assets at beginning of year2016-12-31$165,880,451
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$506,660
Total interest from all sources2016-12-31$2,479,265
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$1,247,627
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$1,247,627
Administrative expenses professional fees incurred2016-12-31$14,967
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Assets. Other investments not covered elsewhere at end of year2016-12-31$18,609,469
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$17,212,398
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$630,618
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$674,745
Other income not declared elsewhere2016-12-31$3,815
Administrative expenses (other) incurred2016-12-31$52,057
Total non interest bearing cash at end of year2016-12-31$-3,302,129
Total non interest bearing cash at beginning of year2016-12-31$-1,367
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$12,768,234
Value of net assets at end of year (total assets less liabilities)2016-12-31$178,648,685
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$165,880,451
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$300,186
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$85,444,912
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$81,841,441
Interest earned on other investments2016-12-31$176,698
Income. Interest from US Government securities2016-12-31$148,478
Income. Interest from corporate debt instruments2016-12-31$2,146,846
Value of interest in common/collective trusts at end of year2016-12-31$0
Value of interest in common/collective trusts at beginning of year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$7,895,306
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$1,367,259
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$1,367,259
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$7,243
Asset value of US Government securities at end of year2016-12-31$12,287,162
Asset value of US Government securities at beginning of year2016-12-31$7,916,307
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$5,755,844
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$9,000,000
Employer contributions (assets) at end of year2016-12-31$9,000,000
Employer contributions (assets) at beginning of year2016-12-31$9,600,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$7,563,051
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$48,083,347
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$47,269,668
Contract administrator fees2016-12-31$139,450
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$89,736,322
Aggregate carrying amount (costs) on sale of assets2016-12-31$88,842,962
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2016-12-31741769118
2015 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$-4,306,401
Total unrealized appreciation/depreciation of assets2015-12-31$-4,306,401
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$8,787,920
Total loss/gain on sale of assets2015-12-31$-557,068
Total of all expenses incurred2015-12-31$7,498,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$7,150,981
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$9,600,000
Value of total assets at end of year2015-12-31$165,880,451
Value of total assets at beginning of year2015-12-31$164,591,278
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$347,766
Total interest from all sources2015-12-31$2,492,625
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,336,528
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$1,336,528
Administrative expenses professional fees incurred2015-12-31$14,380
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Assets. Other investments not covered elsewhere at end of year2015-12-31$17,212,398
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$16,942,985
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$674,745
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$642,635
Other income not declared elsewhere2015-12-31$1,200
Administrative expenses (other) incurred2015-12-31$51,554
Total non interest bearing cash at end of year2015-12-31$-1,367
Total non interest bearing cash at beginning of year2015-12-31$-393,388
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$1,289,173
Value of net assets at end of year (total assets less liabilities)2015-12-31$165,880,451
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$164,591,278
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$153,331
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$81,841,441
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$78,058,878
Interest earned on other investments2015-12-31$181,926
Income. Interest from US Government securities2015-12-31$222,720
Income. Interest from corporate debt instruments2015-12-31$2,087,615
Value of interest in common/collective trusts at end of year2015-12-31$0
Value of interest in common/collective trusts at beginning of year2015-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$1,367,259
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$4,032,692
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$4,032,692
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$364
Asset value of US Government securities at end of year2015-12-31$7,916,307
Asset value of US Government securities at beginning of year2015-12-31$9,738,467
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$221,036
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$9,600,000
Employer contributions (assets) at end of year2015-12-31$9,600,000
Employer contributions (assets) at beginning of year2015-12-31$10,200,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$7,150,981
Asset. Corporate debt instrument debt (other) at end of year2015-12-31$47,269,668
Asset. Corporate debt instrument debt (other) at beginning of year2015-12-31$45,367,087
Contract administrator fees2015-12-31$128,501
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$1,922
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$93,854,266
Aggregate carrying amount (costs) on sale of assets2015-12-31$94,411,334
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2015-12-31741769118
2014 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-43,002
Total unrealized appreciation/depreciation of assets2014-12-31$-43,002
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$140,000
Total income from all sources (including contributions)2014-12-31$17,708,173
Total loss/gain on sale of assets2014-12-31$137,244
Total of all expenses incurred2014-12-31$7,353,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$7,025,677
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$10,200,000
Value of total assets at end of year2014-12-31$164,591,278
Value of total assets at beginning of year2014-12-31$154,376,165
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$327,383
Total interest from all sources2014-12-31$416,069
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$3,520,501
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$3,520,501
Administrative expenses professional fees incurred2014-12-31$16,564
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Assets. Other investments not covered elsewhere at end of year2014-12-31$16,942,985
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$291,497
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$642,635
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$199,669
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$140,000
Other income not declared elsewhere2014-12-31$-22,058
Administrative expenses (other) incurred2014-12-31$-7,033
Total non interest bearing cash at end of year2014-12-31$-393,388
Total non interest bearing cash at beginning of year2014-12-31$2,738,874
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$10,355,113
Value of net assets at end of year (total assets less liabilities)2014-12-31$164,591,278
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$154,236,165
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$132,773
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$78,058,878
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$113,447,996
Interest earned on other investments2014-12-31$14,084
Income. Interest from US Government securities2014-12-31$126,214
Income. Interest from corporate debt instruments2014-12-31$274,465
Value of interest in common/collective trusts at end of year2014-12-31$0
Value of interest in common/collective trusts at beginning of year2014-12-31$7,765,476
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$4,032,692
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$2,387,361
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$2,387,361
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$1,306
Asset value of US Government securities at end of year2014-12-31$9,738,467
Asset value of US Government securities at beginning of year2014-12-31$7,246,379
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$3,499,419
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$10,200,000
Employer contributions (assets) at end of year2014-12-31$10,200,000
Employer contributions (assets) at beginning of year2014-12-31$14,390,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$7,025,677
Asset. Corporate debt instrument debt (other) at end of year2014-12-31$45,367,087
Asset. Corporate debt instrument debt (other) at beginning of year2014-12-31$5,908,913
Contract administrator fees2014-12-31$185,079
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$1,922
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$214,974,545
Aggregate carrying amount (costs) on sale of assets2014-12-31$214,837,301
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2014-12-31741769118
2013 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$-217,281
Total unrealized appreciation/depreciation of assets2013-12-31$-217,281
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$140,000
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$43,292,843
Total loss/gain on sale of assets2013-12-31$9,074,440
Total of all expenses incurred2013-12-31$7,507,717
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$7,025,360
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$24,968,240
Value of total assets at end of year2013-12-31$154,376,165
Value of total assets at beginning of year2013-12-31$118,451,039
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$482,357
Total interest from all sources2013-12-31$457,387
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$3,319,995
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$2,098,314
Administrative expenses professional fees incurred2013-12-31$4,850
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Assets. Other investments not covered elsewhere at end of year2013-12-31$291,497
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$9,457,390
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$199,669
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$134,184
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$140,000
Other income not declared elsewhere2013-12-31$10,222
Administrative expenses (other) incurred2013-12-31$23,326
Total non interest bearing cash at end of year2013-12-31$2,738,874
Total non interest bearing cash at beginning of year2013-12-31$3,177
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$35,785,126
Value of net assets at end of year (total assets less liabilities)2013-12-31$154,236,165
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$118,451,039
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$454,181
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$113,447,996
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$49,753,367
Interest earned on other investments2013-12-31$19,180
Income. Interest from US Government securities2013-12-31$156,740
Income. Interest from corporate debt instruments2013-12-31$280,607
Value of interest in common/collective trusts at end of year2013-12-31$7,765,476
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$2,387,361
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$10,735,499
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$10,735,499
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$860
Asset value of US Government securities at end of year2013-12-31$7,246,379
Asset value of US Government securities at beginning of year2013-12-31$10,799,795
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$5,499,467
Net investment gain or loss from common/collective trusts2013-12-31$180,373
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$24,968,240
Employer contributions (assets) at end of year2013-12-31$14,390,000
Income. Dividends from common stock2013-12-31$1,221,681
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$7,025,360
Asset. Corporate debt instrument debt (other) at end of year2013-12-31$5,908,913
Asset. Corporate debt instrument debt (other) at beginning of year2013-12-31$4,358,607
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$33,209,020
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$406,598,195
Aggregate carrying amount (costs) on sale of assets2013-12-31$397,523,755
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BRIGGS & VESELKA CO.
Accountancy firm EIN2013-12-31741769118
2012 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,271,816
Total unrealized appreciation/depreciation of assets2012-12-31$1,271,816
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$22,588,682
Total loss/gain on sale of assets2012-12-31$2,435,549
Total of all expenses incurred2012-12-31$5,728,636
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$5,253,667
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$9,816,030
Value of total assets at end of year2012-12-31$118,451,039
Value of total assets at beginning of year2012-12-31$101,590,993
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$474,969
Total interest from all sources2012-12-31$566,886
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$3,612,913
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$2,131,955
Administrative expenses professional fees incurred2012-12-31$202,084
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Assets. Other investments not covered elsewhere at end of year2012-12-31$9,457,390
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$9,301,337
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$134,184
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$147,770
Other income not declared elsewhere2012-12-31$22,474
Administrative expenses (other) incurred2012-12-31$1,262
Total non interest bearing cash at end of year2012-12-31$3,177
Total non interest bearing cash at beginning of year2012-12-31$310
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$16,860,046
Value of net assets at end of year (total assets less liabilities)2012-12-31$118,451,039
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$101,590,993
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$271,623
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$49,753,367
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$35,666,361
Interest earned on other investments2012-12-31$14,024
Income. Interest from US Government securities2012-12-31$293,475
Income. Interest from corporate debt instruments2012-12-31$257,783
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$10,735,499
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$14,943,110
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$14,943,110
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$1,604
Asset value of US Government securities at end of year2012-12-31$10,799,795
Asset value of US Government securities at beginning of year2012-12-31$9,574,702
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$4,863,014
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31Yes
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$9,816,030
Employer contributions (assets) at beginning of year2012-12-31$915,000
Income. Dividends from common stock2012-12-31$1,480,958
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$5,253,667
Asset. Corporate debt instrument debt (other) at end of year2012-12-31$4,358,607
Asset. Corporate debt instrument debt (other) at beginning of year2012-12-31$5,181,494
Assets. Corporate common stocks other than exployer securities at end of year2012-12-31$33,209,020
Assets. Corporate common stocks other than exployer securities at beginning of year2012-12-31$25,860,909
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$91,735,777
Aggregate carrying amount (costs) on sale of assets2012-12-31$89,300,228
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31WEAVER AND TIDWELL
Accountancy firm EIN2012-12-31750786316
2011 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-2,830,855
Total unrealized appreciation/depreciation of assets2011-12-31$-2,830,855
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Expenses. Interest paid2011-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022011-12-31$0
Total income from all sources (including contributions)2011-12-31$11,386,187
Total loss/gain on sale of assets2011-12-31$2,499,453
Total of all expenses incurred2011-12-31$4,892,576
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$4,443,400
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$9,025,637
Value of total assets at end of year2011-12-31$101,590,993
Value of total assets at beginning of year2011-12-31$95,097,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$449,176
Total interest from all sources2011-12-31$522,834
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$2,645,700
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$1,835,862
Assets. Real estate other than employer real property at end of year2011-12-31$0
Assets. Real estate other than employer real property at beginning of year2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$178,950
Assets. Corporate prefeered stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$0
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Assets. Other investments not covered elsewhere at end of year2011-12-31$9,301,337
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$8,402,305
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$147,770
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$123,736
Assets. Loans (other than to participants) at end of year2011-12-31$0
Assets. Loans (other than to participants) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$1,053,869
Administrative expenses (other) incurred2011-12-31$1,197
Liabilities. Value of operating payables at end of year2011-12-31$0
Liabilities. Value of operating payables at beginning of year2011-12-31$0
Total non interest bearing cash at end of year2011-12-31$310
Total non interest bearing cash at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Income. Non cash contributions2011-12-31$0
Value of net income/loss2011-12-31$6,493,611
Value of net assets at end of year (total assets less liabilities)2011-12-31$101,590,993
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$95,097,382
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Assets. partnership/joint venture interests at end of year2011-12-31$0
Assets. partnership/joint venture interests at beginning of year2011-12-31$0
Investment advisory and management fees2011-12-31$269,029
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$35,666,361
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$36,638,804
Value of interest in pooled separate accounts at end of year2011-12-31$0
Value of interest in pooled separate accounts at beginning of year2011-12-31$0
Interest on participant loans2011-12-31$0
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$10,307
Income. Interest from US Government securities2011-12-31$299,327
Income. Interest from corporate debt instruments2011-12-31$209,399
Value of interest in master investment trust accounts at end of year2011-12-31$0
Value of interest in master investment trust accounts at beginning of year2011-12-31$0
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$14,943,110
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$8,289,255
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$8,289,255
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$3,801
Assets. Value of investments in 103.12 investment entities at end of year2011-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Asset value of US Government securities at end of year2011-12-31$9,574,702
Asset value of US Government securities at beginning of year2011-12-31$9,533,409
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-1,530,451
Net investment gain/loss from pooled separate accounts2011-12-31$0
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$0
Assets. Invements in employer securities at beginning of year2011-12-31$0
Assets. Value of employer real property at end of year2011-12-31$0
Assets. Value of employer real property at beginning of year2011-12-31$0
Contributions received in cash from employer2011-12-31$9,025,637
Employer contributions (assets) at end of year2011-12-31$915,000
Employer contributions (assets) at beginning of year2011-12-31$0
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$809,838
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$4,443,400
Asset. Corporate debt instrument preferred debt at end of year2011-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$5,181,494
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$5,411,628
Contract administrator fees2011-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$25,860,909
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$26,698,245
Liabilities. Value of benefit claims payable at end of year2011-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2011-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$51,990,828
Aggregate carrying amount (costs) on sale of assets2011-12-31$49,491,375
Liabilities. Value of acquisition indebtedness at end of year2011-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31WEAVER AND TIDWELL
Accountancy firm EIN2011-12-31750786316
2010 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$4,061,967
Total unrealized appreciation/depreciation of assets2010-12-31$4,061,967
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Expenses. Interest paid2010-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022010-12-31$0
Total income from all sources (including contributions)2010-12-31$19,853,270
Total loss/gain on sale of assets2010-12-31$327,723
Total of all expenses incurred2010-12-31$4,335,280
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$3,957,389
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$6,235,000
Value of total assets at end of year2010-12-31$95,097,382
Value of total assets at beginning of year2010-12-31$79,579,392
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$377,891
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$593,688
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$1,889,852
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$1,181,609
Assets. Real estate other than employer real property at end of year2010-12-31$0
Assets. Real estate other than employer real property at beginning of year2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$154,757
Assets. Corporate prefeered stocks other than exployer securities at end of year2010-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$0
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$8,402,305
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$17,605,533
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$123,736
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$170,894
Assets. Loans (other than to participants) at end of year2010-12-31$0
Assets. Loans (other than to participants) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$3,209,302
Administrative expenses (other) incurred2010-12-31$1,372
Liabilities. Value of operating payables at end of year2010-12-31$0
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Total non interest bearing cash at end of year2010-12-31$0
Total non interest bearing cash at beginning of year2010-12-31$44,241
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Income. Non cash contributions2010-12-31$0
Value of net income/loss2010-12-31$15,517,990
Value of net assets at end of year (total assets less liabilities)2010-12-31$95,097,382
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$79,579,392
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Assets. partnership/joint venture interests at end of year2010-12-31$0
Assets. partnership/joint venture interests at beginning of year2010-12-31$0
Investment advisory and management fees2010-12-31$221,762
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$36,638,804
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$21,732,421
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$0
Interest on participant loans2010-12-31$0
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$3,811
Income. Interest from US Government securities2010-12-31$322,671
Income. Interest from corporate debt instruments2010-12-31$266,797
Value of interest in master investment trust accounts at end of year2010-12-31$0
Value of interest in master investment trust accounts at beginning of year2010-12-31$0
Value of interest in common/collective trusts at end of year2010-12-31$0
Value of interest in common/collective trusts at beginning of year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$8,289,255
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$1,084,534
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$1,084,534
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$409
Assets. Value of investments in 103.12 investment entities at end of year2010-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Asset value of US Government securities at end of year2010-12-31$9,533,409
Asset value of US Government securities at beginning of year2010-12-31$7,470,281
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,535,738
Net investment gain/loss from pooled separate accounts2010-12-31$0
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31Yes
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$0
Assets. Invements in employer securities at beginning of year2010-12-31$0
Assets. Value of employer real property at end of year2010-12-31$0
Assets. Value of employer real property at beginning of year2010-12-31$0
Contributions received in cash from employer2010-12-31$6,235,000
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$0
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$708,243
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$3,957,389
Asset. Corporate debt instrument preferred debt at end of year2010-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2010-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2010-12-31$5,411,628
Asset. Corporate debt instrument debt (other) at beginning of year2010-12-31$8,517,775
Contract administrator fees2010-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2010-12-31$26,698,245
Assets. Corporate common stocks other than exployer securities at beginning of year2010-12-31$22,953,713
Liabilities. Value of benefit claims payable at end of year2010-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2010-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$49,486,125
Aggregate carrying amount (costs) on sale of assets2010-12-31$49,158,402
Liabilities. Value of acquisition indebtedness at end of year2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31WEAVER TIDWELL
Accountancy firm EIN2010-12-31750786316
2009 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN

2023: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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
2019: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES DEFINED BENEFIT RETIREMENT 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 - TrustYes

Insurance Providers Used on plan

THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA (National Association of Insurance Commissioners NAIC id number: 64246 )
Policy contract numberG-252031
Policy instance 1

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