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PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 401k Plan overview

Plan NamePEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN
Plan identification number 002

PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan 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' 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01ADRIENNE ALCAZAR
0022023-01-01
0022023-01-01RACHAEL SMITH
0022022-01-01
0022022-01-01RACHAEL SMITH
0022021-01-01
0022021-01-01RACHAEL SMITH
0022020-01-01
0022019-01-01
0022017-01-01CYNTHIA ARMSTRONG CYNTHIA ARMSTRONG2018-09-24
0022016-01-01CINDY ARMSTRONG CINDY ARMSTRONG2017-10-02
0022015-01-01CYNTHIA ARMSTRONG CYNTHIA ARMSTRONG2016-09-22
0022014-01-01BRENDA SNIDER BRENDA SNIDER2015-09-18
0022013-01-01BRENDA SNIDER
0022012-01-01AISHA HAGEN
0022011-01-01AISHA HAGEN
0022010-01-01LUIS A. GARCIA
0022009-01-01PAMELA ANDERSON THERESA OWENS2010-09-28

Plan Statistics for PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN

401k plan membership statisitcs for PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN

Measure Date Value
2023: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-011,139
Total number of active participants reported on line 7a of the Form 55002023-01-01946
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01262
Total of all active and inactive participants2023-01-011,208
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-017
Total participants2023-01-011,215
Number of participants with account balances2023-01-011,182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-0116
2022: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-011,091
Total number of active participants reported on line 7a of the Form 55002022-01-01897
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-01237
Total of all active and inactive participants2022-01-011,134
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-015
Total participants2022-01-011,139
Number of participants with account balances2022-01-011,103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0120
2021: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-011,070
Total number of active participants reported on line 7a of the Form 55002021-01-01872
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-01214
Total of all active and inactive participants2021-01-011,086
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-015
Total participants2021-01-011,091
Number of participants with account balances2021-01-011,041
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0116
2020: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-011,022
Total number of active participants reported on line 7a of the Form 55002020-01-01878
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01189
Total of all active and inactive participants2020-01-011,067
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-013
Total participants2020-01-011,070
Number of participants with account balances2020-01-011,011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-018
2019: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01943
Total number of active participants reported on line 7a of the Form 55002019-01-01856
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01164
Total of all active and inactive participants2019-01-011,020
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-011,022
Number of participants with account balances2019-01-01942
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-019
2017: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01804
Total number of active participants reported on line 7a of the Form 55002017-01-01724
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01145
Total of all active and inactive participants2017-01-01869
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-019
Total participants2017-01-01878
Number of participants with account balances2017-01-01812
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-017
2016: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01824
Total number of active participants reported on line 7a of the Form 55002016-01-01720
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01147
Total of all active and inactive participants2016-01-01867
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-014
Total participants2016-01-01871
Number of participants with account balances2016-01-01804
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01853
Total number of active participants reported on line 7a of the Form 55002015-01-01697
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01125
Total of all active and inactive participants2015-01-01822
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-012
Total participants2015-01-01824
Number of participants with account balances2015-01-01785
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-013
2014: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01883
Total number of active participants reported on line 7a of the Form 55002014-01-01729
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01122
Total of all active and inactive participants2014-01-01851
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-012
Total participants2014-01-01853
Number of participants with account balances2014-01-01804
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' 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01952
Total number of active participants reported on line 7a of the Form 55002013-01-01714
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-01134
Total of all active and inactive participants2013-01-01848
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-012
Total participants2013-01-01850
Number of participants with account balances2013-01-01805
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-014
2012: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01947
Total number of active participants reported on line 7a of the Form 55002012-01-01790
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-01160
Total of all active and inactive participants2012-01-01950
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01950
Number of participants with account balances2012-01-01919
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012
2011: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01967
Total number of active participants reported on line 7a of the Form 55002011-01-01840
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-01107
Total of all active and inactive participants2011-01-01947
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01947
Number of participants with account balances2011-01-01919
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01978
Total number of active participants reported on line 7a of the Form 55002010-01-01860
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-01107
Total of all active and inactive participants2010-01-01967
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01967
Number of participants with account balances2010-01-01942
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-018
2009: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01959
Total number of active participants reported on line 7a of the Form 55002009-01-01881
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0197
Total of all active and inactive participants2009-01-01978
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01978
Number of participants with account balances2009-01-01958
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-019

Financial Data on PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN

Measure Date Value
2023 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS 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$41,694,452
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$7,820,198
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$7,656,362
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$14,705,330
Value of total assets at end of year2023-12-31$176,246,002
Value of total assets at beginning of year2023-12-31$142,371,748
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$163,836
Total interest from all sources2023-12-31$169,757
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$981,971
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$981,971
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$3,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$6,865,851
Participant contributions at end of year2023-12-31$2,838,487
Participant contributions at beginning of year2023-12-31$3,157,930
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$161,943
Total non interest bearing cash at end of year2023-12-31$1,474
Total non interest bearing cash at beginning of year2023-12-31$776
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$33,874,254
Value of net assets at end of year (total assets less liabilities)2023-12-31$176,246,002
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$142,371,748
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$50,347
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$27,863,381
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$30,904,449
Interest on participant loans2023-12-31$169,757
Value of interest in common/collective trusts at end of year2023-12-31$145,542,660
Value of interest in common/collective trusts at beginning of year2023-12-31$108,308,593
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$25,837,394
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$7,677,536
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$7,656,362
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$41,694,452
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$7,820,198
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$7,656,362
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$14,705,330
Value of total assets at end of year2023-01-01$176,246,002
Value of total assets at beginning of year2023-01-01$142,371,748
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$163,836
Total interest from all sources2023-01-01$169,757
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$981,971
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$981,971
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$3,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$6,865,851
Participant contributions at end of year2023-01-01$2,838,487
Participant contributions at beginning of year2023-01-01$3,157,930
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$161,943
Total non interest bearing cash at end of year2023-01-01$1,474
Total non interest bearing cash at beginning of year2023-01-01$776
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$33,874,254
Value of net assets at end of year (total assets less liabilities)2023-01-01$176,246,002
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$142,371,748
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$50,347
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$27,863,381
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$30,904,449
Interest on participant loans2023-01-01$169,757
Value of interest in common/collective trusts at end of year2023-01-01$145,542,660
Value of interest in common/collective trusts at beginning of year2023-01-01$108,308,593
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$25,837,394
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$7,677,536
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$7,656,362
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' 401(K) SAVINGS 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$0
Total income from all sources (including contributions)2022-12-31$-16,883,806
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$11,792,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$11,614,813
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$12,784,895
Value of total assets at end of year2022-12-31$142,371,748
Value of total assets at beginning of year2022-12-31$171,047,818
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$177,451
Total interest from all sources2022-12-31$147,441
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$903,686
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$903,686
Administrative expenses professional fees incurred2022-12-31$177,451
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$3,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$5,911,348
Participant contributions at end of year2022-12-31$3,157,930
Participant contributions at beginning of year2022-12-31$3,085,264
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$189,180
Total non interest bearing cash at end of year2022-12-31$776
Total non interest bearing cash at beginning of year2022-12-31$14,910
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-28,676,070
Value of net assets at end of year (total assets less liabilities)2022-12-31$142,371,748
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$171,047,818
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$30,904,449
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$39,607,541
Interest on participant loans2022-12-31$147,441
Value of interest in common/collective trusts at end of year2022-12-31$108,308,593
Value of interest in common/collective trusts at beginning of year2022-12-31$128,340,103
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-30,719,828
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$6,684,367
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$11,614,813
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$0
Total income from all sources (including contributions)2022-01-01$-16,883,806
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$11,792,264
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$11,614,813
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$12,784,895
Value of total assets at end of year2022-01-01$142,371,748
Value of total assets at beginning of year2022-01-01$171,047,818
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$177,451
Total interest from all sources2022-01-01$147,441
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$903,686
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$903,686
Administrative expenses professional fees incurred2022-01-01$177,451
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$3,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$5,911,348
Participant contributions at end of year2022-01-01$3,157,930
Participant contributions at beginning of year2022-01-01$3,085,264
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$189,180
Total non interest bearing cash at end of year2022-01-01$776
Total non interest bearing cash at beginning of year2022-01-01$14,910
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-28,676,070
Value of net assets at end of year (total assets less liabilities)2022-01-01$142,371,748
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$171,047,818
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$30,904,449
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$39,607,541
Interest on participant loans2022-01-01$147,441
Value of interest in common/collective trusts at end of year2022-01-01$108,308,593
Value of interest in common/collective trusts at beginning of year2022-01-01$128,340,103
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-30,719,828
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$6,684,367
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$11,614,813
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' 401(K) SAVINGS PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
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$32,672,138
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$10,817,895
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$10,661,958
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$12,050,937
Value of total assets at end of year2021-12-31$171,047,818
Value of total assets at beginning of year2021-12-31$149,193,575
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$155,937
Total interest from all sources2021-12-31$147,459
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$3,061,935
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$3,061,935
Administrative expenses professional fees incurred2021-12-31$155,937
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$3,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
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
Contributions received from participants2021-12-31$5,447,489
Participant contributions at end of year2021-12-31$3,085,264
Participant contributions at beginning of year2021-12-31$2,884,143
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$398,270
Total non interest bearing cash at end of year2021-12-31$14,910
Total non interest bearing cash at beginning of year2021-12-31$1,145
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$21,854,243
Value of net assets at end of year (total assets less liabilities)2021-12-31$171,047,818
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$149,193,575
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$39,607,541
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$32,318,310
Interest on participant loans2021-12-31$147,459
Value of interest in common/collective trusts at end of year2021-12-31$128,340,103
Value of interest in common/collective trusts at beginning of year2021-12-31$113,989,977
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$17,411,807
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
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$6,205,178
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$10,661,958
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
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31CROWE LLP
Accountancy firm EIN2021-12-31350921680
2020 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
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$33,104,914
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$8,037,709
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$7,858,152
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$11,354,396
Value of total assets at end of year2020-12-31$149,193,575
Value of total assets at beginning of year2020-12-31$124,126,370
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$179,557
Total interest from all sources2020-12-31$158,657
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,528,921
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$1,528,921
Administrative expenses professional fees incurred2020-12-31$179,557
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$3,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
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
Contributions received from participants2020-12-31$5,067,071
Participant contributions at end of year2020-12-31$2,884,143
Participant contributions at beginning of year2020-12-31$2,866,347
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$525,533
Total non interest bearing cash at end of year2020-12-31$1,145
Total non interest bearing cash at beginning of year2020-12-31$11,266
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$25,067,205
Value of net assets at end of year (total assets less liabilities)2020-12-31$149,193,575
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$124,126,370
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$32,318,310
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$24,840,892
Interest on participant loans2020-12-31$158,657
Value of interest in common/collective trusts at end of year2020-12-31$113,989,977
Value of interest in common/collective trusts at beginning of year2020-12-31$96,407,865
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$20,062,940
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
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$5,761,792
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$7,858,152
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
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31BRIGGS & VESELKA
Accountancy firm EIN2020-12-31741769118
2019 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$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 income from all sources (including contributions)2019-12-31$31,767,177
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$5,746,841
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$5,570,502
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$10,154,910
Value of total assets at end of year2019-12-31$124,126,370
Value of total assets at beginning of year2019-12-31$98,106,034
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$176,339
Total interest from all sources2019-12-31$160,330
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,026,718
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$1,026,718
Administrative expenses professional fees incurred2019-12-31$176,339
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$2,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
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
Contributions received from participants2019-12-31$4,487,125
Participant contributions at end of year2019-12-31$2,866,347
Participant contributions at beginning of year2019-12-31$3,143,920
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$571,648
Total non interest bearing cash at end of year2019-12-31$11,266
Total non interest bearing cash at beginning of year2019-12-31$359,480
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$26,020,336
Value of net assets at end of year (total assets less liabilities)2019-12-31$124,126,370
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$98,106,034
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 leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$24,840,892
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$89,620,199
Interest on participant loans2019-12-31$160,330
Value of interest in common/collective trusts at end of year2019-12-31$96,407,865
Value of interest in common/collective trusts at beginning of year2019-12-31$4,982,435
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$20,425,219
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
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
Contributions received in cash from employer2019-12-31$5,096,137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$5,570,502
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
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
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
Accountancy firm name2019-12-31BRIGGS & VESELKA
Accountancy firm EIN2019-12-31741769118
2018 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
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$2,691,199
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$5,790,653
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$5,645,226
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$8,539,782
Value of total assets at end of year2018-12-31$98,106,034
Value of total assets at beginning of year2018-12-31$101,205,488
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$145,427
Total interest from all sources2018-12-31$154,980
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$7,000,136
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$7,000,136
Administrative expenses professional fees incurred2018-12-31$145,427
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$2,000,000
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
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$151,152
Total non interest bearing cash at end of year2018-12-31$359,480
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-3,099,454
Value of net assets at end of year (total assets less liabilities)2018-12-31$98,106,034
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$101,205,488
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$89,620,199
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$90,815,859
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$7,184,357
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-13,003,699
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
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$4,464,994
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$5,645,226
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
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
Accountancy firm EIN2018-12-31741769118
2017 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
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$22,962,436
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$4,031,116
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,897,100
Expenses. Certain deemed distributions of participant loans2017-12-31$5,845
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$8,352,648
Value of total assets at end of year2017-12-31$101,205,488
Value of total assets at beginning of year2017-12-31$82,274,168
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$128,171
Total interest from all sources2017-12-31$140,830
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,268,074
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$1,268,074
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
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
Contributions received from participants2017-12-31$3,550,642
Participant contributions at end of year2017-12-31$3,205,272
Participant contributions at beginning of year2017-12-31$3,089,642
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$631,039
Other income not declared elsewhere2017-12-31$1,970
Administrative expenses (other) incurred2017-12-31$128,171
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$18,931,320
Value of net assets at end of year (total assets less liabilities)2017-12-31$101,205,488
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$82,274,168
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$90,815,859
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$74,853,400
Interest on participant loans2017-12-31$140,830
Value of interest in common/collective trusts at end of year2017-12-31$7,184,357
Value of interest in common/collective trusts at beginning of year2017-12-31$4,331,126
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$13,093,439
Net investment gain or loss from common/collective trusts2017-12-31$105,475
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
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$4,170,967
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,897,100
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
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
Accountancy firm EIN2017-12-31741769118
2016 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
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$11,949,504
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$5,721,802
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$5,589,479
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$7,014,023
Value of total assets at end of year2016-12-31$82,274,168
Value of total assets at beginning of year2016-12-31$76,046,466
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$132,323
Total interest from all sources2016-12-31$129,697
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$170,506
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$170,506
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
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
Contributions received from participants2016-12-31$3,165,474
Participant contributions at end of year2016-12-31$3,089,642
Participant contributions at beginning of year2016-12-31$2,957,861
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$54,531
Other income not declared elsewhere2016-12-31$-79
Administrative expenses (other) incurred2016-12-31$132,323
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$6,227,702
Value of net assets at end of year (total assets less liabilities)2016-12-31$82,274,168
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$76,046,466
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$74,853,400
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$70,342,506
Interest on participant loans2016-12-31$129,697
Value of interest in common/collective trusts at end of year2016-12-31$4,331,126
Value of interest in common/collective trusts at beginning of year2016-12-31$2,746,099
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$4,576,390
Net investment gain or loss from common/collective trusts2016-12-31$58,967
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
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$3,794,018
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$5,589,479
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
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
Accountancy firm EIN2016-12-31741769118
2015 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
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$7,149,303
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$3,978,514
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$3,834,649
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$6,618,100
Value of total assets at end of year2015-12-31$76,046,466
Value of total assets at beginning of year2015-12-31$72,875,677
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$143,865
Total interest from all sources2015-12-31$131,594
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$148,795
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$148,795
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
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
Contributions received from participants2015-12-31$2,937,434
Participant contributions at end of year2015-12-31$2,957,861
Participant contributions at beginning of year2015-12-31$2,781,059
Other income not declared elsewhere2015-12-31$-211
Administrative expenses (other) incurred2015-12-31$143,865
Total non interest bearing cash at beginning of year2015-12-31$1,995
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$3,170,789
Value of net assets at end of year (total assets less liabilities)2015-12-31$76,046,466
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$72,875,677
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$70,342,506
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$67,566,898
Interest on participant loans2015-12-31$131,594
Value of interest in common/collective trusts at end of year2015-12-31$2,746,099
Value of interest in common/collective trusts at beginning of year2015-12-31$2,525,725
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$209,726
Net investment gain or loss from common/collective trusts2015-12-31$41,299
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
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$3,680,666
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$3,834,649
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
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
Accountancy firm EIN2015-12-31741769118
2014 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
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$0
Total income from all sources (including contributions)2014-12-31$9,760,177
Total loss/gain on sale of assets2014-12-31$2,836
Total of all expenses incurred2014-12-31$3,453,859
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$3,285,746
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$5,777,911
Value of total assets at end of year2014-12-31$72,875,677
Value of total assets at beginning of year2014-12-31$66,569,359
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$168,113
Total interest from all sources2014-12-31$128,587
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$526,563
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$526,541
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
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
Contributions received from participants2014-12-31$2,519,893
Participant contributions at end of year2014-12-31$2,781,059
Participant contributions at beginning of year2014-12-31$2,956,385
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$21,401
Other income not declared elsewhere2014-12-31$786
Administrative expenses (other) incurred2014-12-31$168,113
Total non interest bearing cash at end of year2014-12-31$1,995
Total non interest bearing cash at beginning of year2014-12-31$15,867
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$6,306,318
Value of net assets at end of year (total assets less liabilities)2014-12-31$72,875,677
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$66,569,359
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$67,566,898
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$61,025,163
Interest on participant loans2014-12-31$128,587
Value of interest in common/collective trusts at end of year2014-12-31$2,525,725
Value of interest in common/collective trusts at beginning of year2014-12-31$2,502,045
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$36,508
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$36,508
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$3,290,723
Net investment gain or loss from common/collective trusts2014-12-31$32,771
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
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$3,236,617
Income. Dividends from common stock2014-12-31$22
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$3,285,746
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$33,391
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$2,756,124
Aggregate carrying amount (costs) on sale of assets2014-12-31$2,753,288
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
Accountancy firm EIN2014-12-31741769118
2013 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$40,499
Total unrealized appreciation/depreciation of assets2013-12-31$40,499
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
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$15,487,596
Total loss/gain on sale of assets2013-12-31$-977
Total of all expenses incurred2013-12-31$5,650,937
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$5,356,759
Expenses. Certain deemed distributions of participant loans2013-12-31$201,570
Value of total corrective distributions2013-12-31$183
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$5,445,065
Value of total assets at end of year2013-12-31$66,569,359
Value of total assets at beginning of year2013-12-31$56,732,700
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$92,425
Total interest from all sources2013-12-31$138,652
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$264,162
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$263,875
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
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
Contributions received from participants2013-12-31$2,319,577
Participant contributions at end of year2013-12-31$2,956,385
Participant contributions at beginning of year2013-12-31$2,785,941
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$57,934
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$4,290
Other income not declared elsewhere2013-12-31$-5,717
Administrative expenses (other) incurred2013-12-31$92,425
Total non interest bearing cash at end of year2013-12-31$15,867
Total non interest bearing cash at beginning of year2013-12-31$45,485
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$9,836,659
Value of net assets at end of year (total assets less liabilities)2013-12-31$66,569,359
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$56,732,700
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$61,025,163
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$46,260,091
Interest on participant loans2013-12-31$138,652
Value of interest in common/collective trusts at end of year2013-12-31$2,502,045
Value of interest in common/collective trusts at beginning of year2013-12-31$7,636,893
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$36,508
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$9,605,912
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
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$3,067,554
Income. Dividends from common stock2013-12-31$287
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$5,356,759
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$33,391
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$1,294,013
Aggregate carrying amount (costs) on sale of assets2013-12-31$1,294,990
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
Accountancy firm EIN2013-12-31741769118
2012 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
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$12,626,568
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$11,885,946
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$11,843,522
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$5,572,872
Value of total assets at end of year2012-12-31$56,732,700
Value of total assets at beginning of year2012-12-31$55,992,078
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$42,424
Total interest from all sources2012-12-31$156,115
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,560,335
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$1,560,335
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
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$2,391,366
Participant contributions at end of year2012-12-31$2,785,941
Participant contributions at beginning of year2012-12-31$2,892,118
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$39,874
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$4,290
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$3,128
Total non interest bearing cash at end of year2012-12-31$45,485
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$740,622
Value of net assets at end of year (total assets less liabilities)2012-12-31$56,732,700
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$55,992,078
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$27,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$46,260,091
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$43,987,357
Interest on participant loans2012-12-31$156,115
Value of interest in common/collective trusts at end of year2012-12-31$7,636,893
Value of interest in common/collective trusts at beginning of year2012-12-31$9,109,475
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$5,400,106
Net investment gain or loss from common/collective trusts2012-12-31$-62,860
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
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$3,141,632
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$11,843,522
Contract administrator fees2012-12-31$14,924
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
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
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 & TIDWELL, LLP
Accountancy firm EIN2012-12-31750786316
2011 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$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
Total income from all sources (including contributions)2011-12-31$4,498,951
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$5,017,400
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$5,001,320
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$5,838,870
Value of total assets at end of year2011-12-31$55,992,078
Value of total assets at beginning of year2011-12-31$56,510,527
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$16,080
Total interest from all sources2011-12-31$151,861
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$1,272,987
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$1,272,987
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
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$2,478,231
Participant contributions at end of year2011-12-31$2,892,118
Participant contributions at beginning of year2011-12-31$2,448,999
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$5,038
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$3,128
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$2,214
Other income not declared elsewhere2011-12-31$496
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-518,449
Value of net assets at end of year (total assets less liabilities)2011-12-31$55,992,078
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$56,510,527
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$43,987,357
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$45,134,342
Income. Interest from loans (other than to participants)2011-12-31$151,861
Value of interest in common/collective trusts at end of year2011-12-31$9,109,475
Value of interest in common/collective trusts at beginning of year2011-12-31$8,924,972
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-3,205,687
Net investment gain or loss from common/collective trusts2011-12-31$440,424
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
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
Contributions received in cash from employer2011-12-31$3,355,601
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$5,001,320
Contract administrator fees2011-12-31$16,080
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
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
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 & TIDWELL, LLP
Accountancy firm EIN2011-12-31750786316
2010 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$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$33,756
Total income from all sources (including contributions)2010-12-31$10,538,343
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$2,474,896
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$2,460,116
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$5,525,589
Value of total assets at end of year2010-12-31$56,510,527
Value of total assets at beginning of year2010-12-31$48,480,836
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$14,780
Total interest from all sources2010-12-31$141,647
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$1,129,049
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$1,129,049
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
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$2,328,972
Participant contributions at end of year2010-12-31$2,448,999
Participant contributions at beginning of year2010-12-31$1,981,000
Participant contributions at beginning of year2010-12-31$70,205
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$102,111
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$2,214
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$33,747
Liabilities. Value of operating payables at beginning of year2010-12-31$33,756
Total non interest bearing cash at beginning of year2010-12-31$10
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
Value of net income/loss2010-12-31$8,063,447
Value of net assets at end of year (total assets less liabilities)2010-12-31$56,510,527
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$48,447,080
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$45,134,342
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$38,673,519
Interest on participant loans2010-12-31$141,647
Value of interest in common/collective trusts at end of year2010-12-31$8,924,972
Value of interest in common/collective trusts at beginning of year2010-12-31$7,622,665
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$3,517,261
Net investment gain or loss from common/collective trusts2010-12-31$224,797
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
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
Contributions received in cash from employer2010-12-31$3,094,506
Employer contributions (assets) at beginning of year2010-12-31$99,690
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$2,460,116
Contract administrator fees2010-12-31$14,780
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
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
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, LLP
Accountancy firm EIN2010-12-31750786316
2009 : PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS 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' 401(K) SAVINGS PLAN

2023: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS 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' 401(K) SAVINGS 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' 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
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' 401(K) SAVINGS 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' 401(K) SAVINGS 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
2017: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS 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' 401(K) SAVINGS 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' 401(K) SAVINGS 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' 401(K) SAVINGS 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' 401(K) SAVINGS 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' 401(K) SAVINGS 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' 401(K) SAVINGS 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
2010: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: PEDERNALES ELECTRIC COOPERATIVE, INC. EMPLOYEES' 401(K) SAVINGS 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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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