401k Plan data: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST plan

GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 401k Plan overview

Plan Name	GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST
Plan identification number	001

GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

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

Company Name: GIFFORD ELECTRIC INC.

Employer identification number (EIN): 880073755

NAIC Classification: 238210
NAIC Description: Electrical Contractors and Other Wiring Installation Contractors

Additional information about GIFFORD ELECTRIC INC.

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 1978-04-18

Company Identification Number: 0043295200

Legal Registered Office Address: 236 COUNTY ROAD 3689

PARADISE
United States of America (USA)
76073

More information about GIFFORD ELECTRIC INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 MICHELLE WILLIAMS 2020-01-02 MICHELLE WILLIAMS 2020-01-02
001 2016-01-01 MICHELLE G WILLIAMS 2017-07-14
001 2015-01-01 MICHELLE G WILLIAMS 2016-06-28
001 2014-01-01 MICHELLE G WILLIAMS
001 2013-03-01 MICHELLE WILLIAMS
001 2012-03-01 MICHELLE WILLIAMS
001 2011-03-01 OMER GIFFORD
001 2010-03-01 OMER GIFFORD
001 2009-03-01 OMER GIFFORD OMER GIFFORD 2010-09-29
001 2009-03-01 OMER GIFFORD OMER GIFFORD 2010-09-30
001 2009-03-01 OMER GIFFORD OMER GIFFORD 2010-12-07

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	MICHELLE WILLIAMS	2020-01-02	MICHELLE WILLIAMS	2020-01-02
001	2016-01-01	MICHELLE G WILLIAMS	2017-07-14
001	2015-01-01	MICHELLE G WILLIAMS	2016-06-28
001	2014-01-01	MICHELLE G WILLIAMS
001	2013-03-01	MICHELLE WILLIAMS
001	2012-03-01	MICHELLE WILLIAMS
001	2011-03-01	OMER GIFFORD
001	2010-03-01	OMER GIFFORD
001	2009-03-01	OMER GIFFORD		OMER GIFFORD	2010-09-29
001	2009-03-01	OMER GIFFORD		OMER GIFFORD	2010-09-30
001	2009-03-01	OMER GIFFORD		OMER GIFFORD	2010-12-07

Plan Statistics for GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST

401k plan membership statisitcs for GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST

Measure Date Value
2014: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2014 401k membership
Total participants, beginning-of-year 2014-01-01 0
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 3
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 2
Total of all active and inactive participants 2014-01-01 5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 5
Number of participants with account balances 2014-01-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2013 401k membership
Total participants, beginning-of-year 2013-03-01 6
Total number of active participants reported on line 7a of the Form 5500 2013-03-01 3
Number of retired or separated participants receiving benefits 2013-03-01 0
Number of other retired or separated participants entitled to future benefits 2013-03-01 3
Total of all active and inactive participants 2013-03-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-03-01 0
Total participants 2013-03-01 6
Number of participants with account balances 2013-03-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-03-01 0
2012: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2012 401k membership
Total participants, beginning-of-year 2012-03-01 7
Total number of active participants reported on line 7a of the Form 5500 2012-03-01 4
Number of other retired or separated participants entitled to future benefits 2012-03-01 2
Total of all active and inactive participants 2012-03-01 6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-03-01 0
Total participants 2012-03-01 6
Number of participants with account balances 2012-03-01 6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-03-01 0
2011: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2011 401k membership
Total participants, beginning-of-year 2011-03-01 9
Total number of active participants reported on line 7a of the Form 5500 2011-03-01 4
Number of retired or separated participants receiving benefits 2011-03-01 2
Number of other retired or separated participants entitled to future benefits 2011-03-01 1
Total of all active and inactive participants 2011-03-01 7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-03-01 0
Total participants 2011-03-01 7
Number of participants with account balances 2011-03-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-03-01 0
2010: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2010 401k membership
Total participants, beginning-of-year 2010-03-01 9
Total number of active participants reported on line 7a of the Form 5500 2010-03-01 5
Number of retired or separated participants receiving benefits 2010-03-01 3
Number of other retired or separated participants entitled to future benefits 2010-03-01 1
Total of all active and inactive participants 2010-03-01 9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-03-01 0
Total participants 2010-03-01 9
Number of participants with account balances 2010-03-01 9
2009: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2009 401k membership
Total participants, beginning-of-year 2009-03-01 9
Total number of active participants reported on line 7a of the Form 5500 2009-03-01 5
Number of retired or separated participants receiving benefits 2009-03-01 3
Number of other retired or separated participants entitled to future benefits 2009-03-01 0
Total of all active and inactive participants 2009-03-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-03-01 0
Total participants 2009-03-01 8
Number of participants with account balances 2009-03-01 8

Measure	Date	Value
2014: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2014 401k membership
Total participants, beginning-of-year	2014-01-01	0
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	3
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	2
Total of all active and inactive participants	2014-01-01	5
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	5
Number of participants with account balances	2014-01-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2013 401k membership
Total participants, beginning-of-year	2013-03-01	6
Total number of active participants reported on line 7a of the Form 5500	2013-03-01	3
Number of retired or separated participants receiving benefits	2013-03-01	0
Number of other retired or separated participants entitled to future benefits	2013-03-01	3
Total of all active and inactive participants	2013-03-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-03-01	0
Total participants	2013-03-01	6
Number of participants with account balances	2013-03-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-03-01	0
2012: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2012 401k membership
Total participants, beginning-of-year	2012-03-01	7
Total number of active participants reported on line 7a of the Form 5500	2012-03-01	4
Number of other retired or separated participants entitled to future benefits	2012-03-01	2
Total of all active and inactive participants	2012-03-01	6
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-03-01	0
Total participants	2012-03-01	6
Number of participants with account balances	2012-03-01	6
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-03-01	0
2011: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2011 401k membership
Total participants, beginning-of-year	2011-03-01	9
Total number of active participants reported on line 7a of the Form 5500	2011-03-01	4
Number of retired or separated participants receiving benefits	2011-03-01	2
Number of other retired or separated participants entitled to future benefits	2011-03-01	1
Total of all active and inactive participants	2011-03-01	7
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-03-01	0
Total participants	2011-03-01	7
Number of participants with account balances	2011-03-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-03-01	0
2010: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2010 401k membership
Total participants, beginning-of-year	2010-03-01	9
Total number of active participants reported on line 7a of the Form 5500	2010-03-01	5
Number of retired or separated participants receiving benefits	2010-03-01	3
Number of other retired or separated participants entitled to future benefits	2010-03-01	1
Total of all active and inactive participants	2010-03-01	9
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-03-01	0
Total participants	2010-03-01	9
Number of participants with account balances	2010-03-01	9
2009: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2009 401k membership
Total participants, beginning-of-year	2009-03-01	9
Total number of active participants reported on line 7a of the Form 5500	2009-03-01	5
Number of retired or separated participants receiving benefits	2009-03-01	3
Number of other retired or separated participants entitled to future benefits	2009-03-01	0
Total of all active and inactive participants	2009-03-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-03-01	0
Total participants	2009-03-01	8
Number of participants with account balances	2009-03-01	8

Financial Data on GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST

Measure	Date	Value
2014 : GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$1,444,642
Expenses. Total of all expenses incurred	2014-12-31	$215,822
Benefits paid (including direct rollovers)	2014-12-31	$211,217
Total plan assets at end of year	2014-12-31	$1,228,820
Total plan assets at beginning of year	2014-12-31	$0
Value of fidelity bond covering the plan	2014-12-31	$0
Total contributions received or receivable from participants	2014-12-31	$4,283
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$1,437,595
Net income (gross income less expenses)	2014-12-31	$1,228,820
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,228,820
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$0
Total contributions received or receivable from employer(s)	2014-12-31	$2,764
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$4,605
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Funding deficiency by the employer to the plan for this plan year	2014-12-31	$0
Minimum employer required contribution for this plan year	2014-12-31	$0
Amount contributed by the employer to the plan for this plan year	2014-12-31	$0
Total income from all sources	2014-02-28	$93,140
Expenses. Total of all expenses incurred	2014-02-28	$4,108
Total plan assets at end of year	2014-02-28	$1,402,715
Total plan assets at beginning of year	2014-02-28	$1,313,683
Expenses. Other expenses not covered elsewhere	2014-02-28	$251
Other income received	2014-02-28	$53,879
Net income (gross income less expenses)	2014-02-28	$89,032
Net plan assets at end of year (total assets less liabilities)	2014-02-28	$1,402,715
Net plan assets at beginning of year (total assets less liabilities)	2014-02-28	$1,313,683
Total contributions received or receivable from employer(s)	2014-02-28	$39,261
Expenses. Administrative service providers (salaries,fees and commissions)	2014-02-28	$3,857
2013 : GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2013 401k financial data
Total income from all sources	2013-02-28	$74,452
Expenses. Total of all expenses incurred	2013-02-28	$642,733
Benefits paid (including direct rollovers)	2013-02-28	$636,272
Total plan assets at end of year	2013-02-28	$1,313,683
Total plan assets at beginning of year	2013-02-28	$1,881,964
Expenses. Other expenses not covered elsewhere	2013-02-28	$236
Other income received	2013-02-28	$37,195
Net income (gross income less expenses)	2013-02-28	$-568,281
Net plan assets at end of year (total assets less liabilities)	2013-02-28	$1,313,683
Net plan assets at beginning of year (total assets less liabilities)	2013-02-28	$1,881,964
Total contributions received or receivable from employer(s)	2013-02-28	$37,257
Expenses. Administrative service providers (salaries,fees and commissions)	2013-02-28	$6,225
2012 : GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2012 401k financial data
Total income from all sources	2012-02-29	$20,024
Expenses. Total of all expenses incurred	2012-02-29	$55,651
Benefits paid (including direct rollovers)	2012-02-29	$42,730
Total plan assets at end of year	2012-02-29	$1,881,964
Total plan assets at beginning of year	2012-02-29	$1,917,591
Expenses. Other expenses not covered elsewhere	2012-02-29	$735
Other income received	2012-02-29	$-22,558
Net income (gross income less expenses)	2012-02-29	$-35,627
Net plan assets at end of year (total assets less liabilities)	2012-02-29	$1,881,964
Net plan assets at beginning of year (total assets less liabilities)	2012-02-29	$1,917,591
Total contributions received or receivable from employer(s)	2012-02-29	$42,582
Expenses. Administrative service providers (salaries,fees and commissions)	2012-02-29	$12,186
2011 : GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2011 401k financial data
Total income from all sources	2011-02-28	$-263,833
Expenses. Total of all expenses incurred	2011-02-28	$51,873
Benefits paid (including direct rollovers)	2011-02-28	$36,500
Total plan assets at end of year	2011-02-28	$1,917,591
Total plan assets at beginning of year	2011-02-28	$2,233,297
Expenses. Other expenses not covered elsewhere	2011-02-28	$681
Other income received	2011-02-28	$-290,918
Net income (gross income less expenses)	2011-02-28	$-315,706
Net plan assets at end of year (total assets less liabilities)	2011-02-28	$1,917,591
Net plan assets at beginning of year (total assets less liabilities)	2011-02-28	$2,233,297
Total contributions received or receivable from employer(s)	2011-02-28	$27,085
Expenses. Administrative service providers (salaries,fees and commissions)	2011-02-28	$14,692

Form 5500 Responses for GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST

2014: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2013 form 5500 responses
2013-03-01	Type of plan entity	Single employer plan
2013-03-01	Plan funding arrangement – Trust	Yes
2013-03-01	Plan benefit arrangement - Trust	Yes
2012: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2012 form 5500 responses
2012-03-01	Type of plan entity	Single employer plan
2012-03-01	Submission has been amended	Yes
2012-03-01	Plan funding arrangement – Trust	Yes
2012-03-01	Plan benefit arrangement - Trust	Yes
2011: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2011 form 5500 responses
2011-03-01	Type of plan entity	Single employer plan
2011-03-01	Plan funding arrangement – Trust	Yes
2011-03-01	Plan benefit arrangement - Trust	Yes
2010: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2010 form 5500 responses
2010-03-01	Type of plan entity	Single employer plan
2010-03-01	Submission has been amended	Yes
2010-03-01	Plan funding arrangement – Trust	Yes
2010-03-01	Plan benefit arrangement - Trust	Yes
2009: GIFFORD ELECTRIC INC 401 K PROFIT SHARING PLAN TRUST 2009 form 5500 responses
2009-03-01	Type of plan entity	Single employer plan
2009-03-01	Submission has been amended	Yes
2009-03-01	Plan funding arrangement – Trust	Yes
2009-03-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

GIFFORD ELECTRIC 401(K) PLAN [EIN = 203446975]

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Company Name:	GIFFORD ELECTRIC INC.
Employer identification number (EIN):	880073755
NAIC Classification:	238210
NAIC Description:	Electrical Contractors and Other Wiring Installation Contractors

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	1978-04-18
Company Identification Number:	0043295200
Legal Registered Office Address:	236 COUNTY ROAD 3689 PARADISE United States of America (USA) 76073