A-C ELECTRIC COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan A-C ELECTRIC PROFIT SHARING PLAN PS2
Measure | Date | Value |
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2022 : A-C ELECTRIC PROFIT SHARING PLAN PS2 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-03-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-03-31 | $113,690 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-03-31 | $185,079 |
Total income from all sources (including contributions) | 2022-03-31 | $455,136 |
Total loss/gain on sale of assets | 2022-03-31 | $0 |
Total of all expenses incurred | 2022-03-31 | $328,639 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-03-31 | $320,006 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-03-31 | $526,161 |
Value of total assets at end of year | 2022-03-31 | $2,382,731 |
Value of total assets at beginning of year | 2022-03-31 | $2,327,623 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-03-31 | $8,633 |
Total interest from all sources | 2022-03-31 | $21 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-03-31 | $28,925 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-03-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-03-31 | $28,460 |
Was this plan covered by a fidelity bond | 2022-03-31 | Yes |
Value of fidelity bond cover | 2022-03-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2022-03-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-03-31 | No |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-03-31 | $118 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-03-31 | $8,849 |
Total non interest bearing cash at end of year | 2022-03-31 | $37,773 |
Total non interest bearing cash at beginning of year | 2022-03-31 | $109,204 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-03-31 | No |
Value of net income/loss | 2022-03-31 | $126,497 |
Value of net assets at end of year (total assets less liabilities) | 2022-03-31 | $2,269,041 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-03-31 | $2,142,544 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-03-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-03-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-03-31 | No |
Investment advisory and management fees | 2022-03-31 | $8,633 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-03-31 | $1,889,222 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-03-31 | $1,803,574 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-03-31 | $29,197 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-03-31 | $29,197 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-03-31 | $21 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-03-31 | $-99,971 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-03-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2022-03-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-03-31 | No |
Contributions received in cash from employer | 2022-03-31 | $526,161 |
Employer contributions (assets) at end of year | 2022-03-31 | $526,161 |
Employer contributions (assets) at beginning of year | 2022-03-31 | $300,000 |
Income. Dividends from common stock | 2022-03-31 | $465 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-03-31 | $320,006 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-03-31 | No |
Assets. Corporate common stocks other than exployer securities at end of year | 2022-03-31 | $15,105 |
Liabilities. Value of benefit claims payable at end of year | 2022-03-31 | $113,690 |
Liabilities. Value of benefit claims payable at beginning of year | 2022-03-31 | $176,230 |
Did the plan have assets held for investment | 2022-03-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-03-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-03-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-03-31 | Unqualified |
Accountancy firm name | 2022-03-31 | DANIELLS PHILLIPS VAUGHAN & BOCK |
Accountancy firm EIN | 2022-03-31 | 952972229 |
2021 : A-C ELECTRIC PROFIT SHARING PLAN PS2 2021 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2021-03-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-03-31 | $185,079 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-03-31 | $326,034 |
Total income from all sources (including contributions) | 2021-03-31 | $852,994 |
Total loss/gain on sale of assets | 2021-03-31 | $0 |
Total of all expenses incurred | 2021-03-31 | $402,043 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-03-31 | $392,431 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-03-31 | $300,000 |
Value of total assets at end of year | 2021-03-31 | $2,327,623 |
Value of total assets at beginning of year | 2021-03-31 | $2,017,627 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-03-31 | $9,612 |
Total interest from all sources | 2021-03-31 | $5 |
Total dividends received (eg from common stock, registered investment company shares) | 2021-03-31 | $29,653 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-03-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2021-03-31 | $29,653 |
Was this plan covered by a fidelity bond | 2021-03-31 | Yes |
Value of fidelity bond cover | 2021-03-31 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2021-03-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-03-31 | No |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-03-31 | $8,849 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2021-03-31 | $5,226 |
Total non interest bearing cash at end of year | 2021-03-31 | $109,204 |
Total non interest bearing cash at beginning of year | 2021-03-31 | $19,589 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-03-31 | No |
Value of net income/loss | 2021-03-31 | $450,951 |
Value of net assets at end of year (total assets less liabilities) | 2021-03-31 | $2,142,544 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-03-31 | $1,691,593 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-03-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-03-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-03-31 | No |
Investment advisory and management fees | 2021-03-31 | $9,612 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-03-31 | $1,889,222 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-03-31 | $1,984,455 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2021-03-31 | $29,197 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2021-03-31 | $13,583 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2021-03-31 | $13,583 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-03-31 | $5 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-03-31 | $523,336 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-03-31 | Yes |
Was there a failure to transmit to the plan any participant contributions | 2021-03-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-03-31 | No |
Contributions received in cash from employer | 2021-03-31 | $300,000 |
Employer contributions (assets) at end of year | 2021-03-31 | $300,000 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-03-31 | $392,431 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2021-03-31 | No |
Liabilities. Value of benefit claims payable at end of year | 2021-03-31 | $176,230 |
Liabilities. Value of benefit claims payable at beginning of year | 2021-03-31 | $320,808 |
Did the plan have assets held for investment | 2021-03-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-03-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-03-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-03-31 | Unqualified |
Accountancy firm name | 2021-03-31 | DANIELLS PHILIPS VAUGHAN BOCK |
Accountancy firm EIN | 2021-03-31 | 952972229 |