Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Adams Electric Company, Inc. 401(K) Retirement Plan is a benefit plan reported by Adams Electric Company, Inc. under EIN 56-0693887 and plan number 001. The latest loaded filing year is 2023. The filing reports 461 participants and $11,488,151 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,488,151
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,488,151
- Net assets (BOY)
- $10,305,112
Income & contributions
- Employer contributions
- $303,621
- Participant contributions
- $831,061
- Total contributions
- $1,222,075
- Total income / additions
- $2,321,564
Expenses & distributions
- Benefits paid
- $1,113,259
- Administrative expenses
- $10,924
- Total expenses
- $1,138,525
- Net increase / (decrease)
- $1,183,039