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, A & B Electric Company, Inc. Profit Sharing Plan is a benefit plan reported by A & B Electric Company, Inc. under EIN 64-0560393 and plan number 001. The latest loaded filing year is 2023. The filing reports 135 participants and $6,367,619 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $6,367,619
- Total liabilities (EOY)
- $1,113
- Net assets (EOY)
- $6,366,506
- Net assets (BOY)
- $6,146,723
Income & contributions
- Employer contributions
- $172,629
- Participant contributions
- $320,546
- Total contributions
- $525,508
- Total income / additions
- $1,308,419
Expenses & distributions
- Benefits paid
- $1,088,626
- Administrative expenses
- $10
- Total expenses
- $1,088,636
- Net increase / (decrease)
- $219,783