Civic Intelligence

Alm Electric Co. Inc.

Plan context: Alm Electric Co. Inc. Cash Balance Plan

EIN 22-2743645 • Flanders, NJ • 22 filings • 3 plans

19 Flanders Netcong RoadFlanders, NJ 07836
Current Snapshot

Latest Year

2023

2023 Participants

2

2023 Assets

$1,832,962

2023 Contributions

$32,056

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,081,381$1,040,691$0201320182022YearValue
$1,832,962Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

210201320182022YearValue
2Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202320$0$0-
Alm Electric Co. Inc. 401(K) Plan-0$0$0-
Alm Electric Co. Inc. Cash Balance Plan-0$0$0-
202222$1,832,962$32,056$16,028iApproximate average salary by contribution assumption: employee only about $400,700 at 4% or $267,133 at 6%; with 50% employer match about $267,133 at 4% or $178,089 at 6%; with 100% employer match about $200,350 at 4% or $133,567 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$1,411,551$0-
Alm Electric Co. Inc. 401(K) Plan-2$421,411$32,056$16,028iApproximate average salary by contribution assumption: employee only about $400,700 at 4% or $267,133 at 6%; with 50% employer match about $267,133 at 4% or $178,089 at 6%; with 100% employer match about $200,350 at 4% or $133,567 at 6%.
202122$2,081,381$28,724$14,362iApproximate average salary by contribution assumption: employee only about $359,050 at 4% or $239,367 at 6%; with 50% employer match about $239,367 at 4% or $159,578 at 6%; with 100% employer match about $179,525 at 4% or $119,683 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$1,600,990--
Alm Electric Co. Inc. 401(K) Plan-2$480,391$28,724$14,362iApproximate average salary by contribution assumption: employee only about $359,050 at 4% or $239,367 at 6%; with 50% employer match about $239,367 at 4% or $159,578 at 6%; with 100% employer match about $179,525 at 4% or $119,683 at 6%.
202022$1,815,159$353,926$176,963iApproximate average salary by contribution assumption: employee only about $4,424,075 at 4% or $2,949,383 at 6%; with 50% employer match about $2,949,383 at 4% or $1,966,256 at 6%; with 100% employer match about $2,212,038 at 4% or $1,474,692 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$1,429,429$328,108$164,054iApproximate average salary by contribution assumption: employee only about $4,101,350 at 4% or $2,734,233 at 6%; with 50% employer match about $2,734,233 at 4% or $1,822,822 at 6%; with 100% employer match about $2,050,675 at 4% or $1,367,117 at 6%.
Alm Electric Co. Inc. 401(K) Plan-2$385,730$25,818$12,909iApproximate average salary by contribution assumption: employee only about $322,725 at 4% or $215,150 at 6%; with 50% employer match about $215,150 at 4% or $143,433 at 6%; with 100% employer match about $161,363 at 4% or $107,575 at 6%.
201922$1,232,676$144,050$72,025iApproximate average salary by contribution assumption: employee only about $1,800,625 at 4% or $1,200,417 at 6%; with 50% employer match about $1,200,417 at 4% or $800,278 at 6%; with 100% employer match about $900,313 at 4% or $600,208 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$928,722$102,300$51,150iApproximate average salary by contribution assumption: employee only about $1,278,750 at 4% or $852,500 at 6%; with 50% employer match about $852,500 at 4% or $568,333 at 6%; with 100% employer match about $639,375 at 4% or $426,250 at 6%.
Alm Electric Co. Inc. 401(K) Plan-2$303,954$41,750$20,875iApproximate average salary by contribution assumption: employee only about $521,875 at 4% or $347,917 at 6%; with 50% employer match about $347,917 at 4% or $231,944 at 6%; with 100% employer match about $260,938 at 4% or $173,958 at 6%.
201822$930,289$236,000$118,000iApproximate average salary by contribution assumption: employee only about $2,950,000 at 4% or $1,966,667 at 6%; with 50% employer match about $1,966,667 at 4% or $1,311,111 at 6%; with 100% employer match about $1,475,000 at 4% or $983,333 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$722,066$200,000$100,000iApproximate average salary by contribution assumption: employee only about $2,500,000 at 4% or $1,666,667 at 6%; with 50% employer match about $1,666,667 at 4% or $1,111,111 at 6%; with 100% employer match about $1,250,000 at 4% or $833,333 at 6%.
Alm Electric Co. Inc. 401(K) Plan-2$208,223$36,000$18,000iApproximate average salary by contribution assumption: employee only about $450,000 at 4% or $300,000 at 6%; with 50% employer match about $300,000 at 4% or $200,000 at 6%; with 100% employer match about $225,000 at 4% or $150,000 at 6%.
201722$744,015$90,614$45,307iApproximate average salary by contribution assumption: employee only about $1,132,675 at 4% or $755,117 at 6%; with 50% employer match about $755,117 at 4% or $503,411 at 6%; with 100% employer match about $566,338 at 4% or $377,558 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$550,765$54,614$27,307iApproximate average salary by contribution assumption: employee only about $682,675 at 4% or $455,117 at 6%; with 50% employer match about $455,117 at 4% or $303,411 at 6%; with 100% employer match about $341,338 at 4% or $227,558 at 6%.
Alm Electric Co. Inc. 401(K) Plan-2$193,250$36,000$18,000iApproximate average salary by contribution assumption: employee only about $450,000 at 4% or $300,000 at 6%; with 50% employer match about $300,000 at 4% or $200,000 at 6%; with 100% employer match about $225,000 at 4% or $150,000 at 6%.
201622$586,924$87,508$43,754iApproximate average salary by contribution assumption: employee only about $1,093,850 at 4% or $729,233 at 6%; with 50% employer match about $729,233 at 4% or $486,156 at 6%; with 100% employer match about $546,925 at 4% or $364,617 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$452,959$47,508$23,754iApproximate average salary by contribution assumption: employee only about $593,850 at 4% or $395,900 at 6%; with 50% employer match about $395,900 at 4% or $263,933 at 6%; with 100% employer match about $296,925 at 4% or $197,950 at 6%.
Alm Electric Co. Inc. 401(K) Plan-2$133,965$40,000$20,000iApproximate average salary by contribution assumption: employee only about $500,000 at 4% or $333,333 at 6%; with 50% employer match about $333,333 at 4% or $222,222 at 6%; with 100% employer match about $250,000 at 4% or $166,667 at 6%.
201522$487,060$106,674$53,337iApproximate average salary by contribution assumption: employee only about $1,333,425 at 4% or $888,950 at 6%; with 50% employer match about $888,950 at 4% or $592,633 at 6%; with 100% employer match about $666,713 at 4% or $444,475 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$399,802$96,674$48,337iApproximate average salary by contribution assumption: employee only about $1,208,425 at 4% or $805,617 at 6%; with 50% employer match about $805,617 at 4% or $537,078 at 6%; with 100% employer match about $604,213 at 4% or $402,808 at 6%.
Alm Electric Co. Inc. 401(K) Plan-2$87,258$10,000$5,000iApproximate average salary by contribution assumption: employee only about $125,000 at 4% or $83,333 at 6%; with 50% employer match about $83,333 at 4% or $55,556 at 6%; with 100% employer match about $62,500 at 4% or $41,667 at 6%.
201422$389,840$205,190$102,595iApproximate average salary by contribution assumption: employee only about $2,564,875 at 4% or $1,709,917 at 6%; with 50% employer match about $1,709,917 at 4% or $1,139,944 at 6%; with 100% employer match about $1,282,438 at 4% or $854,958 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$310,086$162,258$81,129iApproximate average salary by contribution assumption: employee only about $2,028,225 at 4% or $1,352,150 at 6%; with 50% employer match about $1,352,150 at 4% or $901,433 at 6%; with 100% employer match about $1,014,113 at 4% or $676,075 at 6%.
Alm Electric Co. Inc. 401(K) Plan-1$79,754$42,932$42,932iApproximate average salary by contribution assumption: employee only about $1,073,300 at 4% or $715,533 at 6%; with 50% employer match about $715,533 at 4% or $477,022 at 6%; with 100% employer match about $536,650 at 4% or $357,767 at 6%.
201322$188,000$188,000$94,000iApproximate average salary by contribution assumption: employee only about $2,350,000 at 4% or $1,566,667 at 6%; with 50% employer match about $1,566,667 at 4% or $1,044,444 at 6%; with 100% employer match about $1,175,000 at 4% or $783,333 at 6%.
Alm Electric Co. Inc. Cash Balance Plan-2$151,000$151,000$75,500iApproximate average salary by contribution assumption: employee only about $1,887,500 at 4% or $1,258,333 at 6%; with 50% employer match about $1,258,333 at 4% or $838,889 at 6%; with 100% employer match about $943,750 at 4% or $629,167 at 6%.
Alm Electric Co. Inc. 401(K) Plan-1$37,000$37,000$37,000iApproximate average salary by contribution assumption: employee only about $925,000 at 4% or $616,667 at 6%; with 50% employer match about $616,667 at 4% or $411,111 at 6%; with 100% employer match about $462,500 at 4% or $308,333 at 6%.