Civic Intelligence
Filing

Basic Electronics Inc. Profit Sharing Plan

Basic Electronics Inc. • EIN 95-3285602 • Plan year 2004

Company ProfileSource Archive
Filing Insights

Participants

Down

30 → 27

-3 • -10.00%

Assets

Up

$1,763,855 → $2,011,276

$247,421 • 14.03%

Investment Management Fee

-

Admin expenses - • Total expenses $47,367

Filing Details

Context
Net investment result
$247,421
Pension payor EIN
95-3285602

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

Not reported

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

Not reported

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Not reported

5% transactions reported

Not reported

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024117$4,006,534$100,000$5,882iApproximate average salary by contribution assumption: employee only about $147,059 at 4% or $98,039 at 6%; with 50% employer match about $98,039 at 4% or $65,359 at 6%; with 100% employer match about $73,529 at 4% or $49,020 at 6%.
Basic Electronics Inc. Profit Sharing Plan-17$4,006,534$100,000$5,882iApproximate average salary by contribution assumption: employee only about $147,059 at 4% or $98,039 at 6%; with 50% employer match about $98,039 at 4% or $65,359 at 6%; with 100% employer match about $73,529 at 4% or $49,020 at 6%.
2023115$3,619,177$0-
Basic Electronics Inc. Profit Sharing Plan-15$3,619,177$0-
2022115$3,314,507$150,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
Basic Electronics Inc. Profit Sharing Plan-15$3,314,507$150,000$10,000iApproximate average salary by contribution assumption: employee only about $250,000 at 4% or $166,667 at 6%; with 50% employer match about $166,667 at 4% or $111,111 at 6%; with 100% employer match about $125,000 at 4% or $83,333 at 6%.
2021115$2,832,314$0-
Basic Electronics Inc. Profit Sharing Plan-15$2,832,314$0-
2020115$3,241,817$75,000$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%.
Basic Electronics Inc. Profit Sharing Plan-15$3,241,817$75,000$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%.
2019116$3,065,403$0-
Basic Electronics Inc. Profit Sharing Plan-16$3,065,403$0-
2018118$2,852,046$0-
Basic Electronics Inc. Profit Sharing Plan-18$2,852,046$0-
2017118$2,766,793$0-
Basic Electronics Inc. Profit Sharing Plan-18$2,766,793$0-
2016120$2,659,198$408,601$20,430iApproximate average salary by contribution assumption: employee only about $510,751 at 4% or $340,501 at 6%; with 50% employer match about $340,501 at 4% or $227,001 at 6%; with 100% employer match about $255,376 at 4% or $170,250 at 6%.
Basic Electronics Inc. Profit Sharing Plan-20$2,659,198$408,601$20,430iApproximate average salary by contribution assumption: employee only about $510,751 at 4% or $340,501 at 6%; with 50% employer match about $340,501 at 4% or $227,001 at 6%; with 100% employer match about $255,376 at 4% or $170,250 at 6%.
2015121$2,701,493$0-
Basic Electronics Inc. Profit Sharing Plan-21$2,701,493$0-
2014122$2,793,372$3,500$159iApproximate average salary by contribution assumption: employee only about $3,977 at 4% or $2,652 at 6%; with 50% employer match about $2,652 at 4% or $1,768 at 6%; with 100% employer match about $1,989 at 4% or $1,326 at 6%.
Basic Electronics Inc. Profit Sharing Plan-22$2,793,372$3,500$159iApproximate average salary by contribution assumption: employee only about $3,977 at 4% or $2,652 at 6%; with 50% employer match about $2,652 at 4% or $1,768 at 6%; with 100% employer match about $1,989 at 4% or $1,326 at 6%.
2013123$2,849,947$0-
Basic Electronics Inc. Profit Sharing Plan-23$2,849,947$0-
2012123$2,887,621$0-
Basic Electronics Inc. Profit Sharing Plan-23$2,887,621$0-
2011125$2,997,227$0-
Basic Electronics Inc. Profit Sharing Plan-25$2,997,227$0-
2010131$3,226,271$0-
Basic Electronics Inc. Profit Sharing Plan-31$3,226,271$0-
2009133$3,331,298$300,846$9,117iApproximate average salary by contribution assumption: employee only about $227,914 at 4% or $151,942 at 6%; with 50% employer match about $151,942 at 4% or $101,295 at 6%; with 100% employer match about $113,957 at 4% or $75,971 at 6%.
Basic Electronics Inc. Profit Sharing Plan-33$3,331,298$300,846$9,117iApproximate average salary by contribution assumption: employee only about $227,914 at 4% or $151,942 at 6%; with 50% employer match about $151,942 at 4% or $101,295 at 6%; with 100% employer match about $113,957 at 4% or $75,971 at 6%.
2008127$0$0-
Basic Electronics Inc. Profit Sharing Plan-27---
2007123$0$0-
Basic Electronics Inc. Profit Sharing Plan-23---
2006133$2,688,159$275,789$8,357iApproximate average salary by contribution assumption: employee only about $208,931 at 4% or $139,287 at 6%; with 50% employer match about $139,287 at 4% or $92,858 at 6%; with 100% employer match about $104,466 at 4% or $69,644 at 6%.
Basic Electronics Inc. Profit Sharing Plan-33$2,688,159$275,789$8,357iApproximate average salary by contribution assumption: employee only about $208,931 at 4% or $139,287 at 6%; with 50% employer match about $139,287 at 4% or $92,858 at 6%; with 100% employer match about $104,466 at 4% or $69,644 at 6%.
2005126$0$0-
Basic Electronics Inc. Profit Sharing Plan-26---
2004127$2,011,276$260,000$9,630iApproximate average salary by contribution assumption: employee only about $240,741 at 4% or $160,494 at 6%; with 50% employer match about $160,494 at 4% or $106,996 at 6%; with 100% employer match about $120,370 at 4% or $80,247 at 6%.
Basic Electronics Inc. Profit Sharing PlanCurrent27$2,011,276$260,000$9,630iApproximate average salary by contribution assumption: employee only about $240,741 at 4% or $160,494 at 6%; with 50% employer match about $160,494 at 4% or $106,996 at 6%; with 100% employer match about $120,370 at 4% or $80,247 at 6%.
2003122$0$0-
Basic Electronics Inc. Profit Sharing Plan-22---
2002115$0$0-
Basic Electronics Inc. Profit Sharing Plan-15---
2001221$0$0-
Basic Electronics Inc. Money Purchase Pension Plan-0---
Basic Electronics Inc. Profit Sharing Plan-21---
2000223$0$0-
Basic Electronics Inc. Money Purchase Pension Plan-23---
Basic Electronics Inc. Profit Sharing Plan-23---
1999222$1,234,959$51,652$2,348iApproximate average salary by contribution assumption: employee only about $58,695 at 4% or $39,130 at 6%; with 50% employer match about $39,130 at 4% or $26,087 at 6%; with 100% employer match about $29,348 at 4% or $19,565 at 6%.
Basic Electronics Inc. Money Purchase Pension Plan-22$726,793$51,652$2,348iApproximate average salary by contribution assumption: employee only about $58,695 at 4% or $39,130 at 6%; with 50% employer match about $39,130 at 4% or $26,087 at 6%; with 100% employer match about $29,348 at 4% or $19,565 at 6%.
Basic Electronics Inc. Profit Sharing Plan-22$508,166--
Schedule Details

Schedule I

Schedule I Financial Statement

Small plan result

Balance sheet and activity values reported by the filer for this small-plan annual return.

End-of-year assets$2,011,276$247,421 change

Balance Sheet

Beginning and end of plan year.

Total assets$1,763,855$2,011,276Increase +$247,421 (14.03%)
Total liabilities$0$0No change $0
Net assets$1,763,855$2,011,276Increase +$247,421 (14.03%)

Contributions

Employer contributions$260,000
Participant contributions$0
Other contributions$0

Income & Expenses

Total income$294,788
Total expenses$47,367
Net income$247,421
Source fields
Schedule I source fields
Filing Id
84037087072296
Schedule I EIN
95-3285602
Schedule I Plan Num
003
Schedule I Plan Year Begin Date
2004-10-01
Schedule I Tax Period
20050930
Small plan total assets at beginning of year
$1,763,855
Small plan total liabilities at beginning of year
$0
Small plan net assets at beginning of year
$1,763,855
Small plan total assets at end of year
$2,011,276
Small plan total liabilities at end of year
$0
Small plan net assets at end of year
$2,011,276
Small plan employer contributions
$260,000
Small plan participant contributions
$0
Small Oth Contribution Rcvd Amount
$0
Small Non Cash Contribution Bs Amount
$0
Small Other Income Amount
$34,788
Small plan total income
$294,788
Small plan total benefit distributions
$47,367
Small Corrective Distribution Amount
$0
Small Dm Dstrb Ptcp Ln A
0
Small Oth Expenses Amount
$0
Small plan total expenses
$47,367
Small plan net income or loss
$247,421
Small Total Plan Transfers Amount
$0
Small Joint Venture End of year Indicator
No
Small Joint Venture End of year Amount
$0
Small Employer Prop End of year Indicator
No
Small Employer Prop End of year Amount
$0
Small Investment Real Est End of year I
1
Small Investment Real Est End of year A
2500
Small Employer Sec End of year Indicator
No
Small Employer Sec End of year Amount
$0
Small Mortg Participants End of year Indicator
Yes
Small Mortg Participants End of year Amount
$68,645
Small Oth Lns Participants End of year Indicator
No
Small Oth Lns Participants End of year Amount
$0
Small Personal Prop End of year Indicator
No
Small Personal Prop End of year Amount
$0
Small Fail Xmt Ctb I
2
Small Fail Xmt Ctb A
0
Small plan participant loans in default
No
Small Loans In Default Amount
$0
Small plan leases in default
No
Small Leases In Default Amount
$0
Small Pt In Interest Not Reported I
2
Small Pt In Interest Not Reported A
0
Small plan fidelity bond in place
Yes
Small plan fidelity bond amount
$200,000
Small plan loss discovered during year
No
Small Loss Discovered Dur Year Amount
$0
Small plan assets with undetermined value
No
Small Asset Undeterm Valuation Amount
$0
Small plan non-cash contributions reported
No
Small Non Cash Contribution Amount
$0
Small 20 Percent Sngl Investment Indicator
No
Small 20 Percent Sngl Investment Amount
$0
Small plan all plan assets distributed
No
Waiver Annual Iqpa Report
1
Small plan resolution to terminate plan adopted
No
Small Res Terminate Plan Adpt Amount
$0

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN95-3285602

Transfers

Distributed property value$0
Schedule R source fields
Payor 95-3285602
Filing Id
84037087072296
Schedule R EIN
95-3285602
Schedule R Plan number
003
Schedule R Plan Year Begin Date
2004-10-01
Schedule R Tax Period
20050930
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
95-3285602
Pension Bnft Distribution Sngl Sum Count
0
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0