401(k)
2022 plan-year 401(k) DOL Form 5500

OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

OMEGA ELECTRIC CONSTRUCTION COMPANY, INC.

This 401(k) plan holds $7M in total assets and serves 92 participants as of 2022. It is sponsored by OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. in Vermont. The plan reported a net loss of $2M for the year.

Total Assets (2023)
$7M
Participants
92
State
Industry
Construction

What the Filing Says About OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN

OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN is a 401(k) retirement plan sponsored by OMEGA ELECTRIC CONSTRUCTION COMPANY, INC., headquartered in Vermont. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 92 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 042425819, and the plan has been effective since 1971-03-31. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $9M at the beginning of 2022 to $7M at year-end — a decline of 23.4%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-2,056,673 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$9M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$-2,056,673
Plan Type401(k)
Employer EIN042425819
Plan Effective Date1971-03-31
Filing StatusFILING RECEIVED

Sponsor Plan History (OMEGA ELECTRIC CONSTRUCTION COMPANY, INC.)

Year Plans Participants Total Assets
2022 1 92 $7M
2023 1 92 $7M
2024 1 85 $7M

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Frequently Asked Questions

How much money is in the OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN?
As of the 2022 Form 5500 filing, OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN holds $7M in total assets with 92 participants. It is sponsored by OMEGA ELECTRIC CONSTRUCTION COMPANY, INC..
What type of plan is OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN?
OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN is a 401(k) plan. It has been effective since 1971-03-31. The plan is filed with the U.S. Department of Labor under EIN 042425819.
Who sponsors the OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN?
OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN is sponsored by OMEGA ELECTRIC CONSTRUCTION COMPANY, INC., located in Vermont. The sponsor's EIN is 042425819 and the plan operates in the Construction industry.
How did OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN perform in 2022?
OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN declined by 23.4% during 2022, moving from $9M to $7M in total assets. Net income was $-2,056,673.
Where can I find official filings for OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN?
Official Form 5500 filings for OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042425819 or plan name at efast.dol.gov.
How does OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN compare to other plans?
You can compare OMEGA ELECTRIC CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN against other 401(k) plans on the plan type page, or view plans in Vermont on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 042425819.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.