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

RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

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

RX ELECTRIC INC

This 401(k) plan holds $1M in total assets and serves 114 participants as of 2022. It is sponsored by RX ELECTRIC INC in New York. The plan reported positive net income of $27K for the year.

Total Assets (2023)
$1M
Participants
114
State
Industry
Construction

What the Filing Says About RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST

RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST is a 401(k) retirement plan sponsored by RX ELECTRIC INC, headquartered in New York. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 114 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 562616503, and the plan has been effective since 2018-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2022 to $1M at year-end — a gain of 2.2%. Net assets (after liabilities) closed the year at $1M, with reported net income of $27K 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.

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)$1M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$27K
Plan Type401(k)
Employer EIN562616503
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST?
As of the 2022 Form 5500 filing, RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST holds $1M in total assets with 114 participants. It is sponsored by RX ELECTRIC INC.
What type of plan is RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST?
RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST is a 401(k) plan. It has been effective since 2018-01-01. The plan is filed with the U.S. Department of Labor under EIN 562616503.
Who sponsors the RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST?
RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST is sponsored by RX ELECTRIC INC, located in New York. The sponsor's EIN is 562616503 and the plan operates in the Construction industry.
How did RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST perform in 2022?
RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST grew by 2.2% during 2022, moving from $1M to $1M in total assets. Net income was $27K.
Where can I find official filings for RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST?
Official Form 5500 filings for RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 562616503 or plan name at efast.dol.gov.
How does RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST compare to other plans?
You can compare RX ELECTRIC INC 401(K) PROFIT SHARING PLAN & TRUST against other 401(k) plans on the plan type page, or view plans in New York 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 562616503.

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.