OAK ELECTRIC SERVICE INC EMPLOYEES 401(K) PROFIT SHARING PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
OAK ELECTRIC SERVICE INC
This 401(k) plan holds $5M in total assets and serves 183 participants as of 2024. It is sponsored by OAK ELECTRIC SERVICE INC in Michigan. The plan reported positive net income of $1M for the year.
What the Filing Says About OAK ELECTRIC SERVICE INC EMPLOYEES 401(K) PROFIT SHARING PLAN
OAK ELECTRIC SERVICE INC EMPLOYEES 401(K) PROFIT SHARING PLAN is a 401(k) retirement plan sponsored by OAK ELECTRIC SERVICE INC, headquartered in Michigan. As of the 2024 Form 5500 filing, the plan reports $5M in total end-of-year assets and covers 183 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 383493492, and the plan has been effective since 1999-10-06. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $4M at the beginning of 2024 to $5M at year-end — a gain of 31.1%. Net assets (after liabilities) closed the year at $5M, with reported net income of $1M 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) | $4M |
| Total Assets (End of Year) | $5M |
| Net Assets (End of Year) | $5M |
| Net Income | $1M |
| Plan Type | 401(k) |
| Employer EIN | 383493492 |
| Plan Effective Date | 1999-10-06 |
| Filing Status | FILING RECEIVED |
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 383493492.
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.
Read our methodology — how this data is sourced, computed, and verified.