Cupertino Electric, Inc. 401(k) Plan: Login, Facts & Contact Information

Cupertino Electric, Inc. 401(k) Plan Facts

Plan name
CUPERTINO ELECTRIC, INC. PROFIT SHARING AND 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CUPERTINO ELECTRIC, INC.
Participants
790 (817 active employees)
Former employees with a balance
272
Plan assets
$107,104,585 at Dec 31, 2023
Average account balance
$102,297 across 1,047 accounts
Employer contributions
$3,731,708 in plan year 2023 (26% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Dec 31, 1963
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 14, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $14.2 million went into the plan in contributions, $3.73 million of it from the employer (26%).
  • $9.09 million was paid out to participants.
  • Investment and other income added $15.7 million.
  • Administrative expenses were $67,619, about $65 per account.

How the Cupertino Electric, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018718$48.9 million$1.90 million$9.58 million
2019852$65.5 million$2.78 million$2.83 million
2020954$80.4 million$2.35 million$5.70 million
2021923$97.1 million$2.95 million$6.91 million
2022960$86.3 million$3.34 million$6.70 million
2023790$107.1 million$3.73 million$9.09 million

Cupertino Electric, Inc. 401(k) Contact Information

Phone
408-808-8000
Mailing address
1132 NORTH 7TH STREET, SAN JOSE CA 95123
Plan sponsor
CUPERTINO ELECTRIC, INC.
Employer identification number (EIN)
94-1403967
Plan number
006

Questions about the Cupertino Electric, Inc. 401(k)

Does Cupertino Electric, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $3.73 million, 26% of all contributions.

Does the Cupertino Electric, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Cupertino Electric, Inc 401(k) plan?

790 participants at the start of plan year 2023, 817 of them active employees, and 272 former employees who still had money in the plan.

What is the average 401(k) balance at Cupertino Electric, Inc?

About $102,297 per account: $107.1 million in plan assets across 1,047 accounts with a balance at the end of plan year 2023.

Who manages the Cupertino Electric, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Cupertino Electric, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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