Magnetic Electric, Inc.

Betts Tax Services Inc. Registered 1505 Agent	34600 RYE LN, WILDOMAR, CA 92595
William R Vallone CEO	616 JACARANDA PL, FULLERTON, CA 92832
Gladys E Vallone Chief Financial Officer	616 JACARANDA PL, FULLERTON, CA 92832
William R Vallone Director	616 JACARANDA PL, FULLERTON, CA 92832
Gladys E Vallone Director	616 JACARANDA PL, FULLERTON, CA 92832
Gladys E Vallone Secretary	616 JACARANDA PL, FULLERTON, CA 92832

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159 E FREEDOM AVE, ANAHEIM, CA 92801 (Mailing) View Map

Form 5500

159 E Freedom Ave, Anaheim, Ca 92801 (714) 526-8024 EIN:33-0806167 Plan Admin:Vanessa Valdovinos

Year	Plan Name	Participants BOY/EOY	Assets BOY/EOY
2022	Plan NameMAGNETIC ELECTRIC INC 401(K) PLAN Plan #001 Participants BOY/EOY9 / 8 Assets BOY/EOY$561,418 / $219,112	2022	MAGNETIC ELECTRIC INC 401(K) PLAN - Plan #001	9 / 8	$561,418 / $219,112
2021	Plan NameMAGNETIC ELECTRIC INC 401(K) PLAN Plan #001 Participants BOY/EOY9 / 9 Assets BOY/EOY$455,576 / $561,418	2021	MAGNETIC ELECTRIC INC 401(K) PLAN - Plan #001	9 / 9	$455,576 / $561,418
2020	Plan NameMAGNETIC ELECTRIC INC 401(K) PLAN Plan #001 Participants BOY/EOY8 / 9 Assets BOY/EOY$342,278 / $455,576	2020	MAGNETIC ELECTRIC INC 401(K) PLAN - Plan #001	8 / 9	$342,278 / $455,576
2019	Plan NameMAGNETIC ELECTRIC INC 401 (K) PLAN Plan #001 Participants BOY/EOY8 / 8 Assets BOY/EOY$224,509 / $342,278	2019	MAGNETIC ELECTRIC INC 401 (K) PLAN - Plan #001	8 / 8	$224,509 / $342,278

Benefit & Retirement Plans based on Form 5500.

PPP Loans

159 E Freedom Ave, Anaheim, CA 92801-1006 Industry:Electrical Contractors and Other Wiring Installation Contractors

Loan Date	Approved	Forgiven	Lender	Jobs
01/28/2021	Approved$94,341 Forgiven$94,775 LenderFarmers & Merchants Bank of Long Beach Jobs8	01/28/2021	$94,341	$94,775	Farmers & Merchants Bank of Long Beach	8
04/12/2020	Approved$102,000 Forgiven$102,905 LenderFarmers & Merchants Bank of Long Beach Jobs8	04/12/2020	$102,000	$102,905	Farmers & Merchants Bank of Long Beach	8

PPP Loans based on Paycheck Protection Program.

Address Match:159 E Freedom Ave Anaheim, CA

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Related Business Names:

Magnetic Drive, Inc. (Formerly Tia Electric Company) Registered in New Jersey		View Report
Electric Magnetic Force, Inc. Registered in Nevada	Las Vegas, NV	View Report
U.S.A. Ingenious Magnetic Suspension Electric Inc Registered in California	Rowland Heights, CA	View Report

Street Match:E Freedom Ave Anaheim, CA

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The following government agencies have contributed data:

California Secretary of State U.S. Department of Labor U.S. Small Business Administration

Company Summary