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  5. Loen Electric, Inc.

Loen Electric, Inc.

Company Details

Name: Loen Electric, Inc.
Jurisdiction: Minnesota
Legal type: Business Corporation (Domestic)
Status: Active / In Good Standing
Date formed: 26 Sep 1978 (46 years ago)
Company Number: 9279cae3-9cd4-e011-a886-001ec94ffe7f
File Number: 3G-1147
Registered Office Address: 2125 Minnesota Ave, Benson, MN 56215, USA
Principal Executive Office Address: 2125 MINNESOTA AVE, BENSON, MN 56215–2101, USA
ZIP code: 56215
County: Swift County
Place of Formation: Minnesota

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2023 411334398 2024-09-19 LOEN ELECTRIC, INC 32
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2024-09-19
Name of individual signing ERIC LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2022 411334398 2023-06-12 LOEN ELECTRIC, INC 35
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2023-06-12
Name of individual signing ERIC LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2021 411334398 2022-04-13 LOEN ELECTRIC, INC 36
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2022-04-13
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2020 411334398 2021-08-26 LOEN ELECTRIC, INC 38
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2021-08-26
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2019 411334398 2020-08-24 LOEN ELECTRIC, INC 33
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2020-08-24
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2018 411334398 2019-10-02 LOEN ELECTRIC, INC 33
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2019-10-02
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2017 411334398 2018-10-15 LOEN ELECTRIC, INC 33
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2125 MINNESOTA AVE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2018-10-15
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2016 411334398 2017-03-17 LOEN ELECTRIC, INC 33
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2110 HALL AVENUE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2110 HALL AVENUE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2017-03-17
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2015 411334398 2016-07-29 LOEN ELECTRIC, INC 30
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2110 HALL AVENUE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2110 HALL AVENUE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2016-07-29
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature
LOEN ELECTRIC SAFE HARBOR 401K PLAN 2014 411334398 2015-06-02 LOEN ELECTRIC, INC 27
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2005-01-01
Business code 238210
Sponsor’s telephone number 3208434636
Plan sponsor’s address 2110 HALL AVENUE, BENSON, MN, 562152109

Plan administrator’s name and address
Administrator’s EIN 411334398
Plan administrator’s name LOEN ELECTRIC, INC
Plan administrator’s address 2110 HALL AVENUE, BENSON, MN, 562152109
Administrator’s telephone number 3208434636

Signature of
Role Plan administrator
Date 2015-06-02
Name of individual signing STEVE LOEN
Valid signature Filed with authorized/valid electronic signature

Chief Executive Officer

Name Role Address
Eric Loen Chief Executive Officer 2125 MINNESOTA AVE, BENSON, MN 56215–2101, USA

Filing

Filing Name Filing date
Registered Office and/or Agent - Business Corporation (Domestic) 2001-02-09
Business Corporation (Domestic) Active Status Report 1982-07-07
Original Filing - Business Corporation (Domestic) 1978-09-26
Business Corporation (Domestic) Business Name (Business Name: Loen Electric, Inc.) 1978-09-26

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5178248602 2021-03-20 0508 PPP 2125 Minnesota Ave, Benson, MN, 56215-2101
Loan Status Date 2021-12-15
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 407967
Loan Approval Amount (current) 407967
Undisbursed Amount 0
Franchise Name -
Lender Location ID 38908
Servicing Lender Name Bremer Bank, National Association
Servicing Lender Address 372 St. Peter St, SAINT PAUL, MN, 55102-1302
Rural or Urban Indicator R
Hubzone Y
LMI N
Business Age Description Existing or more than 2 years old
Project Address Benson, SWIFT, MN, 56215-2101
Project Congressional District MN-07
Number of Employees 27
NAICS code 238210
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 38908
Originating Lender Name Bremer Bank, National Association
Originating Lender Address SAINT PAUL, MN
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 410660.7
Forgiveness Paid Date 2021-11-22

Motor Carrier Census

USDOT Number Carrier Operation MCS-150 Form Date MCS-150 Mileage MCS-150 Year Power Units Drivers Operation Classification
1324709 Intrastate Non-Hazmat 2024-09-03 150000 2023 24 20 Private(Property)
Legal Name LOEN ELECTRIC INC
DBA Name ALEXANDRIA ELECTRIC
Physical Address 2125 MINNESOTA AVE, BENSON, MN, 56215, US
Mailing Address 2125 MINNESOTA AVE, BENSON, MN, 56215, US
Phone (320) 843-4636
Fax (320) 843-4649
E-mail ANNA@LOENELECTRIC.COM

Safety Measurement System - All Transportation
Total Number of Inspections for the measurement period (24 months) 0
Driver Fitness BASIC Serious Violation Indicator No
Vehicle Maintenance BASIC Acute/Critical Indicator No
Unsafe Driving BASIC Acute/Critical Indicator No
Driver Fitness BASIC Roadside Performance measure value 0
Hours-of-Service (HOS) Compliance BASIC Roadside Performance measure value 0
Total Number of Driver Inspections for the measurment period 0
Vehicle Maintenance BASIC Roadside Performance measure value 0
Total Number of Vehicle Inspections for the measurement period 0
Controlled Substances and Alcohol BASIC Roadside Performance measure value 0
Unsafe Driving BASIC Roadside Performance Measure Value 0
Number of inspections with at least one Driver Fitness BASIC violation 0
Number of inspections with at least one Hours-of-Service BASIC violation 0
Total Number of Driver Inspections containing at least one Driver Out-of-Service Violation 0
Number of inspections with at least one Vehicle Maintenance BASIC violation 0
Total Number of Vehicle Inspections containing at least one Vehicle Out-of-Service violation 0
Number of inspections with at least one Controlled Substances and Alcohol BASIC violation 0
Number of inspections with at least one Unsafe Driving BASIC violation 0

Related by officers

Eric Loen

Alexandria Electric

Related by address

2125 MINNESOTA AVE, BENSON, MN 56215–2101, USA

LOEN PROPERTIES, LLC

Date of last update: 07 Feb 2025

Sources: Minnesota's Official State Website

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