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DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan NameDEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN
Plan identification number 001

DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

DEEP WELL TUBULAR SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:DEEP WELL TUBULAR SERVICES, INC.
Employer identification number (EIN):020700928
NAIC Classification:211120
NAIC Description:Crude Petroleum Extraction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01JAMES MCKANNA
0012023-01-01
0012023-01-01JAMES MCKANNA
0012022-01-01
0012022-01-01JAMES MCKANNA
0012021-01-01
0012021-01-01JAMES MCKANNA
0012020-01-01
0012019-01-01
0012018-01-01JAMES MCKANNA
0012017-01-01JAMES MCKANNA
0012016-01-01JAMES MCKANNA
0012016-01-01JAMES MCKANNA
0012014-01-01JAMES MCKANNA2015-10-06
0012013-01-01JAMES MCKANNA2014-10-14
0012012-01-01JAMES MCKANNA2013-10-09
0012011-01-01JAMES MCKANNA2012-10-11
0012010-01-01JAMES MCKANNA2011-10-12

Plan Statistics for DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN

401k plan membership statisitcs for DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN

Measure Date Value
2023: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0113
Total number of active participants reported on line 7a of the Form 55002023-01-0111
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-012
Total of all active and inactive participants2023-01-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0113
Number of participants with account balances2023-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0111
Total number of active participants reported on line 7a of the Form 55002022-01-0113
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-012
Total of all active and inactive participants2022-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0115
Number of participants with account balances2022-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0111
Total number of active participants reported on line 7a of the Form 55002021-01-019
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-012
Total of all active and inactive participants2021-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0111
Number of participants with account balances2021-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0119
Total number of active participants reported on line 7a of the Form 55002020-01-017
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0111
Number of participants with account balances2020-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0115
Total number of active participants reported on line 7a of the Form 55002019-01-0115
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-013
Total of all active and inactive participants2019-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0118
Number of participants with account balances2019-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0115
Total number of active participants reported on line 7a of the Form 55002018-01-0113
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-012
Total of all active and inactive participants2018-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-0115
Number of participants with account balances2018-01-0114
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0117
Total number of active participants reported on line 7a of the Form 55002017-01-0114
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-011
Total of all active and inactive participants2017-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0115
Number of participants with account balances2017-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0117
Total number of active participants reported on line 7a of the Form 55002016-01-0115
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-012
Total of all active and inactive participants2016-01-0117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0117
Number of participants with account balances2016-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN

Measure Date Value
2023 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2023 401k financial data
Total income from all sources2023-12-31$123,086
Expenses. Total of all expenses incurred2023-12-31$39,927
Benefits paid (including direct rollovers)2023-12-31$28,780
Total plan assets at end of year2023-12-31$814,204
Total plan assets at beginning of year2023-12-31$731,045
Value of fidelity bond covering the plan2023-12-31$81,000
Total contributions received or receivable from participants2023-12-31$1,243
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$120,849
Net income (gross income less expenses)2023-12-31$83,159
Net plan assets at end of year (total assets less liabilities)2023-12-31$814,204
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$731,045
Assets. Value of participant loans2023-12-31$24,329
Total contributions received or receivable from employer(s)2023-12-31$994
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$11,147
2022 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2022 401k financial data
Total income from all sources2022-12-31$-140,039
Expenses. Total of all expenses incurred2022-12-31$11,985
Benefits paid (including direct rollovers)2022-12-31$0
Total plan assets at end of year2022-12-31$731,045
Total plan assets at beginning of year2022-12-31$883,069
Value of fidelity bond covering the plan2022-12-31$81,000
Total contributions received or receivable from participants2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-140,039
Net income (gross income less expenses)2022-12-31$-152,024
Net plan assets at end of year (total assets less liabilities)2022-12-31$731,045
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$883,069
Assets. Value of participant loans2022-12-31$15,787
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$11,985
2021 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2021 401k financial data
Total income from all sources2021-12-31$103,498
Expenses. Total of all expenses incurred2021-12-31$11,815
Benefits paid (including direct rollovers)2021-12-31$62
Total plan assets at end of year2021-12-31$883,069
Total plan assets at beginning of year2021-12-31$791,386
Value of fidelity bond covering the plan2021-12-31$81,000
Total contributions received or receivable from participants2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$103,498
Net income (gross income less expenses)2021-12-31$91,683
Net plan assets at end of year (total assets less liabilities)2021-12-31$883,069
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$791,386
Assets. Value of participant loans2021-12-31$31,668
Total contributions received or receivable from employer(s)2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$11,753
2020 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources2020-12-31$125,640
Expenses. Total of all expenses incurred2020-12-31$485,329
Benefits paid (including direct rollovers)2020-12-31$471,471
Total plan assets at end of year2020-12-31$791,386
Total plan assets at beginning of year2020-12-31$1,151,075
Value of fidelity bond covering the plan2020-12-31$81,000
Total contributions received or receivable from participants2020-12-31$40,099
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$62,285
Net income (gross income less expenses)2020-12-31$-359,689
Net plan assets at end of year (total assets less liabilities)2020-12-31$791,386
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$1,151,075
Assets. Value of participant loans2020-12-31$18,709
Total contributions received or receivable from employer(s)2020-12-31$23,256
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$13,858
2019 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources2019-12-31$335,919
Expenses. Total of all expenses incurred2019-12-31$262,151
Benefits paid (including direct rollovers)2019-12-31$246,430
Total plan assets at end of year2019-12-31$1,151,075
Total plan assets at beginning of year2019-12-31$1,077,307
Value of fidelity bond covering the plan2019-12-31$81,000
Total contributions received or receivable from participants2019-12-31$63,252
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$0
Other income received2019-12-31$234,058
Net income (gross income less expenses)2019-12-31$73,768
Net plan assets at end of year (total assets less liabilities)2019-12-31$1,151,075
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,077,307
Assets. Value of participant loans2019-12-31$55,703
Total contributions received or receivable from employer(s)2019-12-31$38,609
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$15,721
2018 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources2018-12-31$103,564
Expenses. Total of all expenses incurred2018-12-31$49,088
Benefits paid (including direct rollovers)2018-12-31$33,303
Total plan assets at end of year2018-12-31$1,077,307
Total plan assets at beginning of year2018-12-31$1,022,831
Value of fidelity bond covering the plan2018-12-31$81,000
Total contributions received or receivable from participants2018-12-31$107,829
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-63,486
Net income (gross income less expenses)2018-12-31$54,476
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,077,307
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,022,831
Assets. Value of participant loans2018-12-31$26,246
Total contributions received or receivable from employer(s)2018-12-31$59,221
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$15,785
2017 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources2017-12-31$278,451
Expenses. Total of all expenses incurred2017-12-31$55,844
Benefits paid (including direct rollovers)2017-12-31$43,628
Total plan assets at end of year2017-12-31$1,022,831
Total plan assets at beginning of year2017-12-31$800,224
Value of fidelity bond covering the plan2017-12-31$81,000
Total contributions received or receivable from participants2017-12-31$80,199
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$149,667
Net income (gross income less expenses)2017-12-31$222,607
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,022,831
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$800,224
Assets. Value of participant loans2017-12-31$16,565
Total contributions received or receivable from employer(s)2017-12-31$48,585
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$12,216
2016 : DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources2016-12-31$224,194
Expenses. Total of all expenses incurred2016-12-31$31,644
Benefits paid (including direct rollovers)2016-12-31$23,846
Total plan assets at end of year2016-12-31$800,224
Total plan assets at beginning of year2016-12-31$607,674
Value of fidelity bond covering the plan2016-12-31$81,000
Total contributions received or receivable from participants2016-12-31$120,673
Assets. Value of loans (other than to participants)2016-12-31$28,585
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$59,811
Net income (gross income less expenses)2016-12-31$192,550
Net plan assets at end of year (total assets less liabilities)2016-12-31$800,224
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$607,674
Assets. Value of participant loans2016-12-31$28,585
Total contributions received or receivable from employer(s)2016-12-31$43,710
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$7,798

Form 5500 Responses for DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN

2023: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: DEEP WELL TUBULAR SERVICES, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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