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IRVING OIL TERMINALS, INC. PENSION PLAN 401k Plan overview

Plan NameIRVING OIL TERMINALS, INC. PENSION PLAN
Plan identification number 003

IRVING OIL TERMINALS, INC. PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Floor-offset plan - Plan benefits are subject to offset for retirement benefits provided by an employer-sponsored defined contribution plan.
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

IRVING OIL TERMINALS INC has sponsored the creation of one or more 401k plans.

Company Name:IRVING OIL TERMINALS INC
Employer identification number (EIN):043430664
NAIC Classification:424700

Additional information about IRVING OIL TERMINALS INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2932977

More information about IRVING OIL TERMINALS INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IRVING OIL TERMINALS, INC. PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01CARRIE SMITH2023-10-10 CARRIE SMITH2023-10-10
0032021-01-01CARRIE SMITH2022-07-25 CARRIE SMITH2022-07-25
0032020-01-01CARRIE SMITH2021-10-08 CARRIE SMITH2021-10-08
0032019-01-01CARRIE SMITH2020-10-07 CARRIE SMITH2020-10-07
0032018-01-01CARRIE SMITH2019-10-09 CARRIE SMITH2019-10-09
0032017-01-01CARRIE SMITH2018-10-10 CARRIE SMITH2018-10-10
0032016-01-01LYNN BALEMANS2017-09-28 LYNN BALEMANS2017-09-28
0032015-01-01LYNN BALEMANS2016-10-13 LYNN BALEMANS2016-10-13
0032014-01-01LYNN BALEMANS2015-10-14 LYNN BALEMANS2015-10-14
0032013-01-01LYNN BALEMANS2014-10-10 LYNN BALEMANS2014-10-10
0032012-01-01LYNN BALEMANS2013-09-26
0032011-01-01LYNN BALEMANS2012-10-15
0032010-01-01DANIEL T. BREEN2011-10-14

Plan Statistics for IRVING OIL TERMINALS, INC. PENSION PLAN

401k plan membership statisitcs for IRVING OIL TERMINALS, INC. PENSION PLAN

Measure Date Value
2022: IRVING OIL TERMINALS, INC. PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-312,675,813
Acturial value of plan assets2022-12-312,484,927
Funding target for retired participants and beneficiaries receiving payment2022-12-311,340,696
Number of terminated vested participants2022-12-313
Fundng target for terminated vested participants2022-12-31135,237
Active participant vested funding target2022-12-31702,236
Number of active participants2022-12-319
Total funding liabilities for active participants2022-12-31795,607
Total participant count2022-12-3118
Total funding target for all participants2022-12-312,271,540
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3157,224
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: IRVING OIL TERMINALS, INC. PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-312,517,705
Acturial value of plan assets2021-12-312,267,070
Funding target for retired participants and beneficiaries receiving payment2021-12-31940,773
Number of terminated vested participants2021-12-313
Fundng target for terminated vested participants2021-12-31123,472
Active participant vested funding target2021-12-31984,362
Number of active participants2021-12-3110
Total funding liabilities for active participants2021-12-311,057,876
Total participant count2021-12-3118
Total funding target for all participants2021-12-312,122,121
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-3113,580
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-3114,304
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3171,403
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: IRVING OIL TERMINALS, INC. PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-312,142,756
Acturial value of plan assets2020-12-312,050,947
Funding target for retired participants and beneficiaries receiving payment2020-12-311,060,718
Number of terminated vested participants2020-12-313
Fundng target for terminated vested participants2020-12-31119,475
Active participant vested funding target2020-12-31917,495
Number of active participants2020-12-318
Total funding liabilities for active participants2020-12-31959,254
Total participant count2020-12-3116
Total funding target for all participants2020-12-312,139,447
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-316
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-316
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-3188,200
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-3184,829
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3154,392
Net shortfall amortization installment of oustanding balance2020-12-3188,500
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-3171,249
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-3171,249
Contributions allocatedtoward minimum required contributions for current year2020-12-3184,829
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: IRVING OIL TERMINALS, INC. PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-311,795,117
Acturial value of plan assets2019-12-311,888,525
Funding target for retired participants and beneficiaries receiving payment2019-12-31895,852
Number of terminated vested participants2019-12-313
Fundng target for terminated vested participants2019-12-31109,956
Active participant vested funding target2019-12-311,025,476
Number of active participants2019-12-316
Total funding liabilities for active participants2019-12-311,045,485
Total participant count2019-12-3113
Total funding target for all participants2019-12-312,051,293
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31462
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31488
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3190,200
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3185,513
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3132,976
Net shortfall amortization installment of oustanding balance2019-12-31162,768
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3185,507
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3185,507
Contributions allocatedtoward minimum required contributions for current year2019-12-3185,513
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: IRVING OIL TERMINALS, INC. PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-311,827,290
Acturial value of plan assets2018-12-311,752,154
Funding target for retired participants and beneficiaries receiving payment2018-12-31516,266
Number of terminated vested participants2018-12-313
Fundng target for terminated vested participants2018-12-31100,766
Active participant vested funding target2018-12-311,284,609
Number of active participants2018-12-317
Total funding liabilities for active participants2018-12-311,290,288
Total participant count2018-12-3112
Total funding target for all participants2018-12-311,907,320
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31258
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31273
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31114,623
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31109,890
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3164,473
Net shortfall amortization installment of oustanding balance2018-12-31155,166
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-31109,428
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-31109,428
Contributions allocatedtoward minimum required contributions for current year2018-12-31109,890
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: IRVING OIL TERMINALS, INC. PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-311,524,884
Acturial value of plan assets2017-12-311,549,255
Funding target for retired participants and beneficiaries receiving payment2017-12-31504,220
Number of terminated vested participants2017-12-312
Fundng target for terminated vested participants2017-12-3175,573
Active participant vested funding target2017-12-311,130,477
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-311,133,039
Total participant count2017-12-3111
Total funding target for all participants2017-12-311,712,832
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31424
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31450
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31136,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31129,330
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3188,273
Net shortfall amortization installment of oustanding balance2017-12-31163,577
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-31129,072
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-31129,072
Contributions allocatedtoward minimum required contributions for current year2017-12-31129,330
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: IRVING OIL TERMINALS, INC. PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-311,339,892
Acturial value of plan assets2016-12-311,392,626
Funding target for retired participants and beneficiaries receiving payment2016-12-3120,665
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3168,649
Active participant vested funding target2016-12-311,393,963
Number of active participants2016-12-318
Total funding liabilities for active participants2016-12-311,395,848
Total participant count2016-12-3111
Total funding target for all participants2016-12-311,485,162
Balance at beginning of prior year after applicable adjustments2016-12-312,384
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-312,384
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-31105,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31100,735
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3174,849
Net shortfall amortization installment of oustanding balance2016-12-3192,536
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-31100,311
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-31100,311
Contributions allocatedtoward minimum required contributions for current year2016-12-31100,735
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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