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GAULT ENERGY RETIREMENT PLAN 401k Plan overview

Plan NameGAULT ENERGY RETIREMENT PLAN
Plan identification number 001

GAULT ENERGY RETIREMENT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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

L.H. GAULT & SON, INC. DBA GAULT INC. has sponsored the creation of one or more 401k plans.

Company Name:L.H. GAULT & SON, INC. DBA GAULT INC.
Employer identification number (EIN):066057198
NAIC Classification:454311
NAIC Description:Fuel oil (i.e., heating) dealers, direct selling

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GAULT ENERGY RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01SAM GAULT SAM GAULT2014-10-15
0012012-01-01SAM GAULT SAM GAULT2013-10-14
0012011-01-01TED GIANNITTI TED GIANNITTI2012-10-15
0012009-01-01GIANNITTI GAULT2010-10-14

Plan Statistics for GAULT ENERGY RETIREMENT PLAN

401k plan membership statisitcs for GAULT ENERGY RETIREMENT PLAN

Measure Date Value
2013: GAULT ENERGY RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01156
Total number of active participants reported on line 7a of the Form 55002013-01-01107
Number of other retired or separated participants entitled to future benefits2013-01-0114
Total of all active and inactive participants2013-01-01121
Total participants2013-01-01121
Number of participants with account balances2013-01-0179
2012: GAULT ENERGY RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01120
Total number of active participants reported on line 7a of the Form 55002012-01-01134
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-018
Total of all active and inactive participants2012-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01142
Number of participants with account balances2012-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: GAULT ENERGY RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01135
Total number of active participants reported on line 7a of the Form 55002011-01-01112
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-018
Total of all active and inactive participants2011-01-01120
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01120
Number of participants with account balances2011-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2009: GAULT ENERGY RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01139
Total number of active participants reported on line 7a of the Form 55002009-01-0186
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0154
Total of all active and inactive participants2009-01-01140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01140
Number of participants with account balances2009-01-01116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-014

Financial Data on GAULT ENERGY RETIREMENT PLAN

Measure Date Value
2013 : GAULT ENERGY RETIREMENT PLAN 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,116,398
Total of all expenses incurred2013-12-31$4,101,563
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$4,093,218
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$390,034
Value of total assets at end of year2013-12-31$4,981,350
Value of total assets at beginning of year2013-12-31$7,966,515
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$8,345
Total interest from all sources2013-12-31$5,968
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$87,454
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$87,454
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
If this is an individual account plan, was there a blackout period2013-12-31No
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$331,022
Participant contributions at end of year2013-12-31$114,077
Participant contributions at beginning of year2013-12-31$150,577
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$11,623
Assets. Other investments not covered elsewhere at end of year2013-12-31$174,431
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$4,090,577
Other income not declared elsewhere2013-12-31$117,779
Liabilities. Value of operating payables at end of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$-2,985,165
Value of net assets at end of year (total assets less liabilities)2013-12-31$4,981,350
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$7,966,515
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$4,692,842
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$3,564,759
Interest on participant loans2013-12-31$5,915
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$147,009
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$147,009
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$53
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$515,163
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$59,012
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$1,970
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$4,093,218
Contract administrator fees2013-12-31$8,345
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BURRUANO DOLAN, LLP
Accountancy firm EIN2013-12-31061138540
2012 : GAULT ENERGY RETIREMENT PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$982,154
Total of all expenses incurred2012-12-31$242,225
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$235,025
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$318,241
Value of total assets at end of year2012-12-31$7,966,515
Value of total assets at beginning of year2012-12-31$7,226,586
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$7,200
Total interest from all sources2012-12-31$5,089
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$72,056
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$72,056
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$260,341
Participant contributions at end of year2012-12-31$150,577
Participant contributions at beginning of year2012-12-31$183,721
Participant contributions at end of year2012-12-31$11,623
Participant contributions at beginning of year2012-12-31$7,603
Assets. Other investments not covered elsewhere at end of year2012-12-31$4,090,577
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$4,110,283
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$4,227
Other income not declared elsewhere2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$739,929
Value of net assets at end of year (total assets less liabilities)2012-12-31$7,966,515
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,226,586
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$3,564,759
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,919,451
Interest on participant loans2012-12-31$5,089
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$147,009
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$3,780
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$3,780
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$586,768
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$53,673
Employer contributions (assets) at end of year2012-12-31$1,970
Employer contributions (assets) at beginning of year2012-12-31$1,748
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$235,025
Contract administrator fees2012-12-31$7,200
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31BURRUANO DOLAN, LLP
Accountancy firm EIN2012-12-31061138540
2011 : GAULT ENERGY RETIREMENT PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$565,538
Total of all expenses incurred2011-12-31$1,225,335
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,221,399
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$325,739
Value of total assets at end of year2011-12-31$7,226,586
Value of total assets at beginning of year2011-12-31$7,886,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$3,936
Total interest from all sources2011-12-31$6,248
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$59,914
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$59,914
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$266,525
Participant contributions at end of year2011-12-31$183,721
Participant contributions at beginning of year2011-12-31$195,269
Participant contributions at end of year2011-12-31$7,603
Participant contributions at beginning of year2011-12-31$18,227
Assets. Other investments not covered elsewhere at end of year2011-12-31$4,110,283
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$4,638,668
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$7,289
Other income not declared elsewhere2011-12-31$205,395
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-659,797
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,226,586
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$7,886,383
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,919,451
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,890,974
Interest on participant loans2011-12-31$6,248
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$3,780
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$139,310
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$139,310
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-31,758
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$51,925
Employer contributions (assets) at end of year2011-12-31$1,748
Employer contributions (assets) at beginning of year2011-12-31$3,935
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,221,399
Contract administrator fees2011-12-31$3,936
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31Yes
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31BURRANDO DOLAN, LLP
Accountancy firm EIN2011-12-31061138540
2009 : GAULT ENERGY RETIREMENT PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for GAULT ENERGY RETIREMENT PLAN

2013: GAULT ENERGY RETIREMENT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: GAULT ENERGY RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: GAULT ENERGY RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: GAULT ENERGY RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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