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OSG BULK SHIPS, INC. 401(K) PLAN 401k Plan overview

Plan NameOSG BULK SHIPS, INC. 401(K) PLAN
Plan identification number 001

OSG BULK SHIPS, INC. 401(K) 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

OSG CAR CARRIERS, INC. has sponsored the creation of one or more 401k plans.

Company Name:OSG CAR CARRIERS, INC.
Employer identification number (EIN):133141608
NAIC Classification:483000
NAIC Description: Water Transportation

Additional information about OSG CAR CARRIERS, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1974-04-24
Company Identification Number: 341804
Legal Registered Office Address: 80 STATE STREET
NEW YORK
ALBANY
United States of America (USA)
12207-2543

More information about OSG CAR CARRIERS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OSG BULK SHIPS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01DEANNA MARSHALL DEANNA MARSHALL2014-10-13
0012012-01-01DEANNA MARSHALL
0012011-01-01MELBA C. VASTI

Plan Statistics for OSG BULK SHIPS, INC. 401(K) PLAN

401k plan membership statisitcs for OSG BULK SHIPS, INC. 401(K) PLAN

Measure Date Value
2013: OSG BULK SHIPS, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01187
Total number of active participants reported on line 7a of the Form 55002013-01-01131
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0158
Total of all active and inactive participants2013-01-01189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01189
Number of participants with account balances2013-01-01184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: OSG BULK SHIPS, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01186
Total number of active participants reported on line 7a of the Form 55002012-01-01124
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0163
Total of all active and inactive participants2012-01-01187
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01187
Number of participants with account balances2012-01-01182
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: OSG BULK SHIPS, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01165
Total number of active participants reported on line 7a of the Form 55002011-01-01129
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0157
Total of all active and inactive participants2011-01-01186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01186
Number of participants with account balances2011-01-01174
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on OSG BULK SHIPS, INC. 401(K) PLAN

Measure Date Value
2013 : OSG BULK SHIPS, INC. 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning 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$3,491,126
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,286,643
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,285,768
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,288,604
Value of total assets at end of year2013-12-31$14,033,103
Value of total assets at beginning of year2013-12-31$11,828,620
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$875
Total interest from all sources2013-12-31$5,434
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$483,459
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$483,459
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$15,000,000
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$1,288,604
Participant contributions at end of year2013-12-31$134,962
Participant contributions at beginning of year2013-12-31$78,645
Other income not declared elsewhere2013-12-31$149
Administrative expenses (other) incurred2013-12-31$875
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$2,204,483
Value of net assets at end of year (total assets less liabilities)2013-12-31$14,033,103
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$11,828,620
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$12,936,566
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$10,554,907
Interest on participant loans2013-12-31$5,434
Value of interest in common/collective trusts at end of year2013-12-31$961,575
Value of interest in common/collective trusts at beginning of year2013-12-31$1,195,068
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,696,028
Net investment gain or loss from common/collective trusts2013-12-31$17,452
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,285,768
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
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 name2013-12-31MAYER HOFFMAN MCCANN P.C.
Accountancy firm EIN2013-12-31431947695
2012 : OSG BULK SHIPS, INC. 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$2,367,766
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$334,209
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$333,448
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,203,222
Value of total assets at end of year2012-12-31$11,828,620
Value of total assets at beginning of year2012-12-31$9,795,063
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$761
Total interest from all sources2012-12-31$5,692
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$296,858
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$296,858
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$15,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,203,222
Participant contributions at end of year2012-12-31$78,645
Participant contributions at beginning of year2012-12-31$96,664
Administrative expenses (other) incurred2012-12-31$761
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$2,033,557
Value of net assets at end of year (total assets less liabilities)2012-12-31$11,828,620
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$9,795,063
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$10,554,907
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$8,467,048
Interest on participant loans2012-12-31$5,692
Value of interest in common/collective trusts at end of year2012-12-31$1,195,068
Value of interest in common/collective trusts at beginning of year2012-12-31$1,231,351
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$832,819
Net investment gain/loss from pooled separate accounts2012-12-31$29,175
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 contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$333,448
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 name2012-12-31MAYER HOFFMAN MCCANN P.C.
Accountancy firm EIN2012-12-31431947695
2011 : OSG BULK SHIPS, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$999,689
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$144,833
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$141,220
Expenses. Certain deemed distributions of participant loans2011-12-31$2,620
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,055,064
Value of total assets at end of year2011-12-31$9,795,063
Value of total assets at beginning of year2011-12-31$8,940,207
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$993
Total interest from all sources2011-12-31$9,116
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$214,625
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$214,625
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$15,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,055,064
Participant contributions at end of year2011-12-31$96,664
Participant contributions at beginning of year2011-12-31$129,922
Administrative expenses (other) incurred2011-12-31$993
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$854,856
Value of net assets at end of year (total assets less liabilities)2011-12-31$9,795,063
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$8,940,207
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$8,467,048
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$7,655,244
Interest on participant loans2011-12-31$9,116
Value of interest in common/collective trusts at end of year2011-12-31$1,231,351
Value of interest in common/collective trusts at beginning of year2011-12-31$1,155,041
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-313,406
Net investment gain or loss from common/collective trusts2011-12-31$34,290
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$141,220
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
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 name2011-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2011-12-31431947695
2010 : OSG BULK SHIPS, INC. 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,815,490
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$233,383
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$232,649
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$929,853
Value of total assets at end of year2010-12-31$8,940,207
Value of total assets at beginning of year2010-12-31$7,358,100
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$734
Total interest from all sources2010-12-31$3,353
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$159,949
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$159,949
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$929,853
Participant contributions at end of year2010-12-31$129,922
Participant contributions at beginning of year2010-12-31$60,483
Administrative expenses (other) incurred2010-12-31$734
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,582,107
Value of net assets at end of year (total assets less liabilities)2010-12-31$8,940,207
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$7,358,100
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$7,655,244
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$6,222,737
Interest on participant loans2010-12-31$3,353
Value of interest in common/collective trusts at end of year2010-12-31$1,155,041
Value of interest in common/collective trusts at beginning of year2010-12-31$1,074,880
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$688,622
Net investment gain or loss from common/collective trusts2010-12-31$33,713
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$232,649
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MAYER HOFFMAN MCCANN P.C.
Accountancy firm EIN2010-12-31431947695

Form 5500 Responses for OSG BULK SHIPS, INC. 401(K) PLAN

2013: OSG BULK SHIPS, INC. 401(K) 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: OSG BULK SHIPS, INC. 401(K) 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: OSG BULK SHIPS, INC. 401(K) 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

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