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401K PETRO PACKAGING CO. INC 401k Plan overview

Plan Name401K PETRO PACKAGING CO. INC
Plan identification number 001

401K PETRO PACKAGING CO. INC 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PETRO PACKAGING CO., INC. has sponsored the creation of one or more 401k plans.

Company Name:PETRO PACKAGING CO., INC.
Employer identification number (EIN):221903115
NAIC Classification:326100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan 401K PETRO PACKAGING CO. INC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JOHN PETROZZIELLO2024-05-29
0012022-01-01JOHN PETROZZIELLO2023-07-20
0012021-01-01JOHN PETROZZIELLO2022-05-24
0012020-01-01JOHN PETROZZIELLO2021-07-07
0012019-01-01JOHN PETROZZIELLO2020-11-09
0012018-01-01JOHN PETROZZIELLO2019-06-13
0012017-01-01JOHN PETROZZIELLO2018-07-04
0012016-01-01JOHN PETROZZIELLO2017-05-25
0012015-01-01JOHN PETROZZIELLO2016-05-26
0012014-01-01JOHN PETROZZIELLO2015-09-02
0012013-01-01JOHN PETROZZIELLO2014-06-24
0012012-01-01JOHN PETROZZIELLO2013-07-25
0012011-01-01JOHN PETROZZIELLO2012-06-08
0012010-01-01JOHN PETROZZIELLO2011-08-04
0012009-01-01JOHN PETROZZIELLO
0012009-01-01JOHN PETROZZIELLO

Plan Statistics for 401K PETRO PACKAGING CO. INC

401k plan membership statisitcs for 401K PETRO PACKAGING CO. INC

Measure Date Value
2025: 401K PETRO PACKAGING CO. INC 2025 401k membership
Total number of particpants at beginning of year2025-05-2165
Total number of particpants at end of year2025-05-2164
Number of Participants With Account Balances2025-05-2138
2024: 401K PETRO PACKAGING CO. INC 2024 401k membership
Total number of particpants at beginning of year2024-05-2980
Total number of particpants at end of year2024-05-2964
Number of Participants With Account Balances2024-05-2938
2022: 401K PETRO PACKAGING CO. INC 2022 401k membership
Total number of particpants at beginning of year2022-05-2457
Total number of particpants at end of year2022-05-2462
Number of Participants With Account Balances2022-05-2442
2009: 401K PETRO PACKAGING CO. INC 2009 401k membership
Total participants, beginning-of-year2009-01-0164
Total number of active participants reported on line 7a of the Form 55002009-01-0151
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-013
Total of all active and inactive participants2009-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0154
Number of participants with account balances2009-01-0124
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on 401K PETRO PACKAGING CO. INC

Measure Date Value
2025 : 401K PETRO PACKAGING CO. INC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-214577
Net assets as of the end of the plan year2025-05-211675636
Total assets as of the beginning of the plan year2025-05-211334301
Value of plan covered by a fidelity bond2025-05-21134000
Participant contributions to plan in this plan year2025-05-21115709
Value of participant loans at end of plan year2025-05-2144698
Other income to plan in this plan year2025-05-21177675
Plan net income in this plan year2025-05-21341335
Net assets as of the end of the plan year2025-05-211675636
Net assets as of the beginning of the plan year2025-05-211334301
Employer contributions to plan in this plan year2025-05-2152528
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-21300
2024 : 401K PETRO PACKAGING CO. INC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-298117
Net assets as of the end of the plan year2024-05-291334301
Total assets as of the beginning of the plan year2024-05-291048637
Value of plan covered by a fidelity bond2024-05-29105000
Participant contributions to plan in this plan year2024-05-29107202
Value of participant loans at end of plan year2024-05-2959910
Other income to plan in this plan year2024-05-29138927
Plan net income in this plan year2024-05-29285664
Net assets as of the end of the plan year2024-05-291334301
Net assets as of the beginning of the plan year2024-05-291048637
Employer contributions to plan in this plan year2024-05-2947652
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-29831
2022 : 401K PETRO PACKAGING CO. INC 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-245181
Net assets as of the end of the plan year2022-05-241270774
Total assets as of the beginning of the plan year2022-05-241053732
Value of plan covered by a fidelity bond2022-05-24106000
Participant contributions to plan in this plan year2022-05-2459432
Value of participant loans at end of plan year2022-05-2426388
Other income to plan in this plan year2022-05-24162791
Plan net income in this plan year2022-05-24217042
Net assets as of the end of the plan year2022-05-241270774
Net assets as of the beginning of the plan year2022-05-241053732
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-24110
2009 : 401K PETRO PACKAGING CO. INC 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 401K PETRO PACKAGING CO. INC

2009: 401K PETRO PACKAGING CO. INC 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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