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SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN 401k Plan overview

Plan NameSOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN
Plan identification number 001

SOUTHEASTERN PETROLEUM CONTRACTORS, 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.
  • 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

SOUTHEASTERN PETROLEUM CONTRACTORS, has sponsored the creation of one or more 401k plans.

Company Name:SOUTHEASTERN PETROLEUM CONTRACTORS,
Employer identification number (EIN):260711122
NAIC Classification:238290
NAIC Description:Other Building Equipment Contractors

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01

Plan Statistics for SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN

401k plan membership statisitcs for SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN

Measure Date Value
2025: SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-3020
Total number of particpants at end of year2025-07-3021
Number of Participants With Account Balances2025-07-3021
2024: SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-0418
Total number of particpants at end of year2024-09-0419
Number of Participants With Account Balances2024-09-0419

Financial Data on SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN

Measure Date Value
2025 : SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-300
Total expenses incurred by plan in this plan year2025-07-3018051
Net assets as of the end of the plan year2025-07-301471141
Total assets as of the beginning of the plan year2025-07-301050049
Value of plan covered by a fidelity bond2025-07-30150000
Participant contributions to plan in this plan year2025-07-30111923
Value of participant loans at end of plan year2025-07-306073
Other expenses paid from plan in this plan year2025-07-300
Other contributions to plan in this plan year2025-07-3037480
Other income to plan in this plan year2025-07-30158640
Plan net income in this plan year2025-07-30421092
Net assets as of the end of the plan year2025-07-301471141
Net assets as of the beginning of the plan year2025-07-301050049
Employer contributions to plan in this plan year2025-07-30131100
Fees paid to broker by Benefit Provider2025-07-30572
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-3016864
2024 : SOUTHEASTERN PETROLEUM CONTRACTORS, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-0418071
Net assets as of the end of the plan year2024-09-041050049
Total assets as of the beginning of the plan year2024-09-04695615
Value of plan covered by a fidelity bond2024-09-04100000
Participant contributions to plan in this plan year2024-09-0493967
Value of participant loans at end of plan year2024-09-048621
Other expenses paid from plan in this plan year2024-09-040
Other contributions to plan in this plan year2024-09-040
Other income to plan in this plan year2024-09-04159597
Plan net income in this plan year2024-09-04354434
Net assets as of the end of the plan year2024-09-041050049
Net assets as of the beginning of the plan year2024-09-04695615
Employer contributions to plan in this plan year2024-09-04118941
Fees paid to broker by Benefit Provider2024-09-04380
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-0412454

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