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PEAK OILFIELD SERVICES 401(K) PLAN 401k Plan overview

Plan NamePEAK OILFIELD SERVICES 401(K) PLAN
Plan identification number 001

PEAK OILFIELD SERVICES 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.
  • Plan covering Self-Employed individuals.
  • 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

PEAK OILFIELD SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name:PEAK OILFIELD SERVICES, LLC
Employer identification number (EIN):300797108
NAIC Classification:211110
NAIC Description: Oil and Gas Extraction, Oil

Additional information about PEAK OILFIELD SERVICES, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2013-08-09
Company Identification Number: 0801831444
Legal Registered Office Address: PO BOX 1715
SUITE 1300 AUSTIN
GAINESVILLE
United States of America (USA)
76241

More information about PEAK OILFIELD SERVICES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PEAK OILFIELD SERVICES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01CHRISTY SANDERS
0012017-01-01CHRISTY SANDERS
0012016-04-04PAT ANDERLE
0012016-04-04PAT ANDERLE

Plan Statistics for PEAK OILFIELD SERVICES 401(K) PLAN

401k plan membership statisitcs for PEAK OILFIELD SERVICES 401(K) PLAN

Measure Date Value
2017: PEAK OILFIELD SERVICES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01160
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-010
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PEAK OILFIELD SERVICES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-04-04157
Total number of active participants reported on line 7a of the Form 55002016-04-04160
Number of retired or separated participants receiving benefits2016-04-040
Number of other retired or separated participants entitled to future benefits2016-04-040
Total of all active and inactive participants2016-04-04160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-04-040
Total participants2016-04-04160
Number of participants with account balances2016-04-0417
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-04-040

Financial Data on PEAK OILFIELD SERVICES 401(K) PLAN

Measure Date Value
2017 : PEAK OILFIELD SERVICES 401(K) PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-07-03$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-07-03$0
Total unrealized appreciation/depreciation of assets2017-07-03$0
Total transfer of assets to this plan2017-07-03$0
Total transfer of assets from this plan2017-07-03$800,464
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-07-03$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-07-03$0
Expenses. Interest paid2017-07-03$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022017-07-03$0
Total income from all sources (including contributions)2017-07-03$126,477
Total loss/gain on sale of assets2017-07-03$0
Total of all expenses incurred2017-07-03$16,485
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-07-03$16,310
Expenses. Certain deemed distributions of participant loans2017-07-03$0
Value of total corrective distributions2017-07-03$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-07-03$61,658
Value of total assets at end of year2017-07-03$0
Value of total assets at beginning of year2017-07-03$690,472
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-07-03$175
Total income from rents2017-07-03$0
Total interest from all sources2017-07-03$1,270
Total dividends received (eg from common stock, registered investment company shares)2017-07-03$10,984
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-07-03Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2017-07-03$0
Total dividends received from registered investment company shares (eg mutual funds)2017-07-03$10,984
Assets. Real estate other than employer real property at end of year2017-07-03$0
Assets. Real estate other than employer real property at beginning of year2017-07-03$0
Administrative expenses professional fees incurred2017-07-03$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2017-07-03$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2017-07-03$0
Was this plan covered by a fidelity bond2017-07-03Yes
Value of fidelity bond cover2017-07-03$500,000
If this is an individual account plan, was there a blackout period2017-07-03No
Were there any nonexempt tranactions with any party-in-interest2017-07-03No
Contributions received from participants2017-07-03$54,807
Participant contributions at end of year2017-07-03$0
Participant contributions at beginning of year2017-07-03$60,939
Participant contributions at end of year2017-07-03$0
Participant contributions at beginning of year2017-07-03$0
Assets. Other investments not covered elsewhere at end of year2017-07-03$0
Assets. Other investments not covered elsewhere at beginning of year2017-07-03$0
Income. Received or receivable in cash from other sources (including rollovers)2017-07-03$6,851
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-07-03$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-07-03$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-07-03$0
Assets. Loans (other than to participants) at end of year2017-07-03$0
Assets. Loans (other than to participants) at beginning of year2017-07-03$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2017-07-03$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-07-03$0
Other income not declared elsewhere2017-07-03$0
Administrative expenses (other) incurred2017-07-03$175
Liabilities. Value of operating payables at end of year2017-07-03$0
Liabilities. Value of operating payables at beginning of year2017-07-03$0
Total non interest bearing cash at end of year2017-07-03$0
Total non interest bearing cash at beginning of year2017-07-03$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-07-03No
Income. Non cash contributions2017-07-03$0
Value of net income/loss2017-07-03$109,992
Value of net assets at end of year (total assets less liabilities)2017-07-03$0
Value of net assets at beginning of year (total assets less liabilities)2017-07-03$690,472
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-07-03No
Were any loans by the plan or fixed income obligations due to the plan in default2017-07-03No
Were any leases to which the plan was party in default or uncollectible2017-07-03No
Assets. partnership/joint venture interests at end of year2017-07-03$0
Assets. partnership/joint venture interests at beginning of year2017-07-03$0
Investment advisory and management fees2017-07-03$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-07-03$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-07-03$597,665
Value of interest in pooled separate accounts at end of year2017-07-03$0
Value of interest in pooled separate accounts at beginning of year2017-07-03$0
Interest on participant loans2017-07-03$1,270
Income. Interest from loans (other than to participants)2017-07-03$0
Interest earned on other investments2017-07-03$0
Income. Interest from US Government securities2017-07-03$0
Income. Interest from corporate debt instruments2017-07-03$0
Value of interest in master investment trust accounts at end of year2017-07-03$0
Value of interest in master investment trust accounts at beginning of year2017-07-03$0
Value of interest in common/collective trusts at end of year2017-07-03$0
Value of interest in common/collective trusts at beginning of year2017-07-03$31,868
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-07-03$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-07-03$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-07-03$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-07-03$0
Assets. Value of investments in 103.12 investment entities at end of year2017-07-03$0
Assets. Value of investments in 103.12 investment entities at beginning of year2017-07-03$0
Expenses. Payments to insurance carriers foe the provision of benefits2017-07-03$0
Asset value of US Government securities at end of year2017-07-03$0
Asset value of US Government securities at beginning of year2017-07-03$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-07-03$52,496
Net investment gain/loss from pooled separate accounts2017-07-03$0
Net investment gain or loss from common/collective trusts2017-07-03$69
Net gain/loss from 103.12 investment entities2017-07-03$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-07-03No
Was there a failure to transmit to the plan any participant contributions2017-07-03No
Has the plan failed to provide any benefit when due under the plan2017-07-03No
Assets. Invements in employer securities at end of year2017-07-03$0
Assets. Invements in employer securities at beginning of year2017-07-03$0
Assets. Value of employer real property at end of year2017-07-03$0
Assets. Value of employer real property at beginning of year2017-07-03$0
Contributions received in cash from employer2017-07-03$0
Employer contributions (assets) at end of year2017-07-03$0
Employer contributions (assets) at beginning of year2017-07-03$0
Income. Dividends from preferred stock2017-07-03$0
Income. Dividends from common stock2017-07-03$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-07-03$16,310
Asset. Corporate debt instrument preferred debt at end of year2017-07-03$0
Asset. Corporate debt instrument preferred debt at beginning of year2017-07-03$0
Asset. Corporate debt instrument debt (other) at end of year2017-07-03$0
Asset. Corporate debt instrument debt (other) at beginning of year2017-07-03$0
Contract administrator fees2017-07-03$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-07-03No
Assets. Corporate common stocks other than exployer securities at end of year2017-07-03$0
Assets. Corporate common stocks other than exployer securities at beginning of year2017-07-03$0
Liabilities. Value of benefit claims payable at end of year2017-07-03$0
Liabilities. Value of benefit claims payable at beginning of year2017-07-03$0
Assets. Value of buildings and other operty used in plan operation at end of year2017-07-03$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2017-07-03$0
Did the plan have assets held for investment2017-07-03No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-07-03No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-07-03Yes
Aggregate proceeds on sale of assets2017-07-03$0
Aggregate carrying amount (costs) on sale of assets2017-07-03$0
Liabilities. Value of acquisition indebtedness at end of year2017-07-03$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-07-03$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-07-03Yes
Opinion of an independent qualified public accountant for this plan2017-07-03Disclaimer
Accountancy firm name2017-07-03PANNELL KERR FORSTER OF TEXAS P.C
Accountancy firm EIN2017-07-03760356844
2016 : PEAK OILFIELD SERVICES 401(K) PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$0
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Expenses. Interest paid2016-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022016-12-31$0
Total income from all sources (including contributions)2016-12-31$710,789
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$20,317
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$16,006
Expenses. Certain deemed distributions of participant loans2016-12-31$4,036
Value of total corrective distributions2016-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$672,850
Value of total assets at end of year2016-12-31$690,472
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$275
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$1,281
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$22,380
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$22,380
Assets. Real estate other than employer real property at end of year2016-12-31$0
Assets. Real estate other than employer real property at beginning of year2016-12-31$0
Administrative expenses professional fees incurred2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$43,294
Participant contributions at end of year2016-12-31$60,939
Participant contributions at beginning of year2016-12-31$0
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$0
Assets. Other investments not covered elsewhere at end of year2016-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$629,556
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Assets. Loans (other than to participants) at end of year2016-12-31$0
Assets. Loans (other than to participants) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Other income not declared elsewhere2016-12-31$0
Administrative expenses (other) incurred2016-12-31$275
Liabilities. Value of operating payables at end of year2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Total non interest bearing cash at end of year2016-12-31$0
Total non interest bearing cash at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Income. Non cash contributions2016-12-31$0
Value of net income/loss2016-12-31$690,472
Value of net assets at end of year (total assets less liabilities)2016-12-31$690,472
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at end of year2016-12-31$0
Assets. partnership/joint venture interests at beginning of year2016-12-31$0
Investment advisory and management fees2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$597,665
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Value of interest in pooled separate accounts at end of year2016-12-31$0
Value of interest in pooled separate accounts at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$1,281
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$0
Income. Interest from US Government securities2016-12-31$0
Income. Interest from corporate debt instruments2016-12-31$0
Value of interest in master investment trust accounts at end of year2016-12-31$0
Value of interest in master investment trust accounts at beginning of year2016-12-31$0
Value of interest in common/collective trusts at end of year2016-12-31$31,868
Value of interest in common/collective trusts at beginning of year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$0
Assets. Value of investments in 103.12 investment entities at end of year2016-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2016-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Asset value of US Government securities at end of year2016-12-31$0
Asset value of US Government securities at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$14,015
Net investment gain/loss from pooled separate accounts2016-12-31$0
Net investment gain or loss from common/collective trusts2016-12-31$263
Net gain/loss from 103.12 investment entities2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Assets. Invements in employer securities at end of year2016-12-31$0
Assets. Invements in employer securities at beginning of year2016-12-31$0
Assets. Value of employer real property at end of year2016-12-31$0
Assets. Value of employer real property at beginning of year2016-12-31$0
Contributions received in cash from employer2016-12-31$0
Employer contributions (assets) at end of year2016-12-31$0
Employer contributions (assets) at beginning of year2016-12-31$0
Income. Dividends from preferred stock2016-12-31$0
Income. Dividends from common stock2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$16,006
Asset. Corporate debt instrument preferred debt at end of year2016-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2016-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2016-12-31$0
Contract administrator fees2016-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$0
Liabilities. Value of benefit claims payable at end of year2016-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2016-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$0
Aggregate carrying amount (costs) on sale of assets2016-12-31$0
Liabilities. Value of acquisition indebtedness at end of year2016-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31PANNELL KERR FORSTER OF TEXAS P.C
Accountancy firm EIN2016-12-31760356844

Form 5500 Responses for PEAK OILFIELD SERVICES 401(K) PLAN

2017: PEAK OILFIELD SERVICES 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingYes
2017-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PEAK OILFIELD SERVICES 401(K) PLAN 2016 form 5500 responses
2016-04-04Type of plan entitySingle employer plan
2016-04-04First time form 5500 has been submittedYes
2016-04-04Submission has been amendedNo
2016-04-04This submission is the final filingNo
2016-04-04This return/report is a short plan year return/report (less than 12 months)Yes
2016-04-04Plan is a collectively bargained planNo
2016-04-04Plan funding arrangement – TrustYes
2016-04-04Plan benefit arrangement - TrustYes

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