PREMIER DIRECTIONAL DRILLING has sponsored the creation of one or more 401k plans.
Measure | Date | Value |
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2015 : PREMIER 401(K) PLAN 2015 401k financial data |
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Total income from all sources (including contributions) | 2015-12-31 | $316,373 |
Total of all expenses incurred | 2015-12-31 | $407,665 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $344,541 |
Expenses. Certain deemed distributions of participant loans | 2015-12-31 | $51,149 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $356,641 |
Value of total assets at end of year | 2015-12-31 | $1,149,519 |
Value of total assets at beginning of year | 2015-12-31 | $1,240,811 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $11,975 |
Total interest from all sources | 2015-12-31 | $1,059 |
Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $0 |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $50,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $342,140 |
Participant contributions at end of year | 2015-12-31 | $15,766 |
Participant contributions at beginning of year | 2015-12-31 | $26,601 |
Participant contributions at end of year | 2015-12-31 | $0 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $14,501 |
Value of other receiveables (less allowance for doubtful accounts) at end of year | 2015-12-31 | $0 |
Other income not declared elsewhere | 2015-12-31 | $2,115 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $-91,292 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $1,149,519 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $1,240,811 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $985,138 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $1,086,572 |
Interest on participant loans | 2015-12-31 | $1,059 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $148,615 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $127,638 |
Expenses. Payments to insurance carriers foe the provision of benefits | 2015-12-31 | $0 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-43,442 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $0 |
Employer contributions (assets) at end of year | 2015-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $344,541 |
Contract administrator fees | 2015-12-31 | $11,975 |
Did the plan have assets held for investment | 2015-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | MIDDLETONRAINES ZAPATA, LLP |
Accountancy firm EIN | 2015-12-31 | 460597172 |