401k Plan data: NEW WAY DRILLING II, INC. RETIREMENT PLAN plan

NEW WAY DRILLING II, INC. RETIREMENT PLAN 401k Plan overview

Plan Name	NEW WAY DRILLING II, INC. RETIREMENT PLAN
Plan identification number	001

NEW WAY DRILLING II, INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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

NEW WAY DRILLING II, INC. has sponsored the creation of one or more 401k plans.

Company Name: NEW WAY DRILLING II, INC.

Employer identification number (EIN): 462171875

NAIC Classification: 212310
NAIC Description: Stone Mining and Quarrying

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW WAY DRILLING II, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2018-11-01
001 2017-11-01
001 2016-11-01 GARRY D. HOLLIS
001 2016-11-01
001 2015-11-01 GARRY HOLLIS
001 2014-11-01 GARRY HOLLIS
001 2013-11-01 GARRY HOLLIS
001 2013-03-03 GARRY D. HOLLIS

Plan Statistics for NEW WAY DRILLING II, INC. RETIREMENT PLAN

401k plan membership statisitcs for NEW WAY DRILLING II, INC. RETIREMENT PLAN

Measure Date Value
2018: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-11-01 13
Total number of active participants reported on line 7a of the Form 5500 2018-11-01 0
Total of all active and inactive participants 2018-11-01 0
Total participants 2018-11-01 0
Number of participants with account balances 2018-11-01 0
2017: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-11-01 20
Total number of active participants reported on line 7a of the Form 5500 2017-11-01 13
Number of retired or separated participants receiving benefits 2017-11-01 1
Number of other retired or separated participants entitled to future benefits 2017-11-01 0
Total of all active and inactive participants 2017-11-01 14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-11-01 0
Total participants 2017-11-01 14
Number of participants with account balances 2017-11-01 5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-11-01 0
2016: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-11-01 12
Total number of active participants reported on line 7a of the Form 5500 2016-11-01 20
Number of other retired or separated participants entitled to future benefits 2016-11-01 2
Total of all active and inactive participants 2016-11-01 22
Total participants 2016-11-01 22
Number of participants with account balances 2016-11-01 12
2015: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year 2015-11-01 12
Total number of active participants reported on line 7a of the Form 5500 2015-11-01 9
Total of all active and inactive participants 2015-11-01 9
Total participants 2015-11-01 9
Number of participants with account balances 2015-11-01 7
2014: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year 2014-11-01 17
Total number of active participants reported on line 7a of the Form 5500 2014-11-01 16
Number of retired or separated participants receiving benefits 2014-11-01 1
Total of all active and inactive participants 2014-11-01 17
Total participants 2014-11-01 17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-11-01 8
2013: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year 2013-11-01 10
Total number of active participants reported on line 7a of the Form 5500 2013-11-01 17
Number of retired or separated participants receiving benefits 2013-11-01 0
Number of other retired or separated participants entitled to future benefits 2013-11-01 1
Total of all active and inactive participants 2013-11-01 18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-11-01 0
Total participants 2013-11-01 18
Number of participants with account balances 2013-11-01 9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-11-01 1
Total participants, beginning-of-year 2013-03-03 1
Total number of active participants reported on line 7a of the Form 5500 2013-03-03 8
Number of retired or separated participants receiving benefits 2013-03-03 0
Number of other retired or separated participants entitled to future benefits 2013-03-03 0
Total of all active and inactive participants 2013-03-03 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-03-03 0
Total participants 2013-03-03 8
Number of participants with account balances 2013-03-03 7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-03-03 0

Measure	Date	Value
2018: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-11-01	13
Total number of active participants reported on line 7a of the Form 5500	2018-11-01	0
Total of all active and inactive participants	2018-11-01	0
Total participants	2018-11-01	0
Number of participants with account balances	2018-11-01	0
2017: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-11-01	20
Total number of active participants reported on line 7a of the Form 5500	2017-11-01	13
Number of retired or separated participants receiving benefits	2017-11-01	1
Number of other retired or separated participants entitled to future benefits	2017-11-01	0
Total of all active and inactive participants	2017-11-01	14
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-11-01	0
Total participants	2017-11-01	14
Number of participants with account balances	2017-11-01	5
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-11-01	0
2016: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-11-01	12
Total number of active participants reported on line 7a of the Form 5500	2016-11-01	20
Number of other retired or separated participants entitled to future benefits	2016-11-01	2
Total of all active and inactive participants	2016-11-01	22
Total participants	2016-11-01	22
Number of participants with account balances	2016-11-01	12
2015: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2015 401k membership
Total participants, beginning-of-year	2015-11-01	12
Total number of active participants reported on line 7a of the Form 5500	2015-11-01	9
Total of all active and inactive participants	2015-11-01	9
Total participants	2015-11-01	9
Number of participants with account balances	2015-11-01	7
2014: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2014 401k membership
Total participants, beginning-of-year	2014-11-01	17
Total number of active participants reported on line 7a of the Form 5500	2014-11-01	16
Number of retired or separated participants receiving benefits	2014-11-01	1
Total of all active and inactive participants	2014-11-01	17
Total participants	2014-11-01	17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-11-01	8
2013: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2013 401k membership
Total participants, beginning-of-year	2013-11-01	10
Total number of active participants reported on line 7a of the Form 5500	2013-11-01	17
Number of retired or separated participants receiving benefits	2013-11-01	0
Number of other retired or separated participants entitled to future benefits	2013-11-01	1
Total of all active and inactive participants	2013-11-01	18
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-11-01	0
Total participants	2013-11-01	18
Number of participants with account balances	2013-11-01	9
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-11-01	1
Total participants, beginning-of-year	2013-03-03	1
Total number of active participants reported on line 7a of the Form 5500	2013-03-03	8
Number of retired or separated participants receiving benefits	2013-03-03	0
Number of other retired or separated participants entitled to future benefits	2013-03-03	0
Total of all active and inactive participants	2013-03-03	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-03-03	0
Total participants	2013-03-03	8
Number of participants with account balances	2013-03-03	7
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-03-03	0

Financial Data on NEW WAY DRILLING II, INC. RETIREMENT PLAN

Measure	Date	Value
2018 : NEW WAY DRILLING II, INC. RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$-8,536
Expenses. Total of all expenses incurred	2018-12-31	$137,732
Benefits paid (including direct rollovers)	2018-12-31	$137,357
Total plan assets at end of year	2018-12-31	$0
Total plan assets at beginning of year	2018-12-31	$146,268
Expenses. Other expenses not covered elsewhere	2018-12-31	$375
Other income received	2018-12-31	$-8,536
Net income (gross income less expenses)	2018-12-31	$-146,268
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$0
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$146,268
Assets. Value of participant loans	2018-12-31	$0
2017 : NEW WAY DRILLING II, INC. RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-10-31	$-114,424
Expenses. Total of all expenses incurred	2017-10-31	$50
Total plan assets at end of year	2017-10-31	$679,241
Total plan assets at beginning of year	2017-10-31	$793,715
Total contributions received or receivable from participants	2017-10-31	$33,811
Contributions received from other sources (not participants or employers)	2017-10-31	$358
Other income received	2017-10-31	$-148,593
Net income (gross income less expenses)	2017-10-31	$-114,474
Net plan assets at end of year (total assets less liabilities)	2017-10-31	$679,241
Net plan assets at beginning of year (total assets less liabilities)	2017-10-31	$793,715
Assets. Value of participant loans	2017-10-31	$6,947
Assets. Value of employer securities	2017-10-31	$300,000
Expenses. Administrative service providers (salaries,fees and commissions)	2017-10-31	$50
2016 : NEW WAY DRILLING II, INC. RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-10-31	$133,111
Expenses. Total of all expenses incurred	2016-10-31	$49,061
Benefits paid (including direct rollovers)	2016-10-31	$48,961
Total plan assets at end of year	2016-10-31	$793,715
Total plan assets at beginning of year	2016-10-31	$709,665
Total contributions received or receivable from participants	2016-10-31	$31,137
Expenses. Other expenses not covered elsewhere	2016-10-31	$100
Other income received	2016-10-31	$101,974
Net income (gross income less expenses)	2016-10-31	$84,050
Net plan assets at end of year (total assets less liabilities)	2016-10-31	$793,715
Net plan assets at beginning of year (total assets less liabilities)	2016-10-31	$709,665
Assets. Value of participant loans	2016-10-31	$9,554
Assets. Value of employer securities	2016-10-31	$500,000
2015 : NEW WAY DRILLING II, INC. RETIREMENT PLAN 2015 401k financial data
Total income from all sources	2015-10-31	$45,204
Expenses. Total of all expenses incurred	2015-10-31	$3,927
Benefits paid (including direct rollovers)	2015-10-31	$2,913
Total plan assets at end of year	2015-10-31	$709,665
Total plan assets at beginning of year	2015-10-31	$668,388
Total contributions received or receivable from participants	2015-10-31	$29,698
Expenses. Other expenses not covered elsewhere	2015-10-31	$160
Other income received	2015-10-31	$15,506
Net income (gross income less expenses)	2015-10-31	$41,277
Net plan assets at end of year (total assets less liabilities)	2015-10-31	$709,665
Net plan assets at beginning of year (total assets less liabilities)	2015-10-31	$668,388
Assets. Value of participant loans	2015-10-31	$11,959
Assets. Value of employer securities	2015-10-31	$410,000
Value of certain deemed distributions of participant loans	2015-10-31	$854
2014 : NEW WAY DRILLING II, INC. RETIREMENT PLAN 2014 401k financial data
Total income from all sources	2014-10-31	$282,771
Expenses. Total of all expenses incurred	2014-10-31	$12,639
Benefits paid (including direct rollovers)	2014-10-31	$12,529
Total plan assets at end of year	2014-10-31	$668,388
Total plan assets at beginning of year	2014-10-31	$398,256
Total contributions received or receivable from participants	2014-10-31	$25,439
Contributions received from other sources (not participants or employers)	2014-10-31	$3,766
Other income received	2014-10-31	$253,566
Net income (gross income less expenses)	2014-10-31	$270,132
Net plan assets at end of year (total assets less liabilities)	2014-10-31	$668,388
Net plan assets at beginning of year (total assets less liabilities)	2014-10-31	$398,256
Assets. Value of participant loans	2014-10-31	$1,649
Assets. Value of employer securities	2014-10-31	$400,000
Total contributions received or receivable from employer(s)	2014-10-31	$0
Value of certain deemed distributions of participant loans	2014-10-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-10-31	$110
2013 : NEW WAY DRILLING II, INC. RETIREMENT PLAN 2013 401k financial data
Total income from all sources	2013-10-31	$410,281
Expenses. Total of all expenses incurred	2013-10-31	$12,025
Benefits paid (including direct rollovers)	2013-10-31	$12,000
Total plan assets at end of year	2013-10-31	$398,256
Total plan assets at beginning of year	2013-10-31	$0
Total contributions received or receivable from participants	2013-10-31	$0
Contributions received from other sources (not participants or employers)	2013-10-31	$490,277
Other income received	2013-10-31	$-79,996
Net income (gross income less expenses)	2013-10-31	$398,256
Net plan assets at end of year (total assets less liabilities)	2013-10-31	$398,256
Net plan assets at beginning of year (total assets less liabilities)	2013-10-31	$0
Assets. Value of employer securities	2013-10-31	$166,000
Total contributions received or receivable from employer(s)	2013-10-31	$0
Value of certain deemed distributions of participant loans	2013-10-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2013-10-31	$25
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-10-31	$0

Form 5500 Responses for NEW WAY DRILLING II, INC. RETIREMENT PLAN

2018: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2018 form 5500 responses
2018-11-01	Type of plan entity	Single employer plan
2018-11-01	This submission is the final filing	Yes
2018-11-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2018-11-01	Plan funding arrangement – Trust	Yes
2018-11-01	Plan benefit arrangement - Trust	Yes
2017: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2017 form 5500 responses
2017-11-01	Type of plan entity	Single employer plan
2017-11-01	Plan funding arrangement – Trust	Yes
2017-11-01	Plan benefit arrangement - Trust	Yes
2016: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2016 form 5500 responses
2016-11-01	Type of plan entity	Single employer plan
2016-11-01	Submission has been amended	Yes
2016-11-01	Plan funding arrangement – Trust	Yes
2016-11-01	Plan benefit arrangement - Trust	Yes
2015: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2015 form 5500 responses
2015-11-01	Type of plan entity	Single employer plan
2015-11-01	Plan funding arrangement – Trust	Yes
2015-11-01	Plan benefit arrangement - Trust	Yes
2014: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2014 form 5500 responses
2014-11-01	Type of plan entity	Single employer plan
2014-11-01	Plan funding arrangement – Trust	Yes
2014-11-01	Plan benefit arrangement - Trust	Yes
2013: NEW WAY DRILLING II, INC. RETIREMENT PLAN 2013 form 5500 responses
2013-11-01	Type of plan entity	Single employer plan
2013-11-01	Plan funding arrangement – Trust	Yes
2013-11-01	Plan benefit arrangement - Trust	Yes
2013-03-03	Type of plan entity	Single employer plan
2013-03-03	First time form 5500 has been submitted	Yes
2013-03-03	This return/report is a short plan year return/report (less than 12 months)	Yes
2013-03-03	Plan funding arrangement – Trust	Yes
2013-03-03	Plan benefit arrangement - Trust	Yes

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Company Name:	NEW WAY DRILLING II, INC.
Employer identification number (EIN):	462171875
NAIC Classification:	212310
NAIC Description:	Stone Mining and Quarrying