PRECISION DRILLING OILFIELD SERVICES CORPORATION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan PRECISION DRILLING 401(K) PLAN
Measure | Date | Value |
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2010: PRECISION DRILLING 401(K) PLAN 2010 401k membership |
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Total participants, beginning-of-year | 2010-01-01 | 2,447 |
Total number of active participants reported on line 7a of the Form 5500 | 2010-01-01 | 1,963 |
Number of retired or separated participants receiving benefits | 2010-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2010-01-01 | 165 |
Total of all active and inactive participants | 2010-01-01 | 2,128 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2010-01-01 | 3 |
Total participants | 2010-01-01 | 2,131 |
Number of participants with account balances | 2010-01-01 | 837 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2010-01-01 | 0 |
2009: PRECISION DRILLING 401(K) PLAN 2009 401k membership |
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Total participants, beginning-of-year | 2009-01-01 | 3,597 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 2,249 |
Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 196 |
Total of all active and inactive participants | 2009-01-01 | 2,445 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 2 |
Total participants | 2009-01-01 | 2,447 |
Number of participants with account balances | 2009-01-01 | 787 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
Measure | Date | Value |
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2010 : PRECISION DRILLING 401(K) PLAN 2010 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $1,486,573 |
Total income from all sources (including contributions) | 2010-12-31 | $7,960,502 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $5,064,763 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $5,046,689 |
Value of total corrective distributions | 2010-12-31 | $4,381 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $5,129,999 |
Value of total assets at end of year | 2010-12-31 | $35,333,698 |
Value of total assets at beginning of year | 2010-12-31 | $33,924,532 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $13,693 |
Total interest from all sources | 2010-12-31 | $126,107 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $302,456 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $302,456 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $5,000,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $3,103,869 |
Participant contributions at end of year | 2010-12-31 | $2,229,126 |
Participant contributions at beginning of year | 2010-12-31 | $2,439,513 |
Participant contributions at end of year | 2010-12-31 | $124,340 |
Participant contributions at beginning of year | 2010-12-31 | $133,385 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $59,051 |
Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2010-12-31 | $1,486,267 |
Administrative expenses (other) incurred | 2010-12-31 | $13,693 |
Liabilities. Value of operating payables at beginning of year | 2010-12-31 | $1,486,573 |
Total non interest bearing cash at beginning of year | 2010-12-31 | $14 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $2,895,739 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $35,333,698 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $32,437,959 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $17,324,499 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $14,573,366 |
Interest on participant loans | 2010-12-31 | $126,107 |
Value of interest in common/collective trusts at end of year | 2010-12-31 | $15,574,486 |
Value of interest in common/collective trusts at beginning of year | 2010-12-31 | $15,201,241 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $1,732,396 |
Net investment gain or loss from common/collective trusts | 2010-12-31 | $669,544 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Contributions received in cash from employer | 2010-12-31 | $1,967,079 |
Employer contributions (assets) at end of year | 2010-12-31 | $81,247 |
Employer contributions (assets) at beginning of year | 2010-12-31 | $90,746 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $5,046,689 |
Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | MCCONNELL & JONES LLP |
Accountancy firm EIN | 2010-12-31 | 760488832 |
2009 : PRECISION DRILLING 401(K) PLAN 2009 401k financial data |
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Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |