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TEAM OIL TOOLS 401(K) PLAN 401k Plan overview

Plan NameTEAM OIL TOOLS 401(K) PLAN
Plan identification number 001

TEAM OIL TOOLS 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.
  • 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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.
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

TEAM OIL TOOLS, LP has sponsored the creation of one or more 401k plans.

Company Name:TEAM OIL TOOLS, LP
Employer identification number (EIN):760655760
NAIC Classification:331200

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TEAM OIL TOOLS 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012017-01-01CHRIS RUFFNER
0012016-01-01SHAWNA CROCHET SHAWNA CROCHET2017-10-13
0012015-01-01SHAWNA CROCHET
0012014-01-01DAVID FLEMING
0012013-01-01DAVID FLEMING
0012012-01-01MICHELLE HAYES
0012011-01-01MICHELLE HAYES
0012010-01-01MICHELLE HAYES

Plan Statistics for TEAM OIL TOOLS 401(K) PLAN

401k plan membership statisitcs for TEAM OIL TOOLS 401(K) PLAN

Measure Date Value
2017: TEAM OIL TOOLS 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01349
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: TEAM OIL TOOLS 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01381
Total number of active participants reported on line 7a of the Form 55002016-01-01187
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01162
Total of all active and inactive participants2016-01-01349
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01349
Number of participants with account balances2016-01-01305
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: TEAM OIL TOOLS 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01409
Total number of active participants reported on line 7a of the Form 55002015-01-01231
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-01145
Total of all active and inactive participants2015-01-01376
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01376
Number of participants with account balances2015-01-01320
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: TEAM OIL TOOLS 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01330
Total number of active participants reported on line 7a of the Form 55002014-01-01313
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0182
Total of all active and inactive participants2014-01-01395
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01395
Number of participants with account balances2014-01-01319
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: TEAM OIL TOOLS 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01197
Total number of active participants reported on line 7a of the Form 55002013-01-01246
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0162
Total of all active and inactive participants2013-01-01308
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01308
Number of participants with account balances2013-01-01213
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: TEAM OIL TOOLS 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01157
Total number of active participants reported on line 7a of the Form 55002012-01-01113
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0173
Total of all active and inactive participants2012-01-01186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01186
Number of participants with account balances2012-01-01166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: TEAM OIL TOOLS 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01129
Total number of active participants reported on line 7a of the Form 55002011-01-01110
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0142
Total of all active and inactive participants2011-01-01152
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01152
Number of participants with account balances2011-01-01132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-012
2010: TEAM OIL TOOLS 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01138
Total number of active participants reported on line 7a of the Form 55002010-01-01109
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0116
Total of all active and inactive participants2010-01-01125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01125
Number of participants with account balances2010-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-011

Financial Data on TEAM OIL TOOLS 401(K) PLAN

Measure Date Value
2017 : TEAM OIL TOOLS 401(K) PLAN 2017 401k financial data
Total transfer of assets from this plan2017-12-13$8,913,057
Total income from all sources (including contributions)2017-12-13$3,524,025
Total of all expenses incurred2017-12-13$990,223
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-13$987,972
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-13$2,662,392
Value of total assets at end of year2017-12-13$0
Value of total assets at beginning of year2017-12-13$6,379,255
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-13$2,251
Total interest from all sources2017-12-13$8,324
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-13No
Administrative expenses professional fees incurred2017-12-13$2,251
Was this plan covered by a fidelity bond2017-12-13Yes
Value of fidelity bond cover2017-12-13$1,000,000
If this is an individual account plan, was there a blackout period2017-12-13Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-13$0
Were there any nonexempt tranactions with any party-in-interest2017-12-13No
Contributions received from participants2017-12-13$1,072,482
Participant contributions at end of year2017-12-13$0
Participant contributions at beginning of year2017-12-13$132,329
Income. Received or receivable in cash from other sources (including rollovers)2017-12-13$1,589,910
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-13No
Value of net income/loss2017-12-13$2,533,802
Value of net assets at end of year (total assets less liabilities)2017-12-13$0
Value of net assets at beginning of year (total assets less liabilities)2017-12-13$6,379,255
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-13No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-13No
Were any leases to which the plan was party in default or uncollectible2017-12-13No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-13$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-13$5,684,283
Interest on participant loans2017-12-13$8,324
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-13$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-13$562,643
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-13$562,643
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-13$853,309
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-13No
Was there a failure to transmit to the plan any participant contributions2017-12-13Yes
Has the plan failed to provide any benefit when due under the plan2017-12-13No
Contributions received in cash from employer2017-12-13$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-13$987,972
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-13Yes
Did the plan have assets held for investment2017-12-13No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-13No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-13Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-13Yes
Opinion of an independent qualified public accountant for this plan2017-12-13Disclaimer
Accountancy firm name2017-12-13CALVETTI FERGUSON, PC
Accountancy firm EIN2017-12-13134255527
2016 : TEAM OIL TOOLS 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$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
Total income from all sources (including contributions)2016-12-31$1,565,902
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$2,160,587
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,151,008
Expenses. Certain deemed distributions of participant loans2016-12-31$1,629
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,083,104
Value of total assets at end of year2016-12-31$6,379,255
Value of total assets at beginning of year2016-12-31$6,973,940
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$7,950
Total interest from all sources2016-12-31$5,704
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$111,099
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$111,099
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$1,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$916,523
Participant contributions at end of year2016-12-31$132,329
Participant contributions at beginning of year2016-12-31$193,311
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-594,685
Value of net assets at end of year (total assets less liabilities)2016-12-31$6,379,255
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$6,973,940
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$5,684,283
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$6,146,212
Interest on participant loans2016-12-31$5,608
Income. Interest from loans (other than to participants)2016-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$562,643
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$634,417
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$634,417
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$96
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$365,995
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
Contributions received in cash from employer2016-12-31$166,581
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,151,008
Contract administrator fees2016-12-31$7,950
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
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 name2016-12-31WEAVER
Accountancy firm EIN2016-12-31750786316
2015 : TEAM OIL TOOLS 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$677,644
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$2,484,935
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,617,844
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,606,309
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,463,636
Value of total assets at end of year2015-12-31$6,973,940
Value of total assets at beginning of year2015-12-31$5,429,205
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$11,535
Total interest from all sources2015-12-31$10,549
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$101,103
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$101,103
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,533,745
Participant contributions at end of year2015-12-31$193,311
Participant contributions at beginning of year2015-12-31$150,026
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$45,094
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$867,091
Value of net assets at end of year (total assets less liabilities)2015-12-31$6,973,940
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$5,429,205
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$6,146,212
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$4,702,993
Interest on participant loans2015-12-31$8,935
Income. Interest from loans (other than to participants)2015-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$634,417
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$576,186
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$576,186
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1,614
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-90,353
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31Yes
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$884,797
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,606,309
Contract administrator fees2015-12-31$11,535
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WEAVER
Accountancy firm EIN2015-12-31750786316
2014 : TEAM OIL TOOLS 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$2,678,601
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$567,328
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$561,118
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$2,413,548
Value of total assets at end of year2014-12-31$5,429,205
Value of total assets at beginning of year2014-12-31$3,317,932
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$6,210
Total interest from all sources2014-12-31$7,921
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$66,504
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$66,504
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,365,256
Participant contributions at end of year2014-12-31$150,026
Participant contributions at beginning of year2014-12-31$85,896
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$215,673
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$2,111,273
Value of net assets at end of year (total assets less liabilities)2014-12-31$5,429,205
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$3,317,932
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$4,702,993
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,942,677
Interest on participant loans2014-12-31$6,058
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$576,186
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$289,359
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$289,359
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$1,863
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$190,628
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$832,619
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$561,118
Contract administrator fees2014-12-31$6,210
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31HEREFORD LYNCH
Accountancy firm EIN2014-12-31760286393
2013 : TEAM OIL TOOLS 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$1,604,232
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$936,502
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$930,127
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,269,972
Value of total assets at end of year2013-12-31$3,317,932
Value of total assets at beginning of year2013-12-31$2,650,202
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$6,375
Total interest from all sources2013-12-31$2,305
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$33,916
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$33,916
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$717,889
Participant contributions at end of year2013-12-31$85,896
Participant contributions at beginning of year2013-12-31$80,796
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$18,529
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$119,319
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$667,730
Value of net assets at end of year (total assets less liabilities)2013-12-31$3,317,932
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,650,202
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$2,942,677
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,283,980
Interest on participant loans2013-12-31$2,216
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$289,359
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$254,560
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$254,560
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$89
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$298,039
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$432,764
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$12,337
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$930,127
Contract administrator fees2013-12-31$6,375
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31HOGAN TAYLOR
Accountancy firm EIN2013-12-31731413977
2012 : TEAM OIL TOOLS 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$109,602
Total unrealized appreciation/depreciation of assets2012-12-31$109,602
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$2,056
Total income from all sources (including contributions)2012-12-31$1,237,143
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,033,708
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,030,860
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$991,557
Value of total assets at end of year2012-12-31$2,650,202
Value of total assets at beginning of year2012-12-31$2,448,823
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$2,848
Total interest from all sources2012-12-31$1,977
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$44,705
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$44,705
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$593,513
Participant contributions at end of year2012-12-31$80,796
Participant contributions at beginning of year2012-12-31$42,896
Participant contributions at end of year2012-12-31$18,529
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$11,390
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$2,056
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$203,435
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,650,202
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,446,767
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$2,283,980
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,162,793
Interest on participant loans2012-12-31$1,977
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$254,560
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$243,134
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$243,134
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$89,302
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31Yes
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$386,654
Employer contributions (assets) at end of year2012-12-31$12,337
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,030,860
Contract administrator fees2012-12-31$2,848
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31HOGAN TAYLOR, LLP
Accountancy firm EIN2012-12-31731413977
2011 : TEAM OIL TOOLS 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$2,056
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$718,142
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$545,533
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$543,208
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$751,429
Value of total assets at end of year2011-12-31$2,448,823
Value of total assets at beginning of year2011-12-31$2,274,158
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,325
Total interest from all sources2011-12-31$1,413
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$37,534
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$37,534
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$433,572
Participant contributions at end of year2011-12-31$42,896
Participant contributions at beginning of year2011-12-31$34,657
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$43,968
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$2,056
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$172,609
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,446,767
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,274,158
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,162,793
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$2,073,364
Interest on participant loans2011-12-31$1,410
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$243,134
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$166,137
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$166,137
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$3
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-72,234
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$273,889
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$543,208
Contract administrator fees2011-12-31$2,325
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31HOGANTAYLOR LLP
Accountancy firm EIN2011-12-31731413977
2010 : TEAM OIL TOOLS 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$1,451,753
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$0
Total income from all sources (including contributions)2010-12-31$952,274
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$129,869
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$100,568
Value of total corrective distributions2010-12-31$28,551
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$742,281
Value of total assets at end of year2010-12-31$2,274,158
Value of total assets at beginning of year2010-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$750
Total interest from all sources2010-12-31$918
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$41,284
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$41,284
Was this plan covered by a fidelity bond2010-12-31No
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$438,564
Participant contributions at end of year2010-12-31$34,657
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$29,638
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$822,405
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,274,158
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$2,073,364
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$0
Interest on participant loans2010-12-31$918
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$166,137
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$167,791
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$274,079
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$100,568
Contract administrator fees2010-12-31$750
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31HOGANTAYLOR LLP
Accountancy firm EIN2010-12-31731413977

Form 5500 Responses for TEAM OIL TOOLS 401(K) PLAN

2017: TEAM OIL TOOLS 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
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 funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TEAM OIL TOOLS 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TEAM OIL TOOLS 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TEAM OIL TOOLS 401(K) PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TEAM OIL TOOLS 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TEAM OIL TOOLS 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TEAM OIL TOOLS 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: TEAM OIL TOOLS 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01First time form 5500 has been submittedYes
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes

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