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BLUE WATER DRILLING LLC 401(K) 401k Plan overview

Plan NameBLUE WATER DRILLING LLC 401(K)
Plan identification number 001

BLUE WATER DRILLING LLC 401(K) 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.

401k Sponsoring company profile

BLUE WATER DRILLING LLC has sponsored the creation of one or more 401k plans.

Company Name:BLUE WATER DRILLING LLC
Employer identification number (EIN):922764817
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE WATER DRILLING LLC 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-09-01NICK RICE2024-09-05

Plan Statistics for BLUE WATER DRILLING LLC 401(K)

401k plan membership statisitcs for BLUE WATER DRILLING LLC 401(K)

Measure Date Value
2025: BLUE WATER DRILLING LLC 401(K) 2025 401k membership
Total number of particpants at beginning of year2025-07-232
Total number of particpants at end of year2025-07-233
Number of Participants With Account Balances2025-07-233
2024: BLUE WATER DRILLING LLC 401(K) 2024 401k membership
Total number of particpants at beginning of year2024-09-052
Total number of particpants at end of year2024-09-052
Number of Participants With Account Balances2024-09-052

Financial Data on BLUE WATER DRILLING LLC 401(K)

Measure Date Value
2025 : BLUE WATER DRILLING LLC 401(K) 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-23305
Net assets as of the end of the plan year2025-07-231832
Total assets as of the beginning of the plan year2025-07-23951
Value of plan covered by a fidelity bond2025-07-231000
Participant contributions to plan in this plan year2025-07-23573
Other income to plan in this plan year2025-07-23184
Plan net income in this plan year2025-07-23881
Net assets as of the end of the plan year2025-07-231832
Net assets as of the beginning of the plan year2025-07-23951
Employer contributions to plan in this plan year2025-07-23429
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2355
2024 : BLUE WATER DRILLING LLC 401(K) 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-050
Net assets as of the end of the plan year2024-09-05951
Value of plan covered by a fidelity bond2024-09-051000
Participant contributions to plan in this plan year2024-09-05445
Other income to plan in this plan year2024-09-0561
Plan net income in this plan year2024-09-05951
Net assets as of the end of the plan year2024-09-05951
Net assets as of the beginning of the plan year2024-09-050
Employer contributions to plan in this plan year2024-09-05445

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