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PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NamePETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN
Plan identification number 001

PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ACT EQUIPMENT SALES, INC. DBA PETROLEUM MARKETING EQUIPMENT has sponsored the creation of one or more 401k plans.

Company Name:ACT EQUIPMENT SALES, INC. DBA PETROLEUM MARKETING EQUIPMENT
Employer identification number (EIN):954442409
NAIC Classification:453990

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01
0012015-01-01
0012014-01-01ANN THOMAS2015-09-24
0012013-01-01ANN THOMAS2014-07-14
0012012-01-01ANN THOMAS2013-10-10
0012011-01-01ANN THOMAS2012-07-23
0012010-01-01ANN THOMAS2011-06-09

Financial Data on PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-05-300
Total expenses incurred by plan in this plan year2025-05-30304662
Net assets as of the end of the plan year2025-05-305936642
Total assets as of the beginning of the plan year2025-05-305008721
Value of plan covered by a fidelity bond2025-05-30500000
Participant contributions to plan in this plan year2025-05-30383190
Value of participant loans at end of plan year2025-05-3037309
Other expenses paid from plan in this plan year2025-05-306303
Other contributions to plan in this plan year2025-05-3017
Other income to plan in this plan year2025-05-30597800
Plan net income in this plan year2025-05-30927921
Net assets as of the end of the plan year2025-05-305936642
Net assets as of the beginning of the plan year2025-05-305008721
Employer contributions to plan in this plan year2025-05-30251576
Fees paid to broker by Benefit Provider2025-05-3015000
2024 : PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-290
Total liabilities as of the end of the plan year2024-07-290
Total liabilities as of the beginning of the plan year2024-07-290
Total expenses incurred by plan in this plan year2024-07-2989781
Net assets as of the end of the plan year2024-07-295008721
Total assets as of the beginning of the plan year2024-07-293954969
Value of plan covered by a fidelity bond2024-07-29410000
Participant contributions to plan in this plan year2024-07-29362265
Value of participant loans at end of plan year2024-07-2946056
Other expenses paid from plan in this plan year2024-07-290
Other contributions to plan in this plan year2024-07-290
Other income to plan in this plan year2024-07-29604081
Plan net income in this plan year2024-07-291053752
Net assets as of the end of the plan year2024-07-295008721
Net assets as of the beginning of the plan year2024-07-293954969
Employer contributions to plan in this plan year2024-07-29177187
Fees paid to broker by Benefit Provider2024-07-2914029
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-293674
2022 : PETROLEUM MARKETING EQUIPMENT 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-10-050
Total liabilities as of the end of the plan year2022-10-050
Total liabilities as of the beginning of the plan year2022-10-050
Total expenses incurred by plan in this plan year2022-10-05374485
Net assets as of the end of the plan year2022-10-054691668
Total assets as of the beginning of the plan year2022-10-054075548
Value of plan covered by a fidelity bond2022-10-05410000
Participant contributions to plan in this plan year2022-10-05336757
Value of participant loans at end of plan year2022-10-0515552
Other expenses paid from plan in this plan year2022-10-050
Other contributions to plan in this plan year2022-10-051236
Other income to plan in this plan year2022-10-05476170
Plan net income in this plan year2022-10-05616120
Net assets as of the end of the plan year2022-10-054691668
Net assets as of the beginning of the plan year2022-10-054075548
Employer contributions to plan in this plan year2022-10-05176442
Fees paid to broker by Benefit Provider2022-10-0514834
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-053052

Potentially related plans

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