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B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN 401k Plan overview

Plan NameB & E PETROLEUM, INC. 401K PROFIT SHARING PLAN
Plan identification number 002

B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • 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.

401k Sponsoring company profile

B & E PETROLEUM, INC. has sponsored the creation of one or more 401k plans.

Company Name:B & E PETROLEUM, INC.
Employer identification number (EIN):990215751
NAIC Classification:424700

Additional information about B & E PETROLEUM, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2006-01-27
Company Identification Number: 3311979
Legal Registered Office Address: 2686 LONG BEACH ROAD
Nassau
OCEAN SIDE
United States of America (USA)
11572

More information about B & E PETROLEUM, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-06-01
0022021-06-01
0022020-06-01
0022019-06-01
0022018-06-01
0022017-06-01
0022016-06-01
0022015-06-01
0022014-06-01
0022013-06-01DENNIS ARAKAWA2015-03-09
0022012-06-01DENNIS ARAKAWA2014-01-06
0022011-06-01DENNIS ARAKAWA2013-01-30
0022010-06-01DENNIS ARAKAWA2011-09-02
0022009-06-01DENNIS ARAKAWA

Plan Statistics for B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN

401k plan membership statisitcs for B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2009: B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-06-0111
Total number of active participants reported on line 7a of the Form 55002009-06-0110
Number of retired or separated participants receiving benefits2009-06-011
Number of other retired or separated participants entitled to future benefits2009-06-012
Total of all active and inactive participants2009-06-0113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-06-010
Total participants2009-06-0113
Number of participants with account balances2009-06-0113
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-06-011

Financial Data on B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN

Measure Date Value
2010 : B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN 2010 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-05-31$0
2009 : B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN 2009 401k financial data
Transfers to/from the plan2009-05-31$0
Total income from all sources2009-05-31$-3,203
Expenses. Total of all expenses incurred2009-05-31$358
Benefits paid (including direct rollovers)2009-05-31$358
Total plan assets at end of year2009-05-31$116,062
Total plan assets at beginning of year2009-05-31$119,634
Value of fidelity bond covering the plan2009-05-31$20,000
Total contributions received or receivable from participants2009-05-31$19,676
Expenses. Other expenses not covered elsewhere2009-05-31$0
Contributions received from other sources (not participants or employers)2009-05-31$0
Other income received2009-05-31$-42,769
Noncash contributions received2009-05-31$0
Net income (gross income less expenses)2009-05-31$-3,561
Net plan assets at end of year (total assets less liabilities)2009-05-31$116,062
Net plan assets at beginning of year (total assets less liabilities)2009-05-31$119,634
Total contributions received or receivable from employer(s)2009-05-31$19,890
Value of certain deemed distributions of participant loans2009-05-31$0
Value of corrective distributions2009-05-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2009-05-31$0

Form 5500 Responses for B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN

2009: B & E PETROLEUM, INC. 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-06-01Type of plan entitySingle employer plan
2009-06-01Submission has been amendedNo
2009-06-01This submission is the final filingNo
2009-06-01This return/report is a short plan year return/report (less than 12 months)No
2009-06-01Plan is a collectively bargained planNo
2009-06-01Plan funding arrangement – InsuranceYes
2009-06-01Plan funding arrangement – TrustYes
2009-06-01Plan benefit arrangement – InsuranceYes
2009-06-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract numberGAP-54-RW80
Policy instance 1
Insurance contract or identification numberGAP-54-RW80
Number of Individuals Covered0
Insurance policy start date2008-06-01
Insurance policy end date2009-05-31
Total amount of commissions paid to insurance brokerUSD $1,267
Total amount of fees paid to insurance companyUSD $152
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Commission paid to Insurance BrokerUSD $0
Amount paid for insurance broker fees152
Additional information about fees paid to insurance brokerTPA
Insurance broker organization code?5
Insurance broker nameRANDALL J GOMES

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