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TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 401k Plan overview

Plan NameTOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN
Plan identification number 003

TOWNSEND OIL COMPANY, INCORPORATED 401(K) 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.
  • 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

TOWNSEND OIL COMPANY, INCORPORATED has sponsored the creation of one or more 401k plans.

Company Name:TOWNSEND OIL COMPANY, INCORPORATED
Employer identification number (EIN):042208037
NAIC Classification:454310
NAIC Description:Fuel Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01
0032018-01-01
0032018-01-01
0032017-01-01WENDY LEWIS
0032016-01-01WENDY LEWIS2017-06-09
0032015-01-01WENDY LEWIS2016-07-12
0032014-01-01WENDY LEWIS2015-09-17
0032013-01-01WENDY LEWIS2014-10-08
0032012-01-01WENDY LEWIS2013-09-09
0032011-01-01JAMES TOWNSEND2012-10-11
0032010-01-01WENDY LEWIS2011-07-28 WENDY LEWIS2011-07-28
0032009-01-01WENDY LEWIS WENDY LEWIS2010-07-20
0032009-01-01WENDY LEWIS

Plan Statistics for TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN

401k plan membership statisitcs for TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN

Measure Date Value
2022: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01135
Total number of active participants reported on line 7a of the Form 55002022-01-01120
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0129
Total of all active and inactive participants2022-01-01149
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01150
Number of participants with account balances2022-01-01102
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0110
2021: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01131
Total number of active participants reported on line 7a of the Form 55002021-01-01113
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0123
Total of all active and inactive participants2021-01-01137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01137
Number of participants with account balances2021-01-0195
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-014
2020: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01132
Total number of active participants reported on line 7a of the Form 55002020-01-01113
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0116
Total of all active and inactive participants2020-01-01130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01130
Number of participants with account balances2020-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01105
Total number of active participants reported on line 7a of the Form 55002019-01-01116
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0112
Total of all active and inactive participants2019-01-01129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01129
Number of participants with account balances2019-01-0181
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01114
Total number of active participants reported on line 7a of the Form 55002018-01-0194
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0111
Total of all active and inactive participants2018-01-01105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01105
Number of participants with account balances2018-01-0163
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-011
2017: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01125
Total number of active participants reported on line 7a of the Form 55002017-01-0196
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0118
Total of all active and inactive participants2017-01-01114
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01114
Number of participants with account balances2017-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-012
2009: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0144
Total number of active participants reported on line 7a of the Form 55002009-01-0136
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-017
Total of all active and inactive participants2009-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0143
Number of participants with account balances2009-01-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN

Measure Date Value
2022 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-318,500
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,312,897
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,279,495
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$854,909
Value of total assets at end of year2022-12-31$6,845,194
Value of total assets at beginning of year2022-12-31$8,476,591
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$33,402
Total interest from all sources2022-12-31$3,897
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$221,313
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$221,313
Administrative expenses professional fees incurred2022-12-31$26,007
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$584,958
Participant contributions at end of year2022-12-31$89,453
Participant contributions at beginning of year2022-12-31$68,818
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$91,643
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,631,397
Value of net assets at end of year (total assets less liabilities)2022-12-31$6,845,194
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$8,476,591
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$6,594,801
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$7,637,808
Interest on participant loans2022-12-31$3,897
Value of interest in common/collective trusts at end of year2022-12-31$160,940
Value of interest in common/collective trusts at beginning of year2022-12-31$769,965
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,398,619
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$178,308
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,279,495
Contract administrator fees2022-12-31$7,395
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31GRAY, GRAY & GRAY, LLP
Accountancy firm EIN2022-12-31042088368
2021 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,665,891
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$603,888
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$562,965
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$704,932
Value of total assets at end of year2021-12-31$8,476,591
Value of total assets at beginning of year2021-12-31$7,414,588
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$40,923
Total interest from all sources2021-12-31$3,191
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$896,530
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$896,530
Administrative expenses professional fees incurred2021-12-31$33,889
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$541,994
Participant contributions at end of year2021-12-31$68,818
Participant contributions at beginning of year2021-12-31$68,255
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$9,419
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,062,003
Value of net assets at end of year (total assets less liabilities)2021-12-31$8,476,591
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$7,414,588
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$7,637,808
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$7,346,133
Interest on participant loans2021-12-31$3,191
Value of interest in common/collective trusts at end of year2021-12-31$769,965
Value of interest in common/collective trusts at beginning of year2021-12-31$200
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$61,238
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$153,519
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$562,965
Contract administrator fees2021-12-31$7,034
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31GRAY, GRAY & GRAY, LLP
Accountancy firm EIN2021-12-31042088368
2020 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$1,560,048
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$355,162
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$316,451
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$648,259
Value of total assets at end of year2020-12-31$7,414,588
Value of total assets at beginning of year2020-12-31$6,209,702
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$38,711
Total interest from all sources2020-12-31$3,579
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$263,424
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$263,424
Administrative expenses professional fees incurred2020-12-31$28,836
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$502,925
Participant contributions at end of year2020-12-31$68,255
Participant contributions at beginning of year2020-12-31$52,157
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$10,575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,204,886
Value of net assets at end of year (total assets less liabilities)2020-12-31$7,414,588
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$6,209,702
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$7,346,133
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$6,143,538
Interest on participant loans2020-12-31$3,579
Value of interest in common/collective trusts at end of year2020-12-31$200
Value of interest in common/collective trusts at beginning of year2020-12-31$14,007
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$644,786
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$134,759
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$316,451
Contract administrator fees2020-12-31$9,875
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31GRAY, GRAY & GRAY, LLP
Accountancy firm EIN2020-12-31042088368
2019 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$1,874,751
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$396,702
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$359,116
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$846,911
Value of total assets at end of year2019-12-31$6,209,702
Value of total assets at beginning of year2019-12-31$4,731,653
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$37,586
Total interest from all sources2019-12-31$3,469
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$190,339
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$190,339
Administrative expenses professional fees incurred2019-12-31$30,902
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$473,445
Participant contributions at end of year2019-12-31$52,157
Participant contributions at beginning of year2019-12-31$67,736
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$248,997
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$1,478,049
Value of net assets at end of year (total assets less liabilities)2019-12-31$6,209,702
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$4,731,653
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$6,143,538
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$4,636,043
Interest on participant loans2019-12-31$3,469
Value of interest in common/collective trusts at end of year2019-12-31$14,007
Value of interest in common/collective trusts at beginning of year2019-12-31$27,874
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$834,032
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$124,469
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$359,116
Contract administrator fees2019-12-31$6,684
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31GRAY, GRAY & GRAY, LLP
Accountancy firm EIN2019-12-31042088368
2018 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$138,599
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$204,457
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$201,652
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$475,781
Value of total assets at end of year2018-12-31$4,731,653
Value of total assets at beginning of year2018-12-31$4,797,511
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,805
Total interest from all sources2018-12-31$2,953
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$166,709
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$166,709
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$378,793
Participant contributions at end of year2018-12-31$67,736
Participant contributions at beginning of year2018-12-31$79,681
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$1,272
Administrative expenses (other) incurred2018-12-31$2,379
Total non interest bearing cash at end of year2018-12-31$0
Total non interest bearing cash at beginning of year2018-12-31$1,622
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-65,858
Value of net assets at end of year (total assets less liabilities)2018-12-31$4,731,653
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$4,797,511
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$4,636,043
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$4,716,208
Interest on participant loans2018-12-31$2,953
Value of interest in common/collective trusts at end of year2018-12-31$27,874
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-366,868
Net investment gain/loss from pooled separate accounts2018-12-31$-140,040
Net investment gain or loss from common/collective trusts2018-12-31$64
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$95,716
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$201,652
Contract administrator fees2018-12-31$426
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31Yes
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31No
Opinion of an independent qualified public accountant for this plan2018-12-31Unqualified
Accountancy firm name2018-12-31LICHTSINN & HAENSEL SC
Accountancy firm EIN2018-12-31391184176
2017 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$1,149,334
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,008,100
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,005,381
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$452,339
Value of total assets at end of year2017-12-31$4,797,511
Value of total assets at beginning of year2017-12-31$4,656,277
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,719
Total interest from all sources2017-12-31$2,954
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$440,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$343,743
Participant contributions at end of year2017-12-31$79,681
Participant contributions at beginning of year2017-12-31$102,171
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$25,038
Administrative expenses (other) incurred2017-12-31$1,544
Total non interest bearing cash at end of year2017-12-31$1,622
Total non interest bearing cash at beginning of year2017-12-31$1,258
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$141,234
Value of net assets at end of year (total assets less liabilities)2017-12-31$4,797,511
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$4,656,277
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$4,716,208
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$4,552,848
Interest on participant loans2017-12-31$2,954
Net investment gain/loss from pooled separate accounts2017-12-31$694,041
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$83,558
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,005,381
Contract administrator fees2017-12-31$1,175
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31LICHTSINN & HAENSEL SC
Accountancy firm EIN2017-12-31391184176
2009 : TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN

2022: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedYes
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2009: TOWNSEND OIL COMPANY, INCORPORATED 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number96169
Policy instance 1
Insurance contract or identification number96169
Number of Individuals Covered0
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $11,254
Total amount of fees paid to insurance companyUSD $5,945
Are there contracts with allocated funds for individual policies?0
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?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,254
Amount paid for insurance broker fees0
Additional information about fees paid to insurance brokerTPA FEES
Insurance broker organization code?3
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number96169
Policy instance 1
Insurance contract or identification number96169
Number of Individuals Covered64
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $11,046
Total amount of fees paid to insurance companyUSD $8,382
Are there contracts with allocated funds for individual policies?0
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?Yes
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
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $11,046
Insurance broker organization code?3
Amount paid for insurance broker fees8382
Additional information about fees paid to insurance brokerTPA ADMINISTRATOR ALLOWANCE
Insurance broker nameTHE ANGELL PENSION GROUP, INC.

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