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OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 401k Plan overview

Plan NameOSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN
Plan identification number 002

OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

OSG BULK SHIPS, INC. has sponsored the creation of one or more 401k plans.

Company Name:OSG BULK SHIPS, INC.
Employer identification number (EIN):132632600
NAIC Classification:483000
NAIC Description: Water Transportation

Additional information about OSG BULK SHIPS, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 1968-10-29
Company Identification Number: 229789
Legal Registered Office Address: 80 STATE STREET
New York
ALBANY
United States of America (USA)
12207

More information about OSG BULK SHIPS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01DEANNA MARSHALL
0022023-01-01
0022023-01-01DEANNA MARSHALL
0022022-01-01
0022022-01-01DEANNA MARSHALL
0022021-01-01
0022021-01-01DEANNA MARSHALL
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01SUSAN LUCAS DEANNA MARSHALL2018-09-26
0022016-01-01SUSAN LUCAS
0022015-01-01SUSAN LUCAS
0022014-01-01SUSAN LUCAS

Plan Statistics for OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN

401k plan membership statisitcs for OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN

Measure Date Value
2023: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01290
Total number of active participants reported on line 7a of the Form 55002023-01-01172
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-01126
Total of all active and inactive participants2023-01-01298
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-012
Total participants2023-01-01300
Number of participants with account balances2023-01-01296
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-019
2022: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01246
Total number of active participants reported on line 7a of the Form 55002022-01-01182
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-01106
Total of all active and inactive participants2022-01-01289
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01290
Number of participants with account balances2022-01-01286
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0120
2021: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01258
Total number of active participants reported on line 7a of the Form 55002021-01-01162
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-0181
Total of all active and inactive participants2021-01-01245
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01246
Number of participants with account balances2021-01-01240
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-017
2020: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01233
Total number of active participants reported on line 7a of the Form 55002020-01-01184
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-0171
Total of all active and inactive participants2020-01-01257
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01258
Number of participants with account balances2020-01-01254
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-015
2019: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01214
Total number of active participants reported on line 7a of the Form 55002019-01-01162
Number of retired or separated participants receiving benefits2019-01-012
Number of other retired or separated participants entitled to future benefits2019-01-0168
Total of all active and inactive participants2019-01-01232
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01233
Number of participants with account balances2019-01-01228
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-016
2018: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01205
Total number of active participants reported on line 7a of the Form 55002018-01-01144
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-0168
Total of all active and inactive participants2018-01-01213
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01214
Number of participants with account balances2018-01-01209
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0111
2017: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01206
Total number of active participants reported on line 7a of the Form 55002017-01-01137
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-0167
Total of all active and inactive participants2017-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01205
Number of participants with account balances2017-01-01200
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0116
2016: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01207
Total number of active participants reported on line 7a of the Form 55002016-01-01143
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-0162
Total of all active and inactive participants2016-01-01206
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01206
Number of participants with account balances2016-01-01205
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0110
2015: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01354
Total number of active participants reported on line 7a of the Form 55002015-01-01144
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-0161
Total of all active and inactive participants2015-01-01206
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-01207
Number of participants with account balances2015-01-01203
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-016
2014: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01201
Total number of active participants reported on line 7a of the Form 55002014-01-01279
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0175
Total of all active and inactive participants2014-01-01354
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01354
Number of participants with account balances2014-01-01227
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0111

Financial Data on OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN

Measure Date Value
2023 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$8,251,173
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$3,575,171
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$3,545,130
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,370,867
Value of total assets at end of year2023-12-31$38,917,141
Value of total assets at beginning of year2023-12-31$34,241,139
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$30,041
Total interest from all sources2023-12-31$1,068
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$1,415,018
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$1,415,018
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$5,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Participant contributions at end of year2023-12-31$29,147
Participant contributions at beginning of year2023-12-31$48,738
Administrative expenses (other) incurred2023-12-31$30,041
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$4,676,002
Value of net assets at end of year (total assets less liabilities)2023-12-31$38,917,141
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$34,241,139
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$33,627,584
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$29,169,475
Interest on participant loans2023-12-31$1,068
Value of interest in common/collective trusts at end of year2023-12-31$1,691,013
Value of interest in common/collective trusts at beginning of year2023-12-31$1,547,610
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$3,569,397
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$3,377,164
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$3,377,164
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$4,424,464
Net investment gain or loss from common/collective trusts2023-12-31$39,756
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$2,370,867
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$98,152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$3,545,130
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31FRAZIER & DEETER
Accountancy firm EIN2023-12-31581433845
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$8,251,173
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$3,575,171
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$3,545,130
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$2,370,867
Value of total assets at end of year2023-01-01$38,917,141
Value of total assets at beginning of year2023-01-01$34,241,139
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$30,041
Total interest from all sources2023-01-01$1,068
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$1,415,018
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$1,415,018
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$5,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Participant contributions at end of year2023-01-01$29,147
Participant contributions at beginning of year2023-01-01$48,738
Administrative expenses (other) incurred2023-01-01$30,041
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$4,676,002
Value of net assets at end of year (total assets less liabilities)2023-01-01$38,917,141
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$34,241,139
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-01-01$33,627,584
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$29,169,475
Interest on participant loans2023-01-01$1,068
Value of interest in common/collective trusts at end of year2023-01-01$1,691,013
Value of interest in common/collective trusts at beginning of year2023-01-01$1,547,610
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-01-01$3,569,397
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$4,424,464
Net investment gain or loss from common/collective trusts2023-01-01$39,756
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$2,370,867
Employer contributions (assets) at end of year2023-01-01$0
Employer contributions (assets) at beginning of year2023-01-01$98,152
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$3,545,130
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01FRAZIER & DEETER
Accountancy firm EIN2023-01-01581433845
2022 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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$0
Total income from all sources (including contributions)2022-12-31$-3,972,617
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$3,648,912
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$3,631,658
Expenses. Certain deemed distributions of participant loans2022-12-31$-12,433
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,497,267
Value of total assets at end of year2022-12-31$34,241,139
Value of total assets at beginning of year2022-12-31$41,862,668
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$29,687
Total interest from all sources2022-12-31$4,021
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$1,351,086
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$1,351,086
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$5,000,000
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
Participant contributions at end of year2022-12-31$48,738
Participant contributions at beginning of year2022-12-31$83,459
Other income not declared elsewhere2022-12-31$2,340
Administrative expenses (other) incurred2022-12-31$29,687
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-7,621,529
Value of net assets at end of year (total assets less liabilities)2022-12-31$34,241,139
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$41,862,668
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$29,169,475
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$36,616,112
Interest on participant loans2022-12-31$4,021
Value of interest in common/collective trusts at end of year2022-12-31$1,547,610
Value of interest in common/collective trusts at beginning of year2022-12-31$2,002,407
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$3,377,164
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$3,070,781
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$3,070,781
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-7,857,907
Net investment gain or loss from common/collective trusts2022-12-31$30,576
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$2,497,267
Employer contributions (assets) at end of year2022-12-31$98,152
Employer contributions (assets) at beginning of year2022-12-31$89,909
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$3,631,658
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 name2022-12-31FRAZIER & DEETER
Accountancy firm EIN2022-12-31581433845
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-3,972,617
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$3,648,912
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$3,631,658
Expenses. Certain deemed distributions of participant loans2022-01-01$-12,433
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$2,497,267
Value of total assets at end of year2022-01-01$34,241,139
Value of total assets at beginning of year2022-01-01$41,862,668
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$29,687
Total interest from all sources2022-01-01$4,021
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$1,351,086
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$1,351,086
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$5,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Participant contributions at end of year2022-01-01$48,738
Participant contributions at beginning of year2022-01-01$83,459
Other income not declared elsewhere2022-01-01$2,340
Administrative expenses (other) incurred2022-01-01$29,687
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-7,621,529
Value of net assets at end of year (total assets less liabilities)2022-01-01$34,241,139
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$41,862,668
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$29,169,475
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$36,616,112
Interest on participant loans2022-01-01$4,021
Value of interest in common/collective trusts at end of year2022-01-01$1,547,610
Value of interest in common/collective trusts at beginning of year2022-01-01$2,002,407
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-01-01$3,377,164
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-7,857,907
Net investment gain or loss from common/collective trusts2022-01-01$30,576
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$2,497,267
Employer contributions (assets) at end of year2022-01-01$98,152
Employer contributions (assets) at beginning of year2022-01-01$89,909
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$3,631,658
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01FRAZIER & DEETER
Accountancy firm EIN2022-01-01581433845
2021 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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$7,166,576
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$5,320,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$5,275,487
Expenses. Certain deemed distributions of participant loans2021-12-31$12,433
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,799,882
Value of total assets at end of year2021-12-31$41,862,668
Value of total assets at beginning of year2021-12-31$40,016,481
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$32,469
Total interest from all sources2021-12-31$7,976
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$1,812,531
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$1,812,531
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$5,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Participant contributions at end of year2021-12-31$83,459
Participant contributions at beginning of year2021-12-31$67,091
Other income not declared elsewhere2021-12-31$235
Administrative expenses (other) incurred2021-12-31$32,469
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$1,846,187
Value of net assets at end of year (total assets less liabilities)2021-12-31$41,862,668
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$40,016,481
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$36,616,112
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$34,580,588
Interest on participant loans2021-12-31$7,976
Value of interest in common/collective trusts at end of year2021-12-31$2,002,407
Value of interest in common/collective trusts at beginning of year2021-12-31$2,334,717
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$3,070,781
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$2,937,163
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$2,937,163
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$3,519,063
Net investment gain or loss from common/collective trusts2021-12-31$26,889
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 contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$1,799,882
Employer contributions (assets) at end of year2021-12-31$89,909
Employer contributions (assets) at beginning of year2021-12-31$96,922
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$5,275,487
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 name2021-12-31FRAZIER & DEETER
Accountancy firm EIN2021-12-31581433845
2020 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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$7,550,470
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,808,489
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,742,833
Expenses. Certain deemed distributions of participant loans2020-12-31$36,566
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,414,701
Value of total assets at end of year2020-12-31$40,016,481
Value of total assets at beginning of year2020-12-31$34,274,500
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$29,090
Total interest from all sources2020-12-31$5,516
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$1,246,966
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$1,246,966
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$5,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Participant contributions at end of year2020-12-31$67,091
Participant contributions at beginning of year2020-12-31$138,636
Administrative expenses (other) incurred2020-12-31$29,090
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$5,741,981
Value of net assets at end of year (total assets less liabilities)2020-12-31$40,016,481
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$34,274,500
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$34,580,588
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$29,935,336
Interest on participant loans2020-12-31$5,516
Value of interest in common/collective trusts at end of year2020-12-31$2,334,717
Value of interest in common/collective trusts at beginning of year2020-12-31$2,193,614
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$2,937,163
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,922,948
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,922,948
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$3,834,092
Net investment gain or loss from common/collective trusts2020-12-31$49,195
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 contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$2,414,701
Employer contributions (assets) at end of year2020-12-31$96,922
Employer contributions (assets) at beginning of year2020-12-31$83,966
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,742,833
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 name2020-12-31FRAZIER & DEETER
Accountancy firm EIN2020-12-31581433845
2019 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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$8,016,381
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$1,272,527
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$1,269,279
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,900,822
Value of total assets at end of year2019-12-31$34,274,500
Value of total assets at beginning of year2019-12-31$27,530,646
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$3,248
Total interest from all sources2019-12-31$6,838
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,316,764
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$1,316,764
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Participant contributions at end of year2019-12-31$138,636
Participant contributions at beginning of year2019-12-31$126,438
Other income not declared elsewhere2019-12-31$252
Administrative expenses (other) incurred2019-12-31$3,248
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$6,743,854
Value of net assets at end of year (total assets less liabilities)2019-12-31$34,274,500
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$27,530,646
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$29,935,336
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$22,755,558
Interest on participant loans2019-12-31$6,838
Value of interest in common/collective trusts at end of year2019-12-31$2,193,614
Value of interest in common/collective trusts at beginning of year2019-12-31$2,270,107
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,922,948
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$2,281,295
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$2,281,295
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$4,791,705
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 contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$1,900,822
Employer contributions (assets) at end of year2019-12-31$83,966
Employer contributions (assets) at beginning of year2019-12-31$97,248
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$1,269,279
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 name2019-12-31FRAZIER & DEETER
Accountancy firm EIN2019-12-31581433845
2018 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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$0
Total income from all sources (including contributions)2018-12-31$-69,410
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$825,445
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$823,588
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,506,715
Value of total assets at end of year2018-12-31$27,530,646
Value of total assets at beginning of year2018-12-31$28,425,501
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$1,857
Total interest from all sources2018-12-31$7,259
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,545,904
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$1,545,904
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$5,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Funding deficiency by the employer to the plan for this plan year2018-12-31$0
Minimum employer required contribution for this plan year2018-12-31$1,506,715
Amount contributed by the employer to the plan for this plan year2018-12-31$1,506,715
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Participant contributions at end of year2018-12-31$126,438
Participant contributions at beginning of year2018-12-31$151,963
Other income not declared elsewhere2018-12-31$21,085
Administrative expenses (other) incurred2018-12-31$1,857
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-894,855
Value of net assets at end of year (total assets less liabilities)2018-12-31$27,530,646
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$28,425,501
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$22,755,558
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$26,261,688
Interest on participant loans2018-12-31$7,259
Value of interest in common/collective trusts at end of year2018-12-31$2,270,107
Value of interest in common/collective trusts at beginning of year2018-12-31$2,011,850
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$2,281,295
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-3,150,373
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$1,506,715
Employer contributions (assets) at end of year2018-12-31$97,248
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$823,588
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)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31FRAZIER & DEETER
Accountancy firm EIN2018-12-31581433845
2017 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$24,855
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$5,847,870
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$2,450,747
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$2,449,063
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,751,170
Value of total assets at end of year2017-12-31$28,425,501
Value of total assets at beginning of year2017-12-31$25,003,523
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$1,684
Total interest from all sources2017-12-31$10,127
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,208,855
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,208,855
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Funding deficiency by the employer to the plan for this plan year2017-12-31$0
Minimum employer required contribution for this plan year2017-12-31$1,751,170
Amount contributed by the employer to the plan for this plan year2017-12-31$1,751,170
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Participant contributions at end of year2017-12-31$151,963
Participant contributions at beginning of year2017-12-31$190,622
Other income not declared elsewhere2017-12-31$317
Administrative expenses (other) incurred2017-12-31$1,684
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$3,397,123
Value of net assets at end of year (total assets less liabilities)2017-12-31$28,425,501
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$25,003,523
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$26,261,688
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$22,684,269
Interest on participant loans2017-12-31$10,127
Value of interest in common/collective trusts at end of year2017-12-31$2,011,850
Value of interest in common/collective trusts at beginning of year2017-12-31$2,128,632
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,840,982
Net investment gain or loss from common/collective trusts2017-12-31$36,419
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$1,751,170
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$2,449,063
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)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2017-12-31431947695
2016 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$5,602
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$3,423,951
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$906,127
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$904,851
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,494,960
Value of total assets at end of year2016-12-31$25,003,523
Value of total assets at beginning of year2016-12-31$22,480,097
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$1,276
Total interest from all sources2016-12-31$9,146
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$872,046
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$872,046
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$20,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Funding deficiency by the employer to the plan for this plan year2016-12-31$0
Minimum employer required contribution for this plan year2016-12-31$1,494,960
Amount contributed by the employer to the plan for this plan year2016-12-31$1,494,960
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Participant contributions at end of year2016-12-31$190,622
Participant contributions at beginning of year2016-12-31$69,510
Administrative expenses (other) incurred2016-12-31$1,276
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$2,517,824
Value of net assets at end of year (total assets less liabilities)2016-12-31$25,003,523
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$22,480,097
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$22,684,269
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$20,534,188
Interest on participant loans2016-12-31$9,146
Value of interest in common/collective trusts at end of year2016-12-31$2,128,632
Value of interest in common/collective trusts at beginning of year2016-12-31$1,876,399
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$1,011,761
Net investment gain or loss from common/collective trusts2016-12-31$36,038
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$1,494,960
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$904,851
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 name2016-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2016-12-31431947695
2015 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$32,523
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$861,536
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$1,029,419
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,028,187
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,089,444
Value of total assets at end of year2015-12-31$22,480,097
Value of total assets at beginning of year2015-12-31$22,615,457
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,232
Total interest from all sources2015-12-31$4,155
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$1,086,987
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$1,086,987
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$15,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Funding deficiency by the employer to the plan for this plan year2015-12-31$0
Minimum employer required contribution for this plan year2015-12-31$1,089,444
Amount contributed by the employer to the plan for this plan year2015-12-31$1,089,444
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Participant contributions at end of year2015-12-31$69,510
Participant contributions at beginning of year2015-12-31$65,233
Administrative expenses (other) incurred2015-12-31$1,232
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-167,883
Value of net assets at end of year (total assets less liabilities)2015-12-31$22,480,097
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$22,615,457
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$20,534,188
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$20,592,955
Interest on participant loans2015-12-31$4,155
Value of interest in common/collective trusts at end of year2015-12-31$1,876,399
Value of interest in common/collective trusts at beginning of year2015-12-31$1,957,269
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-1,355,337
Net investment gain or loss from common/collective trusts2015-12-31$36,287
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 contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,089,444
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,028,187
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 name2015-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2015-12-31431947695
2014 : OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets from this plan2014-12-31$254,167
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$3,274,653
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,884,237
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,883,401
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,667,095
Value of total assets at end of year2014-12-31$22,615,457
Value of total assets at beginning of year2014-12-31$22,479,208
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$836
Total interest from all sources2014-12-31$5,074
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,143,254
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$1,143,254
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$15,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Funding deficiency by the employer to the plan for this plan year2014-12-31$0
Minimum employer required contribution for this plan year2014-12-31$1,667,095
Amount contributed by the employer to the plan for this plan year2014-12-31$1,667,095
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Participant contributions at end of year2014-12-31$65,233
Participant contributions at beginning of year2014-12-31$128,042
Administrative expenses (other) incurred2014-12-31$836
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$390,416
Value of net assets at end of year (total assets less liabilities)2014-12-31$22,615,457
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$22,479,208
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$20,592,955
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$20,212,971
Interest on participant loans2014-12-31$5,074
Value of interest in common/collective trusts at end of year2014-12-31$1,957,269
Value of interest in common/collective trusts at beginning of year2014-12-31$2,138,195
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$423,450
Net investment gain or loss from common/collective trusts2014-12-31$35,780
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$1,667,095
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,883,401
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 name2014-12-31MAYER HOFFMAN MCCANN PC
Accountancy firm EIN2014-12-31431947695

Form 5500 Responses for OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN

2023: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
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 – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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 – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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: OSG BULK SHIPS, INC. MONEY PURCHASE PENSION 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

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