401k Plan data: EAST COAST ENERGY GROUP 401(K) PLAN plan

EAST COAST ENERGY GROUP 401(K) PLAN 401k Plan overview

Plan Name	EAST COAST ENERGY GROUP 401(K) PLAN
Plan identification number	001

EAST COAST ENERGY GROUP 401(K) PLAN Benefits

401k Plan Type

Defined 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.

401k Sponsoring company profile

EAST COAST PETROLEUM, INC. has sponsored the creation of one or more 401k plans.

Company Name: EAST COAST PETROLEUM, INC.

Employer identification number (EIN): 133762228

NAIC Classification: 221500

Additional information about EAST COAST PETROLEUM, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 1993-12-31

Company Identification Number: 1783523

Legal Registered Office Address: 340 Jackson Avenue
Bronx
Bronx
United States of America (USA)
10454

More information about EAST COAST PETROLEUM, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EAST COAST ENERGY GROUP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01
001 2016-01-01
001 2015-01-01
001 2014-01-01
001 2013-01-01

Plan Statistics for EAST COAST ENERGY GROUP 401(K) PLAN

401k plan membership statisitcs for EAST COAST ENERGY GROUP 401(K) PLAN

Measure Date Value
2022: EAST COAST ENERGY GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 105
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 55
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 40
Total of all active and inactive participants 2022-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 95
Number of participants with account balances 2022-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 7
2021: EAST COAST ENERGY GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 63
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 55
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 45
Total of all active and inactive participants 2021-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 100
Number of participants with account balances 2021-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 5
2020: EAST COAST ENERGY GROUP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 73
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 21
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 42
Total of all active and inactive participants 2020-01-01 63
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 63
Number of participants with account balances 2020-01-01 63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 16

Measure	Date	Value
2022: EAST COAST ENERGY GROUP 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	105
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	55
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	40
Total of all active and inactive participants	2022-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	95
Number of participants with account balances	2022-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	7
2021: EAST COAST ENERGY GROUP 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	63
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	55
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	45
Total of all active and inactive participants	2021-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	100
Number of participants with account balances	2021-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	5
2020: EAST COAST ENERGY GROUP 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	73
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	21
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	42
Total of all active and inactive participants	2020-01-01	63
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	63
Number of participants with account balances	2020-01-01	63
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	16

Financial Data on EAST COAST ENERGY GROUP 401(K) PLAN

Measure	Date	Value
2022 : EAST COAST ENERGY GROUP 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$32,840
Expenses. Total of all expenses incurred	2022-12-31	$358,925
Benefits paid (including direct rollovers)	2022-12-31	$319,726
Total plan assets at end of year	2022-12-31	$3,514,711
Total plan assets at beginning of year	2022-12-31	$3,840,796
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$227,863
Contributions received from other sources (not participants or employers)	2022-12-31	$27,554
Other income received	2022-12-31	$-467,224
Net income (gross income less expenses)	2022-12-31	$-326,085
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,514,711
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,840,796
Assets. Value of participant loans	2022-12-31	$112,255
Total contributions received or receivable from employer(s)	2022-12-31	$244,647
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$39,199
2021 : EAST COAST ENERGY GROUP 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$776,016
Expenses. Total of all expenses incurred	2021-12-31	$141,905
Benefits paid (including direct rollovers)	2021-12-31	$125,265
Total plan assets at end of year	2021-12-31	$3,840,796
Total plan assets at beginning of year	2021-12-31	$3,206,685
Value of fidelity bond covering the plan	2021-12-31	$40,000
Total contributions received or receivable from participants	2021-12-31	$178,028
Contributions received from other sources (not participants or employers)	2021-12-31	$33,344
Other income received	2021-12-31	$284,781
Net income (gross income less expenses)	2021-12-31	$634,111
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,840,796
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,206,685
Assets. Value of participant loans	2021-12-31	$59,304
Total contributions received or receivable from employer(s)	2021-12-31	$279,863
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$16,640
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : EAST COAST ENERGY GROUP 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$771,277
Expenses. Total of all expenses incurred	2020-12-31	$167,874
Benefits paid (including direct rollovers)	2020-12-31	$167,103
Total plan assets at end of year	2020-12-31	$3,206,685
Total plan assets at beginning of year	2020-12-31	$2,603,282
Value of fidelity bond covering the plan	2020-12-31	$40,000
Total contributions received or receivable from participants	2020-12-31	$193,351
Other income received	2020-12-31	$310,659
Net income (gross income less expenses)	2020-12-31	$603,403
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,206,685
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,603,282
Assets. Value of participant loans	2020-12-31	$55,615
Total contributions received or receivable from employer(s)	2020-12-31	$267,267
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$771
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0

Form 5500 Responses for EAST COAST ENERGY GROUP 401(K) PLAN

2022: EAST COAST ENERGY GROUP 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: EAST COAST ENERGY GROUP 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: EAST COAST ENERGY GROUP 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )

Policy contract number

800692

Policy instance

Insurance contract or identification number	800692
Number of Individuals Covered	65
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $19,691
Total amount of fees paid to insurance company	USD $4,601
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $19,691
Insurance broker organization code?	3
Amount paid for insurance broker fees	2925
Additional information about fees paid to insurance broker	TPA FEES PAID

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )

Policy contract number

800692

Policy instance

Insurance contract or identification number	800692
Number of Individuals Covered	72
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $22,513
Total amount of fees paid to insurance company	USD $2,347
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $22,513
Insurance broker organization code?	3
Amount paid for insurance broker fees	1522
Additional information about fees paid to insurance broker	TPA COMPENSATION

JOHN HANCOCK LIFE INSURANCE COMPANY OF NEW YORK (National Association of Insurance Commissioners NAIC id number: 86375 )

Policy contract number

800692

Policy instance

Insurance contract or identification number	800692
Number of Individuals Covered	63
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $18,531
Total amount of fees paid to insurance company	USD $1,770
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $18,531
Insurance broker organization code?	3
Amount paid for insurance broker fees	1270
Additional information about fees paid to insurance broker	TPA COMPENSATION

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Company Name:	EAST COAST PETROLEUM, INC.
Employer identification number (EIN):	133762228
NAIC Classification:	221500

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	1993-12-31
Company Identification Number:	1783523
Legal Registered Office Address:	340 Jackson Avenue Bronx Bronx United States of America (USA) 10454