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

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

Plan Name	EAST COAST ENERGY GROUP UNION 401(K) PLAN
Plan identification number	002

EAST COAST ENERGY GROUP UNION 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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 UNION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01

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

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

Measure Date Value
2022: EAST COAST ENERGY GROUP UNION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 76
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 68
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 8
Total of all active and inactive participants 2022-01-01 76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 76
Number of participants with account balances 2022-01-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: EAST COAST ENERGY GROUP UNION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 60
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 60
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 7
Total of all active and inactive participants 2021-01-01 67
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 67
Number of participants with account balances 2021-01-01 25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 2
2020: EAST COAST ENERGY GROUP UNION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 59
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 56
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 4
Total of all active and inactive participants 2020-01-01 60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 60
Number of participants with account balances 2020-01-01 26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 3

Measure	Date	Value
2022: EAST COAST ENERGY GROUP UNION 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	76
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	68
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	8
Total of all active and inactive participants	2022-01-01	76
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	76
Number of participants with account balances	2022-01-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: EAST COAST ENERGY GROUP UNION 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	60
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	60
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	7
Total of all active and inactive participants	2021-01-01	67
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	67
Number of participants with account balances	2021-01-01	25
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	2
2020: EAST COAST ENERGY GROUP UNION 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	59
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	56
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	4
Total of all active and inactive participants	2020-01-01	60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	60
Number of participants with account balances	2020-01-01	26
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	3

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

Measure	Date	Value
2022 : EAST COAST ENERGY GROUP UNION 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	$-96,623
Expenses. Total of all expenses incurred	2022-12-31	$15,908
Benefits paid (including direct rollovers)	2022-12-31	$6,450
Total plan assets at end of year	2022-12-31	$1,061,212
Total plan assets at beginning of year	2022-12-31	$1,173,743
Value of fidelity bond covering the plan	2022-12-31	$500,000
Total contributions received or receivable from participants	2022-12-31	$137,548
Contributions received from other sources (not participants or employers)	2022-12-31	$13,161
Other income received	2022-12-31	$-247,332
Net income (gross income less expenses)	2022-12-31	$-112,531
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$1,061,212
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$1,173,743
Assets. Value of participant loans	2022-12-31	$53,273
Value of certain deemed distributions of participant loans	2022-12-31	$4,609
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$4,849
2021 : EAST COAST ENERGY GROUP UNION 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	$287,687
Expenses. Total of all expenses incurred	2021-12-31	$80,064
Benefits paid (including direct rollovers)	2021-12-31	$75,144
Total plan assets at end of year	2021-12-31	$1,173,743
Total plan assets at beginning of year	2021-12-31	$966,120
Value of fidelity bond covering the plan	2021-12-31	$40,000
Total contributions received or receivable from participants	2021-12-31	$145,029
Contributions received from other sources (not participants or employers)	2021-12-31	$12,193
Other income received	2021-12-31	$130,465
Net income (gross income less expenses)	2021-12-31	$207,623
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$1,173,743
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$966,120
Assets. Value of participant loans	2021-12-31	$31,100
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$4,920
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 UNION 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	$311,503
Expenses. Total of all expenses incurred	2020-12-31	$16,897
Benefits paid (including direct rollovers)	2020-12-31	$13,354
Total plan assets at end of year	2020-12-31	$966,120
Total plan assets at beginning of year	2020-12-31	$671,514
Value of fidelity bond covering the plan	2020-12-31	$40,000
Total contributions received or receivable from participants	2020-12-31	$164,509
Other income received	2020-12-31	$146,994
Net income (gross income less expenses)	2020-12-31	$294,606
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$966,120
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$671,514
Assets. Value of participant loans	2020-12-31	$19,908
Total contributions received or receivable from employer(s)	2020-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$3,543
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 UNION 401(K) PLAN

2022: EAST COAST ENERGY GROUP UNION 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 UNION 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 UNION 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

800963

Policy instance

Insurance contract or identification number	800963
Number of Individuals Covered	28
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $7,691
Total amount of fees paid to insurance company	USD $1,234
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 $7,691
Insurance broker organization code?	3
Amount paid for insurance broker fees	700
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

800963

Policy instance

Insurance contract or identification number	800963
Number of Individuals Covered	27
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $7,666
Total amount of fees paid to insurance company	USD $1,323
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 $7,666
Insurance broker organization code?	3
Amount paid for insurance broker fees	800
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

800963

Policy instance

Insurance contract or identification number	800963
Number of Individuals Covered	28
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $5,386
Total amount of fees paid to insurance company	USD $571
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 $5,386
Insurance broker organization code?	3
Amount paid for insurance broker fees	371
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