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PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 401k Plan overview

Plan NamePETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN
Plan identification number 001

PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PETERS MACHINE, INC. has sponsored the creation of one or more 401k plans.

Company Name:PETERS MACHINE, INC.
Employer identification number (EIN):200991271
NAIC Classification:332400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-01-01JERALD NELSON
0012016-01-01JERALD NELSON
0012015-01-01JERALD NELSON
0012014-01-01JERALD NELSON
0012013-01-01JERALD NELSON
0012012-01-01JERRY NELSON
0012011-01-01JERRY NELSON

Plan Statistics for PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN

401k plan membership statisitcs for PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN

Measure Date Value
2018: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0115
Total number of active participants reported on line 7a of the Form 55002017-01-010
Number of retired or separated participants receiving benefits2017-01-011
Number of other retired or separated participants entitled to future benefits2017-01-010
Total of all active and inactive participants2017-01-011
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-011
Number of participants with account balances2017-01-011
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0121
Total number of active participants reported on line 7a of the Form 55002016-01-0112
Number of retired or separated participants receiving benefits2016-01-013
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-0115
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0115
Number of participants with account balances2016-01-0115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0118
Total number of active participants reported on line 7a of the Form 55002015-01-0119
Number of retired or separated participants receiving benefits2015-01-012
Number of other retired or separated participants entitled to future benefits2015-01-010
Total of all active and inactive participants2015-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0121
Number of participants with account balances2015-01-0121
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0119
Total number of active participants reported on line 7a of the Form 55002014-01-0117
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-0118
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0118
Number of participants with account balances2014-01-0120
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0116
Total number of active participants reported on line 7a of the Form 55002013-01-0118
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0119
Number of participants with account balances2013-01-0117
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0119
Total number of active participants reported on line 7a of the Form 55002012-01-0112
Number of retired or separated participants receiving benefits2012-01-014
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0116
Number of participants with account balances2012-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0121
Total number of active participants reported on line 7a of the Form 55002011-01-0114
Number of retired or separated participants receiving benefits2011-01-015
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-0119
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0119
Number of participants with account balances2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN

Measure Date Value
2018 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2018 401k financial data
Total income from all sources2018-12-31$17
Expenses. Total of all expenses incurred2018-12-31$476
Benefits paid (including direct rollovers)2018-12-31$476
Total plan assets at end of year2018-12-31$0
Total plan assets at beginning of year2018-12-31$459
Other income received2018-12-31$17
Net income (gross income less expenses)2018-12-31$-459
Net plan assets at end of year (total assets less liabilities)2018-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$459
2017 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2017 401k financial data
Total income from all sources2017-12-31$58,601
Expenses. Total of all expenses incurred2017-12-31$550,524
Benefits paid (including direct rollovers)2017-12-31$550,345
Total plan assets at end of year2017-12-31$459
Total plan assets at beginning of year2017-12-31$492,382
Value of fidelity bond covering the plan2017-12-31$50,000
Total contributions received or receivable from participants2017-12-31$22,852
Other income received2017-12-31$26,083
Net income (gross income less expenses)2017-12-31$-491,923
Net plan assets at end of year (total assets less liabilities)2017-12-31$459
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$492,382
Assets. Value of employer securities2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$9,666
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$179
2016 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2016 401k financial data
Total income from all sources2016-12-31$129,779
Expenses. Total of all expenses incurred2016-12-31$328,250
Benefits paid (including direct rollovers)2016-12-31$327,944
Total plan assets at end of year2016-12-31$492,382
Total plan assets at beginning of year2016-12-31$690,853
Value of fidelity bond covering the plan2016-12-31$50,000
Total contributions received or receivable from participants2016-12-31$65,160
Other income received2016-12-31$37,470
Net income (gross income less expenses)2016-12-31$-198,471
Net plan assets at end of year (total assets less liabilities)2016-12-31$492,382
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$690,853
Assets. Value of employer securities2016-12-31$1,000
Total contributions received or receivable from employer(s)2016-12-31$27,149
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$306
2015 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2015 401k financial data
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$82,281
Expenses. Total of all expenses incurred2015-12-31$82,691
Benefits paid (including direct rollovers)2015-12-31$82,300
Total plan assets at end of year2015-12-31$690,853
Total plan assets at beginning of year2015-12-31$691,263
Value of fidelity bond covering the plan2015-12-31$50,000
Total contributions received or receivable from participants2015-12-31$73,989
Other income received2015-12-31$-19,246
Net income (gross income less expenses)2015-12-31$-410
Net plan assets at end of year (total assets less liabilities)2015-12-31$690,853
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$691,263
Assets. Value of employer securities2015-12-31$1,000
Total contributions received or receivable from employer(s)2015-12-31$27,538
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$391
2014 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$114,478
Expenses. Total of all expenses incurred2014-12-31$42,052
Benefits paid (including direct rollovers)2014-12-31$41,036
Total plan assets at end of year2014-12-31$691,263
Total plan assets at beginning of year2014-12-31$618,837
Value of fidelity bond covering the plan2014-12-31$50,000
Total contributions received or receivable from participants2014-12-31$74,987
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$8,169
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$72,426
Net plan assets at end of year (total assets less liabilities)2014-12-31$691,263
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$618,837
Assets. Value of employer securities2014-12-31$1,000
Total contributions received or receivable from employer(s)2014-12-31$31,322
Value of certain deemed distributions of participant loans2014-12-31$0
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$1,016
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total plan liabilities at beginning of year2013-12-31$0
Total income from all sources2013-12-31$172,705
Expenses. Total of all expenses incurred2013-12-31$118,205
Benefits paid (including direct rollovers)2013-12-31$115,000
Total plan assets at end of year2013-12-31$618,837
Total plan assets at beginning of year2013-12-31$564,337
Value of fidelity bond covering the plan2013-12-31$50,000
Total contributions received or receivable from participants2013-12-31$74,346
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$0
Other income received2013-12-31$73,937
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$54,500
Net plan assets at end of year (total assets less liabilities)2013-12-31$618,837
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$564,337
Assets. Value of employer securities2013-12-31$1,000
Total contributions received or receivable from employer(s)2013-12-31$24,422
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$3,205
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2012 401k financial data
Total income from all sources2012-12-31$137,981
Expenses. Total of all expenses incurred2012-12-31$69,697
Benefits paid (including direct rollovers)2012-12-31$66,321
Total plan assets at end of year2012-12-31$564,337
Total plan assets at beginning of year2012-12-31$496,053
Value of fidelity bond covering the plan2012-12-31$50,000
Total contributions received or receivable from participants2012-12-31$72,734
Other income received2012-12-31$41,729
Net income (gross income less expenses)2012-12-31$68,284
Net plan assets at end of year (total assets less liabilities)2012-12-31$564,337
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$496,053
Assets. Value of employer securities2012-12-31$1,000
Total contributions received or receivable from employer(s)2012-12-31$23,518
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$3,376
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2011 401k financial data
Total income from all sources2011-12-31$21,539
Expenses. Total of all expenses incurred2011-12-31$35,706
Benefits paid (including direct rollovers)2011-12-31$32,635
Total plan assets at end of year2011-12-31$496,053
Total plan assets at beginning of year2011-12-31$510,220
Value of fidelity bond covering the plan2011-12-31$1,000,000
Total contributions received or receivable from participants2011-12-31$72,009
Other income received2011-12-31$-74,367
Net income (gross income less expenses)2011-12-31$-14,167
Net plan assets at end of year (total assets less liabilities)2011-12-31$496,053
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$510,220
Assets. Value of employer securities2011-12-31$1,000
Total contributions received or receivable from employer(s)2011-12-31$23,897
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$3,071
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0

Form 5500 Responses for PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN

2018: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingYes
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PETERS MACHINE, INC. PENSION TRANSFER TRUST PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number1260073-01
Policy instance 1
Insurance contract or identification number1260073-01
Number of Individuals Covered229
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $369
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $369
Insurance broker organization code?3
Insurance broker nameMERRILL LYNCH LIFE AGENCY, INC.

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