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LAREDO PETROLEUM, INC. 401(K) PLAN 401k Plan overview

Plan NameLAREDO PETROLEUM, INC. 401(K) PLAN
Plan identification number 001

LAREDO PETROLEUM, INC. 401(K) 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:LAREDO PETROLEUM, INC.
Employer identification number (EIN):205707393
NAIC Classification:211110
NAIC Description: Oil and Gas Extraction, Oil

Additional information about LAREDO PETROLEUM, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2012-06-04
Company Identification Number: 0801607384
Legal Registered Office Address: 521 E 2ND ST STE 1000

TULSA
United States of America (USA)
74120

More information about LAREDO PETROLEUM, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAREDO PETROLEUM, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01JANET GOODSON LAURA LUNDQUIST2014-09-29
0012012-01-01JANET GOODSON LAURA LUNDQUIST2013-10-11
0012011-01-01JANET GOODSON LAURA LUNDQUIST2012-07-16
0012010-01-01W. BLAND WILLIAMSON2011-10-07

Plan Statistics for LAREDO PETROLEUM, INC. 401(K) PLAN

401k plan membership statisitcs for LAREDO PETROLEUM, INC. 401(K) PLAN

Measure Date Value
2013: LAREDO PETROLEUM, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01277
Total number of active participants reported on line 7a of the Form 55002013-01-01326
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0132
Total of all active and inactive participants2013-01-01358
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01358
Number of participants with account balances2013-01-01332
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: LAREDO PETROLEUM, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01157
Total number of active participants reported on line 7a of the Form 55002012-01-01260
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0117
Total of all active and inactive participants2012-01-01277
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01277
Number of participants with account balances2012-01-01257
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: LAREDO PETROLEUM, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01140
Total number of active participants reported on line 7a of the Form 55002011-01-01145
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0112
Total of all active and inactive participants2011-01-01157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01157
Number of participants with account balances2011-01-01147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on LAREDO PETROLEUM, INC. 401(K) PLAN

Measure Date Value
2013 : LAREDO PETROLEUM, INC. 401(K) PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$2,741,225
Total unrealized appreciation/depreciation of assets2013-12-31$2,741,225
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$4,052
Total income from all sources (including contributions)2013-12-31$7,684,534
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,732,678
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,723,570
Expenses. Certain deemed distributions of participant loans2013-12-31$0
Value of total corrective distributions2013-12-31$582
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$4,884,690
Value of total assets at end of year2013-12-31$18,669,911
Value of total assets at beginning of year2013-12-31$12,722,107
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$8,526
Total interest from all sources2013-12-31$8,162
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$40,341
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$39,258
Administrative expenses professional fees incurred2013-12-31$8,526
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$2,539,812
Participant contributions at end of year2013-12-31$188,149
Participant contributions at beginning of year2013-12-31$226,735
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$452,798
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$74,533
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$3,800
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$3,493
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$5,951,856
Value of net assets at end of year (total assets less liabilities)2013-12-31$18,669,911
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$12,718,055
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$5,915,213
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$3,858,946
Interest on participant loans2013-12-31$8,162
Value of interest in common/collective trusts at end of year2013-12-31$12,455,807
Value of interest in common/collective trusts at beginning of year2013-12-31$8,620,494
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$7,798
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$12,132
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$12,132
Net investment gain or loss from common/collective trusts2013-12-31$10,116
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,892,080
Employer contributions (assets) at end of year2013-12-31$0
Employer contributions (assets) at beginning of year2013-12-31$0
Income. Dividends from common stock2013-12-31$1,083
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,723,570
Assets. Corporate common stocks other than exployer securities at end of year2013-12-31$28,411
Assets. Corporate common stocks other than exployer securities at beginning of year2013-12-31$0
Liabilities. Value of benefit claims payable at end of year2013-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$559
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31HOGANTAYLOR, LLP
Accountancy firm EIN2013-12-31731413977
2012 : LAREDO PETROLEUM, INC. 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$1,366,512
Total unrealized appreciation/depreciation of assets2012-12-31$1,366,512
Total transfer of assets to this plan2012-12-31$4,347,240
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$4,052
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$5,265,331
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$4,892,579
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$4,887,083
Expenses. Certain deemed distributions of participant loans2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,832,459
Value of total assets at end of year2012-12-31$12,722,107
Value of total assets at beginning of year2012-12-31$7,998,063
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$5,496
Total interest from all sources2012-12-31$6,196
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$48,832
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$48,702
Administrative expenses professional fees incurred2012-12-31$5,496
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$1,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$1,941,482
Participant contributions at end of year2012-12-31$226,735
Participant contributions at beginning of year2012-12-31$123,999
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$4,610
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$597,914
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$3,800
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$3,493
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$372,752
Value of net assets at end of year (total assets less liabilities)2012-12-31$12,718,055
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$7,998,063
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$3,858,946
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,437,920
Interest on participant loans2012-12-31$6,196
Value of interest in common/collective trusts at end of year2012-12-31$8,620,494
Value of interest in common/collective trusts at beginning of year2012-12-31$5,429,280
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$12,132
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$0
Net investment gain or loss from common/collective trusts2012-12-31$11,332
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,293,063
Employer contributions (assets) at end of year2012-12-31$0
Employer contributions (assets) at beginning of year2012-12-31$2,254
Income. Dividends from common stock2012-12-31$130
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$4,887,083
Liabilities. Value of benefit claims payable at end of year2012-12-31$559
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31GRANT THORNTON, LLP
Accountancy firm EIN2012-12-31366055558
2011 : LAREDO PETROLEUM, INC. 401(K) PLAN 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$-209,546
Total unrealized appreciation/depreciation of assets2011-12-31$-209,546
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$2,267,246
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$252,755
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$252,734
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,438,019
Value of total assets at end of year2011-12-31$7,998,063
Value of total assets at beginning of year2011-12-31$5,983,572
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$21
Total interest from all sources2011-12-31$5,332
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$21
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$1,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$1,274,093
Participant contributions at end of year2011-12-31$4,610
Participant contributions at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$365,369
Assets. Loans (other than to participants) at end of year2011-12-31$123,999
Assets. Loans (other than to participants) at beginning of year2011-12-31$133,252
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$2,014,491
Value of net assets at end of year (total assets less liabilities)2011-12-31$7,998,063
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$5,983,572
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$2,437,920
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,954,147
Interest on participant loans2011-12-31$5,332
Value of interest in common/collective trusts at end of year2011-12-31$5,429,280
Value of interest in common/collective trusts at beginning of year2011-12-31$3,896,173
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$25,607
Net investment gain or loss from common/collective trusts2011-12-31$7,834
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$798,557
Employer contributions (assets) at end of year2011-12-31$2,254
Employer contributions (assets) at beginning of year2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$252,734
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31GRANT THORNTON, LLP
Accountancy firm EIN2011-12-31366055558

Form 5500 Responses for LAREDO PETROLEUM, INC. 401(K) PLAN

2013: LAREDO PETROLEUM, INC. 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LAREDO PETROLEUM, INC. 401(K) 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LAREDO PETROLEUM, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
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 – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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