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PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 401k Plan overview

Plan NamePETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN
Plan identification number 001

PETROCHEM INSPECTION SERVICES, 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.
  • Code section 403(b)(1) arrangement - See Limited Pension Plan Reporting instructions for Code section 403(b)(1) arrangements for certain exempt organizations.
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PETROCHEM INSPECTION SERVICES, INC has sponsored the creation of one or more 401k plans.

Company Name:PETROCHEM INSPECTION SERVICES, INC
Employer identification number (EIN):223539059
NAIC Classification:541990
NAIC Description:All Other Professional, Scientific, and Technical Services

Additional information about PETROCHEM INSPECTION SERVICES, INC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2794372

More information about PETROCHEM INSPECTION SERVICES, INC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-01-01
0012020-01-01LAURETTA STOCKMASTER2021-10-13
0012020-01-01LAURETTA STOCKMASTER2021-10-13
0012019-01-01LAURETTA STOCKMASTER2020-10-14
0012018-01-01LAURETTA STOCKMASTER2019-09-30
0012017-01-01
0012016-01-01
0012015-01-01
0012015-01-01
0012014-01-01RACHEL GRAHAM
0012013-01-01ROBERT MOYA ROBERT MOYA2014-10-13
0012012-01-01PATTY SWEETEN COLENE BLANKINSHIP2013-09-27
0012011-01-01PATTY SWEETEN COLENE BLANKINSHIP2012-09-06
0012009-01-01PATTY SWEETEN COLENE BLANKINSHIP2010-09-23

Plan Statistics for PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN

401k plan membership statisitcs for PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN

Measure Date Value
2020: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01223
Total number of active participants reported on line 7a of the Form 55002020-01-010
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0116
Total of all active and inactive participants2020-01-0116
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0116
Number of participants with account balances2020-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01499
Total number of active participants reported on line 7a of the Form 55002019-01-01109
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-01113
Total of all active and inactive participants2019-01-01222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-011
Total participants2019-01-01223
Number of participants with account balances2019-01-01166
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0123
2018: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01500
Total number of active participants reported on line 7a of the Form 55002018-01-01274
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-01212
Total of all active and inactive participants2018-01-01486
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01487
Number of participants with account balances2018-01-01319
2017: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01573
Total number of active participants reported on line 7a of the Form 55002017-01-01366
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-01121
Total of all active and inactive participants2017-01-01487
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01487
Number of participants with account balances2017-01-01270
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0117
2016: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01524
Total number of active participants reported on line 7a of the Form 55002016-01-01433
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-01117
Total of all active and inactive participants2016-01-01550
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01550
Number of participants with account balances2016-01-01272
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0120
2015: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01454
Total number of active participants reported on line 7a of the Form 55002015-01-01376
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0192
Total of all active and inactive participants2015-01-01468
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01468
Number of participants with account balances2015-01-01277
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0120
2014: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01444
Total number of active participants reported on line 7a of the Form 55002014-01-01345
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-01109
Total of all active and inactive participants2014-01-01454
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01454
Number of participants with account balances2014-01-01310
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0122
2013: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01438
Total number of active participants reported on line 7a of the Form 55002013-01-01328
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0193
Total of all active and inactive participants2013-01-01421
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01421
Number of participants with account balances2013-01-01317
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-0116
2012: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01371
Total number of active participants reported on line 7a of the Form 55002012-01-01328
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0183
Total of all active and inactive participants2012-01-01411
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01411
Number of participants with account balances2012-01-01293
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0111
2011: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01356
Total number of active participants reported on line 7a of the Form 55002011-01-01280
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0176
Total of all active and inactive participants2011-01-01356
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01356
Number of participants with account balances2011-01-01266
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0114
2009: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01335
Total number of active participants reported on line 7a of the Form 55002009-01-01242
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0169
Total of all active and inactive participants2009-01-01311
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01311
Number of participants with account balances2009-01-01235
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0113

Financial Data on PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN

Measure Date Value
2020 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$126,278
Total of all expenses incurred2020-12-31$11,823,964
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$11,745,368
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$177,622
Value of total assets at end of year2020-12-31$1,556
Value of total assets at beginning of year2020-12-31$11,699,242
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$78,596
Total interest from all sources2020-12-31$12,248
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$130,832
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$278,691
Administrative expenses (other) incurred2020-12-31$78,596
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-11,697,686
Value of net assets at end of year (total assets less liabilities)2020-12-31$1,556
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$11,699,242
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 pooled separate accounts at end of year2020-12-31$1,541
Value of interest in pooled separate accounts at beginning of year2020-12-31$9,650,249
Interest on participant loans2020-12-31$3,901
Interest earned on other investments2020-12-31$8,347
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$15
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,770,302
Net investment gain/loss from pooled separate accounts2020-12-31$-63,592
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$46,790
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$11,745,368
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
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 name2020-12-31COHNREZNICK, LLP
Accountancy firm EIN2020-12-31221478099
2019 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$3,202,731
Total income from all sources (including contributions)2019-12-31$3,202,731
Total of all expenses incurred2019-12-31$3,820,542
Total of all expenses incurred2019-12-31$3,820,542
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,575,626
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$3,575,626
Expenses. Certain deemed distributions of participant loans2019-12-31$212,651
Expenses. Certain deemed distributions of participant loans2019-12-31$212,651
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$884,041
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$884,041
Value of total assets at end of year2019-12-31$11,699,242
Value of total assets at end of year2019-12-31$11,699,242
Value of total assets at beginning of year2019-12-31$12,317,053
Value of total assets at beginning of year2019-12-31$12,317,053
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$32,265
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$32,265
Total interest from all sources2019-12-31$29,873
Total interest from all sources2019-12-31$29,873
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
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
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$602,315
Contributions received from participants2019-12-31$602,315
Participant contributions at end of year2019-12-31$278,691
Participant contributions at end of year2019-12-31$278,691
Participant contributions at beginning of year2019-12-31$449,861
Participant contributions at beginning of year2019-12-31$449,861
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$59,711
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-617,811
Value of net income/loss2019-12-31$-617,811
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,699,242
Value of net assets at end of year (total assets less liabilities)2019-12-31$11,699,242
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$12,317,053
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$12,317,053
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
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 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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$9,650,249
Value of interest in pooled separate accounts at end of year2019-12-31$9,650,249
Value of interest in pooled separate accounts at beginning of year2019-12-31$11,425,152
Value of interest in pooled separate accounts at beginning of year2019-12-31$11,425,152
Interest on participant loans2019-12-31$14,414
Interest on participant loans2019-12-31$14,414
Interest earned on other investments2019-12-31$15,459
Interest earned on other investments2019-12-31$15,459
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,770,302
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,770,302
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$442,040
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$442,040
Net investment gain/loss from pooled separate accounts2019-12-31$2,288,817
Net investment gain/loss from pooled separate accounts2019-12-31$2,288,817
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
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 contributions2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$222,015
Contributions received in cash from employer2019-12-31$222,015
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,575,626
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$3,575,626
Contract administrator fees2019-12-31$32,265
Contract administrator fees2019-12-31$32,265
Did the plan have assets held for investment2019-12-31Yes
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
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
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31COHNREZNICK, LLP
Accountancy firm name2019-12-31COHNREZNICK, LLP
Accountancy firm EIN2019-12-31221478099
Accountancy firm EIN2019-12-31221478099
2018 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$1,015,777
Total of all expenses incurred2018-12-31$2,461,851
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$2,286,946
Expenses. Certain deemed distributions of participant loans2018-12-31$80,484
Value of total corrective distributions2018-12-31$80,782
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,532,604
Value of total assets at end of year2018-12-31$12,317,053
Value of total assets at beginning of year2018-12-31$13,763,127
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$13,639
Total interest from all sources2018-12-31$43,439
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$1,500
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$1,073,649
Participant contributions at end of year2018-12-31$449,861
Participant contributions at beginning of year2018-12-31$416,058
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$150,042
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-1,446,074
Value of net assets at end of year (total assets less liabilities)2018-12-31$12,317,053
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$13,763,127
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 pooled separate accounts at end of year2018-12-31$11,425,152
Value of interest in pooled separate accounts at beginning of year2018-12-31$11,728,167
Interest on participant loans2018-12-31$20,952
Interest earned on other investments2018-12-31$22,487
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$442,040
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$1,618,902
Net investment gain/loss from pooled separate accounts2018-12-31$-560,266
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 contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$308,913
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$2,286,946
Contract administrator fees2018-12-31$12,139
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 name2018-12-31COHNREZNICK LLP
Accountancy firm EIN2018-12-31221478099
2017 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$4,284,613
Total of all expenses incurred2017-12-31$1,921,221
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,683,776
Expenses. Certain deemed distributions of participant loans2017-12-31$137,631
Value of total corrective distributions2017-12-31$87,847
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$2,151,958
Value of total assets at end of year2017-12-31$13,763,127
Value of total assets at beginning of year2017-12-31$11,399,735
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$11,967
Total interest from all sources2017-12-31$37,225
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$1,151,274
Participant contributions at end of year2017-12-31$416,058
Participant contributions at beginning of year2017-12-31$463,775
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$672,077
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$2,363,392
Value of net assets at end of year (total assets less liabilities)2017-12-31$13,763,127
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$11,399,735
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 pooled separate accounts at end of year2017-12-31$11,728,167
Value of interest in pooled separate accounts at beginning of year2017-12-31$9,748,871
Interest on participant loans2017-12-31$19,986
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$17,239
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$1,618,902
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,187,089
Net investment gain/loss from pooled separate accounts2017-12-31$2,095,430
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 contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$328,607
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,683,776
Contract administrator fees2017-12-31$11,967
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 name2017-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2017-12-31741769118
2016 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$2,370,111
Total of all expenses incurred2016-12-31$710,984
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$660,376
Expenses. Certain deemed distributions of participant loans2016-12-31$40,158
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$1,696,882
Value of total assets at end of year2016-12-31$11,399,735
Value of total assets at beginning of year2016-12-31$9,740,608
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$10,450
Total interest from all sources2016-12-31$29,431
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$1,114,932
Participant contributions at end of year2016-12-31$463,775
Participant contributions at beginning of year2016-12-31$377,229
Participant contributions at beginning of year2016-12-31$28,568
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$254,996
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$1,659,127
Value of net assets at end of year (total assets less liabilities)2016-12-31$11,399,735
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$9,740,608
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 pooled separate accounts at end of year2016-12-31$9,748,871
Value of interest in pooled separate accounts at beginning of year2016-12-31$8,240,751
Interest on participant loans2016-12-31$16,783
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$12,648
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$1,187,089
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$1,085,734
Net investment gain/loss from pooled separate accounts2016-12-31$643,798
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$326,954
Employer contributions (assets) at beginning of year2016-12-31$8,326
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$660,376
Contract administrator fees2016-12-31$10,450
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 name2016-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2016-12-31741769118
2015 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$1,682,112
Total of all expenses incurred2015-12-31$1,590,593
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,499,044
Expenses. Certain deemed distributions of participant loans2015-12-31$69,992
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$1,673,939
Value of total assets at end of year2015-12-31$9,740,608
Value of total assets at beginning of year2015-12-31$9,649,089
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$21,557
Total interest from all sources2015-12-31$15,731
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$500,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,195,917
Participant contributions at end of year2015-12-31$377,229
Participant contributions at beginning of year2015-12-31$351,026
Participant contributions at end of year2015-12-31$28,568
Participant contributions at beginning of year2015-12-31$36,496
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$212,016
Administrative expenses (other) incurred2015-12-31$21,557
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$91,519
Value of net assets at end of year (total assets less liabilities)2015-12-31$9,740,608
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$9,649,089
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 beginning of year2015-12-31$8,390,762
Value of interest in pooled separate accounts at end of year2015-12-31$8,240,751
Interest on participant loans2015-12-31$13,518
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$860,191
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$860,191
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$2,213
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$1,085,734
Net investment gain/loss from pooled separate accounts2015-12-31$-7,558
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$266,006
Employer contributions (assets) at end of year2015-12-31$8,326
Employer contributions (assets) at beginning of year2015-12-31$10,614
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,499,044
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
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 name2015-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2015-12-31741769118
2014 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
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$2,215,241
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,599,783
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,478,317
Value of total corrective distributions2014-12-31$101,166
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,605,461
Value of total assets at end of year2014-12-31$9,649,089
Value of total assets at beginning of year2014-12-31$10,033,631
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$20,300
Total interest from all sources2014-12-31$16,070
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$84,147
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$84,147
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$500,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$1,276,676
Participant contributions at end of year2014-12-31$351,026
Participant contributions at beginning of year2014-12-31$315,594
Participant contributions at end of year2014-12-31$36,496
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$42,199
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-384,542
Value of net assets at end of year (total assets less liabilities)2014-12-31$9,649,089
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$10,033,631
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$8,390,762
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$8,873,814
Interest on participant loans2014-12-31$15,770
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$860,191
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$844,223
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$844,223
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$300
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$509,563
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 contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$286,586
Employer contributions (assets) at end of year2014-12-31$10,614
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,478,317
Contract administrator fees2014-12-31$20,300
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 name2014-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2014-12-31741769118
2013 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
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$0
Total income from all sources (including contributions)2013-12-31$3,585,657
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$956,583
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$916,272
Value of total corrective distributions2013-12-31$8,556
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,841,107
Value of total assets at end of year2013-12-31$10,033,631
Value of total assets at beginning of year2013-12-31$7,404,557
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$31,755
Total interest from all sources2013-12-31$17,461
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$86,416
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$86,416
Administrative expenses professional fees incurred2013-12-31$11,230
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$500,000
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$1,237,286
Participant contributions at end of year2013-12-31$315,594
Participant contributions at beginning of year2013-12-31$258,841
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$291,720
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$2,629,074
Value of net assets at end of year (total assets less liabilities)2013-12-31$10,033,631
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$7,404,557
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$8,873,814
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$6,227,787
Interest on participant loans2013-12-31$17,011
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$844,223
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$917,929
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$917,929
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$450
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$1,640,673
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$312,101
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$916,272
Contract administrator fees2013-12-31$20,525
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 name2013-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2013-12-31741769118
2012 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
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$2,236,809
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,165,453
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,135,742
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,368,922
Value of total assets at end of year2012-12-31$7,404,557
Value of total assets at beginning of year2012-12-31$6,333,201
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$29,711
Total interest from all sources2012-12-31$22,237
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$75,639
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$75,639
Administrative expenses professional fees incurred2012-12-31$11,259
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$500,000
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$1,048,458
Participant contributions at end of year2012-12-31$258,841
Participant contributions at beginning of year2012-12-31$360,686
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$32,711
Administrative expenses (other) incurred2012-12-31$6
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$1,071,356
Value of net assets at end of year (total assets less liabilities)2012-12-31$7,404,557
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$6,333,201
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$6,227,787
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$5,231,874
Interest on participant loans2012-12-31$22,210
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$917,929
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$740,641
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$740,641
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$27
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$770,011
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$287,753
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,135,742
Contract administrator fees2012-12-31$18,446
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 name2012-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2012-12-31741769118
2011 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
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$1,408,166
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,479,103
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,447,274
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,604,039
Value of total assets at end of year2011-12-31$6,333,201
Value of total assets at beginning of year2011-12-31$6,404,138
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$31,829
Total interest from all sources2011-12-31$29,991
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$76,290
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$76,290
Administrative expenses professional fees incurred2011-12-31$11,335
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
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$1,154,176
Participant contributions at end of year2011-12-31$360,686
Participant contributions at beginning of year2011-12-31$284,327
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$165,309
Administrative expenses (other) incurred2011-12-31$8
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-70,937
Value of net assets at end of year (total assets less liabilities)2011-12-31$6,333,201
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$6,404,138
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$5,231,874
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$5,461,685
Interest on participant loans2011-12-31$29,991
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$740,641
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$658,126
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$658,126
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-302,154
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$284,554
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,447,274
Contract administrator fees2011-12-31$20,486
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 name2011-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2011-12-31741769118
2010 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$2,248,043
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$845,323
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$811,845
Expenses. Certain deemed distributions of participant loans2010-12-31$4,472
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$1,636,417
Value of total assets at end of year2010-12-31$6,404,138
Value of total assets at beginning of year2010-12-31$5,001,418
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$29,006
Total interest from all sources2010-12-31$21,118
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$70,528
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$70,528
Administrative expenses professional fees incurred2010-12-31$11,000
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$1,147,101
Participant contributions at end of year2010-12-31$284,327
Participant contributions at beginning of year2010-12-31$253,171
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$254,986
Administrative expenses (other) incurred2010-12-31$3
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,402,720
Value of net assets at end of year (total assets less liabilities)2010-12-31$6,404,138
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$5,001,418
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$5,461,685
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$4,259,945
Interest on participant loans2010-12-31$20,654
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$658,126
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$488,302
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$488,302
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$464
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$519,980
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$234,330
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$811,845
Contract administrator fees2010-12-31$18,003
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31BRIGGS & VESELKA CO, PC
Accountancy firm EIN2010-12-31741769118
2009 : PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN

2020: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedYes
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PETROCHEM INSPECTION SERVICES, INC. 401(K) 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 - TrustYes
2016: PETROCHEM INSPECTION SERVICES, INC. 401(K) 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 - TrustYes
2015: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PETROCHEM INSPECTION SERVICES, INC. 401(K) 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
2013: PETROCHEM INSPECTION SERVICES, 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: PETROCHEM INSPECTION SERVICES, 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: PETROCHEM INSPECTION SERVICES, 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
2009: PETROCHEM INSPECTION SERVICES, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number814133
Policy instance 1
Insurance contract or identification number814133
Number of Individuals Covered2
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $13,050
Total amount of fees paid to insurance companyUSD $4,188
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $13,050
Insurance broker organization code?3
Amount paid for insurance broker fees4188
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number814133
Policy instance 1
Insurance contract or identification number814133
Number of Individuals Covered167
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $23,345
Total amount of fees paid to insurance companyUSD $5,939
Are there contracts with unallocated funds for contracts of type 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 $23,345
Insurance broker organization code?3
Amount paid for insurance broker fees5939
Additional information about fees paid to insurance brokerTPA PARTNERSHIP PROGRAM
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number814133
Policy instance 1
Insurance contract or identification number814133
Number of Individuals Covered320
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $26,573
Total amount of fees paid to insurance companyUSD $6,708
Are there contracts with unallocated funds for contracts of type 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 $26,573
Insurance broker organization code?3
Amount paid for insurance broker fees6708
Additional information about fees paid to insurance brokerTPA PARTNERSHIP PROGRAM
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number814133
Policy instance 1
Insurance contract or identification number814133
Number of Individuals Covered271
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $24,869
Total amount of fees paid to insurance companyUSD $6,207
Are there contracts with unallocated funds for contracts of type 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 $24,869
Insurance broker organization code?3
Amount paid for insurance broker fees6207
Additional information about fees paid to insurance brokerTPA PARTNERSHIP PROGRAM
Insurance broker nameAMERICAN FIDUCIARY CORPORATION
VOYA RETIRIEMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 86509 )
Policy contract number
Policy instance 1
Number of Individuals Covered278
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $3,173
Are there contracts with unallocated funds for contracts of type 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 $3,173
Insurance broker organization code?3
Insurance broker nameMORGAN STANLEY SMITH BARNEY LLC

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