401k Plan data: TENWAL RETIREMENT PLAN plan

TENWAL RETIREMENT PLAN 401k Plan overview

Plan Name	TENWAL RETIREMENT PLAN
Plan identification number	005

TENWAL RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan covering Self-Employed individuals.
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

KEYSTONE SHIPPING CO has sponsored the creation of one or more 401k plans.

Company Name: KEYSTONE SHIPPING CO

Employer identification number (EIN): 230760153

NAIC Classification: 483000
NAIC Description: Water Transportation

Additional information about KEYSTONE SHIPPING CO

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 545325

More information about KEYSTONE SHIPPING CO

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TENWAL RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
005 2022-01-01 JOSEPH A. WASSEL 2023-10-16
005 2021-01-01 JOSEPH A. WASSEL 2022-10-12
005 2020-01-01 TIMOTHY CALLAHAN 2021-07-02
005 2019-01-01 TIMOTHY CALLAHAN 2020-10-06
005 2018-01-01 JOSEPH A. WASSEL 2019-10-09
005 2017-01-01
005 2016-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
005	2022-01-01	JOSEPH A. WASSEL	2023-10-16
005	2021-01-01	JOSEPH A. WASSEL	2022-10-12
005	2020-01-01	TIMOTHY CALLAHAN	2021-07-02
005	2019-01-01	TIMOTHY CALLAHAN	2020-10-06
005	2018-01-01	JOSEPH A. WASSEL	2019-10-09
005	2017-01-01
005	2016-01-01

Plan Statistics for TENWAL RETIREMENT PLAN

401k plan membership statisitcs for TENWAL RETIREMENT PLAN

Measure Date Value
2018: TENWAL RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 66
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 48
Number of retired or separated participants receiving benefits 2018-01-01 2
Number of other retired or separated participants entitled to future benefits 2018-01-01 24
Total of all active and inactive participants 2018-01-01 74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 74
Number of participants with account balances 2018-01-01 74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: TENWAL RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 79
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 60
Number of retired or separated participants receiving benefits 2017-01-01 2
Number of other retired or separated participants entitled to future benefits 2017-01-01 18
Total of all active and inactive participants 2017-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 80
Number of participants with account balances 2017-01-01 80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 2
2016: TENWAL RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 60
Number of retired or separated participants receiving benefits 2016-01-01 1
Number of other retired or separated participants entitled to future benefits 2016-01-01 18
Total of all active and inactive participants 2016-01-01 79
Total participants 2016-01-01 79
Number of participants with account balances 2016-01-01 79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 1

Measure	Date	Value
2018: TENWAL RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	66
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	48
Number of retired or separated participants receiving benefits	2018-01-01	2
Number of other retired or separated participants entitled to future benefits	2018-01-01	24
Total of all active and inactive participants	2018-01-01	74
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	74
Number of participants with account balances	2018-01-01	74
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: TENWAL RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	79
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	60
Number of retired or separated participants receiving benefits	2017-01-01	2
Number of other retired or separated participants entitled to future benefits	2017-01-01	18
Total of all active and inactive participants	2017-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	80
Number of participants with account balances	2017-01-01	80
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	2
2016: TENWAL RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	60
Number of retired or separated participants receiving benefits	2016-01-01	1
Number of other retired or separated participants entitled to future benefits	2016-01-01	18
Total of all active and inactive participants	2016-01-01	79
Total participants	2016-01-01	79
Number of participants with account balances	2016-01-01	79
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	1

Financial Data on TENWAL RETIREMENT PLAN

Measure	Date	Value
2018 : TENWAL RETIREMENT PLAN 2018 401k financial data
Total income from all sources	2018-12-31	$869,493
Expenses. Total of all expenses incurred	2018-12-31	$6,059,028
Benefits paid (including direct rollovers)	2018-12-31	$6,059,028
Total plan assets at end of year	2018-12-31	$18,987,643
Total plan assets at beginning of year	2018-12-31	$24,177,178
Value of fidelity bond covering the plan	2018-12-31	$5,000,000
Total contributions received or receivable from participants	2018-12-31	$502,177
Other income received	2018-12-31	$109,210
Net income (gross income less expenses)	2018-12-31	$-5,189,535
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$18,987,643
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$24,177,178
Assets. Value of participant loans	2018-12-31	$86,068
Total contributions received or receivable from employer(s)	2018-12-31	$258,106
2017 : TENWAL RETIREMENT PLAN 2017 401k financial data
Total income from all sources	2017-12-31	$3,726,430
Expenses. Total of all expenses incurred	2017-12-31	$1,220,524
Benefits paid (including direct rollovers)	2017-12-31	$1,220,524
Total plan assets at end of year	2017-12-31	$24,177,178
Total plan assets at beginning of year	2017-12-31	$21,671,272
Value of fidelity bond covering the plan	2017-12-31	$5,000,000
Total contributions received or receivable from participants	2017-12-31	$556,765
Contributions received from other sources (not participants or employers)	2017-12-31	$4,561
Other income received	2017-12-31	$2,877,796
Net income (gross income less expenses)	2017-12-31	$2,505,906
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$24,177,178
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$21,671,272
Assets. Value of participant loans	2017-12-31	$150,161
Total contributions received or receivable from employer(s)	2017-12-31	$287,308
2016 : TENWAL RETIREMENT PLAN 2016 401k financial data
Total income from all sources	2016-12-31	$1,715,614
Expenses. Total of all expenses incurred	2016-12-31	$616,253
Benefits paid (including direct rollovers)	2016-12-31	$616,253
Total plan assets at end of year	2016-12-31	$21,671,272
Total plan assets at beginning of year	2016-12-31	$20,571,911
Value of fidelity bond covering the plan	2016-12-31	$5,000,000
Total contributions received or receivable from participants	2016-12-31	$517,195
Contributions received from other sources (not participants or employers)	2016-12-31	$8,391
Other income received	2016-12-31	$918,063
Net income (gross income less expenses)	2016-12-31	$1,099,361
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$21,671,272
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$20,571,911
Assets. Value of participant loans	2016-12-31	$148,723
Total contributions received or receivable from employer(s)	2016-12-31	$271,965

Form 5500 Responses for TENWAL RETIREMENT PLAN

2018: TENWAL RETIREMENT PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement – Insurance	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: TENWAL RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Plan funding arrangement – Insurance	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement – Insurance	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: TENWAL RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Insurance	Yes
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement – Insurance	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

10265-001

Policy instance

Insurance contract or identification number	10265-001
Insurance policy start date	2018-01-01
Insurance policy end date	2018-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (National Association of Insurance Commissioners NAIC id number: 93629 )

Policy contract number

10265-001

Policy instance

Insurance contract or identification number	10265-001
Number of Individuals Covered	80
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $0
Total amount of fees paid to insurance company	USD $0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

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Company Name:	KEYSTONE SHIPPING CO
Employer identification number (EIN):	230760153
NAIC Classification:	483000
NAIC Description:	Water Transportation

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	545325