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PENN TANK LINES, INC 401K SAVINGS PLAN 401k Plan overview

Plan NamePENN TANK LINES, INC 401K SAVINGS PLAN
Plan identification number 001

PENN TANK LINES, INC 401K SAVINGS 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PENN TANK LINES, INC. has sponsored the creation of one or more 401k plans.

Company Name:PENN TANK LINES, INC.
Employer identification number (EIN):232845134
NAIC Classification:484120
NAIC Description: General Freight Trucking, Long-Distance

Additional information about PENN TANK LINES, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2618848

More information about PENN TANK LINES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENN TANK LINES, INC 401K SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01STEPHEN B MCSHERRY
0012017-01-01STEPHEN B MCSHERRY
0012016-01-01STEPHEN B MCSHERRY
0012015-01-01STEPHEN B MCSHERRY
0012014-01-01STEPHEN B MCSHERRY
0012013-01-01STEPHEN B MCSHERRY
0012012-01-01STEPHEN B MCSHERRY
0012011-01-01STEPHEN MCSHERRY
0012009-01-01STEPHEN MCSHERRY

Plan Statistics for PENN TANK LINES, INC 401K SAVINGS PLAN

401k plan membership statisitcs for PENN TANK LINES, INC 401K SAVINGS PLAN

Measure Date Value
2022: PENN TANK LINES, INC 401K SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01220
Total number of active participants reported on line 7a of the Form 55002022-01-01235
Number of other retired or separated participants entitled to future benefits2022-01-0120
Total of all active and inactive participants2022-01-01255
Total participants2022-01-01255
Number of participants with account balances2022-01-0192
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-011
2021: PENN TANK LINES, INC 401K SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01215
Total number of active participants reported on line 7a of the Form 55002021-01-01204
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0116
Total of all active and inactive participants2021-01-01220
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01220
Number of participants with account balances2021-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-013
2020: PENN TANK LINES, INC 401K SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01228
Total number of active participants reported on line 7a of the Form 55002020-01-01166
Number of retired or separated participants receiving benefits2020-01-015
Number of other retired or separated participants entitled to future benefits2020-01-0134
Total of all active and inactive participants2020-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01205
Number of participants with account balances2020-01-0197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-014
2019: PENN TANK LINES, INC 401K SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01222
Total number of active participants reported on line 7a of the Form 55002019-01-01203
Number of other retired or separated participants entitled to future benefits2019-01-0126
Total of all active and inactive participants2019-01-01229
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01229
Number of participants with account balances2019-01-0193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-014
2018: PENN TANK LINES, INC 401K SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01223
Total number of active participants reported on line 7a of the Form 55002018-01-01194
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-0122
Total of all active and inactive participants2018-01-01216
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01216
Number of participants with account balances2018-01-0194
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PENN TANK LINES, INC 401K SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01228
Total number of active participants reported on line 7a of the Form 55002017-01-01194
Number of other retired or separated participants entitled to future benefits2017-01-0122
Total of all active and inactive participants2017-01-01216
Total participants2017-01-01216
Number of participants with account balances2017-01-0188
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-013
2016: PENN TANK LINES, INC 401K SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01205
Total number of active participants reported on line 7a of the Form 55002016-01-01197
Number of other retired or separated participants entitled to future benefits2016-01-0122
Total of all active and inactive participants2016-01-01219
Total participants2016-01-01219
Number of participants with account balances2016-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0111
2015: PENN TANK LINES, INC 401K SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01210
Total number of active participants reported on line 7a of the Form 55002015-01-01184
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0111
Total of all active and inactive participants2015-01-01195
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01195
Number of participants with account balances2015-01-0178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-016
2014: PENN TANK LINES, INC 401K SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01205
Total number of active participants reported on line 7a of the Form 55002014-01-01173
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0118
Total of all active and inactive participants2014-01-01191
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01191
Number of participants with account balances2014-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-016
2013: PENN TANK LINES, INC 401K SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01205
Total number of active participants reported on line 7a of the Form 55002013-01-01175
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-01190
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01190
Number of participants with account balances2013-01-0175
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-015
2012: PENN TANK LINES, INC 401K SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01250
Total number of active participants reported on line 7a of the Form 55002012-01-01179
Number of retired or separated participants receiving benefits2012-01-011
Number of other retired or separated participants entitled to future benefits2012-01-0118
Total of all active and inactive participants2012-01-01198
Total participants2012-01-01198
Number of participants with account balances2012-01-0179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-015
2011: PENN TANK LINES, INC 401K SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01200
Total number of active participants reported on line 7a of the Form 55002011-01-01210
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0113
Total of all active and inactive participants2011-01-01223
Total participants2011-01-01223
Number of participants with account balances2011-01-0189
2009: PENN TANK LINES, INC 401K SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01211
Total number of active participants reported on line 7a of the Form 55002009-01-01192
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0120
Total of all active and inactive participants2009-01-01212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01212
Number of participants with account balances2009-01-0186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-017

Financial Data on PENN TANK LINES, INC 401K SAVINGS PLAN

Measure Date Value
2022 : PENN TANK LINES, INC 401K SAVINGS PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-85,076
Total of all expenses incurred2022-12-31$291,427
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$286,582
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$565,527
Value of total assets at end of year2022-12-31$4,358,170
Value of total assets at beginning of year2022-12-31$4,734,673
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$4,845
Total interest from all sources2022-12-31$16,371
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$74,713
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$74,713
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$473,467
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$357,303
Participant contributions at end of year2022-12-31$137,694
Participant contributions at beginning of year2022-12-31$156,768
Participant contributions at end of year2022-12-31$1,587
Participant contributions at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$158,111
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-376,503
Value of net assets at end of year (total assets less liabilities)2022-12-31$4,358,170
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$4,734,673
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$3,601,086
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$4,014,996
Interest on participant loans2022-12-31$7,863
Interest earned on other investments2022-12-31$8,444
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$64
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$608,869
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$562,909
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-741,687
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$50,113
Employer contributions (assets) at end of year2022-12-31$8,934
Employer contributions (assets) at beginning of year2022-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$286,582
Contract administrator fees2022-12-31$4,845
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PRESTON AND COMPANY
Accountancy firm EIN2022-12-31232022858
2021 : PENN TANK LINES, INC 401K SAVINGS PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$929,959
Total of all expenses incurred2021-12-31$355,705
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$353,031
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$368,679
Value of total assets at end of year2021-12-31$4,734,673
Value of total assets at beginning of year2021-12-31$4,160,419
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,674
Total interest from all sources2021-12-31$12,729
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$1,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$275,466
Participant contributions at end of year2021-12-31$156,768
Participant contributions at beginning of year2021-12-31$144,771
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$73,601
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$574,254
Value of net assets at end of year (total assets less liabilities)2021-12-31$4,734,673
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,160,419
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$4,014,996
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$3,528,638
Interest on participant loans2021-12-31$8,595
Interest earned on other investments2021-12-31$4,134
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$562,909
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$487,010
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$548,551
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$19,612
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$353,031
Contract administrator fees2021-12-31$2,674
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PRESTON AND COMPANY
Accountancy firm EIN2021-12-31232022858
2020 : PENN TANK LINES, INC 401K SAVINGS PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$752,078
Total of all expenses incurred2020-12-31$109,027
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$105,318
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$270,649
Value of total assets at end of year2020-12-31$4,160,419
Value of total assets at beginning of year2020-12-31$3,517,368
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$3,709
Total interest from all sources2020-12-31$9,673
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$1,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$252,877
Participant contributions at end of year2020-12-31$144,771
Participant contributions at beginning of year2020-12-31$153,761
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$643,051
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,160,419
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,517,368
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 registered invesment companies (eg mutual funds) at end of year2020-12-31$4,015,648
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,363,607
Interest on participant loans2020-12-31$9,673
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$471,756
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$17,772
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$105,318
Contract administrator fees2020-12-31$3,709
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 name2020-12-31PRESTON AND CO
Accountancy firm EIN2020-12-31232022858
2019 : PENN TANK LINES, INC 401K SAVINGS PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$1,052,509
Total of all expenses incurred2019-12-31$400,341
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$400,341
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$487,275
Value of total assets at end of year2019-12-31$3,517,368
Value of total assets at beginning of year2019-12-31$2,865,200
Total interest from all sources2019-12-31$7,958
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$1,000,000
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
Contributions received from participants2019-12-31$259,989
Participant contributions at end of year2019-12-31$153,761
Participant contributions at beginning of year2019-12-31$156,089
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$206,218
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$652,168
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,517,368
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,865,200
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 leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$3,363,607
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$2,709,111
Interest on participant loans2019-12-31$7,958
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$557,276
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 contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$21,068
Employer contributions (assets) at end of year2019-12-31$0
Employer contributions (assets) at beginning of year2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$400,341
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
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
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
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31PRESTON AND CO
Accountancy firm EIN2019-12-31232022858
2018 : PENN TANK LINES, INC 401K SAVINGS PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$52,840
Total of all expenses incurred2018-12-31$376,680
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$376,680
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$252,872
Value of total assets at end of year2018-12-31$2,865,200
Value of total assets at beginning of year2018-12-31$3,189,040
Total interest from all sources2018-12-31$5,132
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$320,000
If this is an individual account plan, was there a blackout period2018-12-31No
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$233,914
Participant contributions at end of year2018-12-31$156,089
Participant contributions at beginning of year2018-12-31$94,006
Participant contributions at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-323,840
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,865,200
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$3,189,040
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 registered invesment companies (eg mutual funds) at end of year2018-12-31$2,709,111
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$3,095,034
Interest on participant loans2018-12-31$5,132
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-205,164
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 contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$18,958
Employer contributions (assets) at end of year2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$376,680
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
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 name2018-12-31PRESTON AND CO
Accountancy firm EIN2018-12-31232022858
2017 : PENN TANK LINES, INC 401K SAVINGS PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$679,723
Total of all expenses incurred2017-12-31$154,907
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$154,907
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$300,298
Value of total assets at end of year2017-12-31$3,189,040
Value of total assets at beginning of year2017-12-31$2,664,224
Total interest from all sources2017-12-31$5,104
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$280,000
If this is an individual account plan, was there a blackout period2017-12-31No
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$243,949
Participant contributions at end of year2017-12-31$94,006
Participant contributions at beginning of year2017-12-31$120,706
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$37,235
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$524,816
Value of net assets at end of year (total assets less liabilities)2017-12-31$3,189,040
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$2,664,224
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 registered invesment companies (eg mutual funds) at end of year2017-12-31$3,095,034
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$2,543,518
Interest on participant loans2017-12-31$5,041
Interest earned on other investments2017-12-31$63
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$374,321
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 contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$19,114
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$154,907
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
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 name2017-12-31PRESTON AND CO
Accountancy firm EIN2017-12-31232022858
2016 : PENN TANK LINES, INC 401K SAVINGS PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$545,885
Total of all expenses incurred2016-12-31$551,348
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$551,348
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$350,924
Value of total assets at end of year2016-12-31$2,664,224
Value of total assets at beginning of year2016-12-31$2,669,687
Total interest from all sources2016-12-31$5,475
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$280,000
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$247,601
Participant contributions at end of year2016-12-31$120,706
Participant contributions at beginning of year2016-12-31$143,038
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$84,735
Other income not declared elsewhere2016-12-31$1,792
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-5,463
Value of net assets at end of year (total assets less liabilities)2016-12-31$2,664,224
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$2,669,687
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 registered invesment companies (eg mutual funds) at end of year2016-12-31$2,543,518
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$2,526,649
Interest on participant loans2016-12-31$5,475
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$187,694
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$18,588
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$551,348
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
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 name2016-12-31PRESTON AND COMPANY
Accountancy firm EIN2016-12-31232022858
2015 : PENN TANK LINES, INC 401K SAVINGS PLAN 2015 401k financial data
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$1,402
Total income from all sources (including contributions)2015-12-31$199,753
Total of all expenses incurred2015-12-31$125,437
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$124,054
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$238,146
Value of total assets at end of year2015-12-31$2,669,687
Value of total assets at beginning of year2015-12-31$2,596,773
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$1,383
Total interest from all sources2015-12-31$6,170
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$280,000
If this is an individual account plan, was there a blackout period2015-12-31No
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$222,278
Participant contributions at end of year2015-12-31$143,038
Participant contributions at beginning of year2015-12-31$110,784
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$74,316
Value of net assets at end of year (total assets less liabilities)2015-12-31$2,669,687
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$2,595,371
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 end of year2015-12-31$2,526,649
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$2,485,989
Interest on participant loans2015-12-31$6,170
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-44,563
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$15,868
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$124,054
Contract administrator fees2015-12-31$1,383
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$1,402
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 name2015-12-31PRESTON AND COMPANY
Accountancy firm EIN2015-12-31232022858
2014 : PENN TANK LINES, INC 401K SAVINGS PLAN 2014 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$1,402
Total income from all sources (including contributions)2014-12-31$351,706
Total of all expenses incurred2014-12-31$334,434
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$333,032
Value of total corrective distributions2014-12-31$1,402
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$254,198
Value of total assets at end of year2014-12-31$2,596,773
Value of total assets at beginning of year2014-12-31$2,578,099
Total interest from all sources2014-12-31$3,467
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$265,000
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$239,397
Participant contributions at end of year2014-12-31$110,784
Participant contributions at beginning of year2014-12-31$58,369
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$17,272
Value of net assets at end of year (total assets less liabilities)2014-12-31$2,595,371
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$2,578,099
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$2,485,989
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$2,519,730
Interest on participant loans2014-12-31$3,467
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$94,041
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 contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$14,801
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$333,032
Liabilities. Value of benefit claims payable at end of year2014-12-31$1,402
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 name2014-12-31PRESTON AND COMPANY
Accountancy firm EIN2014-12-31232022858
2013 : PENN TANK LINES, INC 401K SAVINGS PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$645,151
Total of all expenses incurred2013-12-31$278,236
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$278,236
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$258,197
Value of total assets at end of year2013-12-31$2,578,099
Value of total assets at beginning of year2013-12-31$2,211,184
Total interest from all sources2013-12-31$2,028
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$265,000
If this is an individual account plan, was there a blackout period2013-12-31Yes
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$243,292
Participant contributions at end of year2013-12-31$58,369
Participant contributions at beginning of year2013-12-31$53,820
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$366,915
Value of net assets at end of year (total assets less liabilities)2013-12-31$2,578,099
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,211,184
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$2,519,730
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$2,157,364
Interest on participant loans2013-12-31$2,028
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$384,926
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$14,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$278,236
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31Yes
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 name2013-12-31PRESTON AND COMPANY
Accountancy firm EIN2013-12-31232022858
2012 : PENN TANK LINES, INC 401K SAVINGS PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$512,096
Total of all expenses incurred2012-12-31$383,896
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$383,896
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$291,743
Value of total assets at end of year2012-12-31$2,211,184
Value of total assets at beginning of year2012-12-31$2,082,984
Total interest from all sources2012-12-31$2,763
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$265,000
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
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$276,583
Participant contributions at end of year2012-12-31$53,820
Participant contributions at beginning of year2012-12-31$76,612
Participant contributions at beginning of year2012-12-31$1,682
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$128,200
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,211,184
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,082,984
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$2,157,364
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$2,004,578
Interest on participant loans2012-12-31$2,763
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$217,590
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$15,160
Employer contributions (assets) at beginning of year2012-12-31$112
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$383,896
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 name2012-12-31PRESTON AND COMPANY
Accountancy firm EIN2012-12-31232022858
2011 : PENN TANK LINES, INC 401K SAVINGS PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$235,421
Total of all expenses incurred2011-12-31$91,766
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$91,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$285,986
Value of total assets at end of year2011-12-31$2,082,984
Value of total assets at beginning of year2011-12-31$1,939,329
Total interest from all sources2011-12-31$2,804
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$265,000
If this is an individual account plan, was there a blackout period2011-12-31No
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$269,035
Participant contributions at end of year2011-12-31$76,612
Participant contributions at beginning of year2011-12-31$62,913
Participant contributions at end of year2011-12-31$1,682
Participant contributions at beginning of year2011-12-31$1,675
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$545
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$322
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$143,655
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,082,984
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,939,329
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$2,004,578
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,874,282
Interest on participant loans2011-12-31$2,804
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-53,369
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$16,406
Employer contributions (assets) at end of year2011-12-31$112
Employer contributions (assets) at beginning of year2011-12-31$137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$91,766
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 name2011-12-31PRESTON & COMPANY
Accountancy firm EIN2011-12-31232022858
2010 : PENN TANK LINES, INC 401K SAVINGS PLAN 2010 401k financial data
Total income from all sources (including contributions)2010-12-31$460,157
Total of all expenses incurred2010-12-31$303,838
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$300,650
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$290,038
Value of total assets at end of year2010-12-31$1,939,329
Value of total assets at beginning of year2010-12-31$1,783,010
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$3,188
Total interest from all sources2010-12-31$3,047
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$3,188
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$265,000
If this is an individual account plan, was there a blackout period2010-12-31No
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$243,716
Participant contributions at end of year2010-12-31$62,913
Participant contributions at beginning of year2010-12-31$63,204
Participant contributions at end of year2010-12-31$1,675
Participant contributions at beginning of year2010-12-31$1,606
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$29,927
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$322
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$246
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$156,319
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,939,329
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,783,010
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$1,874,282
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,717,825
Interest on participant loans2010-12-31$3,047
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$167,072
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$16,395
Employer contributions (assets) at end of year2010-12-31$137
Employer contributions (assets) at beginning of year2010-12-31$129
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$300,650
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 name2010-12-31PRESTON & COMPANY
Accountancy firm EIN2010-12-31232022858
2009 : PENN TANK LINES, INC 401K SAVINGS PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for PENN TANK LINES, INC 401K SAVINGS PLAN

2022: PENN TANK LINES, INC 401K SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PENN TANK LINES, INC 401K SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PENN TANK LINES, INC 401K SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PENN TANK LINES, INC 401K SAVINGS 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: PENN TANK LINES, INC 401K SAVINGS 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: PENN TANK LINES, INC 401K SAVINGS 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: PENN TANK LINES, INC 401K SAVINGS 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: PENN TANK LINES, INC 401K SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PENN TANK LINES, INC 401K SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PENN TANK LINES, INC 401K SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PENN TANK LINES, INC 401K SAVINGS PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: PENN TANK LINES, INC 401K SAVINGS PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2009: PENN TANK LINES, INC 401K SAVINGS PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $2,361
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $2,361
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $1,266
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 $1,266
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Number of Individuals Covered99
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $1,582
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 $1,582
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Number of Individuals Covered103
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $837
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 $837
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Number of Individuals Covered96
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $791
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 $791
Insurance broker organization code?3
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Number of Individuals Covered74
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $719
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 $719
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS COR
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 1
Insurance contract or identification number350-80159
Number of Individuals Covered210
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $1,383
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 $1,383
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS COR
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 2
Insurance contract or identification number350-80159
Number of Individuals Covered76
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $1,212
Total amount of fees paid to insurance companyUSD $0
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 $1,212
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS COR
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80973
Policy instance 1
Insurance contract or identification number350-80973
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $47
Total amount of fees paid to insurance companyUSD $14
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 $47
Amount paid for insurance broker fees14
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80159
Policy instance 2
Insurance contract or identification number350-80159
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $145
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $145
Insurance broker nameLINCOLN FINANCIAL ADVISORS COR
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80973
Policy instance 1
Insurance contract or identification number350-80973
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $888
Total amount of fees paid to insurance companyUSD $103
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $888
Amount paid for insurance broker fees103
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80973
Policy instance 1
Insurance contract or identification number350-80973
Number of Individuals Covered89
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $940
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 $940
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80973
Policy instance 1
Insurance contract or identification number350-80973
Number of Individuals Covered89
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $836
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )
Policy contract number350-80973
Policy instance 1
Insurance contract or identification number350-80973
Number of Individuals Covered87
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $829
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $829
Insurance broker organization code?3
Insurance broker nameLINCOLN FINANCIAL ADVISORS

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