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Plan Name | BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN |
Plan identification number | 005 |
401k Plan Type | Defined Benefit Pension |
Plan Features/Benefits |
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Company Name: | BUCKEYE PIPE LINE SERVICES COMPANY |
Employer identification number (EIN): | 232873501 |
NAIC Classification: | 486000 |
NAIC Description: | Pipeline Transportation |
Additional information about BUCKEYE PIPE LINE SERVICES COMPANY
Jurisdiction of Incorporation: | Texas Secretary of State |
Incorporation Date: | 2005-01-14 |
Company Identification Number: | 0800440543 |
Legal Registered Office Address: |
6161 HAMILTON BLVD ALLENTOWN United States of America (USA) 18106 |
More information about BUCKEYE PIPE LINE SERVICES COMPANY
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
005 | 2022-01-01 | ||||
005 | 2021-01-01 | ||||
005 | 2020-01-01 |
Measure | Date | Value |
---|---|---|
2022: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2022 401k membership | ||
Market value of plan assets | 2022-12-31 | 3,986,099 |
Acturial value of plan assets | 2022-12-31 | 3,986,099 |
Funding target for retired participants and beneficiaries receiving payment | 2022-12-31 | 109,487 |
Number of terminated vested participants | 2022-12-31 | 5 |
Fundng target for terminated vested participants | 2022-12-31 | 93,657 |
Active participant vested funding target | 2022-12-31 | 2,961,931 |
Number of active participants | 2022-12-31 | 28 |
Total funding liabilities for active participants | 2022-12-31 | 3,085,751 |
Total participant count | 2022-12-31 | 35 |
Total funding target for all participants | 2022-12-31 | 3,288,895 |
Balance at beginning of prior year after applicable adjustments | 2022-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2022-12-31 | 345,622 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2022-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2022-12-31 | 0 |
Amount remaining of carryover balance | 2022-12-31 | 0 |
Amount remaining of prefunding balance | 2022-12-31 | 345,622 |
Present value of excess contributions | 2022-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2022-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2022-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2022-12-31 | 0 |
Balance of carryovers at beginning of current year | 2022-12-31 | 0 |
Balance of prefunding at beginning of current year | 2022-12-31 | 362,350 |
Total employer contributions | 2022-12-31 | 250,000 |
Total employee contributions | 2022-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2022-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2022-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2022-12-31 | 227,714 |
Unpaid minimum required contributions for all prior years | 2022-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2022-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2022-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2022-12-31 | 315,906 |
Net shortfall amortization installment of oustanding balance | 2022-12-31 | 0 |
Waiver amortization installment | 2022-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2022-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2022-12-31 | 0 |
Additional cash requirement | 2022-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2022-12-31 | 227,714 |
Unpaid minimum required contributions for current year | 2022-12-31 | 0 |
Unpaid minimum required contributions for all years | 2022-12-31 | 0 |
Total participants, beginning-of-year | 2022-01-01 | 35 |
Total number of active participants reported on line 7a of the Form 5500 | 2022-01-01 | 25 |
Number of retired or separated participants receiving benefits | 2022-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2022-01-01 | 3 |
Total of all active and inactive participants | 2022-01-01 | 30 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2022-01-01 | 0 |
Total participants | 2022-01-01 | 30 |
Number of participants with account balances | 2022-01-01 | 0 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2022-01-01 | 0 |
2021: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2021 401k membership | ||
Market value of plan assets | 2021-12-31 | 3,906,148 |
Acturial value of plan assets | 2021-12-31 | 3,906,148 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-31 | 113,976 |
Number of terminated vested participants | 2021-12-31 | 4 |
Fundng target for terminated vested participants | 2021-12-31 | 47,947 |
Active participant vested funding target | 2021-12-31 | 2,464,549 |
Number of active participants | 2021-12-31 | 33 |
Total funding liabilities for active participants | 2021-12-31 | 2,613,755 |
Total participant count | 2021-12-31 | 39 |
Total funding target for all participants | 2021-12-31 | 2,775,678 |
Balance at beginning of prior year after applicable adjustments | 2021-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-31 | 290,146 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-31 | 0 |
Amount remaining of carryover balance | 2021-12-31 | 0 |
Amount remaining of prefunding balance | 2021-12-31 | 290,146 |
Present value of excess contributions | 2021-12-31 | 0 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2021-12-31 | 0 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-31 | 0 |
Balance of carryovers at beginning of current year | 2021-12-31 | 0 |
Balance of prefunding at beginning of current year | 2021-12-31 | 345,622 |
Total employer contributions | 2021-12-31 | 0 |
Total employee contributions | 2021-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-31 | 268,088 |
Net shortfall amortization installment of oustanding balance | 2021-12-31 | 0 |
Waiver amortization installment | 2021-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2021-12-31 | 0 |
Additional cash requirement | 2021-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for current year | 2021-12-31 | 0 |
Unpaid minimum required contributions for all years | 2021-12-31 | 0 |
Total participants, beginning-of-year | 2021-01-01 | 39 |
Total number of active participants reported on line 7a of the Form 5500 | 2021-01-01 | 28 |
Number of retired or separated participants receiving benefits | 2021-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2021-01-01 | 5 |
Total of all active and inactive participants | 2021-01-01 | 35 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2021-01-01 | 0 |
Total participants | 2021-01-01 | 35 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2021-01-01 | 1 |
2020: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2020 401k membership | ||
Market value of plan assets | 2020-12-31 | 3,576,087 |
Acturial value of plan assets | 2020-12-31 | 3,576,087 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 121,639 |
Number of terminated vested participants | 2020-12-31 | 2 |
Fundng target for terminated vested participants | 2020-12-31 | 53,811 |
Active participant vested funding target | 2020-12-31 | 2,305,917 |
Number of active participants | 2020-12-31 | 37 |
Total funding liabilities for active participants | 2020-12-31 | 2,454,012 |
Total participant count | 2020-12-31 | 41 |
Total funding target for all participants | 2020-12-31 | 2,629,462 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2020-12-31 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2020-12-31 | 0 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 0 |
Present value of excess contributions | 2020-12-31 | 274,085 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 290,146 |
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance | 2020-12-31 | 290,146 |
Reductions in caryover balances due to elections or deemed elections | 2020-12-31 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2020-12-31 | 0 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 290,146 |
Total employer contributions | 2020-12-31 | 0 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2020-12-31 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 0 |
Unpaid minimum required contributions for all prior years | 2020-12-31 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2020-12-31 | 0 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 276,682 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
Waiver amortization installment | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 0 |
Carryover balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Prefunding balance elected to use to offset funding requirement | 2020-12-31 | 0 |
Additional cash requirement | 2020-12-31 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |
Total participants, beginning-of-year | 2020-01-01 | 41 |
Total number of active participants reported on line 7a of the Form 5500 | 2020-01-01 | 33 |
Number of retired or separated participants receiving benefits | 2020-01-01 | 2 |
Number of other retired or separated participants entitled to future benefits | 2020-01-01 | 4 |
Total of all active and inactive participants | 2020-01-01 | 39 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2020-01-01 | 0 |
Total participants | 2020-01-01 | 39 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2020-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2022 : BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2022 401k financial data | ||
Total income from all sources | 2022-12-31 | $-731,945 |
Expenses. Total of all expenses incurred | 2022-12-31 | $641,086 |
Benefits paid (including direct rollovers) | 2022-12-31 | $641,086 |
Total plan assets at end of year | 2022-12-31 | $2,613,068 |
Total plan assets at beginning of year | 2022-12-31 | $3,986,099 |
Value of fidelity bond covering the plan | 2022-12-31 | $15,000,000 |
Other income received | 2022-12-31 | $-981,945 |
Net income (gross income less expenses) | 2022-12-31 | $-1,373,031 |
Net plan assets at end of year (total assets less liabilities) | 2022-12-31 | $2,613,068 |
Net plan assets at beginning of year (total assets less liabilities) | 2022-12-31 | $3,986,099 |
Total contributions received or receivable from employer(s) | 2022-12-31 | $250,000 |
2021 : BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2021 401k financial data | ||
Total plan liabilities at beginning of year | 2021-12-31 | $0 |
Total income from all sources | 2021-12-31 | $186,477 |
Expenses. Total of all expenses incurred | 2021-12-31 | $106,526 |
Benefits paid (including direct rollovers) | 2021-12-31 | $106,526 |
Total plan assets at end of year | 2021-12-31 | $3,986,099 |
Total plan assets at beginning of year | 2021-12-31 | $3,906,148 |
Value of fidelity bond covering the plan | 2021-12-31 | $15,000,000 |
Other income received | 2021-12-31 | $186,477 |
Net income (gross income less expenses) | 2021-12-31 | $79,951 |
Net plan assets at end of year (total assets less liabilities) | 2021-12-31 | $3,986,099 |
Net plan assets at beginning of year (total assets less liabilities) | 2021-12-31 | $3,906,148 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
2020 : BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2020 401k financial data | ||
Total plan liabilities at end of year | 2020-12-31 | $0 |
Total plan liabilities at beginning of year | 2020-12-31 | $2,983 |
Total income from all sources | 2020-12-31 | $694,986 |
Expenses. Total of all expenses incurred | 2020-12-31 | $324,244 |
Benefits paid (including direct rollovers) | 2020-12-31 | $320,307 |
Total plan assets at end of year | 2020-12-31 | $3,906,148 |
Total plan assets at beginning of year | 2020-12-31 | $3,538,389 |
Value of fidelity bond covering the plan | 2020-12-31 | $15,000,000 |
Expenses. Other expenses not covered elsewhere | 2020-12-31 | $159 |
Other income received | 2020-12-31 | $653,986 |
Net income (gross income less expenses) | 2020-12-31 | $370,742 |
Net plan assets at end of year (total assets less liabilities) | 2020-12-31 | $3,906,148 |
Net plan assets at beginning of year (total assets less liabilities) | 2020-12-31 | $3,535,406 |
Total contributions received or receivable from employer(s) | 2020-12-31 | $41,000 |
Expenses. Administrative service providers (salaries,fees and commissions) | 2020-12-31 | $3,778 |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
2022: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2022 form 5500 responses | ||
---|---|---|
2022-01-01 | Type of plan entity | Single employer plan |
2022-01-01 | Submission has been amended | No |
2022-01-01 | This submission is the final filing | No |
2022-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2022-01-01 | Plan is a collectively bargained plan | Yes |
2022-01-01 | Plan funding arrangement – Trust | Yes |
2022-01-01 | Plan benefit arrangement - Trust | Yes |
2021: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2021 form 5500 responses | ||
2021-01-01 | Type of plan entity | Single employer plan |
2021-01-01 | Submission has been amended | No |
2021-01-01 | This submission is the final filing | No |
2021-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2021-01-01 | Plan is a collectively bargained plan | Yes |
2021-01-01 | Plan funding arrangement – Trust | Yes |
2021-01-01 | Plan benefit arrangement - Trust | Yes |
2020: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2020 form 5500 responses | ||
2020-01-01 | Type of plan entity | Single employer plan |
2020-01-01 | Submission has been amended | No |
2020-01-01 | This submission is the final filing | No |
2020-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2020-01-01 | Plan is a collectively bargained plan | Yes |
2020-01-01 | Plan funding arrangement – Trust | Yes |
2020-01-01 | Plan benefit arrangement - Trust | Yes |