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BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 401k Plan overview

Plan NameBUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN
Plan identification number 005

BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).

401k Sponsoring company profile

BUCKEYE PIPE LINE SERVICES COMPANY has sponsored the creation of one or more 401k plans.

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

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052022-01-01
0052021-01-01
0052020-01-01

Plan Statistics for BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN

401k plan membership statisitcs for BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN

Measure Date Value
2022: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-313,986,099
Acturial value of plan assets2022-12-313,986,099
Funding target for retired participants and beneficiaries receiving payment2022-12-31109,487
Number of terminated vested participants2022-12-315
Fundng target for terminated vested participants2022-12-3193,657
Active participant vested funding target2022-12-312,961,931
Number of active participants2022-12-3128
Total funding liabilities for active participants2022-12-313,085,751
Total participant count2022-12-3135
Total funding target for all participants2022-12-313,288,895
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31345,622
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-31345,622
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-31362,350
Total employer contributions2022-12-31250,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31227,714
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31315,906
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31227,714
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-0135
Total number of active participants reported on line 7a of the Form 55002022-01-0125
Number of retired or separated participants receiving benefits2022-01-012
Number of other retired or separated participants entitled to future benefits2022-01-013
Total of all active and inactive participants2022-01-0130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0130
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-313,906,148
Acturial value of plan assets2021-12-313,906,148
Funding target for retired participants and beneficiaries receiving payment2021-12-31113,976
Number of terminated vested participants2021-12-314
Fundng target for terminated vested participants2021-12-3147,947
Active participant vested funding target2021-12-312,464,549
Number of active participants2021-12-3133
Total funding liabilities for active participants2021-12-312,613,755
Total participant count2021-12-3139
Total funding target for all participants2021-12-312,775,678
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31290,146
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-31290,146
Present value of excess contributions2021-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-31345,622
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31268,088
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-0139
Total number of active participants reported on line 7a of the Form 55002021-01-0128
Number of retired or separated participants receiving benefits2021-01-012
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-0135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-011
2020: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-313,576,087
Acturial value of plan assets2020-12-313,576,087
Funding target for retired participants and beneficiaries receiving payment2020-12-31121,639
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-3153,811
Active participant vested funding target2020-12-312,305,917
Number of active participants2020-12-3137
Total funding liabilities for active participants2020-12-312,454,012
Total participant count2020-12-3141
Total funding target for all participants2020-12-312,629,462
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31274,085
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31290,146
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31290,146
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-31290,146
Total employer contributions2020-12-310
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-310
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31276,682
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
Total participants, beginning-of-year2020-01-0141
Total number of active participants reported on line 7a of the Form 55002020-01-0133
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-014
Total of all active and inactive participants2020-01-0139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0139
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN

Measure Date Value
2022 : BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2022 401k financial data
Total income from all sources2022-12-31$-731,945
Expenses. Total of all expenses incurred2022-12-31$641,086
Benefits paid (including direct rollovers)2022-12-31$641,086
Total plan assets at end of year2022-12-31$2,613,068
Total plan assets at beginning of year2022-12-31$3,986,099
Value of fidelity bond covering the plan2022-12-31$15,000,000
Other income received2022-12-31$-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 year2021-12-31$0
Total income from all sources2021-12-31$186,477
Expenses. Total of all expenses incurred2021-12-31$106,526
Benefits paid (including direct rollovers)2021-12-31$106,526
Total plan assets at end of year2021-12-31$3,986,099
Total plan assets at beginning of year2021-12-31$3,906,148
Value of fidelity bond covering the plan2021-12-31$15,000,000
Other income received2021-12-31$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 securities2021-12-31$0
2020 : BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$2,983
Total income from all sources2020-12-31$694,986
Expenses. Total of all expenses incurred2020-12-31$324,244
Benefits paid (including direct rollovers)2020-12-31$320,307
Total plan assets at end of year2020-12-31$3,906,148
Total plan assets at beginning of year2020-12-31$3,538,389
Value of fidelity bond covering the plan2020-12-31$15,000,000
Expenses. Other expenses not covered elsewhere2020-12-31$159
Other income received2020-12-31$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 securities2020-12-31$0

Form 5500 Responses for BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN

2022: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BUCKEYE PIPE LINE SERVICES COMPANY IUOE PENSION PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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