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BEST WELL SERVICES, LLC 401(K) PLAN 401k Plan overview

Plan NameBEST WELL SERVICES, LLC 401(K) PLAN
Plan identification number 001

BEST WELL SERVICES, LLC 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

BEST WELL SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name:BEST WELL SERVICES, LLC
Employer identification number (EIN):260234227
NAIC Classification:213110
NAIC Description: Support Activities for Mining

Additional information about BEST WELL SERVICES, LLC

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2016-03-08
Company Identification Number: 0802409376
Legal Registered Office Address: 401 S BOSTON AVE STE 2320

TULSA
United States of America (USA)
74103

More information about BEST WELL SERVICES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BEST WELL SERVICES, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-01-01
0012016-01-01DITTY MILLER2017-04-13 DITTY MILLER2017-04-13
0012015-01-01DITTY MILLER DITTY MILLER2016-10-12
0012014-01-01
0012013-01-01

Plan Statistics for BEST WELL SERVICES, LLC 401(K) PLAN

401k plan membership statisitcs for BEST WELL SERVICES, LLC 401(K) PLAN

Measure Date Value
2015: BEST WELL SERVICES, LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01160
Total number of active participants reported on line 7a of the Form 55002015-01-0151
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0119
Total of all active and inactive participants2015-01-0170
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0170
Number of participants with account balances2015-01-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: BEST WELL SERVICES, LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01175
Total number of active participants reported on line 7a of the Form 55002014-01-01111
Number of other retired or separated participants entitled to future benefits2014-01-0113
Total of all active and inactive participants2014-01-01124
Total participants2014-01-01124
Number of participants with account balances2014-01-0189
2013: BEST WELL SERVICES, LLC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01174
Total number of active participants reported on line 7a of the Form 55002013-01-01165
Number of other retired or separated participants entitled to future benefits2013-01-0110
Total of all active and inactive participants2013-01-01175
Total participants2013-01-01175
Number of participants with account balances2013-01-0187

Financial Data on BEST WELL SERVICES, LLC 401(K) PLAN

Measure Date Value
2015 : BEST WELL SERVICES, LLC 401(K) PLAN 2015 401k financial data
Total income from all sources (including contributions)2015-12-31$176,431
Total of all expenses incurred2015-12-31$818,835
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$810,727
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$174,451
Value of total assets at end of year2015-12-31$1,025,279
Value of total assets at beginning of year2015-12-31$1,667,683
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$8,108
Total interest from all sources2015-12-31$4,377
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$139
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$139
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$1,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$133,919
Participant contributions at end of year2015-12-31$79,166
Participant contributions at beginning of year2015-12-31$59,482
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$10,816
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$14,273
Other income not declared elsewhere2015-12-31$1,483
Administrative expenses (other) incurred2015-12-31$1,870
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-642,404
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,025,279
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,667,683
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$849,847
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$112,513
Value of interest in pooled separate accounts at end of year2015-12-31$0
Value of interest in pooled separate accounts at beginning of year2015-12-31$1,477,615
Interest on participant loans2015-12-31$2,954
Interest earned on other investments2015-12-31$1,423
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$96,266
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-73,744
Net investment gain/loss from pooled separate accounts2015-12-31$69,725
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$26,259
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$7,257
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$810,727
Contract administrator fees2015-12-31$6,238
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31WILSEY MEYER EATMON TATE PLLC
Accountancy firm EIN2015-12-31731556935
2014 : BEST WELL SERVICES, LLC 401(K) PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$594,283
Total of all expenses incurred2014-12-31$319,282
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$308,014
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$512,278
Value of total assets at end of year2014-12-31$1,667,683
Value of total assets at beginning of year2014-12-31$1,392,682
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$11,268
Total interest from all sources2014-12-31$1,942
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$1,035
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$1,035
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$1,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$281,752
Participant contributions at end of year2014-12-31$59,482
Participant contributions at beginning of year2014-12-31$21,483
Participant contributions at end of year2014-12-31$10,816
Participant contributions at beginning of year2014-12-31$11,420
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$31,283
Other income not declared elsewhere2014-12-31$7
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$275,001
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,667,683
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,392,682
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$112,513
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$131,410
Value of interest in pooled separate accounts at end of year2014-12-31$1,477,615
Value of interest in pooled separate accounts at beginning of year2014-12-31$1,219,446
Interest on participant loans2014-12-31$1,942
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$899
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,806
Net investment gain/loss from pooled separate accounts2014-12-31$76,215
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$199,243
Employer contributions (assets) at end of year2014-12-31$7,257
Employer contributions (assets) at beginning of year2014-12-31$8,024
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$308,014
Contract administrator fees2014-12-31$11,268
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
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 name2014-12-31WILSEY MEYER EATMON TATE PLLC
Accountancy firm EIN2014-12-31731556935
2013 : BEST WELL SERVICES, LLC 401(K) PLAN 2013 401k financial data
Total transfer of assets to this plan2013-12-31$856,485
Total income from all sources (including contributions)2013-12-31$757,250
Total of all expenses incurred2013-12-31$221,053
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$212,123
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$578,225
Value of total assets at end of year2013-12-31$1,392,682
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$8,930
Total interest from all sources2013-12-31$835
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,168
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,168
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$1,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$336,487
Participant contributions at end of year2013-12-31$21,483
Participant contributions at end of year2013-12-31$11,420
Other income not declared elsewhere2013-12-31$-2
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$536,197
Value of net assets at end of year (total assets less liabilities)2013-12-31$1,392,682
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$131,410
Value of interest in pooled separate accounts at end of year2013-12-31$1,219,446
Interest on participant loans2013-12-31$835
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$899
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$17,905
Net investment gain/loss from pooled separate accounts2013-12-31$159,119
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 contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$241,738
Employer contributions (assets) at end of year2013-12-31$8,024
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$212,123
Contract administrator fees2013-12-31$8,930
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
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 name2013-12-31WILSEY MEYER EATMON TATE PLLC
Accountancy firm EIN2013-12-31731556935

Form 5500 Responses for BEST WELL SERVICES, LLC 401(K) PLAN

2015: BEST WELL SERVICES, LLC 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BEST WELL SERVICES, LLC 401(K) 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 – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BEST WELL SERVICES, LLC 401(K) 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 – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 68322 )
Policy contract number372563-01
Policy instance 1
Insurance contract or identification number372563-01
Number of Individuals Covered3
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number459444
Policy instance 2
Insurance contract or identification number459444
Number of Individuals Covered0
Insurance policy start date2015-01-01
Insurance policy end date2015-12-31
Total amount of commissions paid to insurance brokerUSD $1,843
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,843
Insurance broker organization code?3
Insurance broker nameMML INSURANCE AGENCY LLC
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number459444
Policy instance 1
Insurance contract or identification number459444
Number of Individuals Covered124
Insurance policy start date2014-01-01
Insurance policy end date2014-12-31
Total amount of commissions paid to insurance brokerUSD $3,325
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $3,325
Amount paid for insurance broker fees0
Insurance broker organization code?3
Insurance broker nameMML INSURANCE AGENCY LLC
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number459444
Policy instance 1
Insurance contract or identification number459444
Number of Individuals Covered175
Insurance policy start date2013-01-01
Insurance policy end date2013-12-31
Total amount of commissions paid to insurance brokerUSD $1,827
Total amount of fees paid to insurance companyUSD $203
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $1,827
Amount paid for insurance broker fees0
Insurance broker organization code?3
Additional information about fees paid to insurance brokerRENEWAL FEES
Insurance broker nameMML INVESTORS SERVICES LLC

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