401k Plan data: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN plan

WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN
Plan identification number	001

WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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

WELLSCO FIELD SERVICES, LLC has sponsored the creation of one or more 401k plans.

Company Name: WELLSCO FIELD SERVICES, LLC

Employer identification number (EIN): 261469187

NAIC Classification: 211110
NAIC Description: Oil and Gas Extraction, Oil

Additional information about WELLSCO FIELD SERVICES, LLC

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2007-10-15

Company Identification Number: 0800884371

Legal Registered Office Address: PO BOX 56

EUNICE
United States of America (USA)
70535

More information about WELLSCO FIELD SERVICES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2013-01-01 BRIAN TANNER 2014-01-27 BRIAN TANNER 2014-01-27
001 2012-01-01 BRIAN TANNER 2013-09-20 BRIAN TANNER 2013-09-20
001 2011-01-01 BRIAN TANNER BRIAN TANNER 2012-10-15
001 2009-01-01 MICHAEL TANNER MICHAEL TANNER 2010-10-14
001 2009-01-01 MICHAEL TANNER MICHAEL TANNER 2010-10-13

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2013-01-01	BRIAN TANNER	2014-01-27	BRIAN TANNER	2014-01-27
001	2012-01-01	BRIAN TANNER	2013-09-20	BRIAN TANNER	2013-09-20
001	2011-01-01	BRIAN TANNER		BRIAN TANNER	2012-10-15
001	2009-01-01	MICHAEL TANNER		MICHAEL TANNER	2010-10-14
001	2009-01-01	MICHAEL TANNER		MICHAEL TANNER	2010-10-13

Plan Statistics for WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN

401k plan membership statisitcs for WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN

Measure Date Value
2011: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 237
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 8
Total of all active and inactive participants 2011-01-01 8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 8
Number of participants with account balances 2011-01-01 8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 464
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 124
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 11
Total of all active and inactive participants 2009-01-01 135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 135
Number of participants with account balances 2009-01-01 17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 8

Measure	Date	Value
2011: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	237
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	8
Total of all active and inactive participants	2011-01-01	8
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	8
Number of participants with account balances	2011-01-01	8
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	464
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	124
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	11
Total of all active and inactive participants	2009-01-01	135
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	135
Number of participants with account balances	2009-01-01	17
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	8

Financial Data on WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN

Measure	Date	Value
2011 : WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$835
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$982
Total income from all sources (including contributions)	2011-12-31	$31,835
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$208,556
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$208,481
Value of total corrective distributions	2011-12-31	$75
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$39,700
Value of total assets at end of year	2011-12-31	$153,005
Value of total assets at beginning of year	2011-12-31	$329,873
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$0
Total interest from all sources	2011-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2011-12-31	$0
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$30,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$37,301
Participant contributions at end of year	2011-12-31	$0
Participant contributions at beginning of year	2011-12-31	$2,973
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$118
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2011-12-31	$835
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2011-12-31	$982
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-176,721
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$152,170
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$328,891
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$85,394
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$172,673
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$4
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$1,475
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$1,475
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$67,607
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$151,376
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-7,865
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$2,281
Employer contributions (assets) at end of year	2011-12-31	$0
Employer contributions (assets) at beginning of year	2011-12-31	$1,376
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$208,481
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	THIBODAUX HEBERT DESHOTELS LEBLANC
Accountancy firm EIN	2011-12-31	208102502
2010 : WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$982
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$962
Total income from all sources (including contributions)	2010-12-31	$110,596
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$67,983
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$61,776
Value of total corrective distributions	2010-12-31	$3,134
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$88,536
Value of total assets at end of year	2010-12-31	$329,873
Value of total assets at beginning of year	2010-12-31	$287,240
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$3,073
Total interest from all sources	2010-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$2,459
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$2,459
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$40,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$81,221
Participant contributions at end of year	2010-12-31	$2,973
Participant contributions at beginning of year	2010-12-31	$1,862
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2010-12-31	$982
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$962
Administrative expenses (other) incurred	2010-12-31	$544
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$42,613
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$328,891
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$286,278
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$2,529
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$172,673
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$142,043
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$1,475
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$429
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$429
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$151,376
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$140,141
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$19,601
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$7,315
Employer contributions (assets) at end of year	2010-12-31	$1,376
Employer contributions (assets) at beginning of year	2010-12-31	$2,765
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$61,776
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	THIBODAUX HEBERT DESHOTELS LEBLANC
Accountancy firm EIN	2010-12-31	208102502
2009 : WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN

2011: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: WELLSCO FIELD SERVICES, LLC 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

GAP-B3-BK7Q

Policy instance

Insurance contract or identification number	GAP-B3-BK7Q
Number of Individuals Covered	8
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $564
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No
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 number

GAP-B3-BK7Q

Policy instance

Insurance contract or identification number	GAP-B3-BK7Q
Number of Individuals Covered	14
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $709
Total amount of fees paid to insurance company	USD $0
Are there contracts with allocated funds for individual policies?	No
Are there contracts with allocated funds for group deferred annuity?	No
Are there contracts with allocated funds for types other than group deferred annuity or individual?	No
Contract purchased, in whole or in part, to distribute benefits from a terminating plan	No
Contracts With Unallocated Funds Deposit Administration	0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?	No
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?	No
Health Insurance Welfare Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
Were dividends or retroactive rate refunds paid in cash?	No
Were dividends or retroactive rate refunds paid as a credit?	No

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Company Name:	WELLSCO FIELD SERVICES, LLC
Employer identification number (EIN):	261469187
NAIC Classification:	211110
NAIC Description:	Oil and Gas Extraction, Oil

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2007-10-15
Company Identification Number:	0800884371
Legal Registered Office Address:	PO BOX 56 EUNICE United States of America (USA) 70535