401k Plan data: BASINTEK LLC ONE 401(K) PLAN plan

BASINTEK LLC ONE 401(K) PLAN 401k Plan overview

Plan Name	BASINTEK LLC ONE 401(K) PLAN
Plan identification number	001

BASINTEK LLC ONE 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ABACO DRILLING TECHNOLOGIES LLC has sponsored the creation of one or more 401k plans.

Company Name: ABACO DRILLING TECHNOLOGIES LLC

Employer identification number (EIN): 272988638

NAIC Classification: 333900

Additional information about ABACO DRILLING TECHNOLOGIES LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 4843273

More information about ABACO DRILLING TECHNOLOGIES LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BASINTEK LLC ONE 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2019-01-01
001 2019-01-01
001 2019-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 HILLARY LAMANNA 2018-07-05
001 2016-01-01 HILLARY LAMANNA 2017-07-12
001 2015-01-01 HILLARY LAMANNA 2016-07-12

Plan Statistics for BASINTEK LLC ONE 401(K) PLAN

401k plan membership statisitcs for BASINTEK LLC ONE 401(K) PLAN

Measure Date Value
2022: BASINTEK LLC ONE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 171
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 133
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 53
Total of all active and inactive participants 2022-01-01 186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 186
Number of participants with account balances 2022-01-01 184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: BASINTEK LLC ONE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 218
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 119
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 52
Total of all active and inactive participants 2021-01-01 171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 171
Number of participants with account balances 2021-01-01 171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: BASINTEK LLC ONE 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 280
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 119
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 98
Total of all active and inactive participants 2020-01-01 217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 217
Number of participants with account balances 2020-01-01 216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0
2019: BASINTEK LLC ONE 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 260
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 203
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 76
Total of all active and inactive participants 2019-01-01 279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 279
Number of participants with account balances 2019-01-01 277
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0
2018: BASINTEK LLC ONE 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 190
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 212
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 51
Total of all active and inactive participants 2018-01-01 263
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 263
Number of participants with account balances 2018-01-01 243
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 0

Measure	Date	Value
2022: BASINTEK LLC ONE 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	171
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	133
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	53
Total of all active and inactive participants	2022-01-01	186
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	186
Number of participants with account balances	2022-01-01	184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: BASINTEK LLC ONE 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	218
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	119
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	52
Total of all active and inactive participants	2021-01-01	171
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	171
Number of participants with account balances	2021-01-01	171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: BASINTEK LLC ONE 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	280
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	119
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	98
Total of all active and inactive participants	2020-01-01	217
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	217
Number of participants with account balances	2020-01-01	216
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0
2019: BASINTEK LLC ONE 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	260
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	203
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	76
Total of all active and inactive participants	2019-01-01	279
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	279
Number of participants with account balances	2019-01-01	277
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0
2018: BASINTEK LLC ONE 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	190
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	212
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	51
Total of all active and inactive participants	2018-01-01	263
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	263
Number of participants with account balances	2018-01-01	243
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	0

Financial Data on BASINTEK LLC ONE 401(K) PLAN

Measure	Date	Value
2022 : BASINTEK LLC ONE 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total transfer of assets to this plan	2022-12-31	$0
Total transfer of assets from this plan	2022-12-31	$241,207
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-117,760
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$491,599
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$438,320
Expenses. Certain deemed distributions of participant loans	2022-12-31	$26,049
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$1,432,567
Value of total assets at end of year	2022-12-31	$8,861,985
Value of total assets at beginning of year	2022-12-31	$9,712,551
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$27,230
Total interest from all sources	2022-12-31	$14,488
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$363,060
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$363,060
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$500,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$921,007
Participant contributions at end of year	2022-12-31	$259,624
Participant contributions at beginning of year	2022-12-31	$280,438
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$15,047
Administrative expenses (other) incurred	2022-12-31	$27,230
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-609,359
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$8,861,985
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$9,712,551
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$8,226,512
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$9,161,426
Interest on participant loans	2022-12-31	$14,488
Value of interest in common/collective trusts at end of year	2022-12-31	$375,849
Value of interest in common/collective trusts at beginning of year	2022-12-31	$270,687
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,933,513
Net investment gain or loss from common/collective trusts	2022-12-31	$5,638
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	No
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$496,513
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$438,320
Did the plan have assets held for investment	2022-12-31	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	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	CROWE LLP
Accountancy firm EIN	2022-12-31	350921680
2021 : BASINTEK LLC ONE 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total transfer of assets to this plan	2021-12-31	$0
Total transfer of assets from this plan	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$2,426,412
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$644,848
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$553,137
Expenses. Certain deemed distributions of participant loans	2021-12-31	$62,674
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$1,106,678
Value of total assets at end of year	2021-12-31	$9,712,551
Value of total assets at beginning of year	2021-12-31	$7,930,987
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$29,037
Total interest from all sources	2021-12-31	$19,387
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$384,387
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$384,387
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$500,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$763,272
Participant contributions at end of year	2021-12-31	$280,438
Participant contributions at beginning of year	2021-12-31	$328,685
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$134,295
Administrative expenses (other) incurred	2021-12-31	$29,037
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$1,781,564
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$9,712,551
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$7,930,987
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$9,161,426
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$7,351,737
Interest on participant loans	2021-12-31	$19,387
Value of interest in common/collective trusts at end of year	2021-12-31	$270,687
Value of interest in common/collective trusts at beginning of year	2021-12-31	$250,565
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$912,334
Net investment gain or loss from common/collective trusts	2021-12-31	$3,626
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$209,111
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$553,137
Did the plan have assets held for investment	2021-12-31	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	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	CROWE LLP
Accountancy firm EIN	2021-12-31	350921680
2020 : BASINTEK LLC ONE 401(K) PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total transfer of assets to this plan	2020-12-31	$0
Total transfer of assets from this plan	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$1,957,255
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$1,718,028
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$1,618,016
Expenses. Certain deemed distributions of participant loans	2020-12-31	$71,376
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$919,405
Value of total assets at end of year	2020-12-31	$7,930,987
Value of total assets at beginning of year	2020-12-31	$7,691,760
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$28,636
Total interest from all sources	2020-12-31	$20,533
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$229,541
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$229,541
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$500,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$702,541
Participant contributions at end of year	2020-12-31	$328,685
Participant contributions at beginning of year	2020-12-31	$399,795
Administrative expenses (other) incurred	2020-12-31	$28,636
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$239,227
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$7,930,987
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$7,691,760
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$7,351,737
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$7,111,919
Interest on participant loans	2020-12-31	$20,533
Value of interest in common/collective trusts at end of year	2020-12-31	$250,565
Value of interest in common/collective trusts at beginning of year	2020-12-31	$180,046
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$782,886
Net investment gain or loss from common/collective trusts	2020-12-31	$4,890
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$216,864
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$1,618,016
Did the plan have assets held for investment	2020-12-31	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	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Unqualified
Accountancy firm name	2020-12-31	CALVETTI FERGUSON,LLC
Accountancy firm EIN	2020-12-31	134255527
2019 : BASINTEK LLC ONE 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total transfer of assets from this plan	2019-12-31	$0
Total transfer of assets from this plan	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$2,957,245
Total income from all sources (including contributions)	2019-12-31	$2,957,245
Total loss/gain on sale of assets	2019-12-31	$0
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$391,088
Total of all expenses incurred	2019-12-31	$391,088
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$353,774
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$353,774
Expenses. Certain deemed distributions of participant loans	2019-12-31	$9,243
Expenses. Certain deemed distributions of participant loans	2019-12-31	$9,243
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,679,763
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$1,679,763
Value of total assets at end of year	2019-12-31	$7,691,760
Value of total assets at end of year	2019-12-31	$7,691,760
Value of total assets at beginning of year	2019-12-31	$5,125,603
Value of total assets at beginning of year	2019-12-31	$5,125,603
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$28,071
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$28,071
Total interest from all sources	2019-12-31	$20,308
Total interest from all sources	2019-12-31	$20,308
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$261,072
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$261,072
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$261,072
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$261,072
Was this plan covered by a fidelity bond	2019-12-31	Yes
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$500,000
Value of fidelity bond cover	2019-12-31	$500,000
If this is an individual account plan, was there a blackout period	2019-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$1,000,381
Contributions received from participants	2019-12-31	$1,000,381
Participant contributions at end of year	2019-12-31	$399,795
Participant contributions at end of year	2019-12-31	$399,795
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$92,728
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$92,728
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$5,125,603
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$5,125,603
Administrative expenses (other) incurred	2019-12-31	$28,071
Administrative expenses (other) incurred	2019-12-31	$28,071
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$2,566,157
Value of net income/loss	2019-12-31	$2,566,157
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$7,691,760
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$7,691,760
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$5,125,603
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$5,125,603
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$7,111,919
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$7,111,919
Interest on participant loans	2019-12-31	$20,308
Interest on participant loans	2019-12-31	$20,308
Value of interest in common/collective trusts at end of year	2019-12-31	$180,046
Value of interest in common/collective trusts at end of year	2019-12-31	$180,046
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$992,076
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$992,076
Net investment gain or loss from common/collective trusts	2019-12-31	$4,026
Net investment gain or loss from common/collective trusts	2019-12-31	$4,026
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$586,654
Contributions received in cash from employer	2019-12-31	$586,654
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$353,774
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$353,774
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-12-31	Yes
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan have assets held for investment	2019-12-31	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	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	NAME CALVETTI FERGUSON, P.C.
Accountancy firm name	2019-12-31	NAME CALVETTI FERGUSON, P.C.
Accountancy firm EIN	2019-12-31	134255527
Accountancy firm EIN	2019-12-31	134255527
2018 : BASINTEK LLC ONE 401(K) PLAN 2018 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0

Form 5500 Responses for BASINTEK LLC ONE 401(K) PLAN

2022: BASINTEK LLC ONE 401(K) 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	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: BASINTEK LLC ONE 401(K) 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	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: BASINTEK LLC ONE 401(K) 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	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: BASINTEK LLC ONE 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	Yes
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: BASINTEK LLC ONE 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Plan funding arrangement – Insurance	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

118944

Policy instance

Insurance contract or identification number	118944
Number of Individuals Covered	0
Total amount of commissions paid to insurance broker	USD $8,934
Total amount of fees paid to insurance company	USD $8,953
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Amount paid for insurance broker fees	8953
Additional information about fees paid to insurance broker	TPA COMPENSATION
Insurance broker organization code?	5
Commission paid to Insurance Broker	USD $8,934

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Company Name:	ABACO DRILLING TECHNOLOGIES LLC
Employer identification number (EIN):	272988638
NAIC Classification:	333900

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	4843273