MFC DRILLING, INC. has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN
| Measure | Date | Value |
|---|
| 2025 : MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2025-04-25 | 3188 |
| Net assets as of the end of the plan year | 2025-04-25 | 1867536 |
| Total assets as of the beginning of the plan year | 2025-04-25 | 1584537 |
| Value of plan covered by a fidelity bond | 2025-04-25 | 300000 |
| Participant contributions to plan in this plan year | 2025-04-25 | 30347 |
| Other contributions to plan in this plan year | 2025-04-25 | 52987 |
| Other income to plan in this plan year | 2025-04-25 | 202853 |
| Plan net income in this plan year | 2025-04-25 | 282999 |
| Net assets as of the end of the plan year | 2025-04-25 | 1867536 |
| Net assets as of the beginning of the plan year | 2025-04-25 | 1584537 |
| Fees paid to broker by Benefit Provider | 2025-04-25 | 3342 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2025-04-25 | 2719 |
| 2024 : MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2024 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2024-06-21 | 1295304 |
| Net assets as of the end of the plan year | 2024-06-21 | 1584537 |
| Total assets as of the beginning of the plan year | 2024-06-21 | 2549615 |
| Value of plan covered by a fidelity bond | 2024-06-21 | 300000 |
| Participant contributions to plan in this plan year | 2024-06-21 | 47502 |
| Other income to plan in this plan year | 2024-06-21 | 226136 |
| Plan net income in this plan year | 2024-06-21 | -965078 |
| Net assets as of the end of the plan year | 2024-06-21 | 1584537 |
| Net assets as of the beginning of the plan year | 2024-06-21 | 2549615 |
| Employer contributions to plan in this plan year | 2024-06-21 | 56588 |
| Fees paid to broker by Benefit Provider | 2024-06-21 | 8912 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2024-06-21 | 1773 |
| 2022 : MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data |
|---|
| Total expenses incurred by plan in this plan year | 2022-10-12 | 281552 |
| Net assets as of the end of the plan year | 2022-10-12 | 3072680 |
| Total assets as of the beginning of the plan year | 2022-10-12 | 2277245 |
| Value of plan covered by a fidelity bond | 2022-10-12 | 300000 |
| Participant contributions to plan in this plan year | 2022-10-12 | 48673 |
| Other contributions to plan in this plan year | 2022-10-12 | 743530 |
| Other income to plan in this plan year | 2022-10-12 | 262672 |
| Plan net income in this plan year | 2022-10-12 | 795435 |
| Net assets as of the end of the plan year | 2022-10-12 | 3072680 |
| Net assets as of the beginning of the plan year | 2022-10-12 | 2277245 |
| Employer contributions to plan in this plan year | 2022-10-12 | 22112 |
| Fees paid to broker by Benefit Provider | 2022-10-12 | 10467 |
| Expensese paid to adminstrative service provicers from plan in this plan year | 2022-10-12 | 1382 |
| 2008 : MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2008 401k financial data |
|---|
| Total plan liabilities at end of year | 2008-12-31 | $159 |
| Total plan liabilities at beginning of year | 2008-12-31 | $1,525 |
| Total income from all sources | 2008-12-31 | $48,360 |
| Expenses. Total of all expenses incurred | 2008-12-31 | $1,063 |
| Benefits paid (including direct rollovers) | 2008-12-31 | $212 |
| Total plan assets at end of year | 2008-12-31 | $195,920 |
| Total plan assets at beginning of year | 2008-12-31 | $149,989 |
| Value of fidelity bond covering the plan | 2008-12-31 | $50,000 |
| Total contributions received or receivable from participants | 2008-12-31 | $50,857 |
| Expenses. Other expenses not covered elsewhere | 2008-12-31 | $851 |
| Other income received | 2008-12-31 | $-62,958 |
| Net income (gross income less expenses) | 2008-12-31 | $47,297 |
| Net plan assets at end of year (total assets less liabilities) | 2008-12-31 | $195,761 |
| Net plan assets at beginning of year (total assets less liabilities) | 2008-12-31 | $148,464 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2008-12-31 | $1,023 |
| Total contributions received or receivable from employer(s) | 2008-12-31 | $60,461 |
| 2007 : MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2007 401k financial data |
|---|
| Total plan liabilities at end of year | 2007-12-31 | $1,525 |
| Total income from all sources | 2007-12-31 | $92,559 |
| Expenses. Total of all expenses incurred | 2007-12-31 | $37,128 |
| Benefits paid (including direct rollovers) | 2007-12-31 | $35,650 |
| Total plan assets at end of year | 2007-12-31 | $149,989 |
| Total plan assets at beginning of year | 2007-12-31 | $93,033 |
| Value of fidelity bond covering the plan | 2007-12-31 | $20,000 |
| Total contributions received or receivable from participants | 2007-12-31 | $42,456 |
| Expenses. Other expenses not covered elsewhere | 2007-12-31 | $1,478 |
| Other income received | 2007-12-31 | $6,003 |
| Net income (gross income less expenses) | 2007-12-31 | $55,431 |
| Net plan assets at end of year (total assets less liabilities) | 2007-12-31 | $148,464 |
| Net plan assets at beginning of year (total assets less liabilities) | 2007-12-31 | $93,033 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2007-12-31 | $664 |
| Total contributions received or receivable from employer(s) | 2007-12-31 | $44,100 |
| 2006 : MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2006 401k financial data |
|---|
| Total income from all sources | 2006-12-31 | $93,033 |
| Expenses. Total of all expenses incurred | 2006-12-31 | $0 |
| Total plan assets at end of year | 2006-12-31 | $93,033 |
| Total plan assets at beginning of year | 2006-12-31 | $0 |
| Value of fidelity bond covering the plan | 2006-12-31 | $20,000 |
| Total contributions received or receivable from participants | 2006-12-31 | $49,059 |
| Other income received | 2006-12-31 | $2,612 |
| Net income (gross income less expenses) | 2006-12-31 | $93,033 |
| Net plan assets at end of year (total assets less liabilities) | 2006-12-31 | $93,033 |
| Net plan assets at beginning of year (total assets less liabilities) | 2006-12-31 | $0 |
| Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102 | 2006-12-31 | $493 |
| Total contributions received or receivable from employer(s) | 2006-12-31 | $41,362 |
| 2008: MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2008 form 5500 responses |
|---|
| 2008-01-01 | Type of plan entity | Single employer plan |
| 2008-01-01 | Submission has been amended | Yes |
| 2008-01-01 | This submission is the final filing | No |
| 2008-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2008-01-01 | Plan is a collectively bargained plan | No |
| 2008-01-01 | Plan funding arrangement – Insurance | Yes |
| 2008-01-01 | Plan funding arrangement – Trust | Yes |
| 2008-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2008-01-01 | Plan benefit arrangement - Trust | Yes |
| 2007: MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2007 form 5500 responses |
|---|
| 2007-01-01 | Type of plan entity | Single employer plan |
| 2007-01-01 | First time form 5500 has been submitted | Yes |
| 2007-01-01 | Submission has been amended | Yes |
| 2007-01-01 | This submission is the final filing | No |
| 2007-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2007-01-01 | Plan is a collectively bargained plan | No |
| 2007-01-01 | Plan funding arrangement – Insurance | Yes |
| 2007-01-01 | Plan funding arrangement – Trust | Yes |
| 2007-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2007-01-01 | Plan benefit arrangement - Trust | Yes |
| 2006: MFC DRILLING, INC. 401(K) PROFIT SHARING PLAN 2006 form 5500 responses |
|---|
| 2006-01-01 | Type of plan entity | Single employer plan |
| 2006-01-01 | First time form 5500 has been submitted | Yes |
| 2006-01-01 | Submission has been amended | Yes |
| 2006-01-01 | This submission is the final filing | No |
| 2006-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
| 2006-01-01 | Plan is a collectively bargained plan | No |
| 2006-01-01 | Plan funding arrangement – Insurance | Yes |
| 2006-01-01 | Plan funding arrangement – Trust | Yes |
| 2006-01-01 | Plan benefit arrangement – Insurance | Yes |
| 2006-01-01 | Plan benefit arrangement - Trust | Yes |
