401k Plan data: PENNENERGY RESOURCES, LLC 401(K) PLAN plan

PENNENERGY RESOURCES, LLC 401(K) PLAN 401k Plan overview

Plan Name	PENNENERGY RESOURCES, LLC 401(K) PLAN
Plan identification number	002

PENNENERGY RESOURCES, LLC 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.
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

PENNENERGY RESOURCES, LLC has sponsored the creation of one or more 401k plans.

Company Name: PENNENERGY RESOURCES, LLC

Employer identification number (EIN): 452673440

NAIC Classification: 211130
NAIC Description: Natural Gas Extraction

Additional information about PENNENERGY RESOURCES, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 5003495

More information about PENNENERGY RESOURCES, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PENNENERGY RESOURCES, LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01 MARK C. LANG 2020-07-30 MARK C. LANG 2020-07-30
002 2019-01-01 MARK C. LANG 2021-07-21 MARK C. LANG 2021-07-21
002 2018-01-01 MARK C. LANG 2019-10-14 MARK C. LANG 2019-10-14
002 2017-01-01 MARK C. LANG 2018-10-04 MARK C. LANG 2018-10-04
002 2016-01-01 MARK C. LANG 2017-07-28 MARK C. LANG 2017-07-28
002 2014-01-01 MARK C. LANG 2015-07-16 MARK C. LANG 2015-07-16

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01	MARK C. LANG	2020-07-30	MARK C. LANG	2020-07-30
002	2019-01-01	MARK C. LANG	2021-07-21	MARK C. LANG	2021-07-21
002	2018-01-01	MARK C. LANG	2019-10-14	MARK C. LANG	2019-10-14
002	2017-01-01	MARK C. LANG	2018-10-04	MARK C. LANG	2018-10-04
002	2016-01-01	MARK C. LANG	2017-07-28	MARK C. LANG	2017-07-28
002	2014-01-01	MARK C. LANG	2015-07-16	MARK C. LANG	2015-07-16

Plan Statistics for PENNENERGY RESOURCES, LLC 401(K) PLAN

401k plan membership statisitcs for PENNENERGY RESOURCES, LLC 401(K) PLAN

Measure Date Value
2022: PENNENERGY RESOURCES, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 137
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 119
Number of retired or separated participants receiving benefits 2022-01-01 1
Number of other retired or separated participants entitled to future benefits 2022-01-01 24
Total of all active and inactive participants 2022-01-01 144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 144
Number of participants with account balances 2022-01-01 144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 0
2021: PENNENERGY RESOURCES, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 130
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 113
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 24
Total of all active and inactive participants 2021-01-01 137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 137
Number of participants with account balances 2021-01-01 137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: PENNENERGY RESOURCES, LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 128
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 115
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 15
Total of all active and inactive participants 2020-01-01 130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 130
Number of participants with account balances 2020-01-01 130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 0

Measure	Date	Value
2022: PENNENERGY RESOURCES, LLC 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	137
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	119
Number of retired or separated participants receiving benefits	2022-01-01	1
Number of other retired or separated participants entitled to future benefits	2022-01-01	24
Total of all active and inactive participants	2022-01-01	144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	144
Number of participants with account balances	2022-01-01	144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	0
2021: PENNENERGY RESOURCES, LLC 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	130
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	113
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	24
Total of all active and inactive participants	2021-01-01	137
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	137
Number of participants with account balances	2021-01-01	137
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: PENNENERGY RESOURCES, LLC 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	128
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	115
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	15
Total of all active and inactive participants	2020-01-01	130
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	130
Number of participants with account balances	2020-01-01	130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	0

Financial Data on PENNENERGY RESOURCES, LLC 401(K) PLAN

Measure	Date	Value
2022 : PENNENERGY RESOURCES, LLC 401(K) PLAN 2022 401k financial data
Total income from all sources (including contributions)	2022-12-31	$-727,830
Total of all expenses incurred	2022-12-31	$614,713
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$600,595
Expenses. Certain deemed distributions of participant loans	2022-12-31	$11,645
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$2,737,137
Value of total assets at end of year	2022-12-31	$17,576,754
Value of total assets at beginning of year	2022-12-31	$18,919,297
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$2,473
Total interest from all sources	2022-12-31	$6,067
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$283,964
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	$283,964
Administrative expenses professional fees incurred	2022-12-31	$2,473
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	$1,401,074
Participant contributions at end of year	2022-12-31	$121,844
Participant contributions at beginning of year	2022-12-31	$78,488
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$328,608
Total non interest bearing cash at end of year	2022-12-31	$2
Total non interest bearing cash at beginning of year	2022-12-31	$2
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-1,342,543
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$17,576,754
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$18,919,297
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	$7,243,994
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$8,109,791
Interest on participant loans	2022-12-31	$6,067
Value of interest in common/collective trusts at end of year	2022-12-31	$10,200,381
Value of interest in common/collective trusts at beginning of year	2022-12-31	$10,715,832
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-1,992,868
Net investment gain or loss from common/collective trusts	2022-12-31	$-1,762,130
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	$1,007,455
Employer contributions (assets) at end of year	2022-12-31	$10,533
Employer contributions (assets) at beginning of year	2022-12-31	$15,184
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$600,595
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	Disclaimer
Accountancy firm name	2022-12-31	RUZOMBERKA HOLLAND RENK SMITH
Accountancy firm EIN	2022-12-31	251899140
2021 : PENNENERGY RESOURCES, LLC 401(K) PLAN 2021 401k financial data
Total income from all sources (including contributions)	2021-12-31	$5,432,882
Total of all expenses incurred	2021-12-31	$1,991,669
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$1,973,902
Expenses. Certain deemed distributions of participant loans	2021-12-31	$16,437
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$2,953,623
Value of total assets at end of year	2021-12-31	$18,919,297
Value of total assets at beginning of year	2021-12-31	$15,478,084
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$1,330
Total interest from all sources	2021-12-31	$5,446
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$412,347
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	$412,347
Administrative expenses professional fees incurred	2021-12-31	$1,330
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
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$1,280,207
Participant contributions at end of year	2021-12-31	$78,488
Participant contributions at beginning of year	2021-12-31	$133,248
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$775,174
Other income not declared elsewhere	2021-12-31	$2,888
Total non interest bearing cash at end of year	2021-12-31	$2
Total non interest bearing cash at beginning of year	2021-12-31	$151
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	$3,441,213
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$18,919,297
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$15,478,084
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	$8,109,791
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$7,010,399
Interest on participant loans	2021-12-31	$5,446
Value of interest in common/collective trusts at end of year	2021-12-31	$10,715,832
Value of interest in common/collective trusts at beginning of year	2021-12-31	$8,307,122
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$403,167
Net investment gain or loss from common/collective trusts	2021-12-31	$1,655,411
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	$898,242
Employer contributions (assets) at end of year	2021-12-31	$15,184
Employer contributions (assets) at beginning of year	2021-12-31	$27,164
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$1,973,902
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	Disclaimer
Accountancy firm name	2021-12-31	RUZOMBERKA HOLLAND RENK SMITH
Accountancy firm EIN	2021-12-31	251899140
2020 : PENNENERGY RESOURCES, LLC 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)	2020-12-31	$4,179,850
Total of all expenses incurred	2020-12-31	$330,776
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$327,930
Expenses. Certain deemed distributions of participant loans	2020-12-31	$1,870
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$2,253,498
Value of total assets at end of year	2020-12-31	$15,478,084
Value of total assets at beginning of year	2020-12-31	$11,629,010
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$976
Total interest from all sources	2020-12-31	$8,765
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$191,027
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	$191,027
Administrative expenses professional fees incurred	2020-12-31	$976
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
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$1,241,129
Participant contributions at end of year	2020-12-31	$133,248
Participant contributions at beginning of year	2020-12-31	$134,686
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$110,078
Total non interest bearing cash at end of year	2020-12-31	$151
Total non interest bearing cash at beginning of year	2020-12-31	$0
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	$3,849,074
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$15,478,084
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$11,629,010
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	$7,010,399
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$4,925,162
Interest on participant loans	2020-12-31	$8,765
Value of interest in common/collective trusts at end of year	2020-12-31	$8,307,122
Value of interest in common/collective trusts at beginning of year	2020-12-31	$6,556,405
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$634,426
Net investment gain or loss from common/collective trusts	2020-12-31	$1,092,134
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	$902,291
Employer contributions (assets) at end of year	2020-12-31	$27,164
Employer contributions (assets) at beginning of year	2020-12-31	$12,757
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$327,930
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	Disclaimer
Accountancy firm name	2020-12-31	RUZOMBERKA HOLLAND RENK SMITH
Accountancy firm EIN	2020-12-31	251899140

Form 5500 Responses for PENNENERGY RESOURCES, LLC 401(K) PLAN

2022: PENNENERGY RESOURCES, LLC 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PENNENERGY RESOURCES, LLC 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: PENNENERGY RESOURCES, LLC 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PENNENERGY RESOURCES, LLC
Employer identification number (EIN):	452673440
NAIC Classification:	211130
NAIC Description:	Natural Gas Extraction

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	5003495