401k Plan data: LAREDO ENERGY 401(K) PLAN plan

LAREDO ENERGY 401(K) PLAN 401k Plan overview

Plan Name	LAREDO ENERGY 401(K) PLAN
Plan identification number	001

LAREDO ENERGY 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.
Participant-directed brokerage accounts provided as an investment option under the plan.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan covering Self-Employed individuals.
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

LAREDO ENERGY OPERATING, LLC has sponsored the creation of one or more 401k plans.

Company Name: LAREDO ENERGY OPERATING, LLC

Employer identification number (EIN): 464970514

NAIC Classification: 211130
NAIC Description: Natural Gas Extraction

Additional information about LAREDO ENERGY OPERATING, LLC

Jurisdiction of Incorporation: Texas Secretary of State

Incorporation Date: 2014-02-07

Company Identification Number: 0801930260

Legal Registered Office Address: 840 W SAM HOUSTON PKWY N STE 400

HOUSTON
United States of America (USA)
77024

More information about LAREDO ENERGY OPERATING, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAREDO ENERGY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 HOWARD SELZER 2018-02-01
001 2016-01-01 HOWARD SELZER 2017-08-18

Plan Statistics for LAREDO ENERGY 401(K) PLAN

401k plan membership statisitcs for LAREDO ENERGY 401(K) PLAN

Measure Date Value
2021: LAREDO ENERGY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 45
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 28
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 8
Total of all active and inactive participants 2021-01-01 36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 36
Number of participants with account balances 2021-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: LAREDO ENERGY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 48
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 36
Number of other retired or separated participants entitled to future benefits 2020-01-01 9
Total of all active and inactive participants 2020-01-01 45
Total participants 2020-01-01 45
Number of participants with account balances 2020-01-01 41
2019: LAREDO ENERGY 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 32
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 38
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 10
Total of all active and inactive participants 2019-01-01 48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 48
Number of participants with account balances 2019-01-01 41
2018: LAREDO ENERGY 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 36
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 26
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 6
Total of all active and inactive participants 2018-01-01 32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 32
Number of participants with account balances 2018-01-01 28

Measure	Date	Value
2021: LAREDO ENERGY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	45
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	28
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	8
Total of all active and inactive participants	2021-01-01	36
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	36
Number of participants with account balances	2021-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: LAREDO ENERGY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	48
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	36
Number of other retired or separated participants entitled to future benefits	2020-01-01	9
Total of all active and inactive participants	2020-01-01	45
Total participants	2020-01-01	45
Number of participants with account balances	2020-01-01	41
2019: LAREDO ENERGY 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	32
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	38
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	10
Total of all active and inactive participants	2019-01-01	48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	48
Number of participants with account balances	2019-01-01	41
2018: LAREDO ENERGY 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	36
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	26
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	6
Total of all active and inactive participants	2018-01-01	32
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	32
Number of participants with account balances	2018-01-01	28

Financial Data on LAREDO ENERGY 401(K) PLAN

Measure	Date	Value
2021 : LAREDO ENERGY 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$1,093,425
Expenses. Total of all expenses incurred	2021-12-31	$99,479
Benefits paid (including direct rollovers)	2021-12-31	$100,168
Total plan assets at end of year	2021-12-31	$6,013,500
Total plan assets at beginning of year	2021-12-31	$5,019,554
Value of fidelity bond covering the plan	2021-12-31	$1,000,000
Total contributions received or receivable from participants	2021-12-31	$378,527
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$549,498
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$993,946
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$6,013,500
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$5,019,554
Assets. Value of participant loans	2021-12-31	$75,257
Total contributions received or receivable from employer(s)	2021-12-31	$165,400
Value of certain deemed distributions of participant loans	2021-12-31	$-1,070
Value of corrective distributions	2021-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$381
2020 : LAREDO ENERGY 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$1,110,253
Expenses. Total of all expenses incurred	2020-12-31	$706,588
Benefits paid (including direct rollovers)	2020-12-31	$703,303
Total plan assets at end of year	2020-12-31	$5,019,554
Total plan assets at beginning of year	2020-12-31	$4,615,889
Value of fidelity bond covering the plan	2020-12-31	$1,000,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$392,609
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$559,964
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$403,665
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$5,019,554
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$4,615,889
Assets. Value of participant loans	2020-12-31	$84,034
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$157,680
Value of certain deemed distributions of participant loans	2020-12-31	$2,528
Value of corrective distributions	2020-12-31	$138
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$619
2019 : LAREDO ENERGY 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$1,411,378
Expenses. Total of all expenses incurred	2019-12-31	$625,669
Benefits paid (including direct rollovers)	2019-12-31	$625,023
Total plan assets at end of year	2019-12-31	$4,615,889
Total plan assets at beginning of year	2019-12-31	$3,830,180
Value of fidelity bond covering the plan	2019-12-31	$1,000,000
Total contributions received or receivable from participants	2019-12-31	$366,132
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$122,043
Other income received	2019-12-31	$763,251
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$785,709
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$4,615,889
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$3,830,180
Assets. Value of participant loans	2019-12-31	$49,453
Total contributions received or receivable from employer(s)	2019-12-31	$159,952
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$666
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$-20
2018 : LAREDO ENERGY 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$18,198
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$249,400
Expenses. Total of all expenses incurred	2018-12-31	$1,748,050
Benefits paid (including direct rollovers)	2018-12-31	$1,743,236
Total plan assets at end of year	2018-12-31	$3,830,180
Total plan assets at beginning of year	2018-12-31	$5,310,632
Value of fidelity bond covering the plan	2018-12-31	$1,000,000
Total contributions received or receivable from participants	2018-12-31	$316,813
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-304,487
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-1,498,650
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$3,830,180
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$5,310,632
Assets. Value of participant loans	2018-12-31	$46,599
Total contributions received or receivable from employer(s)	2018-12-31	$237,074
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$4,814

Form 5500 Responses for LAREDO ENERGY 401(K) PLAN

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

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Company Name:	LAREDO ENERGY OPERATING, LLC
Employer identification number (EIN):	464970514
NAIC Classification:	211130
NAIC Description:	Natural Gas Extraction

Jurisdiction of Incorporation:	Texas Secretary of State
Incorporation Date:	2014-02-07
Company Identification Number:	0801930260
Legal Registered Office Address:	840 W SAM HOUSTON PKWY N STE 400 HOUSTON United States of America (USA) 77024