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ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN
Plan identification number 001

ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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.
  • 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

ULTERRA DRILLING TECHNOLOGIES, LP has sponsored the creation of one or more 401k plans.

Company Name:ULTERRA DRILLING TECHNOLOGIES, LP
Employer identification number (EIN):751503097
NAIC Classification:331110
NAIC Description:Iron and Steel Mills and Ferroalloy Manufacturing

Form 5500 Filing Information

Submission information for form 5500 for 401k plan ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012012-01-01ROBIN SCARBERRY
0012011-01-01ROBIN SCARBERRY
0012010-01-01ROBIN SCARBERRY
0012009-01-01RON THOMASON RON THOMASON2010-10-08

Plan Statistics for ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Measure Date Value
2012: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01227
Total number of active participants reported on line 7a of the Form 55002012-01-010
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-010
Total of all active and inactive participants2012-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-010
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01170
Total number of active participants reported on line 7a of the Form 55002011-01-01207
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0120
Total of all active and inactive participants2011-01-01227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01227
Number of participants with account balances2011-01-0164
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01143
Total number of active participants reported on line 7a of the Form 55002010-01-01150
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0119
Total of all active and inactive participants2010-01-01169
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01169
Number of participants with account balances2010-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01206
Total number of active participants reported on line 7a of the Form 55002009-01-01121
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0122
Total of all active and inactive participants2009-01-01143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01143
Number of participants with account balances2009-01-0171
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

Measure Date Value
2012 : ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-18$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-18$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-18$0
Total income from all sources (including contributions)2012-12-18$411,343
Total loss/gain on sale of assets2012-12-18$0
Total of all expenses incurred2012-12-18$2,004,736
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-18$1,934,055
Value of total corrective distributions2012-12-18$65,529
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-18$261,068
Value of total assets at end of year2012-12-18$0
Value of total assets at beginning of year2012-12-18$1,593,393
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-18$5,152
Total interest from all sources2012-12-18$4,073
Total dividends received (eg from common stock, registered investment company shares)2012-12-18$12,942
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-18Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-18$0
Total dividends received from registered investment company shares (eg mutual funds)2012-12-18$12,942
Was this plan covered by a fidelity bond2012-12-18Yes
Value of fidelity bond cover2012-12-18$200,000
If this is an individual account plan, was there a blackout period2012-12-18Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-18$0
Were there any nonexempt tranactions with any party-in-interest2012-12-18No
Contributions received from participants2012-12-18$261,002
Participant contributions at end of year2012-12-18$0
Participant contributions at beginning of year2012-12-18$89,881
Participant contributions at end of year2012-12-18$0
Participant contributions at beginning of year2012-12-18$521
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-18No
Value of net income/loss2012-12-18$-1,593,393
Value of net assets at end of year (total assets less liabilities)2012-12-18$0
Value of net assets at beginning of year (total assets less liabilities)2012-12-18$1,593,393
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-18No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-18No
Were any leases to which the plan was party in default or uncollectible2012-12-18No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-18$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-18$1,331,385
Interest on participant loans2012-12-18$4,066
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-18$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-18$171,606
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-18$171,606
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-18$7
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-18$133,260
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-18No
Was there a failure to transmit to the plan any participant contributions2012-12-18No
Has the plan failed to provide any benefit when due under the plan2012-12-18No
Contributions received in cash from employer2012-12-18$66
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-18$1,934,055
Contract administrator fees2012-12-18$5,152
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-18Yes
Did the plan have assets held for investment2012-12-18No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-18No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-18Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-18Yes
Opinion of an independent qualified public accountant for this plan2012-12-18Disclaimer
Accountancy firm name2012-12-18HARTMAN LEITO & BOLT, LLP
Accountancy firm EIN2012-12-18752407989
2011 : ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$293,632
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$223,262
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$222,557
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$337,171
Value of total assets at end of year2011-12-31$1,593,393
Value of total assets at beginning of year2011-12-31$1,523,023
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$705
Total interest from all sources2011-12-31$4,455
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$16,759
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$16,759
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$200,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$337,171
Participant contributions at end of year2011-12-31$89,881
Participant contributions at beginning of year2011-12-31$94,075
Participant contributions at end of year2011-12-31$521
Participant contributions at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$70,370
Value of net assets at end of year (total assets less liabilities)2011-12-31$1,593,393
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$1,523,023
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$1,331,385
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$1,341,862
Interest on participant loans2011-12-31$4,440
Value of interest in common/collective trusts at end of year2011-12-31$0
Value of interest in common/collective trusts at beginning of year2011-12-31$79,924
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$171,606
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$7,162
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$7,162
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$15
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-64,760
Net investment gain or loss from common/collective trusts2011-12-31$7
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$222,557
Contract administrator fees2011-12-31$705
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31HARTMAN LEITO & BOLT, LLP
Accountancy firm EIN2011-12-31752407989
2010 : ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets from this plan2010-12-31$387,915
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$437,815
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$63,027
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$62,402
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$298,111
Value of total assets at end of year2010-12-31$1,523,023
Value of total assets at beginning of year2010-12-31$1,536,150
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$625
Total interest from all sources2010-12-31$7,226
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$13,002
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$13,002
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$100,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$265,747
Participant contributions at end of year2010-12-31$94,075
Participant contributions at beginning of year2010-12-31$120,992
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$15,754
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$32,364
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$374,788
Value of net assets at end of year (total assets less liabilities)2010-12-31$1,523,023
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,536,150
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$1,341,862
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$1,248,613
Interest on participant loans2010-12-31$7,226
Value of interest in common/collective trusts at end of year2010-12-31$79,924
Value of interest in common/collective trusts at beginning of year2010-12-31$131,537
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$7,162
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$19,254
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$19,254
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$118,074
Net investment gain or loss from common/collective trusts2010-12-31$1,402
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$62,402
Contract administrator fees2010-12-31$625
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31HARTMAN LEITO AND BOLT, LLP
Accountancy firm EIN2010-12-31752407989
2009 : ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN

2012: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingYes
2012-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: ULTERRA DRILLING TECHNOLOGIES 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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