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OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameOIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN
Plan identification number 002

OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined 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

OIL & GAS CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:OIL & GAS CORPORATION
Employer identification number (EIN):850153990
NAIC Classification:423400

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022021-01-01DREW DEGNER2022-07-07
0022020-01-01MIKE DEGNER2021-06-29
0022019-01-01MIKE DEGNER2020-06-30
0022018-01-01MIKE DEGNER2019-07-10
0022017-01-01MIKE DEGNER2018-07-09
0022016-01-01MIKE DEGNER2017-06-12
0022015-01-01MICHAEL DEGNER2016-08-03
0022014-01-01MICHAEL DEGNER2015-08-17
0022013-01-01MICHAEL DEGNER
0022012-01-01MICHAEL DEGNER
0022011-01-01MICHAEL DEGNER MICHAEL DEGNER2012-06-01
0022010-01-01MICHAEL DEGNER MICHAEL DEGNER2011-07-28
0022009-01-01MICHAEL DEGNER MICHAEL DEGNER2010-10-12
0022009-01-01MICHAEL DEGNER MICHAEL DEGNER2010-10-11

Plan Statistics for OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN

Measure Date Value
2013: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0146
Total number of active participants reported on line 7a of the Form 55002013-01-0132
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0111
Total of all active and inactive participants2013-01-0143
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0143
Number of participants with account balances2013-01-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-012
2012: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0146
Total number of active participants reported on line 7a of the Form 55002012-01-0136
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0110
Total of all active and inactive participants2012-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0146
Number of participants with account balances2012-01-0143
2011: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0146
Total number of active participants reported on line 7a of the Form 55002011-01-0135
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0111
Total of all active and inactive participants2011-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0146
Number of participants with account balances2011-01-0144
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2010: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0142
Total number of active participants reported on line 7a of the Form 55002010-01-0135
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0111
Total of all active and inactive participants2010-01-0146
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0146
Number of participants with account balances2010-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0140
Total number of active participants reported on line 7a of the Form 55002009-01-0131
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0111
Total of all active and inactive participants2009-01-0142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0142
Number of participants with account balances2009-01-0142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN

Measure Date Value
2013 : OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources2013-12-31$695,449
Expenses. Total of all expenses incurred2013-12-31$1,086,921
Benefits paid (including direct rollovers)2013-12-31$1,063,150
Total plan assets at end of year2013-12-31$2,965,264
Total plan assets at beginning of year2013-12-31$3,356,736
Value of fidelity bond covering the plan2013-12-31$300,000
Total contributions received or receivable from participants2013-12-31$193,656
Other income received2013-12-31$365,651
Net income (gross income less expenses)2013-12-31$-391,472
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,965,264
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$3,356,736
Assets. Value of participant loans2013-12-31$59,122
Total contributions received or receivable from employer(s)2013-12-31$136,142
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$23,771
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at beginning of year2012-12-31$18,157
Total income from all sources2012-12-31$567,369
Expenses. Total of all expenses incurred2012-12-31$164,836
Benefits paid (including direct rollovers)2012-12-31$134,913
Total plan assets at end of year2012-12-31$3,356,736
Total plan assets at beginning of year2012-12-31$2,972,360
Value of fidelity bond covering the plan2012-12-31$300,000
Total contributions received or receivable from participants2012-12-31$165,471
Contributions received from other sources (not participants or employers)2012-12-31$20,500
Other income received2012-12-31$253,789
Net income (gross income less expenses)2012-12-31$402,533
Net plan assets at end of year (total assets less liabilities)2012-12-31$3,356,736
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,954,203
Assets. Value of participant loans2012-12-31$83,508
Total contributions received or receivable from employer(s)2012-12-31$127,609
Value of certain deemed distributions of participant loans2012-12-31$13,937
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$15,986
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at end of year2011-12-31$18,157
Total plan liabilities at beginning of year2011-12-31$15,141
Total income from all sources2011-12-31$287,037
Expenses. Total of all expenses incurred2011-12-31$87,399
Benefits paid (including direct rollovers)2011-12-31$68,992
Total plan assets at end of year2011-12-31$2,972,360
Total plan assets at beginning of year2011-12-31$2,769,706
Value of fidelity bond covering the plan2011-12-31$300,000
Total contributions received or receivable from participants2011-12-31$161,329
Contributions received from other sources (not participants or employers)2011-12-31$11,242
Other income received2011-12-31$-12,965
Net income (gross income less expenses)2011-12-31$199,638
Net plan assets at end of year (total assets less liabilities)2011-12-31$2,954,203
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$2,754,565
Assets. Value of participant loans2011-12-31$115,564
Total contributions received or receivable from employer(s)2011-12-31$127,431
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$18,407
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at end of year2010-12-31$15,141
Total plan liabilities at beginning of year2010-12-31$15,811
Total income from all sources2010-12-31$487,939
Expenses. Total of all expenses incurred2010-12-31$15,291
Total plan assets at end of year2010-12-31$2,769,706
Total plan assets at beginning of year2010-12-31$2,297,728
Value of fidelity bond covering the plan2010-12-31$300,000
Total contributions received or receivable from participants2010-12-31$133,776
Other income received2010-12-31$236,933
Net income (gross income less expenses)2010-12-31$472,648
Net plan assets at end of year (total assets less liabilities)2010-12-31$2,754,565
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$2,281,917
Assets. Value of participant loans2010-12-31$138,787
Total contributions received or receivable from employer(s)2010-12-31$117,230
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$15,291
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : OIL & GAS CORPORATION EMPLOYEES 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 OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN

2013: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: OIL & GAS CORPORATION EMPLOYEES 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 filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: OIL & GAS CORPORATION EMPLOYEES 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 – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
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 – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: OIL & GAS CORPORATION EMPLOYEES 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
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 – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number48249
Policy instance 1
Insurance contract or identification number48249
Number of Individuals Covered0
Insurance policy start date2012-01-01
Insurance policy end date2012-12-03
Total amount of commissions paid to insurance brokerUSD $14,318
Total amount of fees paid to insurance companyUSD $609
Are there contracts with allocated funds for individual policies?No
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractGROUP VARIABLE CONTRACT
Commission paid to Insurance BrokerUSD $14,318
Insurance broker organization code?4
Amount paid for insurance broker fees485
Additional information about fees paid to insurance brokerFOURM COMP
Insurance broker nameVANGUARD GROUP, INC.
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number48249
Policy instance 1
Insurance contract or identification number48249
Number of Individuals Covered44
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $14,447
Total amount of fees paid to insurance companyUSD $2,662
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractGROUP VARIABLE CONTRACT
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number48249
Policy instance 1
Insurance contract or identification number48249
Number of Individuals Covered45
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $12,028
Total amount of fees paid to insurance companyUSD $1,972
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Are there contracts with unallocated funds for contracts of type guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractGROUP VARIABLE CONTRACT
Commission paid to Insurance BrokerUSD $12,028
Insurance broker organization code?4
Amount paid for insurance broker fees319
Additional information about fees paid to insurance brokerFEES PAID
Insurance broker nameRETIREMENT CONSULTANTS, LTD.

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