401k Plan data: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN plan

QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan Name	QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN
Plan identification number	001

QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN Benefits

401k Plan Type

Defined 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.
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

QUEST RESOURCE CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: QUEST RESOURCE CORPORATION

Employer identification number (EIN): 880182808

NAIC Classification: 211110
NAIC Description: Oil and Gas Extraction, Oil

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2009-01-01 DANI SHIELDS DAVID KLVAC 2010-10-14
001 2009-01-01 DANI SHIELDS DAVID KLVAC 2010-10-11
001 2009-01-01 DANI SHIELDS DAVID KLVAC 2010-10-14
001 2008-01-01 DAVID KLVAC
001 2007-01-01 DAVID KLVAC
001 2006-01-01 DAVID KLVAC
001 2005-01-01 DAVID KLVAC

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2009-01-01	DANI SHIELDS	DAVID KLVAC	2010-10-14
001	2009-01-01	DANI SHIELDS	DAVID KLVAC	2010-10-11
001	2009-01-01	DANI SHIELDS	DAVID KLVAC	2010-10-14
001	2008-01-01	DAVID KLVAC
001	2007-01-01	DAVID KLVAC
001	2006-01-01	DAVID KLVAC
001	2005-01-01	DAVID KLVAC

Plan Statistics for QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN

Measure Date Value
2009: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 526
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 271
Number of retired or separated participants receiving benefits 2009-01-01 53
Number of other retired or separated participants entitled to future benefits 2009-01-01 203
Total of all active and inactive participants 2009-01-01 527
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 527
Number of participants with account balances 2009-01-01 526
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 36
2008: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year 2008-01-01 424
Total number of active participants reported on line 7a of the Form 5500 2008-01-01 280
Number of retired or separated participants receiving benefits 2008-01-01 31
Number of other retired or separated participants entitled to future benefits 2008-01-01 180
Total of all active and inactive participants 2008-01-01 491
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2008-01-01 0
Total participants 2008-01-01 491
Number of participants with account balances 2008-01-01 485
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2008-01-01 79
2007: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 406
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 299
Number of retired or separated participants receiving benefits 2007-01-01 24
Number of other retired or separated participants entitled to future benefits 2007-01-01 101
Total of all active and inactive participants 2007-01-01 424
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2007-01-01 0
Total participants 2007-01-01 424
Number of participants with account balances 2007-01-01 418
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 75
2006: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2006 401k membership
Total participants, beginning-of-year 2006-01-01 225
Total number of active participants reported on line 7a of the Form 5500 2006-01-01 277
Number of retired or separated participants receiving benefits 2006-01-01 0
Number of other retired or separated participants entitled to future benefits 2006-01-01 58
Total of all active and inactive participants 2006-01-01 335
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2006-01-01 0
Total participants 2006-01-01 335
Number of participants with account balances 2006-01-01 328
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2006-01-01 41
2005: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2005 401k membership
Total participants, beginning-of-year 2005-01-01 164
Total number of active participants reported on line 7a of the Form 5500 2005-01-01 149
Number of retired or separated participants receiving benefits 2005-01-01 0
Number of other retired or separated participants entitled to future benefits 2005-01-01 43
Total of all active and inactive participants 2005-01-01 192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2005-01-01 1
Total participants 2005-01-01 193
Number of participants with account balances 2005-01-01 191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2005-01-01 30

Measure	Date	Value
2009: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	526
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	271
Number of retired or separated participants receiving benefits	2009-01-01	53
Number of other retired or separated participants entitled to future benefits	2009-01-01	203
Total of all active and inactive participants	2009-01-01	527
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	527
Number of participants with account balances	2009-01-01	526
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	36
2008: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2008 401k membership
Total participants, beginning-of-year	2008-01-01	424
Total number of active participants reported on line 7a of the Form 5500	2008-01-01	280
Number of retired or separated participants receiving benefits	2008-01-01	31
Number of other retired or separated participants entitled to future benefits	2008-01-01	180
Total of all active and inactive participants	2008-01-01	491
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2008-01-01	0
Total participants	2008-01-01	491
Number of participants with account balances	2008-01-01	485
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2008-01-01	79
2007: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	406
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	299
Number of retired or separated participants receiving benefits	2007-01-01	24
Number of other retired or separated participants entitled to future benefits	2007-01-01	101
Total of all active and inactive participants	2007-01-01	424
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2007-01-01	0
Total participants	2007-01-01	424
Number of participants with account balances	2007-01-01	418
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	75
2006: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2006 401k membership
Total participants, beginning-of-year	2006-01-01	225
Total number of active participants reported on line 7a of the Form 5500	2006-01-01	277
Number of retired or separated participants receiving benefits	2006-01-01	0
Number of other retired or separated participants entitled to future benefits	2006-01-01	58
Total of all active and inactive participants	2006-01-01	335
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2006-01-01	0
Total participants	2006-01-01	335
Number of participants with account balances	2006-01-01	328
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2006-01-01	41
2005: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2005 401k membership
Total participants, beginning-of-year	2005-01-01	164
Total number of active participants reported on line 7a of the Form 5500	2005-01-01	149
Number of retired or separated participants receiving benefits	2005-01-01	0
Number of other retired or separated participants entitled to future benefits	2005-01-01	43
Total of all active and inactive participants	2005-01-01	192
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2005-01-01	1
Total participants	2005-01-01	193
Number of participants with account balances	2005-01-01	191
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2005-01-01	30

Financial Data on QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN

Measure	Date	Value
2010 : QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources (including contributions)	2010-12-31	$1,427,656
Total loss/gain on sale of assets	2010-12-31	$463,179
Total of all expenses incurred	2010-12-31	$1,043,902
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$1,043,702
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$964,465
Value of total assets at end of year	2010-12-31	$4,628,119
Value of total assets at beginning of year	2010-12-31	$4,244,365
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$200
Total interest from all sources	2010-12-31	$12
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$602,769
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$76,067
Administrative expenses (other) incurred	2010-12-31	$200
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$383,754
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$4,628,119
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$4,244,365
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$4,519,618
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$4,110,800
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$93,717
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$93,898
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$93,898
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$12
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$285,629
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$1,043,702
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$14,784
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$39,667
Did the plan have assets held for investment	2010-12-31	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	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$463,179
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	BRISCOE, BURKE & GRIGSBY, LLP
Accountancy firm EIN	2010-12-31	731293012

Form 5500 Responses for QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN

2009: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes
2008: QUEST RESOURCE CORPORATION 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 – Trust	Yes
2008-01-01	Plan benefit arrangement - Trust	Yes
2007: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
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 – Trust	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes
2006: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2006 form 5500 responses
2006-01-01	Type of plan entity	Single employer plan
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 – Trust	Yes
2006-01-01	Plan benefit arrangement - Trust	Yes
2005: QUEST RESOURCE CORPORATION 401(K) PROFIT SHARING PLAN 2005 form 5500 responses
2005-01-01	Type of plan entity	Single employer plan
2005-01-01	Submission has been amended	Yes
2005-01-01	This submission is the final filing	No
2005-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2005-01-01	Plan is a collectively bargained plan	No
2005-01-01	Plan funding arrangement – Insurance	Yes
2005-01-01	Plan funding arrangement – Trust	Yes
2005-01-01	Plan benefit arrangement – Insurance	Yes
2005-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	QUEST RESOURCE CORPORATION
Employer identification number (EIN):	880182808
NAIC Classification:	211110
NAIC Description:	Oil and Gas Extraction, Oil