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WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameWDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN
Plan identification number 001

WDC EXPLORATION & WELLS 401(K) RETIREMENT 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.
  • 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

WDC EXPLORATION & WELLS has sponsored the creation of one or more 401k plans.

Company Name:WDC EXPLORATION & WELLS
Employer identification number (EIN):942199997
NAIC Classification:238900

Additional information about WDC EXPLORATION & WELLS

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2005-06-01
Company Identification Number: 0800499822
Legal Registered Office Address: 500 MAIN ST

WOODLAND
United States of America (USA)
95695

More information about WDC EXPLORATION & WELLS

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012013-01-01RAY IMBSEN2014-07-14
0012012-01-01RAY IMBSEN
0012011-01-01RAY IMBSEN
0012010-01-01RAY IMBSEN
0012009-01-01RAY IMBSEN

Plan Statistics for WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN

401k plan membership statisitcs for WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN

Measure Date Value
2012: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01226
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 benefits2012-01-0199
Total of all active and inactive participants2012-01-0199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0199
Number of participants with account balances2012-01-0199
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010
2011: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01242
Total number of active participants reported on line 7a of the Form 55002011-01-01174
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0139
Total of all active and inactive participants2011-01-01213
Total participants2011-01-01213
Number of participants with account balances2011-01-01134
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010
2010: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-01268
Total number of active participants reported on line 7a of the Form 55002010-01-01170
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0172
Total of all active and inactive participants2010-01-01242
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01242
Number of participants with account balances2010-01-01156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01269
Total number of active participants reported on line 7a of the Form 55002009-01-01216
Number of other retired or separated participants entitled to future benefits2009-01-0148
Total of all active and inactive participants2009-01-01264
Total participants2009-01-01264
Number of participants with account balances2009-01-01183
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN

Measure Date Value
2012 : WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$950,271
Total of all expenses incurred2012-12-31$2,979,094
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$2,931,491
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$301,065
Value of total assets at end of year2012-12-31$3,809,183
Value of total assets at beginning of year2012-12-31$5,838,006
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$47,603
Total interest from all sources2012-12-31$10,408
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2012-12-31$0
Administrative expenses professional fees incurred2012-12-31$47,603
Was this plan covered by a fidelity bond2012-12-31No
If this is an individual account plan, was there a blackout period2012-12-31No
Funding deficiency by the employer to the plan for this plan year2012-12-31$0
Minimum employer required contribution for this plan year2012-12-31$0
Amount contributed by the employer to the plan for this plan year2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$213,270
Participant contributions at end of year2012-12-31$198,021
Participant contributions at beginning of year2012-12-31$387,385
Participant contributions at beginning of year2012-12-31$6,864
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$87,795
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$3,182
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$-2,028,823
Value of net assets at end of year (total assets less liabilities)2012-12-31$3,809,183
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$5,838,006
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in pooled separate accounts at end of year2012-12-31$3,611,162
Value of interest in pooled separate accounts at beginning of year2012-12-31$4,801,998
Interest on participant loans2012-12-31$10,408
Value of interest in common/collective trusts at beginning of year2012-12-31$638,577
Net investment gain/loss from pooled separate accounts2012-12-31$638,798
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$2,931,491
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31WDC EXPLORATION & WELLS
Accountancy firm EIN2012-12-31942199997
2011 : WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2011 401k financial data
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$86,700
Total of all expenses incurred2011-12-31$1,333,739
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,306,196
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$337,378
Value of total assets at end of year2011-12-31$5,838,006
Value of total assets at beginning of year2011-12-31$7,085,045
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$27,543
Total interest from all sources2011-12-31$15,108
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$27,543
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$500,000
If this is an individual account plan, was there a blackout period2011-12-31No
Funding deficiency by the employer to the plan for this plan year2011-12-31$0
Minimum employer required contribution for this plan year2011-12-31$0
Amount contributed by the employer to the plan for this plan year2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$328,499
Participant contributions at end of year2011-12-31$387,385
Participant contributions at beginning of year2011-12-31$370,764
Participant contributions at end of year2011-12-31$6,864
Participant contributions at beginning of year2011-12-31$6,781
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$8,879
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$3,182
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$3,182
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-1,247,039
Value of net assets at end of year (total assets less liabilities)2011-12-31$5,838,006
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$7,085,045
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 pooled separate accounts at end of year2011-12-31$4,801,998
Value of interest in pooled separate accounts at beginning of year2011-12-31$6,113,173
Interest on participant loans2011-12-31$15,108
Value of interest in common/collective trusts at end of year2011-12-31$638,577
Value of interest in common/collective trusts at beginning of year2011-12-31$591,145
Net investment gain/loss from pooled separate accounts2011-12-31$-265,786
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
Employer contributions (assets) at beginning of year2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,306,196
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 name2011-12-31MOSS ADAMS LLP
Accountancy firm EIN2011-12-31910189318
2010 : WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2010 401k financial data
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$92,685
Total income from all sources (including contributions)2010-12-31$1,519,364
Total of all expenses incurred2010-12-31$1,314,038
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,280,854
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$673,384
Value of total assets at end of year2010-12-31$7,085,045
Value of total assets at beginning of year2010-12-31$6,972,404
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$33,184
Total interest from all sources2010-12-31$18,167
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$33,184
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$500,000
If this is an individual account plan, was there a blackout period2010-12-31No
Funding deficiency by the employer to the plan for this plan year2010-12-31$0
Minimum employer required contribution for this plan year2010-12-31$0
Amount contributed by the employer to the plan for this plan year2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$420,104
Participant contributions at end of year2010-12-31$370,764
Participant contributions at beginning of year2010-12-31$386,056
Participant contributions at end of year2010-12-31$6,781
Participant contributions at beginning of year2010-12-31$14,643
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$224,303
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$3,182
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$3,182
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$92,685
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$205,326
Value of net assets at end of year (total assets less liabilities)2010-12-31$7,085,045
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$6,879,719
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 pooled separate accounts at end of year2010-12-31$6,113,173
Value of interest in pooled separate accounts at beginning of year2010-12-31$5,985,452
Interest on participant loans2010-12-31$18,167
Value of interest in common/collective trusts at end of year2010-12-31$591,145
Value of interest in common/collective trusts at beginning of year2010-12-31$574,203
Net investment gain/loss from pooled separate accounts2010-12-31$827,813
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
Contributions received in cash from employer2010-12-31$28,977
Employer contributions (assets) at end of year2010-12-31$0
Employer contributions (assets) at beginning of year2010-12-31$8,868
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,280,854
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 name2010-12-31MOSS ADAMS LLP
Accountancy firm EIN2010-12-31910189318
2009 : WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2009 401k financial data
Funding deficiency by the employer to the plan for this plan year2009-12-31$0
Minimum employer required contribution for this plan year2009-12-31$0
Amount contributed by the employer to the plan for this plan year2009-12-31$0

Form 5500 Responses for WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN

2012: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: WDC EXPLORATION & WELLS 401(K) RETIREMENT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710071
Policy instance 1
Insurance contract or identification numberGA-710071
Number of Individuals Covered100
Insurance policy start date2012-01-01
Insurance policy end date2012-12-31
Total amount of commissions paid to insurance brokerUSD $15,037
Total amount of fees paid to insurance companyUSD $107
Are there contracts with allocated funds for types other than group deferred annuity or individual?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Other information about contractGROUP ANNUITY CONTRACT
Amount paid for insurance broker fees82
Additional information about fees paid to insurance brokerSALES/MARKETING
Insurance broker organization code?3
Commission paid to Insurance BrokerUSD $15,037
Insurance broker nameMORGANSTANLEY SMITHBARNEY LLC
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710071
Policy instance 1
Insurance contract or identification numberGA-710071
Number of Individuals Covered134
Insurance policy start date2011-01-01
Insurance policy end date2011-12-31
Total amount of commissions paid to insurance brokerUSD $16,771
Total amount of fees paid to insurance companyUSD $101
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
HARTFORD LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 88072 )
Policy contract numberGA-710071
Policy instance 1
Insurance contract or identification numberGA-710071
Number of Individuals Covered159
Insurance policy start date2010-01-01
Insurance policy end date2010-12-31
Total amount of commissions paid to insurance brokerUSD $16,949
Total amount of fees paid to insurance companyUSD $76
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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