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TRAXENERGY INC SH 401K PSP 401k Plan overview

Plan NameTRAXENERGY INC SH 401K PSP
Plan identification number 001

TRAXENERGY INC SH 401K PSP 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.

401k Sponsoring company profile

TRAX ENERGY INC. has sponsored the creation of one or more 401k plans.

Company Name:TRAX ENERGY INC.
Employer identification number (EIN):467308010
NAIC Classification:562000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRAXENERGY INC SH 401K PSP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012014-03-01JOHN W. DOBBINS
0012014-01-01JOHN W. DOBBINS

Plan Statistics for TRAXENERGY INC SH 401K PSP

401k plan membership statisitcs for TRAXENERGY INC SH 401K PSP

Measure Date Value
2014: TRAXENERGY INC SH 401K PSP 2014 401k membership
Total participants, beginning-of-year2014-03-010
Total number of active participants reported on line 7a of the Form 55002014-03-014
Total of all active and inactive participants2014-03-014
Total participants2014-03-014
Number of participants with account balances2014-03-014
Total participants, beginning-of-year2014-01-010
Total number of active participants reported on line 7a of the Form 55002014-01-014
Total of all active and inactive participants2014-01-014
Total participants2014-01-014
Number of participants with account balances2014-01-014

Financial Data on TRAXENERGY INC SH 401K PSP

Measure Date Value
2014 : TRAXENERGY INC SH 401K PSP 2014 401k financial data
Total income from all sources2014-12-31$388,738
Expenses. Total of all expenses incurred2014-12-31$2,495
Total plan assets at end of year2014-12-31$386,243
Value of fidelity bond covering the plan2014-12-31$100,000
Total contributions received or receivable from participants2014-12-31$25,550
Expenses. Other expenses not covered elsewhere2014-12-31$2,495
Contributions received from other sources (not participants or employers)2014-12-31$331,704
Other income received2014-12-31$7,184
Net income (gross income less expenses)2014-12-31$386,243
Net plan assets at end of year (total assets less liabilities)2014-12-31$386,243
Total contributions received or receivable from employer(s)2014-12-31$24,300

Form 5500 Responses for TRAXENERGY INC SH 401K PSP

2014: TRAXENERGY INC SH 401K PSP 2014 form 5500 responses
2014-03-01Type of plan entitySingle employer plan
2014-03-01First time form 5500 has been submittedYes
2014-03-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-03-01Plan funding arrangement – TrustYes
2014-03-01Plan benefit arrangement - TrustYes
2014-01-01Type of plan entitySingle employer plan
2014-01-01First time form 5500 has been submittedYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes

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