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THE ROWAN PENSION PLAN 401k Plan overview

Plan NameTHE ROWAN PENSION PLAN
Plan identification number 001

THE ROWAN PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

ROWAN COMPANIES, INC. has sponsored the creation of one or more 401k plans.

Company Name:ROWAN COMPANIES, INC.
Employer identification number (EIN):750759420
NAIC Classification:211120
NAIC Description:Crude Petroleum Extraction

Additional information about ROWAN COMPANIES, INC.

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 0418601

More information about ROWAN COMPANIES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE ROWAN PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01
0012019-01-01
0012018-01-01
0012017-01-01GARY L. MARSH
0012016-01-01GARY L. MARSH
0012015-01-01GARY L. MARSH
0012014-01-01GARY L. MARSH
0012012-01-01GARY L. MARSH JOHN KEVIN BARTOL2013-10-15
0012011-01-01GARY L. MARSH JOHN KEVIN BARTOL2012-10-15
0012009-01-01GARY L. MARSH WILLIAM H. WELLS2010-10-14
0012009-01-01GARY L. MARSH WILLIAM H. WELLS2010-10-15

Plan Statistics for THE ROWAN PENSION PLAN

401k plan membership statisitcs for THE ROWAN PENSION PLAN

Measure Date Value
2019: THE ROWAN PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-31531,241,305
Acturial value of plan assets2019-12-31559,751,566
Funding target for retired participants and beneficiaries receiving payment2019-12-31422,366,265
Number of terminated vested participants2019-12-311,235
Fundng target for terminated vested participants2019-12-31109,477,379
Active participant vested funding target2019-12-31117,388,439
Number of active participants2019-12-311,048
Total funding liabilities for active participants2019-12-31117,388,439
Total participant count2019-12-314,480
Total funding target for all participants2019-12-31649,232,083
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-311,595
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-311,686
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-3120,768,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-3119,857,145
Liquidity shortfalls end of Q12019-12-310
Liquidity shortfalls end of Q22019-12-310
Liquidity shortfalls end of Q32019-12-310
Liquidity shortfalls end of Q42019-12-310
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-313,310,740
Net shortfall amortization installment of oustanding balance2019-12-3189,480,517
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-3124,588,066
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-3124,588,066
Contributions allocatedtoward minimum required contributions for current year2019-12-3119,857,145
Unpaid minimum required contributions for current year2019-12-314,730,921
Unpaid minimum required contributions for all years2019-12-314,730,921
Total participants, beginning-of-year2019-01-014,449
Total number of active participants reported on line 7a of the Form 55002019-01-01866
Number of retired or separated participants receiving benefits2019-01-011,849
Number of other retired or separated participants entitled to future benefits2019-01-011,214
Total of all active and inactive participants2019-01-013,929
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01331
Total participants2019-01-014,260
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011
2018: THE ROWAN PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-31611,643,921
Acturial value of plan assets2018-12-31570,571,799
Funding target for retired participants and beneficiaries receiving payment2018-12-31396,533,187
Number of terminated vested participants2018-12-311,398
Fundng target for terminated vested participants2018-12-31117,667,559
Active participant vested funding target2018-12-31119,596,824
Number of active participants2018-12-311,180
Total funding liabilities for active participants2018-12-31119,602,995
Total participant count2018-12-314,762
Total funding target for all participants2018-12-31633,803,741
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-312,873
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-313,044
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-3115,052,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3114,618,221
Liquidity shortfalls end of Q12018-12-310
Liquidity shortfalls end of Q22018-12-310
Liquidity shortfalls end of Q32018-12-310
Liquidity shortfalls end of Q42018-12-310
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-316,977,506
Net shortfall amortization installment of oustanding balance2018-12-3163,231,942
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-3114,616,626
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-3114,616,626
Contributions allocatedtoward minimum required contributions for current year2018-12-3114,618,221
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
Total participants, beginning-of-year2018-01-014,724
Total number of active participants reported on line 7a of the Form 55002018-01-011,048
Number of retired or separated participants receiving benefits2018-01-011,851
Number of other retired or separated participants entitled to future benefits2018-01-011,226
Total of all active and inactive participants2018-01-014,125
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-01324
Total participants2018-01-014,449
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-016
2017: THE ROWAN PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-31552,151,183
Acturial value of plan assets2017-12-31561,121,554
Funding target for retired participants and beneficiaries receiving payment2017-12-31377,608,242
Number of terminated vested participants2017-12-311,455
Fundng target for terminated vested participants2017-12-31116,311,021
Active participant vested funding target2017-12-31115,459,498
Number of active participants2017-12-311,470
Total funding liabilities for active participants2017-12-31116,828,828
Total participant count2017-12-315,085
Total funding target for all participants2017-12-31610,748,091
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-31711
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31755
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-3122,379,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3121,513,700
Liquidity shortfalls end of Q12017-12-310
Liquidity shortfalls end of Q22017-12-310
Liquidity shortfalls end of Q32017-12-310
Liquidity shortfalls end of Q42017-12-310
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3112,236,937
Net shortfall amortization installment of oustanding balance2017-12-3149,626,537
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-3121,510,827
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-3121,510,827
Contributions allocatedtoward minimum required contributions for current year2017-12-3121,513,700
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
Total participants, beginning-of-year2017-01-015,008
Total number of active participants reported on line 7a of the Form 55002017-01-011,173
Number of retired or separated participants receiving benefits2017-01-011,851
Number of other retired or separated participants entitled to future benefits2017-01-011,386
Total of all active and inactive participants2017-01-014,410
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01314
Total participants2017-01-014,724
Number of participants with account balances2017-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0135
2016: THE ROWAN PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-31552,688,861
Acturial value of plan assets2016-12-31579,587,054
Funding target for retired participants and beneficiaries receiving payment2016-12-31351,626,790
Number of terminated vested participants2016-12-311,646
Fundng target for terminated vested participants2016-12-31126,689,124
Active participant vested funding target2016-12-31120,231,331
Number of active participants2016-12-311,721
Total funding liabilities for active participants2016-12-31124,173,065
Total participant count2016-12-315,488
Total funding target for all participants2016-12-31602,488,979
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-315,844,031
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-315,844,031
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-31177
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31178
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-3124,485,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-3123,214,911
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3115,544,299
Net shortfall amortization installment of oustanding balance2016-12-3122,901,925
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-3123,214,200
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-3123,214,200
Contributions allocatedtoward minimum required contributions for current year2016-12-3123,214,911
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310
Total participants, beginning-of-year2016-01-015,238
Total number of active participants reported on line 7a of the Form 55002016-01-011,425
Number of retired or separated participants receiving benefits2016-01-011,835
Number of other retired or separated participants entitled to future benefits2016-01-011,441
Total of all active and inactive participants2016-01-014,701
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-01307
Total participants2016-01-015,008
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0173
2015: THE ROWAN PENSION PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-015,327
Total number of active participants reported on line 7a of the Form 55002015-01-011,499
Number of retired or separated participants receiving benefits2015-01-011,810
Number of other retired or separated participants entitled to future benefits2015-01-011,631
Total of all active and inactive participants2015-01-014,940
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-01298
Total participants2015-01-015,238
Number of participants with account balances2015-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0145
2014: THE ROWAN PENSION PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-015,424
Total number of active participants reported on line 7a of the Form 55002014-01-011,438
Number of retired or separated participants receiving benefits2014-01-011,755
Number of other retired or separated participants entitled to future benefits2014-01-011,852
Total of all active and inactive participants2014-01-015,045
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-01282
Total participants2014-01-015,327
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0118
2012: THE ROWAN PENSION PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-014,324
Total number of active participants reported on line 7a of the Form 55002012-01-011,240
Number of retired or separated participants receiving benefits2012-01-011,735
Number of other retired or separated participants entitled to future benefits2012-01-012,759
Total of all active and inactive participants2012-01-015,734
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-01269
Total participants2012-01-016,003
Number of participants with account balances2012-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-0114
2011: THE ROWAN PENSION PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-014,239
Total number of active participants reported on line 7a of the Form 55002011-01-011,131
Number of retired or separated participants receiving benefits2011-01-011,187
Number of other retired or separated participants entitled to future benefits2011-01-011,815
Total of all active and inactive participants2011-01-014,133
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-01146
Total participants2011-01-014,279
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0120
2009: THE ROWAN PENSION PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-014,176
Total number of active participants reported on line 7a of the Form 55002009-01-011,682
Number of retired or separated participants receiving benefits2009-01-011,104
Number of other retired or separated participants entitled to future benefits2009-01-011,189
Total of all active and inactive participants2009-01-013,975
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-01129
Total participants2009-01-014,104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-01103

Financial Data on THE ROWAN PENSION PLAN

Measure Date Value
2019 : THE ROWAN PENSION PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$30,793
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$30,793
Total unrealized appreciation/depreciation of assets2019-12-31$30,793
Total unrealized appreciation/depreciation of assets2019-12-31$30,793
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$126,510,380
Total loss/gain on sale of assets2019-12-31$0
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$49,868,680
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$46,167,802
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$46,167,802
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$26,039,000
Value of total assets at end of year2019-12-31$607,884,995
Value of total assets at beginning of year2019-12-31$531,243,295
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$3,700,878
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$3,700,878
Total interest from all sources2019-12-31$81,064
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$3,449,109
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$3,449,109
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$3,449,017
Administrative expenses professional fees incurred2019-12-31$346,421
Administrative expenses professional fees incurred2019-12-31$346,421
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Assets. Other investments not covered elsewhere at end of year2019-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$1,853,684
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$3,943
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$3,943
Administrative expenses (other) incurred2019-12-31$2,899,804
Administrative expenses (other) incurred2019-12-31$2,899,804
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$76,641,700
Value of net income/loss2019-12-31$76,641,700
Value of net assets at end of year (total assets less liabilities)2019-12-31$607,884,995
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$531,243,295
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$531,243,295
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Assets. partnership/joint venture interests at end of year2019-12-31$67,707,368
Assets. partnership/joint venture interests at beginning of year2019-12-31$28,771,105
Investment advisory and management fees2019-12-31$454,653
Investment advisory and management fees2019-12-31$454,653
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$77,654,580
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$108,699,625
Interest earned on other investments2019-12-31$307
Value of interest in common/collective trusts at end of year2019-12-31$439,065,451
Value of interest in common/collective trusts at beginning of year2019-12-31$388,629,886
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$6,529,074
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$4,130,928
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$4,130,928
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$4,130,928
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$4,130,928
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$80,757
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$14,799,778
Net investment gain or loss from common/collective trusts2019-12-31$82,110,636
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31Yes
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$26,039,000
Employer contributions (assets) at end of year2019-12-31$15,074,000
Employer contributions (assets) at end of year2019-12-31$15,074,000
Employer contributions (assets) at beginning of year2019-12-31$1,007,000
Employer contributions (assets) at beginning of year2019-12-31$1,007,000
Income. Dividends from common stock2019-12-31$92
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$46,167,802
Contract administrator fees2019-12-31$0
Contract administrator fees2019-12-31$0
Assets. Corporate common stocks other than exployer securities at end of year2019-12-31$838
Assets. Corporate common stocks other than exployer securities at beginning of year2019-12-31$808
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MCCONNELL & JONES, LLP
Accountancy firm name2019-12-31MCCONNELL & JONES, LLP
Accountancy firm EIN2019-12-31760488832
Accountancy firm EIN2019-12-31760488832
2018 : THE ROWAN PENSION PLAN 2018 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$5,593
Total unrealized appreciation/depreciation of assets2018-12-31$5,593
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$-21,427,624
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$59,024,684
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$54,993,801
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$15,052,000
Value of total assets at end of year2018-12-31$531,243,295
Value of total assets at beginning of year2018-12-31$611,695,603
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$4,030,883
Total interest from all sources2018-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$4,098,613
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$4,098,521
Administrative expenses professional fees incurred2018-12-31$1,210,655
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$3,943
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$5,173
Administrative expenses (other) incurred2018-12-31$2,820,228
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-80,452,308
Value of net assets at end of year (total assets less liabilities)2018-12-31$531,243,295
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$611,695,603
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Assets. partnership/joint venture interests at end of year2018-12-31$28,771,105
Assets. partnership/joint venture interests at beginning of year2018-12-31$68,320,924
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$108,699,625
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$78,127,003
Value of interest in common/collective trusts at end of year2018-12-31$388,629,886
Value of interest in common/collective trusts at beginning of year2018-12-31$453,152,442
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$4,130,928
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$6,158,205
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$6,158,205
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-11,068,595
Net investment gain or loss from common/collective trusts2018-12-31$-29,515,235
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31Yes
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$15,052,000
Employer contributions (assets) at end of year2018-12-31$1,007,000
Employer contributions (assets) at beginning of year2018-12-31$5,931,000
Income. Dividends from common stock2018-12-31$92
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$54,993,801
Assets. Corporate common stocks other than exployer securities at end of year2018-12-31$808
Assets. Corporate common stocks other than exployer securities at beginning of year2018-12-31$856
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MCCONNELL & JONES, LLP
Accountancy firm EIN2018-12-31760488832
2017 : THE ROWAN PENSION PLAN 2017 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$6,150
Total unrealized appreciation/depreciation of assets2017-12-31$6,150
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$114,107,384
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$54,802,206
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$50,885,509
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$22,379,000
Value of total assets at end of year2017-12-31$611,695,603
Value of total assets at beginning of year2017-12-31$552,390,425
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$3,916,697
Total interest from all sources2017-12-31$34,131
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$3,332,226
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$3,332,111
Administrative expenses professional fees incurred2017-12-31$234,731
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$5,173
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Administrative expenses (other) incurred2017-12-31$3,113,068
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$59,305,178
Value of net assets at end of year (total assets less liabilities)2017-12-31$611,695,603
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$552,390,425
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Assets. partnership/joint venture interests at end of year2017-12-31$68,320,924
Assets. partnership/joint venture interests at beginning of year2017-12-31$57,821,512
Investment advisory and management fees2017-12-31$568,898
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$78,127,003
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$73,033,313
Value of interest in common/collective trusts at end of year2017-12-31$453,152,442
Value of interest in common/collective trusts at beginning of year2017-12-31$406,634,749
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$6,158,205
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$4,580,790
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$4,580,790
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$34,131
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$14,551,810
Net investment gain or loss from common/collective trusts2017-12-31$73,804,067
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31Yes
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$22,379,000
Employer contributions (assets) at end of year2017-12-31$5,931,000
Employer contributions (assets) at beginning of year2017-12-31$10,319,000
Income. Dividends from common stock2017-12-31$115
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$50,885,509
Assets. Corporate common stocks other than exployer securities at end of year2017-12-31$856
Assets. Corporate common stocks other than exployer securities at beginning of year2017-12-31$1,061
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MCCONNELL & JONES, LLP
Accountancy firm EIN2017-12-31760488832
2016 : THE ROWAN PENSION PLAN 2016 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$2,692,720
Total unrealized appreciation/depreciation of assets2016-12-31$2,692,720
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$62,293,653
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$62,707,132
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$58,829,750
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$24,485,000
Value of total assets at end of year2016-12-31$552,390,425
Value of total assets at beginning of year2016-12-31$552,803,904
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$3,877,382
Total interest from all sources2016-12-31$6,568
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$3,958,271
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$3,958,271
Administrative expenses professional fees incurred2016-12-31$255,438
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$19
Other income not declared elsewhere2016-12-31$3,624
Administrative expenses (other) incurred2016-12-31$3,108,653
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-413,479
Value of net assets at end of year (total assets less liabilities)2016-12-31$552,390,425
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$552,803,904
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Assets. partnership/joint venture interests at end of year2016-12-31$57,821,512
Assets. partnership/joint venture interests at beginning of year2016-12-31$63,692,440
Investment advisory and management fees2016-12-31$513,291
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$73,033,313
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$76,135,771
Value of interest in common/collective trusts at end of year2016-12-31$406,634,749
Value of interest in common/collective trusts at beginning of year2016-12-31$395,729,392
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$4,580,790
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$11,862,388
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$11,862,388
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$6,568
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$-565,374
Net investment gain or loss from common/collective trusts2016-12-31$31,712,844
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31Yes
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$24,485,000
Employer contributions (assets) at end of year2016-12-31$10,319,000
Employer contributions (assets) at beginning of year2016-12-31$5,383,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$58,829,750
Assets. Corporate common stocks other than exployer securities at end of year2016-12-31$1,061
Assets. Corporate common stocks other than exployer securities at beginning of year2016-12-31$894
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MCCONNELL & JONES, LLP
Accountancy firm EIN2016-12-31760488832
2015 : THE ROWAN PENSION PLAN 2015 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$3,671,170
Total unrealized appreciation/depreciation of assets2015-12-31$3,671,170
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$17,301,062
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$53,738,128
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$50,074,674
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$13,705,000
Value of total assets at end of year2015-12-31$552,803,904
Value of total assets at beginning of year2015-12-31$589,240,970
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$3,663,454
Total interest from all sources2015-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$3,812,037
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$3,812,037
Administrative expenses professional fees incurred2015-12-31$268,310
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Assets. Other investments not covered elsewhere at end of year2015-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$87,620
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$19
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$75
Administrative expenses (other) incurred2015-12-31$2,747,205
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-36,437,066
Value of net assets at end of year (total assets less liabilities)2015-12-31$552,803,904
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$589,240,970
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Assets. partnership/joint venture interests at end of year2015-12-31$63,692,440
Assets. partnership/joint venture interests at beginning of year2015-12-31$56,424,258
Investment advisory and management fees2015-12-31$647,939
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$76,135,771
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$86,324,934
Value of interest in common/collective trusts at end of year2015-12-31$395,729,392
Value of interest in common/collective trusts at beginning of year2015-12-31$438,075,557
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$11,862,388
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$8,327,511
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$8,327,511
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$1,973,297
Net investment gain or loss from common/collective trusts2015-12-31$-5,860,442
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31Yes
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$13,705,000
Employer contributions (assets) at end of year2015-12-31$5,383,000
Employer contributions (assets) at beginning of year2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$50,074,674
Assets. Corporate common stocks other than exployer securities at end of year2015-12-31$894
Assets. Corporate common stocks other than exployer securities at beginning of year2015-12-31$1,015
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MCCONNELL & JONES, L.L.P.
Accountancy firm EIN2015-12-31760488832
2014 : THE ROWAN PENSION PLAN 2014 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$-5,189,660
Total unrealized appreciation/depreciation of assets2014-12-31$-5,189,660
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$2,249,735
Total income from all sources (including contributions)2014-12-31$29,954,614
Total loss/gain on sale of assets2014-12-31$5,692,733
Total of all expenses incurred2014-12-31$33,569,090
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$31,143,873
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$0
Value of total assets at end of year2014-12-31$589,240,970
Value of total assets at beginning of year2014-12-31$595,105,181
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$2,425,217
Total interest from all sources2014-12-31$62,305
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$2,917,708
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$313,276
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$5,000,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Assets. Other investments not covered elsewhere at end of year2014-12-31$87,620
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$100,255
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$75
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$28,184
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$2,249,735
Other income not declared elsewhere2014-12-31$-6,159
Administrative expenses (other) incurred2014-12-31$1,623,460
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-3,614,476
Value of net assets at end of year (total assets less liabilities)2014-12-31$589,240,970
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$592,855,446
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Assets. partnership/joint venture interests at end of year2014-12-31$56,424,258
Assets. partnership/joint venture interests at beginning of year2014-12-31$107,405,024
Investment advisory and management fees2014-12-31$488,481
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$86,324,934
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$65,828,165
Interest on participant loans2014-12-31$61,973
Value of interest in common/collective trusts at end of year2014-12-31$438,075,557
Value of interest in common/collective trusts at beginning of year2014-12-31$361,197,488
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$8,327,511
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$10,140,065
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$10,140,065
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$332
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$2,928,001
Net investment gain or loss from common/collective trusts2014-12-31$23,549,686
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31Yes
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Employer contributions (assets) at end of year2014-12-31$0
Employer contributions (assets) at beginning of year2014-12-31$50,406,000
Income. Dividends from common stock2014-12-31$2,917,708
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$31,143,873
Assets. Corporate common stocks other than exployer securities at end of year2014-12-31$1,015
Assets. Corporate common stocks other than exployer securities at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$5,692,733
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MCCONNELL & JONES, L.L.P.
Accountancy firm EIN2014-12-31760488832
2013 : THE ROWAN PENSION PLAN 2013 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$7,926,155
Total unrealized appreciation/depreciation of assets2013-12-31$7,926,155
Total transfer of assets to this plan2013-12-31$45,912,045
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$2,249,735
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$122,900,041
Total loss/gain on sale of assets2013-12-31$10,822,883
Total of all expenses incurred2013-12-31$42,187,793
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$39,301,400
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$50,406,000
Value of total assets at end of year2013-12-31$595,105,181
Value of total assets at beginning of year2013-12-31$466,231,153
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$2,886,393
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$4,532,832
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$4,532,832
Administrative expenses professional fees incurred2013-12-31$344,220
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$2,500,000
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Assets. Other investments not covered elsewhere at end of year2013-12-31$100,255
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$28,184
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$2,249,735
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$54,875
Administrative expenses (other) incurred2013-12-31$1,748,591
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$80,712,248
Value of net assets at end of year (total assets less liabilities)2013-12-31$592,855,446
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$466,231,153
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Assets. partnership/joint venture interests at end of year2013-12-31$107,405,024
Assets. partnership/joint venture interests at beginning of year2013-12-31$0
Investment advisory and management fees2013-12-31$793,582
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$65,828,165
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$0
Value of interest in master investment trust accounts at end of year2013-12-31$0
Value of interest in master investment trust accounts at beginning of year2013-12-31$448,520,153
Value of interest in common/collective trusts at end of year2013-12-31$361,197,488
Value of interest in common/collective trusts at beginning of year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$10,140,065
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$28,047,669
Net investment gain or loss from common/collective trusts2013-12-31$21,109,627
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31Yes
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$50,406,000
Employer contributions (assets) at end of year2013-12-31$50,406,000
Employer contributions (assets) at beginning of year2013-12-31$17,711,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$39,301,400
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$102,797,738
Aggregate carrying amount (costs) on sale of assets2013-12-31$91,974,855
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MCCONNELL & JONES, L.L.P.
Accountancy firm EIN2013-12-31760488832
2012 : THE ROWAN PENSION PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$67,261,026
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$27,894,815
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$26,673,982
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$17,711,000
Value of total assets at end of year2012-12-31$466,231,153
Value of total assets at beginning of year2012-12-31$426,864,942
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$1,220,833
Total interest from all sources2012-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$158,988
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$2,500,000
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Administrative expenses (other) incurred2012-12-31$1,061,845
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$39,366,211
Value of net assets at end of year (total assets less liabilities)2012-12-31$466,231,153
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$426,864,942
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 master investment trust accounts at end of year2012-12-31$448,520,153
Value of interest in master investment trust accounts at beginning of year2012-12-31$389,709,942
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
Contributions received in cash from employer2012-12-31$17,711,000
Employer contributions (assets) at end of year2012-12-31$17,711,000
Employer contributions (assets) at beginning of year2012-12-31$37,155,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$26,673,982
Did the plan have assets held for investment2012-12-31No
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)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MCCONNELL & JONES, L.L.P.
Accountancy firm EIN2012-12-31760488832
2011 : THE ROWAN PENSION 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$36,660,945
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$22,298,171
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$21,528,909
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$37,155,000
Value of total assets at end of year2011-12-31$426,864,942
Value of total assets at beginning of year2011-12-31$412,502,168
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$769,262
Total interest from all sources2011-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
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$231,257
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$2,500,000
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
Administrative expenses (other) incurred2011-12-31$538,005
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$14,362,774
Value of net assets at end of year (total assets less liabilities)2011-12-31$426,864,942
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$412,502,168
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 master investment trust accounts at end of year2011-12-31$389,709,942
Value of interest in master investment trust accounts at beginning of year2011-12-31$366,292,168
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
Contributions received in cash from employer2011-12-31$37,155,000
Employer contributions (assets) at end of year2011-12-31$37,155,000
Employer contributions (assets) at beginning of year2011-12-31$46,210,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$21,528,909
Did the plan have assets held for investment2011-12-31No
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 name2011-12-31MCCONNELL & JONES, L.L.P.
Accountancy firm EIN2011-12-31760488832
2010 : THE ROWAN PENSION PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
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$108,161,880
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$20,131,418
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$18,977,191
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$63,781,000
Value of total assets at end of year2010-12-31$412,502,168
Value of total assets at beginning of year2010-12-31$324,471,706
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$1,154,227
Total interest from all sources2010-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
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$267,653
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$2,500,000
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
Administrative expenses (other) incurred2010-12-31$886,574
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$88,030,462
Value of net assets at end of year (total assets less liabilities)2010-12-31$412,502,168
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$324,471,706
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 master investment trust accounts at end of year2010-12-31$366,292,168
Value of interest in master investment trust accounts at beginning of year2010-12-31$295,067,706
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$63,781,000
Employer contributions (assets) at end of year2010-12-31$46,210,000
Employer contributions (assets) at beginning of year2010-12-31$29,404,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$18,977,191
Did the plan have assets held for investment2010-12-31No
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 name2010-12-31MCCONNELL & JONES, L.L.P.
Accountancy firm EIN2010-12-31760488832
2009 : THE ROWAN PENSION 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 THE ROWAN PENSION PLAN

2019: THE ROWAN PENSION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: THE ROWAN PENSION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: THE ROWAN PENSION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: THE ROWAN PENSION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: THE ROWAN PENSION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: THE ROWAN PENSION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2012: THE ROWAN PENSION 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 – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: THE ROWAN PENSION 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
2009: THE ROWAN PENSION 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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