401k Plan data: GLOBE ENERGY RETIREMENT PLAN plan

GLOBE ENERGY RETIREMENT PLAN 401k Plan overview

Plan Name	GLOBE ENERGY RETIREMENT PLAN
Plan identification number	001

GLOBE ENERGY RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

GRAVITY OILFIELD SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name: GRAVITY OILFIELD SERVICES, INC.

Employer identification number (EIN): 811267443

NAIC Classification: 213110
NAIC Description: Support Activities for Mining

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GLOBE ENERGY RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01 TRUDIE HINKLE
001 2017-01-01 TRUDIE HINKLE
001 2016-01-01 TRUDIE HINKLE TRUDIE HINKLE 2017-10-14

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2017-01-01	TRUDIE HINKLE
001	2017-01-01	TRUDIE HINKLE
001	2016-01-01	TRUDIE HINKLE	TRUDIE HINKLE	2017-10-14

Plan Statistics for GLOBE ENERGY RETIREMENT PLAN

401k plan membership statisitcs for GLOBE ENERGY RETIREMENT PLAN

Measure Date Value
2017: GLOBE ENERGY RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 1,096
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 0
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 0
Total of all active and inactive participants 2017-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 0
Total participants 2017-01-01 0
Number of participants with account balances 2017-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 275
2016: GLOBE ENERGY RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 1,259
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 872
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 199
Total of all active and inactive participants 2016-01-01 1,071
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 1,071
Number of participants with account balances 2016-01-01 1,057
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 270

Measure	Date	Value
2017: GLOBE ENERGY RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	1,096
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	0
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	0
Total of all active and inactive participants	2017-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	0
Total participants	2017-01-01	0
Number of participants with account balances	2017-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	275
2016: GLOBE ENERGY RETIREMENT PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	1,259
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	872
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	199
Total of all active and inactive participants	2016-01-01	1,071
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	1,071
Number of participants with account balances	2016-01-01	1,057
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	270

Financial Data on GLOBE ENERGY RETIREMENT PLAN

Measure	Date	Value
2017 : GLOBE ENERGY RETIREMENT PLAN 2017 401k financial data
Total transfer of assets from this plan	2017-12-31	$11,929,503
Total income from all sources (including contributions)	2017-12-31	$3,893,631
Total of all expenses incurred	2017-12-31	$2,953,929
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2017-12-31	$2,816,122
Expenses. Certain deemed distributions of participant loans	2017-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2017-12-31	$2,166,493
Value of total assets at end of year	2017-12-31	$11,929,504
Value of total assets at beginning of year	2017-12-31	$10,989,802
Total of administrative expenses incurred including professional, contract, advisory and management fees	2017-12-31	$137,807
Total interest from all sources	2017-12-31	$31,103
Total dividends received (eg from common stock, registered investment company shares)	2017-12-31	$263,211
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2017-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2017-12-31	$263,211
Was this plan covered by a fidelity bond	2017-12-31	Yes
Value of fidelity bond cover	2017-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2017-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2017-12-31	No
Contributions received from participants	2017-12-31	$2,033,259
Participant contributions at end of year	2017-12-31	$686,038
Participant contributions at beginning of year	2017-12-31	$853,472
Participant contributions at end of year	2017-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2017-12-31	$133,234
Value of other receiveables (less allowance for doubtful accounts) at end of year	2017-12-31	$0
Other income not declared elsewhere	2017-12-31	$8,179
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Value of net income/loss	2017-12-31	$939,702
Value of net assets at end of year (total assets less liabilities)	2017-12-31	$11,929,504
Value of net assets at beginning of year (total assets less liabilities)	2017-12-31	$10,989,802
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2017-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2017-12-31	No
Were any leases to which the plan was party in default or uncollectible	2017-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2017-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2017-12-31	$671,362
Interest on participant loans	2017-12-31	$31,103
Value of interest in common/collective trusts at end of year	2017-12-31	$0
Value of interest in common/collective trusts at beginning of year	2017-12-31	$9,464,968
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2017-12-31	$11,243,466
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2017-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2017-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2017-12-31	$1,263,621
Net investment gain or loss from common/collective trusts	2017-12-31	$161,024
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2017-12-31	No
Was there a failure to transmit to the plan any participant contributions	2017-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2017-12-31	No
Contributions received in cash from employer	2017-12-31	$0
Employer contributions (assets) at end of year	2017-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2017-12-31	$2,816,122
Contract administrator fees	2017-12-31	$137,807
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2017-12-31	Yes
Did the plan have assets held for investment	2017-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2017-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2017-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2017-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2017-12-31	Disclaimer
Accountancy firm name	2017-12-31	BDO USA, LLP
Accountancy firm EIN	2017-12-31	135381590
2016 : GLOBE ENERGY RETIREMENT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets	2016-12-31	$0
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	$3,088,198
Total loss/gain on sale of assets	2016-12-31	$0
Total of all expenses incurred	2016-12-31	$3,472,597
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2016-12-31	$3,415,473
Expenses. Certain deemed distributions of participant loans	2016-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2016-12-31	$2,337,171
Value of total assets at end of year	2016-12-31	$10,989,802
Value of total assets at beginning of year	2016-12-31	$11,374,201
Total of administrative expenses incurred including professional, contract, advisory and management fees	2016-12-31	$57,124
Total interest from all sources	2016-12-31	$23,719
Total dividends received (eg from common stock, registered investment company shares)	2016-12-31	$6,824
Total dividends received from registered investment company shares (eg mutual funds)	2016-12-31	$6,824
Was this plan covered by a fidelity bond	2016-12-31	Yes
Value of fidelity bond cover	2016-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2016-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2016-12-31	No
Contributions received from participants	2016-12-31	$2,014,681
Participant contributions at end of year	2016-12-31	$853,472
Participant contributions at beginning of year	2016-12-31	$866,265
Participant contributions at end of year	2016-12-31	$0
Participant contributions at beginning of year	2016-12-31	$175
Income. Received or receivable in cash from other sources (including rollovers)	2016-12-31	$322,490
Value of other receiveables (less allowance for doubtful accounts) at end of year	2016-12-31	$0
Other income not declared elsewhere	2016-12-31	$21,476
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Value of net income/loss	2016-12-31	$-384,399
Value of net assets at end of year (total assets less liabilities)	2016-12-31	$10,989,802
Value of net assets at beginning of year (total assets less liabilities)	2016-12-31	$11,374,201
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2016-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2016-12-31	No
Were any leases to which the plan was party in default or uncollectible	2016-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2016-12-31	$671,362
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2016-12-31	$737,599
Interest on participant loans	2016-12-31	$23,719
Value of interest in common/collective trusts at end of year	2016-12-31	$9,464,968
Value of interest in common/collective trusts at beginning of year	2016-12-31	$9,770,162
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2016-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2016-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2016-12-31	$60,349
Net investment gain or loss from common/collective trusts	2016-12-31	$638,659
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2016-12-31	No
Was there a failure to transmit to the plan any participant contributions	2016-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2016-12-31	No
Contributions received in cash from employer	2016-12-31	$0
Employer contributions (assets) at end of year	2016-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2016-12-31	$3,415,473
Contract administrator fees	2016-12-31	$57,124
Did the plan have assets held for investment	2016-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2016-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2016-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2016-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2016-12-31	Disclaimer
Accountancy firm name	2016-12-31	BDO USA, LLP
Accountancy firm EIN	2016-12-31	135381590

Form 5500 Responses for GLOBE ENERGY RETIREMENT PLAN

2017: GLOBE ENERGY RETIREMENT PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	Yes
2017-01-01	This submission is the final filing	Yes
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: GLOBE ENERGY RETIREMENT PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 65935 )

Policy contract number

MR 62383 - 1

Policy instance

Insurance contract or identification number	MR 62383 - 1
Number of Individuals Covered	0
Insurance policy start date	2017-01-01
Insurance policy end date	2017-12-31
Total amount of commissions paid to insurance broker	USD $1,690
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
Commission paid to Insurance Broker	USD $1,487
Additional information about fees paid to insurance broker	BROKER COMMISSIONS
Insurance broker organization code?	3
Insurance broker name	TODD EUGENE HOLT

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Company Name:	GRAVITY OILFIELD SERVICES, INC.
Employer identification number (EIN):	811267443
NAIC Classification:	213110
NAIC Description:	Support Activities for Mining