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NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 401k Plan overview

Plan NameNITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN
Plan identification number 001

NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • 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

NITRO LIFT TECHNOLOGIES, LLC has sponsored the creation of one or more 401k plans.

Company Name:NITRO LIFT TECHNOLOGIES, LLC
Employer identification number (EIN):204353669
NAIC Classification:211120
NAIC Description:Crude Petroleum Extraction

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01SUZANNE L ANDERSON2024-07-12
0012022-01-01SUZANNE L ANDERSON2023-08-27
0012021-01-01SUZANNE L ANDERSON2022-08-31
0012020-01-01SUZANNE L ANDERSON2021-06-30
0012019-01-01JENNIFER LEE2020-09-28
0012018-01-01JENNIFER LEE2019-10-14
0012018-01-01JENNIFER LEE2019-10-29
0012018-01-01JENNIFER LEE2019-09-26
0012018-01-01JENNIFER LEE2019-08-01
0012018-01-01JENNIFER LEE2019-12-05
0012017-01-01JENNIFER LEE2018-07-31
0012016-01-01JENNIFER LEE
0012016-01-01
0012016-01-01
0012016-01-01
0012015-01-01JENNIFER LEE
0012015-01-01
0012014-01-01FRIEDA CRAWFORD
0012014-01-01
0012014-01-01FRIEDA CRAWFORD
0012013-01-01WANDA CARLSON2014-06-27 WANDA CARLSON2014-06-27
0012012-01-01EDWARD LAMB2013-08-29 EDWARD LAMB2013-08-29
0012011-01-01EDWARD LAMB2012-10-08 EDWARD LAMB2012-10-08
0012010-01-01EDWARD LAMB2011-07-28 EDWARD LAMB2011-07-28

Plan Statistics for NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN

401k plan membership statisitcs for NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN

Measure Date Value
2016: NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01126
Total number of active participants reported on line 7a of the Form 55002016-01-0144
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0115
Total of all active and inactive participants2016-01-0159
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0159
Number of participants with account balances2016-01-0156
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-013
2015: NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01156
Total number of active participants reported on line 7a of the Form 55002015-01-0147
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0177
Total of all active and inactive participants2015-01-01124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01124
Number of participants with account balances2015-01-01119
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-0147
2014: NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01345
Total number of active participants reported on line 7a of the Form 55002014-01-01326
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0154
Total of all active and inactive participants2014-01-01380
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01380
Number of participants with account balances2014-01-01151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0117

Financial Data on NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN

Measure Date Value
2016 : NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total transfer of assets from this plan2016-12-31$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$226,228
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$209,170
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$199,174
Expenses. Certain deemed distributions of participant loans2016-12-31$150
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$131,871
Value of total assets at end of year2016-12-31$1,005,041
Value of total assets at beginning of year2016-12-31$987,983
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$9,846
Total interest from all sources2016-12-31$6,526
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$23,997
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$23,997
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$99,000
If this is an individual account plan, was there a blackout period2016-12-31No
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
Contributions received from participants2016-12-31$110,342
Participant contributions at end of year2016-12-31$126,515
Participant contributions at beginning of year2016-12-31$154,551
Participant contributions at beginning of year2016-12-31$200
Other income not declared elsewhere2016-12-31$3,145
Administrative expenses (other) incurred2016-12-31$9,846
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$17,058
Value of net assets at end of year (total assets less liabilities)2016-12-31$1,005,041
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$987,983
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$517,690
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$789,279
Interest on participant loans2016-12-31$6,526
Value of interest in common/collective trusts at end of year2016-12-31$360,836
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$43,903
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$43,903
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$10,269
Net investment gain or loss from common/collective trusts2016-12-31$50,420
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
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$21,529
Employer contributions (assets) at beginning of year2016-12-31$50
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$199,174
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 name2016-12-31TURNER, STONE & COMPANY, LLC
Accountancy firm EIN2016-12-31752608885
2015 : NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total transfer of assets from this plan2015-12-31$0
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$183,701
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$279,279
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$262,783
Expenses. Certain deemed distributions of participant loans2015-12-31$2,865
Value of total corrective distributions2015-12-31$11,047
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$186,224
Value of total assets at end of year2015-12-31$987,983
Value of total assets at beginning of year2015-12-31$1,083,561
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$2,584
Total interest from all sources2015-12-31$5,537
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$64,275
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$64,275
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$109,000
If this is an individual account plan, was there a blackout period2015-12-31No
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
Contributions received from participants2015-12-31$130,289
Participant contributions at end of year2015-12-31$154,551
Participant contributions at beginning of year2015-12-31$96,433
Participant contributions at end of year2015-12-31$200
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$15,809
Administrative expenses (other) incurred2015-12-31$2,584
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-95,578
Value of net assets at end of year (total assets less liabilities)2015-12-31$987,983
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$1,083,561
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$789,279
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$944,806
Interest on participant loans2015-12-31$5,536
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$43,903
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$42,322
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$42,322
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-72,335
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
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$40,126
Employer contributions (assets) at end of year2015-12-31$50
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$262,783
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 name2015-12-31TURNER, STONE & COMPANY, LLC
Accountancy firm EIN2015-12-31752608885
2014 : NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets from this plan2014-12-31$0
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$0
Total income from all sources (including contributions)2014-12-31$172,926
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$238,257
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$233,026
Value of total corrective distributions2014-12-31$4,206
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$221,983
Value of total assets at end of year2014-12-31$1,083,561
Value of total assets at beginning of year2014-12-31$1,148,892
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$1,025
Total interest from all sources2014-12-31$1,923
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$49,532
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$49,532
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$115,000
If this is an individual account plan, was there a blackout period2014-12-31Yes
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
Contributions received from participants2014-12-31$184,534
Participant contributions at end of year2014-12-31$96,433
Participant contributions at beginning of year2014-12-31$87,400
Participant contributions at beginning of year2014-12-31$34,307
Other income not declared elsewhere2014-12-31$-99,612
Administrative expenses (other) incurred2014-12-31$1,025
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-65,331
Value of net assets at end of year (total assets less liabilities)2014-12-31$1,083,561
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$1,148,892
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$944,806
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$1,061,492
Interest on participant loans2014-12-31$1,923
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$42,322
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$-900
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31Yes
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$37,449
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$233,026
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31Yes
Liabilities. Value of benefit claims payable at end of year2014-12-31$10,877
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
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 name2014-12-31GRAY, BLODGETT & COMPANY, PLLC
Accountancy firm EIN2014-12-31731352810

Form 5500 Responses for NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN

2016: NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedYes
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: NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
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: NITRO LIFT TECHNOLOGIES, LLC PROFIT SHARING 401(K) 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 – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes

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