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NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA 401k Plan overview

Plan NameNATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA
Plan identification number 001

NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.

401k Sponsoring company profile

NATIONAL OIL AND GAS, INC. has sponsored the creation of one or more 401k plans.

Company Name:NATIONAL OIL AND GAS, INC.
Employer identification number (EIN):350540872
NAIC Classification:424700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-12-31TIMOTHY L. DRAYER2020-05-20 TIMOTHY L DRAYER2020-05-20
0012017-12-31TIMOTHY L. DRAYER2019-09-17 TIMOTHY L. DRAYER2019-09-17
0012016-12-31TIMOTHY L. DRAYER2018-10-01 TIMOTHY L. DRAYER2018-10-01
0012015-12-31TIMOTHY L. DRAYER2017-09-22 TIMOTHY L. DRAYER2017-09-22
0012014-12-31TIMOTHY L. DRAYER2016-10-10 TIMOTHY L. DRAYER2016-10-10
0012013-12-31TIMOTHY DRAYER2015-09-16 TIMOTHY DRAYER2015-09-16
0012012-12-31TIMOTHY DRAYER2015-09-16 TIMOTHY DRAYER2015-09-16
0012011-12-31TIMOTHY DRAYER2013-08-27 TIMOTHY DRAYER2013-08-27
0012010-12-31TIMOTHY DRAYER2012-09-24
0012008-12-31

Plan Statistics for NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA

401k plan membership statisitcs for NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA

Measure Date Value
2018: NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA 2018 401k membership
Market value of plan assets2018-12-304,154,558
Acturial value of plan assets2018-12-304,154,558
Funding target for retired participants and beneficiaries receiving payment2018-12-30349,122
Number of terminated vested participants2018-12-305
Fundng target for terminated vested participants2018-12-30308,195
Active participant vested funding target2018-12-303,721,237
Number of active participants2018-12-3069
Total funding liabilities for active participants2018-12-303,857,277
Total participant count2018-12-3078
Total funding target for all participants2018-12-304,514,594
Balance at beginning of prior year after applicable adjustments2018-12-306,980
Prefunding balance at beginning of prior year after applicable adjustments2018-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-300
Prefunding balanced used to offset prior years funding requirement2018-12-300
Amount remaining of carryover balance2018-12-306,980
Amount remaining of prefunding balance2018-12-300
Present value of excess contributions2018-12-30168,660
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-30179,033
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-300
Reductions in caryover balances due to elections or deemed elections2018-12-300
Reductions in prefunding balances due to elections or deemed elections2018-12-300
Balance of carryovers at beginning of current year2018-12-307,624
Balance of prefunding at beginning of current year2018-12-300
Total employer contributions2018-12-30558,413
Total employee contributions2018-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-300
Contributions made to avoid restrictions adjusted to valuation date2018-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-30535,390
Unpaid minimum required contributions for all prior years2018-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-300
Remaining amount of unpaid minimum required contributions2018-12-300
Minimum required contributions for current year target normal cost2018-12-30364,473
Net shortfall amortization installment of oustanding balance2018-12-30367,660
Waiver amortization installment2018-12-300
Total funding amount beforereflecting carryover/prefunding balances2018-12-30446,942
Carryover balance elected to use to offset funding requirement2018-12-300
Prefunding balance elected to use to offset funding requirement2018-12-300
Additional cash requirement2018-12-30446,942
Contributions allocatedtoward minimum required contributions for current year2018-12-30535,390
Unpaid minimum required contributions for current year2018-12-300
Unpaid minimum required contributions for all years2018-12-300
2017: NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA 2017 401k membership
Market value of plan assets2017-12-303,729,002
Acturial value of plan assets2017-12-303,729,002
Funding target for retired participants and beneficiaries receiving payment2017-12-30372,552
Number of terminated vested participants2017-12-301
Fundng target for terminated vested participants2017-12-30137,773
Active participant vested funding target2017-12-303,453,310
Number of active participants2017-12-3069
Total funding liabilities for active participants2017-12-303,593,346
Total participant count2017-12-3074
Total funding target for all participants2017-12-304,103,671
Balance at beginning of prior year after applicable adjustments2017-12-306,943
Prefunding balance at beginning of prior year after applicable adjustments2017-12-300
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-300
Prefunding balanced used to offset prior years funding requirement2017-12-300
Amount remaining of carryover balance2017-12-306,943
Amount remaining of prefunding balance2017-12-300
Present value of excess contributions2017-12-30120,437
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-30128,085
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-300
Reductions in caryover balances due to elections or deemed elections2017-12-300
Reductions in prefunding balances due to elections or deemed elections2017-12-300
Balance of carryovers at beginning of current year2017-12-306,980
Balance of prefunding at beginning of current year2017-12-300
Total employer contributions2017-12-30632,002
Total employee contributions2017-12-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-300
Contributions made to avoid restrictions adjusted to valuation date2017-12-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-30603,129
Unpaid minimum required contributions for all prior years2017-12-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-300
Remaining amount of unpaid minimum required contributions2017-12-300
Minimum required contributions for current year target normal cost2017-12-30358,950
Net shortfall amortization installment of oustanding balance2017-12-30381,649
Waiver amortization installment2017-12-300
Total funding amount beforereflecting carryover/prefunding balances2017-12-30434,469
Carryover balance elected to use to offset funding requirement2017-12-300
Prefunding balance elected to use to offset funding requirement2017-12-300
Additional cash requirement2017-12-30434,469
Contributions allocatedtoward minimum required contributions for current year2017-12-30603,129
Unpaid minimum required contributions for current year2017-12-300
Unpaid minimum required contributions for all years2017-12-300

Form 5500 Responses for NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA

2008: NATIONAL OIL AND GAS, INC. EMPLOYEES' PENSION PLA 2008 form 5500 responses
2008-12-31Type of plan entitySingle employer plan
2008-12-31Submission has been amendedNo
2008-12-31This submission is the final filingNo
2008-12-31This return/report is a short plan year return/report (less than 12 months)No
2008-12-31Plan is a collectively bargained planNo

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