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PETROLEX II LLC 401(K) PLAN 401k Plan overview

Plan NamePETROLEX II LLC 401(K) PLAN
Plan identification number 001

PETROLEX II LLC 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.
  • Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PETROLEX II LLC has sponsored the creation of one or more 401k plans.

Company Name:PETROLEX II LLC
Employer identification number (EIN):421531246
NAIC Classification:454310
NAIC Description:Fuel Dealers

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PETROLEX II LLC 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01ANTHONY SANTORO2024-07-19
0012022-01-01ANTHONY SANTORO2023-06-20
0012021-01-01ANTHONY SANTORO2022-09-06
0012020-01-01ANTHONY SANTORO2021-06-07
0012019-01-01ANTHONY SANTORO2020-09-03
0012018-01-01
0012017-01-01MATT VOLPE
0012016-01-01MATT VOLPE
0012015-01-01MATTHEW VOLPE
0012014-01-01MATTHEW VOLPE
0012013-01-01MATTHEW VOLPE
0012012-01-01ANTHONY SANTORO ANTHONY SANTORO2013-10-04
0012011-01-01ANTHONY SANTORO JR2012-07-27 ANTHONY SANTORO JR2012-07-27
0012010-01-01ANTHONY SANTORO JR2011-07-20 ANTHONY SANTORO JR2011-07-20

Plan Statistics for PETROLEX II LLC 401(K) PLAN

401k plan membership statisitcs for PETROLEX II LLC 401(K) PLAN

Measure Date Value
2018: PETROLEX II LLC 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0173
Total number of active participants reported on line 7a of the Form 55002018-01-0168
Number of other retired or separated participants entitled to future benefits2018-01-019
Total of all active and inactive participants2018-01-0177
Total participants2018-01-0177
Number of participants with account balances2018-01-0155
2017: PETROLEX II LLC 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0179
Total number of active participants reported on line 7a of the Form 55002017-01-0164
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-019
Total of all active and inactive participants2017-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-0173
Number of participants with account balances2017-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PETROLEX II LLC 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0162
Total number of active participants reported on line 7a of the Form 55002016-01-0168
Number of other retired or separated participants entitled to future benefits2016-01-0110
Total of all active and inactive participants2016-01-0178
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-0179
Number of participants with account balances2016-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-011
2015: PETROLEX II LLC 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0173
Total number of active participants reported on line 7a of the Form 55002015-01-0152
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0110
Total of all active and inactive participants2015-01-0162
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0162
Number of participants with account balances2015-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011
2014: PETROLEX II LLC 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0188
Total number of active participants reported on line 7a of the Form 55002014-01-0166
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-017
Total of all active and inactive participants2014-01-0173
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0173
Number of participants with account balances2014-01-0149
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PETROLEX II LLC 401(K) PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0172
Total number of active participants reported on line 7a of the Form 55002013-01-0179
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-019
Total of all active and inactive participants2013-01-0188
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0188
Number of participants with account balances2013-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PETROLEX II LLC 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0166
Total number of active participants reported on line 7a of the Form 55002012-01-0165
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-017
Total of all active and inactive participants2012-01-0172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0172
Number of participants with account balances2012-01-0151
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-010

Financial Data on PETROLEX II LLC 401(K) PLAN

Measure Date Value
2018 : PETROLEX II LLC 401(K) PLAN 2018 401k financial data
Transfers to/from the plan2018-12-31$0
Total plan liabilities at end of year2018-12-31$0
Total plan liabilities at beginning of year2018-12-31$0
Total income from all sources2018-12-31$259,731
Expenses. Total of all expenses incurred2018-12-31$345,114
Benefits paid (including direct rollovers)2018-12-31$319,494
Total plan assets at end of year2018-12-31$2,712,326
Total plan assets at beginning of year2018-12-31$2,797,709
Value of fidelity bond covering the plan2018-12-31$500,000
Total contributions received or receivable from participants2018-12-31$184,447
Expenses. Other expenses not covered elsewhere2018-12-31$0
Contributions received from other sources (not participants or employers)2018-12-31$178,105
Other income received2018-12-31$-152,059
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-85,383
Net plan assets at end of year (total assets less liabilities)2018-12-31$2,712,326
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$2,797,709
Assets. Value of participant loans2018-12-31$58,434
Total contributions received or receivable from employer(s)2018-12-31$49,238
Value of certain deemed distributions of participant loans2018-12-31$0
Value of corrective distributions2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$25,620
2017 : PETROLEX II LLC 401(K) PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$609,326
Expenses. Total of all expenses incurred2017-12-31$98,449
Benefits paid (including direct rollovers)2017-12-31$80,891
Total plan assets at end of year2017-12-31$2,797,709
Total plan assets at beginning of year2017-12-31$2,286,832
Value of fidelity bond covering the plan2017-12-31$500,000
Assets. Value of tangible personal property2017-12-31$0
Total contributions received or receivable from participants2017-12-31$156,608
Assets. Value of loans (other than to participants)2017-12-31$0
Expenses. Other expenses not covered elsewhere2017-12-31$0
Contributions received from other sources (not participants or employers)2017-12-31$132
Other income received2017-12-31$402,586
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$510,877
Net plan assets at end of year (total assets less liabilities)2017-12-31$2,797,709
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$2,286,832
Assets. Value of participant loans2017-12-31$39,368
Assets. Value of assets in partnership/joint-venture interests2017-12-31$0
Assets. Value of real-estate (other than employer real property)2017-12-31$0
Assets. Value of employer securities2017-12-31$0
Assets. Value of employer real property2017-12-31$0
Total contributions received or receivable from employer(s)2017-12-31$50,000
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$17,558
2016 : PETROLEX II LLC 401(K) PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$522,842
Expenses. Total of all expenses incurred2016-12-31$343,307
Benefits paid (including direct rollovers)2016-12-31$342,769
Total plan assets at end of year2016-12-31$2,286,832
Total plan assets at beginning of year2016-12-31$2,107,297
Value of fidelity bond covering the plan2016-12-31$500,000
Total contributions received or receivable from participants2016-12-31$140,437
Expenses. Other expenses not covered elsewhere2016-12-31$0
Contributions received from other sources (not participants or employers)2016-12-31$161,788
Other income received2016-12-31$141,278
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$179,535
Net plan assets at end of year (total assets less liabilities)2016-12-31$2,286,832
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$2,107,297
Assets. Value of participant loans2016-12-31$12,053
Total contributions received or receivable from employer(s)2016-12-31$79,339
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$538
2015 : PETROLEX II LLC 401(K) PLAN 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$187,306
Expenses. Total of all expenses incurred2015-12-31$335,586
Benefits paid (including direct rollovers)2015-12-31$335,361
Total plan assets at end of year2015-12-31$2,107,297
Total plan assets at beginning of year2015-12-31$2,255,577
Value of fidelity bond covering the plan2015-12-31$500,000
Total contributions received or receivable from participants2015-12-31$166,237
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-28,931
Noncash contributions received2015-12-31$0
Net income (gross income less expenses)2015-12-31$-148,280
Net plan assets at end of year (total assets less liabilities)2015-12-31$2,107,297
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$2,255,577
Assets. Value of participant loans2015-12-31$14,177
Total contributions received or receivable from employer(s)2015-12-31$50,000
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$225
2014 : PETROLEX II LLC 401(K) PLAN 2014 401k financial data
Transfers to/from the plan2014-12-31$0
Total plan liabilities at end of year2014-12-31$0
Total plan liabilities at beginning of year2014-12-31$0
Total income from all sources2014-12-31$262,294
Expenses. Total of all expenses incurred2014-12-31$476,046
Benefits paid (including direct rollovers)2014-12-31$475,316
Total plan assets at end of year2014-12-31$2,255,577
Total plan assets at beginning of year2014-12-31$2,469,329
Value of fidelity bond covering the plan2014-12-31$500,000
Total contributions received or receivable from participants2014-12-31$107,829
Expenses. Other expenses not covered elsewhere2014-12-31$0
Contributions received from other sources (not participants or employers)2014-12-31$0
Other income received2014-12-31$104,465
Noncash contributions received2014-12-31$0
Net income (gross income less expenses)2014-12-31$-213,752
Net plan assets at end of year (total assets less liabilities)2014-12-31$2,255,577
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$2,469,329
Assets. Value of participant loans2014-12-31$26,940
Total contributions received or receivable from employer(s)2014-12-31$50,000
Value of certain deemed distributions of participant loans2014-12-31$324
Value of corrective distributions2014-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2014-12-31$406
2013 : PETROLEX II LLC 401(K) PLAN 2013 401k financial data
Transfers to/from the plan2013-12-31$0
Total plan liabilities at end of year2013-12-31$0
Total income from all sources2013-12-31$511,073
Expenses. Total of all expenses incurred2013-12-31$288,663
Benefits paid (including direct rollovers)2013-12-31$287,982
Total plan assets at end of year2013-12-31$2,469,329
Total plan assets at beginning of year2013-12-31$2,246,919
Value of fidelity bond covering the plan2013-12-31$500,000
Total contributions received or receivable from participants2013-12-31$102,819
Expenses. Other expenses not covered elsewhere2013-12-31$0
Contributions received from other sources (not participants or employers)2013-12-31$95,514
Other income received2013-12-31$312,740
Noncash contributions received2013-12-31$0
Net income (gross income less expenses)2013-12-31$222,410
Net plan assets at end of year (total assets less liabilities)2013-12-31$2,469,329
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$2,246,919
Assets. Value of participant loans2013-12-31$47,085
Total contributions received or receivable from employer(s)2013-12-31$0
Value of certain deemed distributions of participant loans2013-12-31$0
Value of corrective distributions2013-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$681
2012 : PETROLEX II LLC 401(K) PLAN 2012 401k financial data
Total income from all sources2012-12-31$412,169
Expenses. Total of all expenses incurred2012-12-31$677,028
Benefits paid (including direct rollovers)2012-12-31$675,910
Total plan assets at end of year2012-12-31$2,246,919
Total plan assets at beginning of year2012-12-31$2,511,778
Total contributions received or receivable from participants2012-12-31$121,223
Other income received2012-12-31$247,892
Net income (gross income less expenses)2012-12-31$-264,859
Net plan assets at end of year (total assets less liabilities)2012-12-31$2,246,919
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$2,511,778
Assets. Value of participant loans2012-12-31$44,437
Total contributions received or receivable from employer(s)2012-12-31$43,054
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$1,118
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0

Form 5500 Responses for PETROLEX II LLC 401(K) PLAN

2018: PETROLEX II LLC 401(K) 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: PETROLEX II LLC 401(K) 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: PETROLEX II LLC 401(K) 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: PETROLEX II LLC 401(K) 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: PETROLEX II LLC 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 – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PETROLEX II LLC 401(K) PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PETROLEX II LLC 401(K) 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 funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes

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