M. G. OIL COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan M. G. OIL COMPANY 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : M. G. OIL COMPANY 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $2,749,537 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $527,579 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $447,582 |
| Value of total corrective distributions | 2023-12-31 | $26,383 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $1,163,595 |
| Value of total assets at end of year | 2023-12-31 | $10,968,716 |
| Value of total assets at beginning of year | 2023-12-31 | $8,746,758 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $53,614 |
| Total interest from all sources | 2023-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $193,141 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $193,141 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $823,826 |
| Participant contributions at end of year | 2023-12-31 | $29,491 |
| Participant contributions at beginning of year | 2023-12-31 | $25,882 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $33,582 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $2,221,958 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $10,968,716 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $8,746,758 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $10,922,072 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $8,712,933 |
| Interest on participant loans | 2023-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2023-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,392,801 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $306,187 |
| Employer contributions (assets) at end of year | 2023-12-31 | $17,153 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $7,943 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $447,582 |
| Contract administrator fees | 2023-12-31 | $53,614 |
| Did the plan have assets held for investment | 2023-12-31 | 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 | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2023-12-31 | 411399624 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-01-01 | $0 |
| Total income from all sources (including contributions) | 2023-01-01 | $2,749,537 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $527,579 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $447,582 |
| Value of total corrective distributions | 2023-01-01 | $26,383 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $1,163,595 |
| Value of total assets at end of year | 2023-01-01 | $10,968,716 |
| Value of total assets at beginning of year | 2023-01-01 | $8,746,758 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $53,614 |
| Total interest from all sources | 2023-01-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $193,141 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $193,141 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $823,826 |
| Participant contributions at end of year | 2023-01-01 | $29,491 |
| Participant contributions at beginning of year | 2023-01-01 | $25,882 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $33,582 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $2,221,958 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $10,968,716 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $8,746,758 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $10,922,072 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $8,712,933 |
| Interest on participant loans | 2023-01-01 | $0 |
| Income. Interest from loans (other than to participants) | 2023-01-01 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,392,801 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $306,187 |
| Employer contributions (assets) at end of year | 2023-01-01 | $17,153 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $7,943 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $447,582 |
| Contract administrator fees | 2023-01-01 | $53,614 |
| Did the plan have assets held for investment | 2023-01-01 | 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 | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2023-01-01 | 411399624 |
| 2022 : M. G. OIL COMPANY 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $-761,865 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $617,153 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $560,164 |
| Value of total corrective distributions | 2022-12-31 | $19,598 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,026,420 |
| Value of total assets at end of year | 2022-12-31 | $8,746,758 |
| Value of total assets at beginning of year | 2022-12-31 | $10,125,776 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $37,391 |
| Total interest from all sources | 2022-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $131,504 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $131,504 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $737,677 |
| Participant contributions at end of year | 2022-12-31 | $25,882 |
| Participant contributions at beginning of year | 2022-12-31 | $23,149 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $47,469 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,379,018 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $8,746,758 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $10,125,776 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $8,712,933 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $10,095,273 |
| Interest on participant loans | 2022-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,919,789 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $241,274 |
| Employer contributions (assets) at end of year | 2022-12-31 | $7,943 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $7,354 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $560,164 |
| Contract administrator fees | 2022-12-31 | $37,391 |
| Did the plan have assets held for investment | 2022-12-31 | 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 | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2022-12-31 | 411399624 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-01-01 | $0 |
| Total income from all sources (including contributions) | 2022-01-01 | $-761,865 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $617,153 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $560,164 |
| Value of total corrective distributions | 2022-01-01 | $19,598 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,026,420 |
| Value of total assets at end of year | 2022-01-01 | $8,746,758 |
| Value of total assets at beginning of year | 2022-01-01 | $10,125,776 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $37,391 |
| Total interest from all sources | 2022-01-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $131,504 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $131,504 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $737,677 |
| Participant contributions at end of year | 2022-01-01 | $25,882 |
| Participant contributions at beginning of year | 2022-01-01 | $23,149 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $47,469 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-1,379,018 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $8,746,758 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $10,125,776 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $8,712,933 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $10,095,273 |
| Interest on participant loans | 2022-01-01 | $0 |
| Income. Interest from loans (other than to participants) | 2022-01-01 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-1,919,789 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $241,274 |
| Employer contributions (assets) at end of year | 2022-01-01 | $7,943 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $7,354 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $560,164 |
| Contract administrator fees | 2022-01-01 | $37,391 |
| Did the plan have assets held for investment | 2022-01-01 | 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 | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2022-01-01 | 411399624 |
| 2021 : M. G. OIL COMPANY 401(K) PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-12-31 | $0 |
| Total income from all sources (including contributions) | 2021-12-31 | $2,063,320 |
| Total loss/gain on sale of assets | 2021-12-31 | $0 |
| Total of all expenses incurred | 2021-12-31 | $735,744 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $682,469 |
| Value of total corrective distributions | 2021-12-31 | $20,036 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $856,896 |
| Value of total assets at end of year | 2021-12-31 | $10,125,776 |
| Value of total assets at beginning of year | 2021-12-31 | $8,798,200 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $33,239 |
| Total interest from all sources | 2021-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-12-31 | $108,639 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2021-12-31 | $108,639 |
| Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
| Value of fidelity bond cover | 2021-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
| Contributions received from participants | 2021-12-31 | $650,479 |
| Participant contributions at end of year | 2021-12-31 | $23,149 |
| Participant contributions at beginning of year | 2021-12-31 | $21,276 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
| Value of net income/loss | 2021-12-31 | $1,327,576 |
| Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $10,125,776 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $8,798,200 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-12-31 | $10,095,273 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-12-31 | $8,769,624 |
| Interest on participant loans | 2021-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2021-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-12-31 | $1,097,785 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
| Contributions received in cash from employer | 2021-12-31 | $206,417 |
| Employer contributions (assets) at end of year | 2021-12-31 | $7,354 |
| Employer contributions (assets) at beginning of year | 2021-12-31 | $7,300 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $682,469 |
| Contract administrator fees | 2021-12-31 | $33,239 |
| Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
| Accountancy firm name | 2021-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2021-12-31 | 411399624 |
| 2020 : M. G. OIL COMPANY 401(K) PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-12-31 | $0 |
| Total income from all sources (including contributions) | 2020-12-31 | $2,088,711 |
| Total loss/gain on sale of assets | 2020-12-31 | $0 |
| Total of all expenses incurred | 2020-12-31 | $566,419 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $519,033 |
| Value of total corrective distributions | 2020-12-31 | $19,454 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $815,294 |
| Value of total assets at end of year | 2020-12-31 | $8,798,200 |
| Value of total assets at beginning of year | 2020-12-31 | $7,275,908 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $27,932 |
| Total interest from all sources | 2020-12-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-12-31 | $88,630 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2020-12-31 | $88,630 |
| Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
| Value of fidelity bond cover | 2020-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
| Contributions received from participants | 2020-12-31 | $605,992 |
| Participant contributions at end of year | 2020-12-31 | $21,276 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
| Value of net income/loss | 2020-12-31 | $1,522,292 |
| Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $8,798,200 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $7,275,908 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-12-31 | $8,769,624 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-12-31 | $7,275,908 |
| Interest on participant loans | 2020-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2020-12-31 | $0 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-12-31 | $1,184,787 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
| Contributions received in cash from employer | 2020-12-31 | $209,302 |
| Employer contributions (assets) at end of year | 2020-12-31 | $7,300 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $519,033 |
| Contract administrator fees | 2020-12-31 | $27,932 |
| Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
| Accountancy firm name | 2020-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2020-12-31 | 411399624 |
| 2019 : M. G. OIL COMPANY 401(K) PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-12-31 | $0 |
| 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 income from all sources (including contributions) | 2019-12-31 | $2,035,116 |
| Total loss/gain on sale of assets | 2019-12-31 | $0 |
| Total of all expenses incurred | 2019-12-31 | $434,585 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $396,366 |
| Value of total corrective distributions | 2019-12-31 | $17,925 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $790,590 |
| Value of total assets at end of year | 2019-12-31 | $7,275,908 |
| Value of total assets at beginning of year | 2019-12-31 | $5,675,377 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $20,294 |
| Total interest from all sources | 2019-12-31 | $1,435 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $104,762 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2019-12-31 | $104,762 |
| Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
| Value of fidelity bond cover | 2019-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
| Contributions received from participants | 2019-12-31 | $561,026 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $34,313 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
| Value of net income/loss | 2019-12-31 | $1,600,531 |
| Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $7,275,908 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $5,675,377 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-12-31 | $7,275,908 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $5,119,417 |
| Interest on participant loans | 2019-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2019-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $0 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $555,960 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $555,960 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $1,435 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-12-31 | $1,138,329 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
| Contributions received in cash from employer | 2019-12-31 | $195,251 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $396,366 |
| Contract administrator fees | 2019-12-31 | $20,294 |
| Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
| Accountancy firm name | 2019-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2019-12-31 | 411399624 |
| 2018 : M. G. OIL COMPANY 401(K) PLAN 2018 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2018-12-31 | $0 |
| 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 | $318,548 |
| Total loss/gain on sale of assets | 2018-12-31 | $0 |
| Total of all expenses incurred | 2018-12-31 | $587,851 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $568,357 |
| Value of total corrective distributions | 2018-12-31 | $16,824 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $717,031 |
| Value of total assets at end of year | 2018-12-31 | $5,675,377 |
| Value of total assets at beginning of year | 2018-12-31 | $5,944,680 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $2,670 |
| Total interest from all sources | 2018-12-31 | $5,975 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-12-31 | $78,698 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2018-12-31 | $78,698 |
| Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
| Value of fidelity bond cover | 2018-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
| Contributions received from participants | 2018-12-31 | $494,813 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $47,439 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
| Value of net income/loss | 2018-12-31 | $-269,303 |
| Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $5,675,377 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $5,944,680 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-12-31 | $5,119,417 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-12-31 | $5,425,602 |
| Interest on participant loans | 2018-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2018-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2018-12-31 | $555,960 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2018-12-31 | $519,078 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2018-12-31 | $519,078 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $5,975 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-12-31 | $-483,156 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
| Contributions received in cash from employer | 2018-12-31 | $174,779 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $568,357 |
| Contract administrator fees | 2018-12-31 | $2,670 |
| Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
| Accountancy firm name | 2018-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2018-12-31 | 411399624 |
| 2017 : M. G. OIL COMPANY 401(K) PLAN 2017 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2017-12-31 | $0 |
| 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 | $1,525,836 |
| Total loss/gain on sale of assets | 2017-12-31 | $0 |
| Total of all expenses incurred | 2017-12-31 | $902,703 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $882,382 |
| Value of total corrective distributions | 2017-12-31 | $18,041 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $694,472 |
| Value of total assets at end of year | 2017-12-31 | $5,944,680 |
| Value of total assets at beginning of year | 2017-12-31 | $5,321,547 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $2,280 |
| Total interest from all sources | 2017-12-31 | $1,115 |
| Total dividends received (eg from common stock, registered investment company shares) | 2017-12-31 | $70,691 |
| 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 | $70,691 |
| Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
| Value of fidelity bond cover | 2017-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
| 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 | $490,952 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $30,260 |
| 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 | $623,133 |
| Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $5,944,680 |
| Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $5,321,547 |
| 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 | $5,425,602 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2017-12-31 | $4,792,313 |
| Interest on participant loans | 2017-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2017-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2017-12-31 | $519,078 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2017-12-31 | $529,234 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2017-12-31 | $529,234 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $1,115 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2017-12-31 | $759,558 |
| 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 | No |
| 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 | $173,260 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $882,382 |
| Contract administrator fees | 2017-12-31 | $2,280 |
| 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 | No |
| 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 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2017-12-31 | 411399624 |
| 2016 : M. G. OIL COMPANY 401(K) 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 | $970,656 |
| Total loss/gain on sale of assets | 2016-12-31 | $0 |
| Total of all expenses incurred | 2016-12-31 | $645,788 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $626,251 |
| Value of total corrective distributions | 2016-12-31 | $16,837 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $651,087 |
| Value of total assets at end of year | 2016-12-31 | $5,321,547 |
| Value of total assets at beginning of year | 2016-12-31 | $4,996,679 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $2,700 |
| Total interest from all sources | 2016-12-31 | $6 |
| Total dividends received (eg from common stock, registered investment company shares) | 2016-12-31 | $63,053 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2016-12-31 | $63,053 |
| Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
| Value of fidelity bond cover | 2016-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2016-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
| Contributions received from participants | 2016-12-31 | $487,443 |
| 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 | $324,868 |
| Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $5,321,547 |
| Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $4,996,679 |
| 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 | $4,792,313 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $4,477,386 |
| Interest on participant loans | 2016-12-31 | $0 |
| Income. Interest from loans (other than to participants) | 2016-12-31 | $0 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2016-12-31 | $529,234 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2016-12-31 | $519,293 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2016-12-31 | $519,293 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $6 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2016-12-31 | $256,510 |
| 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 | No |
| 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 | $163,644 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $626,251 |
| Contract administrator fees | 2016-12-31 | $2,700 |
| 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 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2016-12-31 | 411399624 |
| 2015 : M. G. OIL COMPANY 401(K) PLAN 2015 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2015-12-31 | $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 | $560,062 |
| Total loss/gain on sale of assets | 2015-12-31 | $0 |
| Total of all expenses incurred | 2015-12-31 | $505,549 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $503,389 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $580,967 |
| Value of total assets at end of year | 2015-12-31 | $4,996,679 |
| Value of total assets at beginning of year | 2015-12-31 | $4,942,166 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $2,160 |
| Total interest from all sources | 2015-12-31 | $18 |
| Total dividends received (eg from common stock, registered investment company shares) | 2015-12-31 | $62,921 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2015-12-31 | $62,921 |
| Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
| Value of fidelity bond cover | 2015-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2015-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
| Contributions received from participants | 2015-12-31 | $430,135 |
| Participant contributions at beginning of year | 2015-12-31 | $5,712 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
| Value of net income/loss | 2015-12-31 | $54,513 |
| Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $4,996,679 |
| Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $4,942,166 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $4,477,386 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2015-12-31 | $4,576,455 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2015-12-31 | $519,293 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2015-12-31 | $358,095 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2015-12-31 | $358,095 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $18 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $-83,844 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
| Contributions received in cash from employer | 2015-12-31 | $150,832 |
| Employer contributions (assets) at beginning of year | 2015-12-31 | $1,904 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $503,389 |
| Contract administrator fees | 2015-12-31 | $2,160 |
| Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
| Accountancy firm name | 2015-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2015-12-31 | 411399624 |
| 2014 : M. G. OIL COMPANY 401(K) PLAN 2014 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2014-12-31 | $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 | $740,320 |
| Total loss/gain on sale of assets | 2014-12-31 | $0 |
| Total of all expenses incurred | 2014-12-31 | $624,830 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $602,829 |
| Value of total corrective distributions | 2014-12-31 | $19,901 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $508,112 |
| Value of total assets at end of year | 2014-12-31 | $4,942,166 |
| Value of total assets at beginning of year | 2014-12-31 | $4,826,676 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $2,100 |
| Total interest from all sources | 2014-12-31 | $25 |
| Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $70,351 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2014-12-31 | $70,351 |
| Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
| Value of fidelity bond cover | 2014-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2014-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
| Contributions received from participants | 2014-12-31 | $371,940 |
| Participant contributions at end of year | 2014-12-31 | $5,712 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $4,888 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
| Value of net income/loss | 2014-12-31 | $115,490 |
| Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $4,942,166 |
| Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $4,826,676 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2014-12-31 | $4,576,455 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2014-12-31 | $4,509,544 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2014-12-31 | $358,095 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2014-12-31 | $317,132 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2014-12-31 | $317,132 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2014-12-31 | $25 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2014-12-31 | $161,832 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
| Contributions received in cash from employer | 2014-12-31 | $131,284 |
| Employer contributions (assets) at end of year | 2014-12-31 | $1,904 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $602,829 |
| Contract administrator fees | 2014-12-31 | $2,100 |
| Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2014-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2014-12-31 | Disclaimer |
| Accountancy firm name | 2014-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2014-12-31 | 411399624 |
| 2013 : M. G. OIL COMPANY 401(K) PLAN 2013 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2013-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2013-12-31 | $0 |
| 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 | $1,288,962 |
| Total loss/gain on sale of assets | 2013-12-31 | $0 |
| Total of all expenses incurred | 2013-12-31 | $383,003 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2013-12-31 | $367,351 |
| Value of total corrective distributions | 2013-12-31 | $13,492 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2013-12-31 | $590,899 |
| Value of total assets at end of year | 2013-12-31 | $4,826,676 |
| Value of total assets at beginning of year | 2013-12-31 | $3,920,717 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2013-12-31 | $2,160 |
| Total interest from all sources | 2013-12-31 | $1,060 |
| Total dividends received (eg from common stock, registered investment company shares) | 2013-12-31 | $48,729 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2013-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2013-12-31 | $48,729 |
| Was this plan covered by a fidelity bond | 2013-12-31 | Yes |
| Value of fidelity bond cover | 2013-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2013-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2013-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2013-12-31 | No |
| Contributions received from participants | 2013-12-31 | $405,001 |
| Participant contributions at beginning of year | 2013-12-31 | $51,128 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2013-12-31 | $48,627 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2013-12-31 | No |
| Value of net income/loss | 2013-12-31 | $905,959 |
| Value of net assets at end of year (total assets less liabilities) | 2013-12-31 | $4,826,676 |
| Value of net assets at beginning of year (total assets less liabilities) | 2013-12-31 | $3,920,717 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2013-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2013-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2013-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2013-12-31 | $4,509,544 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2013-12-31 | $3,586,373 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2013-12-31 | $317,132 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2013-12-31 | $265,644 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2013-12-31 | $265,644 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2013-12-31 | $1,060 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2013-12-31 | $648,274 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2013-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2013-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2013-12-31 | No |
| Contributions received in cash from employer | 2013-12-31 | $137,271 |
| Employer contributions (assets) at beginning of year | 2013-12-31 | $17,572 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2013-12-31 | $367,351 |
| Contract administrator fees | 2013-12-31 | $2,160 |
| Did the plan have assets held for investment | 2013-12-31 | 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 | 2013-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2013-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2013-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2013-12-31 | Disclaimer |
| Accountancy firm name | 2013-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2013-12-31 | 411399624 |
| 2012 : M. G. OIL COMPANY 401(K) PLAN 2012 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2012-12-31 | $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 | $993,935 |
| Total loss/gain on sale of assets | 2012-12-31 | $0 |
| Total of all expenses incurred | 2012-12-31 | $481,984 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2012-12-31 | $477,681 |
| Value of total corrective distributions | 2012-12-31 | $2,143 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2012-12-31 | $509,869 |
| Value of total assets at end of year | 2012-12-31 | $3,920,717 |
| Value of total assets at beginning of year | 2012-12-31 | $3,408,766 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2012-12-31 | $2,160 |
| Total interest from all sources | 2012-12-31 | $8 |
| Total dividends received (eg from common stock, registered investment company shares) | 2012-12-31 | $55,117 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2012-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2012-12-31 | $55,117 |
| Was this plan covered by a fidelity bond | 2012-12-31 | Yes |
| Value of fidelity bond cover | 2012-12-31 | $450,000 |
| If this is an individual account plan, was there a blackout period | 2012-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2012-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2012-12-31 | No |
| Contributions received from participants | 2012-12-31 | $378,032 |
| Participant contributions at end of year | 2012-12-31 | $51,128 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2012-12-31 | No |
| Value of net income/loss | 2012-12-31 | $511,951 |
| Value of net assets at end of year (total assets less liabilities) | 2012-12-31 | $3,920,717 |
| Value of net assets at beginning of year (total assets less liabilities) | 2012-12-31 | $3,408,766 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2012-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2012-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2012-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2012-12-31 | $3,586,373 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2012-12-31 | $3,279,860 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2012-12-31 | $265,644 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2012-12-31 | $128,906 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2012-12-31 | $128,906 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2012-12-31 | $8 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2012-12-31 | $428,941 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2012-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2012-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2012-12-31 | No |
| Contributions received in cash from employer | 2012-12-31 | $131,837 |
| Employer contributions (assets) at end of year | 2012-12-31 | $17,572 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2012-12-31 | $477,681 |
| Contract administrator fees | 2012-12-31 | $2,160 |
| Did the plan have assets held for investment | 2012-12-31 | 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 | 2012-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2012-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2012-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2012-12-31 | Disclaimer |
| Accountancy firm name | 2012-12-31 | ELLINGSON AND ELLINGSON, LTD |
| Accountancy firm EIN | 2012-12-31 | 411399624 |
| 2011 : M. G. OIL COMPANY 401(K) PLAN 2011 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2011-12-31 | $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 | $293,132 |
| Total loss/gain on sale of assets | 2011-12-31 | $0 |
| Total of all expenses incurred | 2011-12-31 | $125,747 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2011-12-31 | $119,709 |
| Value of total corrective distributions | 2011-12-31 | $2,858 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2011-12-31 | $490,011 |
| Value of total assets at end of year | 2011-12-31 | $3,408,766 |
| Value of total assets at beginning of year | 2011-12-31 | $3,241,381 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2011-12-31 | $3,180 |
| Total interest from all sources | 2011-12-31 | $2 |
| Total dividends received (eg from common stock, registered investment company shares) | 2011-12-31 | $27,189 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2011-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2011-12-31 | $27,189 |
| Assets. Real estate other than employer real property at end of year | 2011-12-31 | $0 |
| Was this plan covered by a fidelity bond | 2011-12-31 | Yes |
| Value of fidelity bond cover | 2011-12-31 | $400,000 |
| If this is an individual account plan, was there a blackout period | 2011-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2011-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2011-12-31 | No |
| Contributions received from participants | 2011-12-31 | $365,866 |
| Participant contributions at beginning of year | 2011-12-31 | $29,970 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2011-12-31 | No |
| Value of net income/loss | 2011-12-31 | $167,385 |
| Value of net assets at end of year (total assets less liabilities) | 2011-12-31 | $3,408,766 |
| Value of net assets at beginning of year (total assets less liabilities) | 2011-12-31 | $3,241,381 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2011-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2011-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2011-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2011-12-31 | $3,279,860 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2011-12-31 | $3,117,546 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2011-12-31 | $128,906 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2011-12-31 | $83,996 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2011-12-31 | $83,996 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2011-12-31 | $2 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2011-12-31 | $-224,070 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2011-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2011-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2011-12-31 | No |
| Contributions received in cash from employer | 2011-12-31 | $124,145 |
| Employer contributions (assets) at beginning of year | 2011-12-31 | $9,869 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2011-12-31 | $119,709 |
| Contract administrator fees | 2011-12-31 | $3,180 |
| Did the plan have assets held for investment | 2011-12-31 | 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 | 2011-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2011-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2011-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2011-12-31 | Disclaimer |
| Accountancy firm name | 2011-12-31 | ELLINGSON AND ELLINGSON, LTD |
| Accountancy firm EIN | 2011-12-31 | 411399624 |
| 2010 : M. G. OIL COMPANY 401(K) PLAN 2010 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2010-12-31 | $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 | $969,833 |
| Total loss/gain on sale of assets | 2010-12-31 | $0 |
| Total of all expenses incurred | 2010-12-31 | $245,113 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $242,550 |
| Value of total corrective distributions | 2010-12-31 | $2,555 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $478,170 |
| Value of total assets at end of year | 2010-12-31 | $3,241,381 |
| Value of total assets at beginning of year | 2010-12-31 | $2,516,661 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $8 |
| Total interest from all sources | 2010-12-31 | $6 |
| Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $17,926 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $17,926 |
| Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
| Value of fidelity bond cover | 2010-12-31 | $350,000 |
| If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
| Contributions received from participants | 2010-12-31 | $349,975 |
| Participant contributions at end of year | 2010-12-31 | $29,970 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $17,878 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
| Value of net income/loss | 2010-12-31 | $724,720 |
| Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $3,241,381 |
| Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $2,516,661 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $3,117,546 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $2,406,557 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2010-12-31 | $83,996 |
| Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2010-12-31 | $110,104 |
| Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2010-12-31 | $110,104 |
| Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2010-12-31 | $6 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $473,731 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
| Contributions received in cash from employer | 2010-12-31 | $110,317 |
| Employer contributions (assets) at end of year | 2010-12-31 | $9,869 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $242,550 |
| Contract administrator fees | 2010-12-31 | $8 |
| Did the plan have assets held for investment | 2010-12-31 | 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 | 2010-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
| Accountancy firm name | 2010-12-31 | ELLINGSON & ELLINGSON, LTD |
| Accountancy firm EIN | 2010-12-31 | 411399624 |
| 2009 : M. G. OIL COMPANY 401(K) PLAN 2009 401k financial data |
|---|
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
