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TRAXENERGY INC SH 401K PSP 401k Plan overview

Plan NameTRAXENERGY INC SH 401K PSP
Plan identification number 002

TRAXENERGY INC SH 401K PSP Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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.

401k Sponsoring company profile

TRAX ENERGY INC. has sponsored the creation of one or more 401k plans.

Company Name:TRAX ENERGY INC.
Employer identification number (EIN):481243831
NAIC Classification:562000

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TRAXENERGY INC SH 401K PSP

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022018-01-01
0022017-01-01JOHN W. DOBBINS
0022016-01-01JOHN W. DOBBINS
0022015-01-01JOHN W. DOBBINS

Plan Statistics for TRAXENERGY INC SH 401K PSP

401k plan membership statisitcs for TRAXENERGY INC SH 401K PSP

Measure Date Value
2018: TRAXENERGY INC SH 401K PSP 2018 401k membership
Total participants, beginning-of-year2018-01-014
Total number of active participants reported on line 7a of the Form 55002018-01-013
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-014
Total participants2018-01-014
2017: TRAXENERGY INC SH 401K PSP 2017 401k membership
Total participants, beginning-of-year2017-01-010
Total number of active participants reported on line 7a of the Form 55002017-01-014
Total of all active and inactive participants2017-01-014
Total participants2017-01-014
Number of participants with account balances2017-01-014
2016: TRAXENERGY INC SH 401K PSP 2016 401k membership
Total participants, beginning-of-year2016-01-010
Total number of active participants reported on line 7a of the Form 55002016-01-014
Total of all active and inactive participants2016-01-014
Total participants2016-01-014
Number of participants with account balances2016-01-014
2015: TRAXENERGY INC SH 401K PSP 2015 401k membership
Total participants, beginning-of-year2015-01-010
Total number of active participants reported on line 7a of the Form 55002015-01-014
Total of all active and inactive participants2015-01-014
Total participants2015-01-014
Number of participants with account balances2015-01-014

Financial Data on TRAXENERGY INC SH 401K PSP

Measure Date Value
2018 : TRAXENERGY INC SH 401K PSP 2018 401k financial data
Total income from all sources2018-12-31$19,868
Expenses. Total of all expenses incurred2018-12-31$620,465
Benefits paid (including direct rollovers)2018-12-31$614,212
Total plan assets at end of year2018-12-31$0
Total plan assets at beginning of year2018-12-31$600,597
Value of fidelity bond covering the plan2018-12-31$100,000
Total contributions received or receivable from participants2018-12-31$25,895
Expenses. Other expenses not covered elsewhere2018-12-31$6,253
Other income received2018-12-31$-14,552
Net income (gross income less expenses)2018-12-31$-600,597
Net plan assets at end of year (total assets less liabilities)2018-12-31$0
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$600,597
Total contributions received or receivable from employer(s)2018-12-31$8,525
2017 : TRAXENERGY INC SH 401K PSP 2017 401k financial data
Total income from all sources2017-12-31$120,807
Expenses. Total of all expenses incurred2017-12-31$5,644
Total plan assets at end of year2017-12-31$600,597
Total plan assets at beginning of year2017-12-31$485,434
Value of fidelity bond covering the plan2017-12-31$100,000
Total contributions received or receivable from participants2017-12-31$27,598
Expenses. Other expenses not covered elsewhere2017-12-31$5,644
Other income received2017-12-31$82,225
Net income (gross income less expenses)2017-12-31$115,163
Net plan assets at end of year (total assets less liabilities)2017-12-31$600,597
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$485,434
Total contributions received or receivable from employer(s)2017-12-31$10,984
2016 : TRAXENERGY INC SH 401K PSP 2016 401k financial data
Total income from all sources2016-12-31$78,947
Expenses. Total of all expenses incurred2016-12-31$4,832
Total plan assets at end of year2016-12-31$485,434
Total plan assets at beginning of year2016-12-31$411,319
Value of fidelity bond covering the plan2016-12-31$100,000
Total contributions received or receivable from participants2016-12-31$27,410
Expenses. Other expenses not covered elsewhere2016-12-31$4,832
Contributions received from other sources (not participants or employers)2016-12-31$3,945
Other income received2016-12-31$21,799
Net income (gross income less expenses)2016-12-31$74,115
Net plan assets at end of year (total assets less liabilities)2016-12-31$485,434
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$411,319
Total contributions received or receivable from employer(s)2016-12-31$25,793
2015 : TRAXENERGY INC SH 401K PSP 2015 401k financial data
Total income from all sources2015-12-31$29,639
Expenses. Total of all expenses incurred2015-12-31$4,563
Total plan assets at end of year2015-12-31$411,319
Total plan assets at beginning of year2015-12-31$386,243
Value of fidelity bond covering the plan2015-12-31$100,000
Total contributions received or receivable from participants2015-12-31$27,300
Expenses. Other expenses not covered elsewhere2015-12-31$4,563
Other income received2015-12-31$-23,311
Net income (gross income less expenses)2015-12-31$25,076
Net plan assets at end of year (total assets less liabilities)2015-12-31$411,319
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$386,243
Total contributions received or receivable from employer(s)2015-12-31$25,650

Form 5500 Responses for TRAXENERGY INC SH 401K PSP

2018: TRAXENERGY INC SH 401K PSP 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TRAXENERGY INC SH 401K PSP 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TRAXENERGY INC SH 401K PSP 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TRAXENERGY INC SH 401K PSP 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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