TROPIC OIL COMPANY has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan TROPIC OIL CO 401 K PROFIT SHARING PLAN TRUST
401k plan membership statisitcs for TROPIC OIL CO 401 K PROFIT SHARING PLAN TRUST
Measure | Date | Value |
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2020 : TROPIC OIL CO 401 K PROFIT SHARING PLAN TRUST 2020 401k financial data |
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Total transfer of assets from this plan | 2020-03-02 | $6,121,232 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-03-02 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-03-02 | $8,134 |
Total income from all sources (including contributions) | 2020-03-02 | $-276,101 |
Total of all expenses incurred | 2020-03-02 | $155,163 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-03-02 | $128,880 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-03-02 | $10,461 |
Value of total assets at end of year | 2020-03-02 | $0 |
Value of total assets at beginning of year | 2020-03-02 | $6,560,630 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-03-02 | $26,283 |
Total interest from all sources | 2020-03-02 | $2,588 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-03-02 | $3,410 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-03-02 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2020-03-02 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-03-02 | $3,410 |
Was this plan covered by a fidelity bond | 2020-03-02 | Yes |
Value of fidelity bond cover | 2020-03-02 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2020-03-02 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-03-02 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-03-02 | No |
Participant contributions at end of year | 2020-03-02 | $0 |
Participant contributions at beginning of year | 2020-03-02 | $260,666 |
Participant contributions at end of year | 2020-03-02 | $0 |
Participant contributions at beginning of year | 2020-03-02 | $23,072 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-03-02 | $10,461 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-03-02 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-03-02 | $8,134 |
Administrative expenses (other) incurred | 2020-03-02 | $26,283 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-03-02 | No |
Value of net income/loss | 2020-03-02 | $-431,264 |
Value of net assets at end of year (total assets less liabilities) | 2020-03-02 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-03-02 | $6,552,496 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-03-02 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-03-02 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-03-02 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-03-02 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-03-02 | $3,152,665 |
Interest on participant loans | 2020-03-02 | $2,520 |
Value of interest in common/collective trusts at end of year | 2020-03-02 | $0 |
Value of interest in common/collective trusts at beginning of year | 2020-03-02 | $3,010,530 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-03-02 | $68 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-03-02 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-03-02 | $81,902 |
Net investment gain or loss from common/collective trusts | 2020-03-02 | $-292,560 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-03-02 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-03-02 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-03-02 | No |
Employer contributions (assets) at end of year | 2020-03-02 | $0 |
Employer contributions (assets) at beginning of year | 2020-03-02 | $31,795 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-03-02 | $128,880 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-03-02 | Yes |
Did the plan have assets held for investment | 2020-03-02 | 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 | 2020-03-02 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-03-02 | Yes |
Opinion of an independent qualified public accountant for this plan | 2020-03-02 | Disclaimer |
Accountancy firm name | 2020-03-02 | SARBEY |
Accountancy firm EIN | 2020-03-02 | 651014182 |
Total transfer of assets from this plan | 2020-02-28 | $6,121,232 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-02-28 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-02-28 | $8,134 |
Total income from all sources (including contributions) | 2020-02-28 | $-276,101 |
Total of all expenses incurred | 2020-02-28 | $155,163 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-02-28 | $128,880 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-02-28 | $10,461 |
Value of total assets at end of year | 2020-02-28 | $0 |
Value of total assets at beginning of year | 2020-02-28 | $6,560,630 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-02-28 | $26,283 |
Total interest from all sources | 2020-02-28 | $2,588 |
Total dividends received (eg from common stock, registered investment company shares) | 2020-02-28 | $3,410 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-02-28 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2020-02-28 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2020-02-28 | $3,410 |
Was this plan covered by a fidelity bond | 2020-02-28 | Yes |
Value of fidelity bond cover | 2020-02-28 | $1,000,000 |
If this is an individual account plan, was there a blackout period | 2020-02-28 | Yes |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2020-02-28 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2020-02-28 | No |
Participant contributions at end of year | 2020-02-28 | $0 |
Participant contributions at beginning of year | 2020-02-28 | $260,666 |
Participant contributions at end of year | 2020-02-28 | $0 |
Participant contributions at beginning of year | 2020-02-28 | $23,072 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-02-28 | $10,461 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2020-02-28 | $0 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2020-02-28 | $8,134 |
Administrative expenses (other) incurred | 2020-02-28 | $26,283 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-02-28 | No |
Value of net income/loss | 2020-02-28 | $-431,264 |
Value of net assets at end of year (total assets less liabilities) | 2020-02-28 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-02-28 | $6,552,496 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-02-28 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-02-28 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-02-28 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-02-28 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-02-28 | $3,152,665 |
Interest on participant loans | 2020-02-28 | $2,520 |
Value of interest in common/collective trusts at end of year | 2020-02-28 | $0 |
Value of interest in common/collective trusts at beginning of year | 2020-02-28 | $3,010,530 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2020-02-28 | $68 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-02-28 | $0 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-02-28 | $81,902 |
Net investment gain or loss from common/collective trusts | 2020-02-28 | $-292,560 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-02-28 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-02-28 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-02-28 | No |
Employer contributions (assets) at end of year | 2020-02-28 | $0 |
Employer contributions (assets) at beginning of year | 2020-02-28 | $31,795 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-02-28 | $128,880 |
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2020-02-28 | Yes |
Did the plan have assets held for investment | 2020-02-28 | No |
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 | 2020-02-28 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-02-28 | Yes |
Opinion of an independent qualified public accountant for this plan | 2020-02-28 | Disclaimer |
Accountancy firm name | 2020-02-28 | SARBEY, KELLY & KAUFMAN |
Accountancy firm EIN | 2020-02-28 | 651014182 |
2019 : TROPIC OIL CO 401 K PROFIT SHARING PLAN TRUST 2019 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-12-31 | $8,134 |
Total income from all sources (including contributions) | 2019-12-31 | $1,784,864 |
Total of all expenses incurred | 2019-12-31 | $442,206 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $374,429 |
Value of total corrective distributions | 2019-12-31 | $19,673 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $805,260 |
Value of total assets at end of year | 2019-12-31 | $6,560,630 |
Value of total assets at beginning of year | 2019-12-31 | $5,209,838 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $48,104 |
Total interest from all sources | 2019-12-31 | $14,367 |
Total dividends received (eg from common stock, registered investment company shares) | 2019-12-31 | $110,265 |
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 | $110,265 |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $1,000,000 |
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 | $577,636 |
Participant contributions at end of year | 2019-12-31 | $260,666 |
Participant contributions at beginning of year | 2019-12-31 | $219,461 |
Participant contributions at end of year | 2019-12-31 | $23,072 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $22,245 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2019-12-31 | $8,134 |
Other income not declared elsewhere | 2019-12-31 | $3,224 |
Administrative expenses (other) incurred | 2019-12-31 | $48,104 |
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 | $1,342,658 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $6,552,496 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $5,209,838 |
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 | $3,152,665 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-12-31 | $4,916,024 |
Interest on participant loans | 2019-12-31 | $14,049 |
Value of interest in common/collective trusts at end of year | 2019-12-31 | $3,010,530 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2019-12-31 | $24,850 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2019-12-31 | $17,667 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2019-12-31 | $17,667 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2019-12-31 | $318 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $81,902 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $65,144 |
Net investment gain or loss from common/collective trusts | 2019-12-31 | $851,748 |
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 | $205,379 |
Employer contributions (assets) at end of year | 2019-12-31 | $31,795 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $9,209 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $374,429 |
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 | SARBEY, KELLY & KAUFMAN |
Accountancy firm EIN | 2019-12-31 | 651014182 |