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QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameQUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST
Plan identification number 001

QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

QUALITY PETROLEUM CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:QUALITY PETROLEUM CORPORATION
Employer identification number (EIN):591354660
NAIC Classification:424700

Additional information about QUALITY PETROLEUM CORPORATION

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2169623

More information about QUALITY PETROLEUM CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-10-01R. STEPHEN WEEKS2024-07-15
0012021-10-01R. STEPHEN WEEKS2023-06-16
0012020-10-01R. STEPHEN WEEKS2021-12-20 R STEPHEN WEEKS2021-12-20
0012019-10-01R. STEPHEN WEEKS2021-03-01 R STEPHEN WEEKS2021-03-01
0012018-10-01R. STEPHEN WEEKS2020-03-31 R STEPHEN WEEKS2020-03-31
0012017-10-01R. STEPHEN WEEKS2018-12-17 R STEPHEN WEEKS2018-12-17
0012016-10-01R STEPHEN WEEKS
0012015-10-01R STEPHEN WEEKS
0012014-10-01R STEPHEN WEEKS
0012013-10-01R STEPHEN WEEKS R STEPHEN WEEKS2015-04-23
0012012-10-01R STEPHEN WEEKS
0012011-10-01R STEPHEN WEEKS
0012010-10-01R STEPHEN WEEKS
0012009-10-01CAROLINE BARCLAY

Plan Statistics for QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST

Measure Date Value
2016: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year2016-10-0128
Total number of active participants reported on line 7a of the Form 55002016-10-0113
Number of retired or separated participants receiving benefits2016-10-011
Number of other retired or separated participants entitled to future benefits2016-10-0114
Total of all active and inactive participants2016-10-0128
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-10-010
Total participants2016-10-0128
Number of participants with account balances2016-10-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-10-010
2015: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-10-0130
Total number of active participants reported on line 7a of the Form 55002015-10-0116
Number of retired or separated participants receiving benefits2015-10-011
Number of other retired or separated participants entitled to future benefits2015-10-0112
Total of all active and inactive participants2015-10-0129
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-10-010
Total participants2015-10-0129
Number of participants with account balances2015-10-0126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-10-010
2014: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-10-0131
Total number of active participants reported on line 7a of the Form 55002014-10-0118
Number of retired or separated participants receiving benefits2014-10-010
Number of other retired or separated participants entitled to future benefits2014-10-0114
Total of all active and inactive participants2014-10-0132
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-10-010
Total participants2014-10-0132
Number of participants with account balances2014-10-0128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-10-010
2013: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2013 401k membership
Total participants, beginning-of-year2013-10-0140
Total number of active participants reported on line 7a of the Form 55002013-10-0119
Number of retired or separated participants receiving benefits2013-10-010
Number of other retired or separated participants entitled to future benefits2013-10-0117
Total of all active and inactive participants2013-10-0136
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-10-010
Total participants2013-10-0136
Number of participants with account balances2013-10-0132
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-10-010
2012: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year2012-10-0143
Total number of active participants reported on line 7a of the Form 55002012-10-0125
Number of retired or separated participants receiving benefits2012-10-010
Number of other retired or separated participants entitled to future benefits2012-10-0115
Total of all active and inactive participants2012-10-0140
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-10-011
Total participants2012-10-0141
Number of participants with account balances2012-10-0136
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-10-010
2011: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-10-0145
Total number of active participants reported on line 7a of the Form 55002011-10-0132
Number of retired or separated participants receiving benefits2011-10-010
Number of other retired or separated participants entitled to future benefits2011-10-0115
Total of all active and inactive participants2011-10-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-10-010
Total participants2011-10-0147
Number of participants with account balances2011-10-0143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-10-011
2010: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-10-0154
Total number of active participants reported on line 7a of the Form 55002010-10-0130
Number of retired or separated participants receiving benefits2010-10-010
Number of other retired or separated participants entitled to future benefits2010-10-0120
Total of all active and inactive participants2010-10-0150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-10-010
Total participants2010-10-0150
Number of participants with account balances2010-10-0150
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-10-013
2009: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-10-0159
Total number of active participants reported on line 7a of the Form 55002009-10-0138
Number of retired or separated participants receiving benefits2009-10-010
Number of other retired or separated participants entitled to future benefits2009-10-0116
Total of all active and inactive participants2009-10-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-10-010
Total participants2009-10-0154
Number of participants with account balances2009-10-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-10-011

Financial Data on QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST

Measure Date Value
2017 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2017 401k financial data
Total income from all sources2017-09-30$241,150
Expenses. Total of all expenses incurred2017-09-30$5,846
Benefits paid (including direct rollovers)2017-09-30$5,806
Total plan assets at end of year2017-09-30$2,473,014
Total plan assets at beginning of year2017-09-30$2,237,710
Value of fidelity bond covering the plan2017-09-30$400,000
Total contributions received or receivable from participants2017-09-30$37,064
Other income received2017-09-30$204,086
Net income (gross income less expenses)2017-09-30$235,304
Net plan assets at end of year (total assets less liabilities)2017-09-30$2,473,014
Net plan assets at beginning of year (total assets less liabilities)2017-09-30$2,237,710
Expenses. Administrative service providers (salaries,fees and commissions)2017-09-30$40
2016 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2016 401k financial data
Total income from all sources2016-09-30$235,239
Expenses. Total of all expenses incurred2016-09-30$47,674
Benefits paid (including direct rollovers)2016-09-30$47,594
Total plan assets at end of year2016-09-30$2,237,710
Total plan assets at beginning of year2016-09-30$2,050,145
Value of fidelity bond covering the plan2016-09-30$400,000
Total contributions received or receivable from participants2016-09-30$37,438
Other income received2016-09-30$197,801
Net income (gross income less expenses)2016-09-30$187,565
Net plan assets at end of year (total assets less liabilities)2016-09-30$2,237,710
Net plan assets at beginning of year (total assets less liabilities)2016-09-30$2,050,145
Expenses. Administrative service providers (salaries,fees and commissions)2016-09-30$80
2015 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2015 401k financial data
Total income from all sources2015-09-30$602
Expenses. Total of all expenses incurred2015-09-30$148,848
Benefits paid (including direct rollovers)2015-09-30$148,688
Total plan assets at end of year2015-09-30$2,050,145
Total plan assets at beginning of year2015-09-30$2,198,391
Value of fidelity bond covering the plan2015-09-30$400,000
Total contributions received or receivable from participants2015-09-30$36,111
Other income received2015-09-30$-35,509
Net income (gross income less expenses)2015-09-30$-148,246
Net plan assets at end of year (total assets less liabilities)2015-09-30$2,050,145
Net plan assets at beginning of year (total assets less liabilities)2015-09-30$2,198,391
Expenses. Administrative service providers (salaries,fees and commissions)2015-09-30$160
2014 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2014 401k financial data
Total income from all sources2014-09-30$180,950
Expenses. Total of all expenses incurred2014-09-30$839,449
Benefits paid (including direct rollovers)2014-09-30$839,369
Total plan assets at end of year2014-09-30$2,198,391
Total plan assets at beginning of year2014-09-30$2,856,890
Value of fidelity bond covering the plan2014-09-30$400,000
Total contributions received or receivable from participants2014-09-30$32,025
Other income received2014-09-30$148,925
Net income (gross income less expenses)2014-09-30$-658,499
Net plan assets at end of year (total assets less liabilities)2014-09-30$2,198,391
Net plan assets at beginning of year (total assets less liabilities)2014-09-30$2,856,890
Expenses. Administrative service providers (salaries,fees and commissions)2014-09-30$80
2013 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2013 401k financial data
Total income from all sources2013-09-30$103,136
Expenses. Total of all expenses incurred2013-09-30$223,470
Benefits paid (including direct rollovers)2013-09-30$223,190
Total plan assets at end of year2013-09-30$2,856,890
Total plan assets at beginning of year2013-09-30$2,974,223
Value of fidelity bond covering the plan2013-09-30$400,000
Total contributions received or receivable from participants2013-09-30$41,315
Other income received2013-09-30$61,821
Net income (gross income less expenses)2013-09-30$-120,334
Net plan assets at end of year (total assets less liabilities)2013-09-30$2,856,890
Net plan assets at beginning of year (total assets less liabilities)2013-09-30$2,974,223
Expenses. Administrative service providers (salaries,fees and commissions)2013-09-30$280
2012 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2012 401k financial data
Total income from all sources2012-09-30$317,053
Expenses. Total of all expenses incurred2012-09-30$230,049
Benefits paid (including direct rollovers)2012-09-30$229,689
Total plan assets at end of year2012-09-30$2,974,223
Total plan assets at beginning of year2012-09-30$2,887,220
Value of fidelity bond covering the plan2012-09-30$400,000
Total contributions received or receivable from participants2012-09-30$39,805
Other income received2012-09-30$277,248
Net income (gross income less expenses)2012-09-30$87,004
Net plan assets at end of year (total assets less liabilities)2012-09-30$2,974,223
Net plan assets at beginning of year (total assets less liabilities)2012-09-30$2,887,220
Expenses. Administrative service providers (salaries,fees and commissions)2012-09-30$360
2011 : QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2011 401k financial data
Total income from all sources2011-09-30$60,345
Expenses. Total of all expenses incurred2011-09-30$633,052
Benefits paid (including direct rollovers)2011-09-30$632,932
Total plan assets at end of year2011-09-30$2,887,220
Total plan assets at beginning of year2011-09-30$3,459,927
Value of fidelity bond covering the plan2011-09-30$400,000
Total contributions received or receivable from participants2011-09-30$45,126
Other income received2011-09-30$15,219
Net income (gross income less expenses)2011-09-30$-572,707
Net plan assets at end of year (total assets less liabilities)2011-09-30$2,887,220
Net plan assets at beginning of year (total assets less liabilities)2011-09-30$3,459,927
Expenses. Administrative service providers (salaries,fees and commissions)2011-09-30$120

Form 5500 Responses for QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST

2016: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2016 form 5500 responses
2016-10-01Type of plan entitySingle employer plan
2016-10-01Submission has been amendedNo
2016-10-01This submission is the final filingNo
2016-10-01This return/report is a short plan year return/report (less than 12 months)No
2016-10-01Plan is a collectively bargained planNo
2016-10-01Plan funding arrangement – TrustYes
2016-10-01Plan benefit arrangement - TrustYes
2015: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-10-01Type of plan entitySingle employer plan
2015-10-01Submission has been amendedNo
2015-10-01This submission is the final filingNo
2015-10-01This return/report is a short plan year return/report (less than 12 months)No
2015-10-01Plan is a collectively bargained planNo
2015-10-01Plan funding arrangement – TrustYes
2015-10-01Plan benefit arrangement - TrustYes
2014: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2014 form 5500 responses
2014-10-01Type of plan entitySingle employer plan
2014-10-01Submission has been amendedNo
2014-10-01This submission is the final filingNo
2014-10-01This return/report is a short plan year return/report (less than 12 months)No
2014-10-01Plan is a collectively bargained planNo
2014-10-01Plan funding arrangement – TrustYes
2014-10-01Plan benefit arrangement - TrustYes
2013: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2013 form 5500 responses
2013-10-01Type of plan entitySingle employer plan
2013-10-01Submission has been amendedNo
2013-10-01This submission is the final filingNo
2013-10-01This return/report is a short plan year return/report (less than 12 months)No
2013-10-01Plan is a collectively bargained planNo
2013-10-01Plan funding arrangement – TrustYes
2013-10-01Plan benefit arrangement - TrustYes
2012: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2012 form 5500 responses
2012-10-01Type of plan entitySingle employer plan
2012-10-01Submission has been amendedNo
2012-10-01This submission is the final filingNo
2012-10-01This return/report is a short plan year return/report (less than 12 months)No
2012-10-01Plan is a collectively bargained planNo
2012-10-01Plan funding arrangement – TrustYes
2012-10-01Plan benefit arrangement - TrustYes
2011: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2011 form 5500 responses
2011-10-01Type of plan entitySingle employer plan
2011-10-01Submission has been amendedNo
2011-10-01This submission is the final filingNo
2011-10-01This return/report is a short plan year return/report (less than 12 months)No
2011-10-01Plan is a collectively bargained planNo
2011-10-01Plan funding arrangement – TrustYes
2011-10-01Plan benefit arrangement - TrustYes
2010: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2010 form 5500 responses
2010-10-01Type of plan entitySingle employer plan
2010-10-01Submission has been amendedNo
2010-10-01This submission is the final filingNo
2010-10-01This return/report is a short plan year return/report (less than 12 months)No
2010-10-01Plan is a collectively bargained planNo
2010-10-01Plan funding arrangement – TrustYes
2010-10-01Plan benefit arrangement - TrustYes
2009: QUALITY PETROLEUM CORP. PROFIT SHARING PLAN & TRUST 2009 form 5500 responses
2009-10-01Type of plan entitySingle employer plan
2009-10-01Submission has been amendedNo
2009-10-01This submission is the final filingNo
2009-10-01This return/report is a short plan year return/report (less than 12 months)No
2009-10-01Plan is a collectively bargained planNo
2009-10-01Plan funding arrangement – TrustYes
2009-10-01Plan benefit arrangement - TrustYes

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