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PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 401k Plan overview

Plan NamePHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN
Plan identification number 001

PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PES ADMINISTRATIVE SERVICES LLC has sponsored the creation of one or more 401k plans.

Company Name:PES ADMINISTRATIVE SERVICES LLC
Employer identification number (EIN):611689574
NAIC Classification:324110
NAIC Description:Petroleum Refineries

Additional information about PES ADMINISTRATIVE SERVICES LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 5178182

More information about PES ADMINISTRATIVE SERVICES LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01
0012017-01-01THOMAS SCARGLE
0012016-01-01VALENTINE S HERZOG
0012015-01-01ROBERT C. STEWART
0012014-01-01ROBERT C. STEWART
0012013-01-01ROBERT C. STEWART
0012012-10-01JANINE SADLOWSKI

Plan Statistics for PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN

401k plan membership statisitcs for PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN

Measure Date Value
2022: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01181
Total number of active participants reported on line 7a of the Form 55002022-01-010
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-010
Number of participants with account balances2022-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01426
Total number of active participants reported on line 7a of the Form 55002021-01-0169
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-01111
Total of all active and inactive participants2021-01-01181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01181
Number of participants with account balances2021-01-01112
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01576
Total number of active participants reported on line 7a of the Form 55002020-01-0169
Number of retired or separated participants receiving benefits2020-01-012
Number of other retired or separated participants entitled to future benefits2020-01-01355
Total of all active and inactive participants2020-01-01426
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01426
Number of participants with account balances2020-01-01426
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-011,235
Total number of active participants reported on line 7a of the Form 55002019-01-01179
Number of retired or separated participants receiving benefits2019-01-013
Number of other retired or separated participants entitled to future benefits2019-01-01392
Total of all active and inactive participants2019-01-01574
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-012
Total participants2019-01-01576
Number of participants with account balances2019-01-01570
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-011,227
Total number of active participants reported on line 7a of the Form 55002018-01-011,092
Number of retired or separated participants receiving benefits2018-01-014
Number of other retired or separated participants entitled to future benefits2018-01-01135
Total of all active and inactive participants2018-01-011,231
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-014
Total participants2018-01-011,235
Number of participants with account balances2018-01-011,202
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-011,234
Total number of active participants reported on line 7a of the Form 55002017-01-011,105
Number of retired or separated participants receiving benefits2017-01-012
Number of other retired or separated participants entitled to future benefits2017-01-01119
Total of all active and inactive participants2017-01-011,226
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-011
Total participants2017-01-011,227
Number of participants with account balances2017-01-011,196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-011,235
Total number of active participants reported on line 7a of the Form 55002016-01-011,129
Number of retired or separated participants receiving benefits2016-01-011
Number of other retired or separated participants entitled to future benefits2016-01-01103
Total of all active and inactive participants2016-01-011,233
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-011,234
Number of participants with account balances2016-01-011,226
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-011,161
Total number of active participants reported on line 7a of the Form 55002015-01-011,187
Number of retired or separated participants receiving benefits2015-01-011
Number of other retired or separated participants entitled to future benefits2015-01-0146
Total of all active and inactive participants2015-01-011,234
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-011
Total participants2015-01-011,235
Number of participants with account balances2015-01-011,221
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-011,051
Total number of active participants reported on line 7a of the Form 55002014-01-011,132
Number of retired or separated participants receiving benefits2014-01-011
Number of other retired or separated participants entitled to future benefits2014-01-0127
Total of all active and inactive participants2014-01-011,160
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-011,160
Number of participants with account balances2014-01-011,135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01901
Total number of active participants reported on line 7a of the Form 55002013-01-011,034
Number of retired or separated participants receiving benefits2013-01-011
Number of other retired or separated participants entitled to future benefits2013-01-0115
Total of all active and inactive participants2013-01-011,050
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-011
Total participants2013-01-011,051
Number of participants with account balances2013-01-011,051
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2012 401k membership
Total participants, beginning-of-year2012-10-01914
Total number of active participants reported on line 7a of the Form 55002012-10-01900
Number of retired or separated participants receiving benefits2012-10-010
Number of other retired or separated participants entitled to future benefits2012-10-010
Total of all active and inactive participants2012-10-01900
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-10-011
Total participants2012-10-01901
Number of participants with account balances2012-10-01901
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-10-010

Financial Data on PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN

Measure Date Value
2022 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-08-01$-816,040
Total of all expenses incurred2022-08-01$12,027,402
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-08-01$12,018,831
Value of total assets at end of year2022-08-01$0
Value of total assets at beginning of year2022-08-01$12,843,442
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-08-01$8,571
Total interest from all sources2022-08-01$503
Total dividends received (eg from common stock, registered investment company shares)2022-08-01$3,837
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-08-01Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-08-01$0
Total dividends received from registered investment company shares (eg mutual funds)2022-08-01$3,837
Administrative expenses professional fees incurred2022-08-01$4,288
Was this plan covered by a fidelity bond2022-08-01Yes
Value of fidelity bond cover2022-08-01$5,000,000
If this is an individual account plan, was there a blackout period2022-08-01No
Were there any nonexempt tranactions with any party-in-interest2022-08-01No
Participant contributions at end of year2022-08-01$0
Participant contributions at beginning of year2022-08-01$91,051
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-08-01$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-08-01$869
Administrative expenses (other) incurred2022-08-01$4,283
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-08-01No
Value of net income/loss2022-08-01$-12,843,442
Value of net assets at end of year (total assets less liabilities)2022-08-01$0
Value of net assets at beginning of year (total assets less liabilities)2022-08-01$12,843,442
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-08-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-08-01No
Were any leases to which the plan was party in default or uncollectible2022-08-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-08-01$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-08-01$2,271,244
Interest on participant loans2022-08-01$503
Value of interest in common/collective trusts at end of year2022-08-01$0
Value of interest in common/collective trusts at beginning of year2022-08-01$10,473,789
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-08-01$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-08-01$6,489
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-08-01$6,489
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-08-01$-820,380
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-08-01No
Was there a failure to transmit to the plan any participant contributions2022-08-01No
Has the plan failed to provide any benefit when due under the plan2022-08-01No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-08-01$12,018,831
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-08-01No
Did the plan have assets held for investment2022-08-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-08-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-08-01Yes
Opinion of an independent qualified public accountant for this plan2022-08-01Unqualified
Accountancy firm name2022-08-01BDO USA LLP
Accountancy firm EIN2022-08-01135381590
2021 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$12,209,106
Total of all expenses incurred2021-12-31$91,540,482
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$91,515,073
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$983,502
Value of total assets at end of year2021-12-31$12,843,442
Value of total assets at beginning of year2021-12-31$92,174,818
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$25,409
Total interest from all sources2021-12-31$27,720
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$236,807
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$236,807
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$5,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$681,962
Participant contributions at end of year2021-12-31$91,051
Participant contributions at beginning of year2021-12-31$776,984
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$62,175
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$869
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Administrative expenses (other) incurred2021-12-31$25,409
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$-79,331,376
Value of net assets at end of year (total assets less liabilities)2021-12-31$12,843,442
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$92,174,818
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$2,271,244
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$35,173,019
Interest on participant loans2021-12-31$27,720
Value of interest in common/collective trusts at end of year2021-12-31$10,473,789
Value of interest in common/collective trusts at beginning of year2021-12-31$56,200,326
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$6,489
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$1,680
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$1,680
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$9,927,722
Net investment gain or loss from common/collective trusts2021-12-31$1,033,355
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$239,365
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$22,809
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$91,515,073
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31BDO USA LLP
Accountancy firm EIN2021-12-31135381590
2020 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$25,575,109
Total of all expenses incurred2020-12-31$39,494,588
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$39,390,404
Value of total corrective distributions2020-12-31$857
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$13,337,736
Value of total assets at end of year2020-12-31$92,174,818
Value of total assets at beginning of year2020-12-31$106,094,297
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$103,327
Total interest from all sources2020-12-31$49,969
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$601,962
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$601,962
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$5,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,747,431
Participant contributions at end of year2020-12-31$776,984
Participant contributions at beginning of year2020-12-31$1,970,210
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$10,589,440
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$9,672
Administrative expenses (other) incurred2020-12-31$31,230
Total non interest bearing cash at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$-13,919,479
Value of net assets at end of year (total assets less liabilities)2020-12-31$92,174,818
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$106,094,297
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$72,097
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$35,173,019
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$45,078,321
Interest on participant loans2020-12-31$59,640
Interest earned on other investments2020-12-31$-9,672
Value of interest in common/collective trusts at end of year2020-12-31$56,200,326
Value of interest in common/collective trusts at beginning of year2020-12-31$58,977,002
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$1,680
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$1,249
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$1,249
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$5,069,821
Net investment gain or loss from common/collective trusts2020-12-31$6,515,621
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$1,000,865
Employer contributions (assets) at end of year2020-12-31$22,809
Employer contributions (assets) at beginning of year2020-12-31$57,843
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$39,390,404
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA LLP
Accountancy firm EIN2020-12-31135381590
2019 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$53,909,956
Total of all expenses incurred2019-12-31$146,459,310
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$146,299,390
Expenses. Certain deemed distributions of participant loans2019-12-31$40,197
Value of total corrective distributions2019-12-31$3,906
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$16,863,689
Value of total assets at end of year2019-12-31$106,094,297
Value of total assets at beginning of year2019-12-31$198,643,651
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$115,817
Total interest from all sources2019-12-31$218,604
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$1,127,921
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$1,127,921
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$5,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$8,853,921
Participant contributions at end of year2019-12-31$1,970,210
Participant contributions at beginning of year2019-12-31$5,864,234
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$4,065,155
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$9,672
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Administrative expenses (other) incurred2019-12-31$87,748
Total non interest bearing cash at end of year2019-12-31$0
Total non interest bearing cash at beginning of year2019-12-31$1
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$-92,549,354
Value of net assets at end of year (total assets less liabilities)2019-12-31$106,094,297
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$198,643,651
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$28,069
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$45,078,321
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$73,492,446
Interest on participant loans2019-12-31$218,599
Value of interest in common/collective trusts at end of year2019-12-31$58,977,002
Value of interest in common/collective trusts at beginning of year2019-12-31$119,184,069
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2019-12-31$1,249
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2019-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2019-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$5
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$15,809,859
Net investment gain or loss from common/collective trusts2019-12-31$19,889,883
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$3,944,613
Employer contributions (assets) at end of year2019-12-31$57,843
Employer contributions (assets) at beginning of year2019-12-31$102,901
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$146,299,390
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31BDO USA, LLP
Accountancy firm EIN2019-12-31135381590
2018 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$7,496,922
Total of all expenses incurred2018-12-31$14,537,062
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$14,328,223
Expenses. Certain deemed distributions of participant loans2018-12-31$6,978
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$17,878,002
Value of total assets at end of year2018-12-31$198,643,651
Value of total assets at beginning of year2018-12-31$205,683,791
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$201,861
Total interest from all sources2018-12-31$206,285
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$1,524,074
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$1,524,074
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$5,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$11,967,476
Participant contributions at end of year2018-12-31$5,864,234
Participant contributions at beginning of year2018-12-31$4,953,883
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$685,747
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$3,641
Administrative expenses (other) incurred2018-12-31$100,089
Total non interest bearing cash at end of year2018-12-31$1
Total non interest bearing cash at beginning of year2018-12-31$76,416
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-7,040,140
Value of net assets at end of year (total assets less liabilities)2018-12-31$198,643,651
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$205,683,791
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$101,772
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$73,492,446
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$73,795,867
Interest on participant loans2018-12-31$206,243
Value of interest in common/collective trusts at end of year2018-12-31$119,184,069
Value of interest in common/collective trusts at beginning of year2018-12-31$126,753,689
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2018-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2018-12-31$13,919
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2018-12-31$13,919
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$42
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-4,749,438
Net investment gain or loss from common/collective trusts2018-12-31$-7,362,001
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$5,224,779
Employer contributions (assets) at end of year2018-12-31$102,901
Employer contributions (assets) at beginning of year2018-12-31$86,376
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$14,328,223
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31BDO USA, LLP
Accountancy firm EIN2018-12-31135381590
2017 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$46,250,856
Total of all expenses incurred2017-12-31$16,470,279
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$16,194,473
Expenses. Certain deemed distributions of participant loans2017-12-31$17,030
Value of total corrective distributions2017-12-31$5,455
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$16,715,655
Value of total assets at end of year2017-12-31$205,683,791
Value of total assets at beginning of year2017-12-31$175,903,214
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$253,321
Total interest from all sources2017-12-31$168,045
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$1,268,640
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$1,268,640
Administrative expenses professional fees incurred2017-12-31$18,633
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$5,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$11,406,194
Participant contributions at end of year2017-12-31$4,953,883
Participant contributions at beginning of year2017-12-31$4,813,925
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$238,241
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$3,641
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$2,364
Administrative expenses (other) incurred2017-12-31$116,238
Total non interest bearing cash at end of year2017-12-31$76,416
Total non interest bearing cash at beginning of year2017-12-31$214,256
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$29,780,577
Value of net assets at end of year (total assets less liabilities)2017-12-31$205,683,791
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$175,903,214
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$118,450
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$73,795,867
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$156,865,348
Interest on participant loans2017-12-31$168,035
Value of interest in common/collective trusts at end of year2017-12-31$126,753,689
Value of interest in common/collective trusts at beginning of year2017-12-31$13,898,044
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2017-12-31$13,919
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2017-12-31$32,215
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2017-12-31$32,215
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$10
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$23,457,424
Net investment gain or loss from common/collective trusts2017-12-31$4,641,092
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$5,071,220
Employer contributions (assets) at end of year2017-12-31$86,376
Employer contributions (assets) at beginning of year2017-12-31$77,062
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$16,194,473
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31BDO USA, LLP
Accountancy firm EIN2017-12-31135381590
2016 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2016 401k financial data
Total income from all sources (including contributions)2016-12-31$31,665,071
Total of all expenses incurred2016-12-31$17,756,228
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$17,503,423
Expenses. Certain deemed distributions of participant loans2016-12-31$17,945
Value of total corrective distributions2016-12-31$772
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$18,911,679
Value of total assets at end of year2016-12-31$175,903,214
Value of total assets at beginning of year2016-12-31$161,994,371
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$234,088
Total interest from all sources2016-12-31$160,064
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$2,434,491
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$2,434,491
Administrative expenses professional fees incurred2016-12-31$39,775
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$5,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$11,957,363
Participant contributions at end of year2016-12-31$4,813,925
Participant contributions at beginning of year2016-12-31$4,904,770
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$1,627,083
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$2,364
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$1,975
Administrative expenses (other) incurred2016-12-31$79,313
Total non interest bearing cash at end of year2016-12-31$214,256
Total non interest bearing cash at beginning of year2016-12-31$282,213
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$13,908,843
Value of net assets at end of year (total assets less liabilities)2016-12-31$175,903,214
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$161,994,371
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$115,000
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$156,865,348
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$144,752,007
Interest on participant loans2016-12-31$160,064
Value of interest in common/collective trusts at end of year2016-12-31$13,898,044
Value of interest in common/collective trusts at beginning of year2016-12-31$11,977,803
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-12-31$32,215
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-12-31$11,861
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-12-31$11,861
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$10,158,837
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$5,327,233
Employer contributions (assets) at end of year2016-12-31$77,062
Employer contributions (assets) at beginning of year2016-12-31$63,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$17,503,423
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31No
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31BDO USA, LLP
Accountancy firm EIN2016-12-31135381590
2015 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2015 401k financial data
Total transfer of assets to this plan2015-12-31$217
Total income from all sources (including contributions)2015-12-31$20,615,101
Total of all expenses incurred2015-12-31$10,234,517
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$10,140,045
Value of total corrective distributions2015-12-31$3,795
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$19,940,716
Value of total assets at end of year2015-12-31$161,994,371
Value of total assets at beginning of year2015-12-31$151,613,570
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$90,677
Total interest from all sources2015-12-31$156,531
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$2,363,766
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$2,363,766
Administrative expenses professional fees incurred2015-12-31$6,500
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$5,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$11,285,108
Participant contributions at end of year2015-12-31$4,904,770
Participant contributions at beginning of year2015-12-31$5,001,003
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$3,670,374
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$1,975
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$1,910
Administrative expenses (other) incurred2015-12-31$84,177
Total non interest bearing cash at end of year2015-12-31$282,213
Total non interest bearing cash at beginning of year2015-12-31$172,944
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$10,380,584
Value of net assets at end of year (total assets less liabilities)2015-12-31$161,994,371
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$151,613,570
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$144,752,007
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$135,077,137
Interest on participant loans2015-12-31$156,530
Value of interest in common/collective trusts at end of year2015-12-31$11,977,803
Value of interest in common/collective trusts at beginning of year2015-12-31$11,349,417
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$11,861
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$11,159
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$11,159
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-2,033,820
Net investment gain or loss from common/collective trusts2015-12-31$187,908
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$4,985,234
Employer contributions (assets) at end of year2015-12-31$63,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$10,140,045
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31No
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31BDO USA, LLP
Accountancy firm EIN2015-12-31135381590
2014 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$26,605,967
Total of all expenses incurred2014-12-31$10,097,007
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$9,995,768
Expenses. Certain deemed distributions of participant loans2014-12-31$29,829
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$18,232,591
Value of total assets at end of year2014-12-31$151,613,570
Value of total assets at beginning of year2014-12-31$135,104,610
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$71,410
Total interest from all sources2014-12-31$141,764
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$2,500,229
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$2,500,229
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$5,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$10,319,523
Participant contributions at end of year2014-12-31$5,001,003
Participant contributions at beginning of year2014-12-31$3,997,662
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$3,334,371
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$1,910
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$1,197
Administrative expenses (other) incurred2014-12-31$71,410
Total non interest bearing cash at end of year2014-12-31$172,944
Total non interest bearing cash at beginning of year2014-12-31$72,051
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$16,508,960
Value of net assets at end of year (total assets less liabilities)2014-12-31$151,613,570
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$135,104,610
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$135,077,137
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$120,342,943
Interest on participant loans2014-12-31$141,764
Value of interest in common/collective trusts at end of year2014-12-31$11,349,417
Value of interest in common/collective trusts at beginning of year2014-12-31$10,690,757
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$11,159
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$5,548,821
Net investment gain or loss from common/collective trusts2014-12-31$182,562
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$4,578,697
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$9,995,768
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32014-12-31No
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31BDO USA, LLP
Accountancy firm EIN2014-12-31135381590
2013 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$77,024,273
Total of all expenses incurred2013-12-31$8,433,451
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$8,367,345
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$58,161,450
Value of total assets at end of year2013-12-31$135,104,610
Value of total assets at beginning of year2013-12-31$66,513,788
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$66,106
Total interest from all sources2013-12-31$94,232
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$1,832,735
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$1,832,735
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$5,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$9,642,427
Participant contributions at end of year2013-12-31$3,997,662
Participant contributions at beginning of year2013-12-31$1,081,993
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$44,412,061
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$1,197
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$1,250
Administrative expenses (other) incurred2013-12-31$66,106
Total non interest bearing cash at end of year2013-12-31$72,051
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$68,590,822
Value of net assets at end of year (total assets less liabilities)2013-12-31$135,104,610
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$66,513,788
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$120,342,943
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$59,371,939
Interest on participant loans2013-12-31$94,232
Value of interest in common/collective trusts at end of year2013-12-31$10,690,757
Value of interest in common/collective trusts at beginning of year2013-12-31$6,058,606
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$16,771,431
Net investment gain or loss from common/collective trusts2013-12-31$164,425
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31Yes
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$4,106,962
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$8,367,345
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31BDO USA, LLP
Accountancy firm EIN2013-12-31135381590
2012 : PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2012 401k financial data
Total transfer of assets to this plan2012-12-31$14,212
Total income from all sources (including contributions)2012-12-31$66,978,367
Total of all expenses incurred2012-12-31$478,791
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$475,491
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$65,738,809
Value of total assets at end of year2012-12-31$66,513,788
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$3,300
Total interest from all sources2012-12-31$2,521
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$838,408
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$838,408
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$5,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$2,101,780
Participant contributions at end of year2012-12-31$1,081,993
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$62,713,655
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$1,250
Administrative expenses (other) incurred2012-12-31$3,300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$66,499,576
Value of net assets at end of year (total assets less liabilities)2012-12-31$66,513,788
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$59,371,939
Interest on participant loans2012-12-31$2,521
Value of interest in common/collective trusts at end of year2012-12-31$6,058,606
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$379,644
Net investment gain or loss from common/collective trusts2012-12-31$18,985
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$923,374
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$475,491
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No

Form 5500 Responses for PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN

2022: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingYes
2022-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 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: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 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: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: PHILADELPHIA ENERGY SOLUTIONS 401(K) SAVINGS PLAN 2012 form 5500 responses
2012-10-01Type of plan entitySingle employer plan
2012-10-01First time form 5500 has been submittedYes
2012-10-01This return/report is a short plan year return/report (less than 12 months)Yes
2012-10-01Plan funding arrangement – TrustYes
2012-10-01Plan benefit arrangement - TrustYes

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