401k Plan data: QUALITY PETROLEUM, INC. 401(K) PLAN plan

QUALITY PETROLEUM, INC. 401(K) PLAN 401k Plan overview

Plan Name	QUALITY PETROLEUM, INC. 401(K) PLAN
Plan identification number	001

QUALITY PETROLEUM, INC. 401(K) PLAN Benefits

401k Plan Type

Defined 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, INC. has sponsored the creation of one or more 401k plans.

Company Name: QUALITY PETROLEUM, INC.

Employer identification number (EIN): 710759208

NAIC Classification: 424700

Additional information about QUALITY PETROLEUM, INC.

Jurisdiction of Incorporation: New York Department of State

Incorporation Date: 2011-05-03

Company Identification Number: 4089143

Legal Registered Office Address: 1702 ROUTE 22
Dutchess
WINGDALE
United States of America (USA)
12594

More information about QUALITY PETROLEUM, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan QUALITY PETROLEUM, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2022-01-01
001 2021-01-01
001 2020-01-01
001 2019-01-01
001 2018-01-01
001 2017-01-01 TIM COLCLASURE
001 2016-01-01 TIM COLCLASURE
001 2015-01-01 TIM COLCLASURE
001 2014-01-01 MELINDA HALL
001 2013-01-01 TIM COLCLASURE 2014-07-17
001 2012-01-01 TIM COLCLASURE TIM COLCLASURE 2013-06-14
001 2011-01-01 TIM COLCLASURE
001 2010-01-01 TIM COLCLASURE
001 2009-01-01 TIM COLCLASURE

Plan Statistics for QUALITY PETROLEUM, INC. 401(K) PLAN

401k plan membership statisitcs for QUALITY PETROLEUM, INC. 401(K) PLAN

Measure Date Value
2022: QUALITY PETROLEUM, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 74
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 67
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 6
Total of all active and inactive participants 2022-01-01 73
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 1
Total participants 2022-01-01 74
Number of participants with account balances 2022-01-01 46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 1
2021: QUALITY PETROLEUM, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 68
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 5
Total of all active and inactive participants 2021-01-01 73
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 1
Total participants 2021-01-01 74
Number of participants with account balances 2021-01-01 47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 0
2020: QUALITY PETROLEUM, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 78
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 70
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 7
Total of all active and inactive participants 2020-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 1
Total participants 2020-01-01 78
Number of participants with account balances 2020-01-01 47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 1
2019: QUALITY PETROLEUM, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 87
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 72
Number of retired or separated participants receiving benefits 2019-01-01 0
Number of other retired or separated participants entitled to future benefits 2019-01-01 5
Total of all active and inactive participants 2019-01-01 77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 1
Total participants 2019-01-01 78
Number of participants with account balances 2019-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 3
2018: QUALITY PETROLEUM, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 76
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 78
Number of retired or separated participants receiving benefits 2018-01-01 0
Number of other retired or separated participants entitled to future benefits 2018-01-01 8
Total of all active and inactive participants 2018-01-01 86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 1
Total participants 2018-01-01 87
Number of participants with account balances 2018-01-01 52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 2
2017: QUALITY PETROLEUM, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year 2017-01-01 81
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 70
Number of retired or separated participants receiving benefits 2017-01-01 0
Number of other retired or separated participants entitled to future benefits 2017-01-01 5
Total of all active and inactive participants 2017-01-01 75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 1
Total participants 2017-01-01 76
Number of participants with account balances 2017-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 2
2016: QUALITY PETROLEUM, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year 2016-01-01 75
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 78
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 3
Total of all active and inactive participants 2016-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 81
Number of participants with account balances 2016-01-01 48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 3
2015: QUALITY PETROLEUM, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 84
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 73
Number of retired or separated participants receiving benefits 2015-01-01 0
Number of other retired or separated participants entitled to future benefits 2015-01-01 2
Total of all active and inactive participants 2015-01-01 75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 75
Number of participants with account balances 2015-01-01 50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 5
2014: QUALITY PETROLEUM, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 63
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 83
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 1
Total of all active and inactive participants 2014-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 84
Number of participants with account balances 2014-01-01 49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 1
2012: QUALITY PETROLEUM, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 51
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 95
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 5
Total of all active and inactive participants 2012-01-01 100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 100
Number of participants with account balances 2012-01-01 43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: QUALITY PETROLEUM, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 45
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 48
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 3
Total of all active and inactive participants 2011-01-01 51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 51
Number of participants with account balances 2011-01-01 28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2010: QUALITY PETROLEUM, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 48
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 42
Number of retired or separated participants receiving benefits 2010-01-01 0
Number of other retired or separated participants entitled to future benefits 2010-01-01 3
Total of all active and inactive participants 2010-01-01 45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 0
Total participants 2010-01-01 45
Number of participants with account balances 2010-01-01 27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 1
2009: QUALITY PETROLEUM, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 51
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 44
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 4
Total of all active and inactive participants 2009-01-01 48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 48
Number of participants with account balances 2009-01-01 28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2022: QUALITY PETROLEUM, INC. 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	74
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	67
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	6
Total of all active and inactive participants	2022-01-01	73
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	1
Total participants	2022-01-01	74
Number of participants with account balances	2022-01-01	46
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	1
2021: QUALITY PETROLEUM, INC. 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	68
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	5
Total of all active and inactive participants	2021-01-01	73
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	1
Total participants	2021-01-01	74
Number of participants with account balances	2021-01-01	47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	0
2020: QUALITY PETROLEUM, INC. 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	78
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	70
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	7
Total of all active and inactive participants	2020-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	1
Total participants	2020-01-01	78
Number of participants with account balances	2020-01-01	47
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	1
2019: QUALITY PETROLEUM, INC. 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	87
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	72
Number of retired or separated participants receiving benefits	2019-01-01	0
Number of other retired or separated participants entitled to future benefits	2019-01-01	5
Total of all active and inactive participants	2019-01-01	77
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	1
Total participants	2019-01-01	78
Number of participants with account balances	2019-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	3
2018: QUALITY PETROLEUM, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	76
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	78
Number of retired or separated participants receiving benefits	2018-01-01	0
Number of other retired or separated participants entitled to future benefits	2018-01-01	8
Total of all active and inactive participants	2018-01-01	86
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	1
Total participants	2018-01-01	87
Number of participants with account balances	2018-01-01	52
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	2
2017: QUALITY PETROLEUM, INC. 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year	2017-01-01	81
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	70
Number of retired or separated participants receiving benefits	2017-01-01	0
Number of other retired or separated participants entitled to future benefits	2017-01-01	5
Total of all active and inactive participants	2017-01-01	75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	1
Total participants	2017-01-01	76
Number of participants with account balances	2017-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	2
2016: QUALITY PETROLEUM, INC. 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year	2016-01-01	75
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	78
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	3
Total of all active and inactive participants	2016-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	81
Number of participants with account balances	2016-01-01	48
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	3
2015: QUALITY PETROLEUM, INC. 401(K) PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	84
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	73
Number of retired or separated participants receiving benefits	2015-01-01	0
Number of other retired or separated participants entitled to future benefits	2015-01-01	2
Total of all active and inactive participants	2015-01-01	75
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	75
Number of participants with account balances	2015-01-01	50
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	5
2014: QUALITY PETROLEUM, INC. 401(K) PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	63
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	83
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	1
Total of all active and inactive participants	2014-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	84
Number of participants with account balances	2014-01-01	49
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	1
2012: QUALITY PETROLEUM, INC. 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	51
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	95
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	5
Total of all active and inactive participants	2012-01-01	100
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	100
Number of participants with account balances	2012-01-01	43
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: QUALITY PETROLEUM, INC. 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	45
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	48
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	3
Total of all active and inactive participants	2011-01-01	51
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	51
Number of participants with account balances	2011-01-01	28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2010: QUALITY PETROLEUM, INC. 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	48
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	42
Number of retired or separated participants receiving benefits	2010-01-01	0
Number of other retired or separated participants entitled to future benefits	2010-01-01	3
Total of all active and inactive participants	2010-01-01	45
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	0
Total participants	2010-01-01	45
Number of participants with account balances	2010-01-01	27
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	1
2009: QUALITY PETROLEUM, INC. 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	51
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	44
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	4
Total of all active and inactive participants	2009-01-01	48
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	48
Number of participants with account balances	2009-01-01	28
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on QUALITY PETROLEUM, INC. 401(K) PLAN

Measure	Date	Value
2022 : QUALITY PETROLEUM, INC. 401(K) PLAN 2022 401k financial data
Transfers to/from the plan	2022-12-31	$0
Total plan liabilities at end of year	2022-12-31	$0
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$-85,723
Expenses. Total of all expenses incurred	2022-12-31	$188,026
Benefits paid (including direct rollovers)	2022-12-31	$176,680
Total plan assets at end of year	2022-12-31	$3,558,289
Total plan assets at beginning of year	2022-12-31	$3,832,038
Value of fidelity bond covering the plan	2022-12-31	$500,000
Assets. Value of tangible personal property	2022-12-31	$0
Total contributions received or receivable from participants	2022-12-31	$227,154
Assets. Value of loans (other than to participants)	2022-12-31	$0
Expenses. Other expenses not covered elsewhere	2022-12-31	$0
Contributions received from other sources (not participants or employers)	2022-12-31	$0
Other income received	2022-12-31	$-430,014
Noncash contributions received	2022-12-31	$0
Net income (gross income less expenses)	2022-12-31	$-273,749
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$3,558,289
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$3,832,038
Assets. Value of participant loans	2022-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2022-12-31	$0
Assets. Value of real-estate (other than employer real property)	2022-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2022-12-31	$0
Assets. Value of employer securities	2022-12-31	$0
Assets. Value of employer real property	2022-12-31	$0
Total contributions received or receivable from employer(s)	2022-12-31	$117,137
Value of certain deemed distributions of participant loans	2022-12-31	$0
Value of corrective distributions	2022-12-31	$8,141
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$3,205
2021 : QUALITY PETROLEUM, INC. 401(K) PLAN 2021 401k financial data
Transfers to/from the plan	2021-12-31	$0
Total plan liabilities at end of year	2021-12-31	$0
Total plan liabilities at beginning of year	2021-12-31	$0
Total income from all sources	2021-12-31	$594,572
Expenses. Total of all expenses incurred	2021-12-31	$87,950
Benefits paid (including direct rollovers)	2021-12-31	$81,120
Total plan assets at end of year	2021-12-31	$3,832,038
Total plan assets at beginning of year	2021-12-31	$3,325,416
Value of fidelity bond covering the plan	2021-12-31	$500,000
Assets. Value of tangible personal property	2021-12-31	$0
Total contributions received or receivable from participants	2021-12-31	$202,613
Assets. Value of loans (other than to participants)	2021-12-31	$0
Expenses. Other expenses not covered elsewhere	2021-12-31	$0
Contributions received from other sources (not participants or employers)	2021-12-31	$0
Other income received	2021-12-31	$298,496
Noncash contributions received	2021-12-31	$0
Net income (gross income less expenses)	2021-12-31	$506,622
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$3,832,038
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$3,325,416
Assets. Value of participant loans	2021-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2021-12-31	$0
Assets. Value of real-estate (other than employer real property)	2021-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2021-12-31	$0
Assets. Value of employer securities	2021-12-31	$0
Assets. Value of employer real property	2021-12-31	$0
Total contributions received or receivable from employer(s)	2021-12-31	$93,463
Value of certain deemed distributions of participant loans	2021-12-31	$0
Value of corrective distributions	2021-12-31	$3,909
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$2,921
2020 : QUALITY PETROLEUM, INC. 401(K) PLAN 2020 401k financial data
Transfers to/from the plan	2020-12-31	$0
Total plan liabilities at end of year	2020-12-31	$0
Total plan liabilities at beginning of year	2020-12-31	$0
Total income from all sources	2020-12-31	$607,462
Expenses. Total of all expenses incurred	2020-12-31	$141,672
Benefits paid (including direct rollovers)	2020-12-31	$129,361
Total plan assets at end of year	2020-12-31	$3,325,416
Total plan assets at beginning of year	2020-12-31	$2,859,626
Value of fidelity bond covering the plan	2020-12-31	$500,000
Assets. Value of tangible personal property	2020-12-31	$0
Total contributions received or receivable from participants	2020-12-31	$178,264
Assets. Value of loans (other than to participants)	2020-12-31	$0
Expenses. Other expenses not covered elsewhere	2020-12-31	$0
Contributions received from other sources (not participants or employers)	2020-12-31	$0
Other income received	2020-12-31	$341,468
Noncash contributions received	2020-12-31	$0
Net income (gross income less expenses)	2020-12-31	$465,790
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$3,325,416
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$2,859,626
Assets. Value of participant loans	2020-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2020-12-31	$0
Assets. Value of real-estate (other than employer real property)	2020-12-31	$0
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2020-12-31	$0
Assets. Value of employer securities	2020-12-31	$0
Assets. Value of employer real property	2020-12-31	$0
Total contributions received or receivable from employer(s)	2020-12-31	$87,730
Value of certain deemed distributions of participant loans	2020-12-31	$0
Value of corrective distributions	2020-12-31	$9,673
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$2,638
2019 : QUALITY PETROLEUM, INC. 401(K) PLAN 2019 401k financial data
Transfers to/from the plan	2019-12-31	$0
Total plan liabilities at end of year	2019-12-31	$0
Total plan liabilities at beginning of year	2019-12-31	$0
Total income from all sources	2019-12-31	$628,992
Expenses. Total of all expenses incurred	2019-12-31	$348,731
Benefits paid (including direct rollovers)	2019-12-31	$329,905
Total plan assets at end of year	2019-12-31	$2,859,626
Total plan assets at beginning of year	2019-12-31	$2,579,365
Value of fidelity bond covering the plan	2019-12-31	$300,000
Total contributions received or receivable from participants	2019-12-31	$175,623
Expenses. Other expenses not covered elsewhere	2019-12-31	$0
Contributions received from other sources (not participants or employers)	2019-12-31	$0
Other income received	2019-12-31	$397,383
Noncash contributions received	2019-12-31	$0
Net income (gross income less expenses)	2019-12-31	$280,261
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$2,859,626
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$2,579,365
Total contributions received or receivable from employer(s)	2019-12-31	$55,986
Value of certain deemed distributions of participant loans	2019-12-31	$0
Value of corrective distributions	2019-12-31	$16,161
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$2,665
2018 : QUALITY PETROLEUM, INC. 401(K) PLAN 2018 401k financial data
Transfers to/from the plan	2018-12-31	$0
Total plan liabilities at end of year	2018-12-31	$0
Total plan liabilities at beginning of year	2018-12-31	$0
Total income from all sources	2018-12-31	$97,287
Expenses. Total of all expenses incurred	2018-12-31	$186,781
Benefits paid (including direct rollovers)	2018-12-31	$174,095
Total plan assets at end of year	2018-12-31	$2,579,365
Total plan assets at beginning of year	2018-12-31	$2,668,859
Value of fidelity bond covering the plan	2018-12-31	$300,000
Total contributions received or receivable from participants	2018-12-31	$151,057
Expenses. Other expenses not covered elsewhere	2018-12-31	$0
Contributions received from other sources (not participants or employers)	2018-12-31	$0
Other income received	2018-12-31	$-123,454
Noncash contributions received	2018-12-31	$0
Net income (gross income less expenses)	2018-12-31	$-89,494
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$2,579,365
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$2,668,859
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2018-12-31	$0
Total contributions received or receivable from employer(s)	2018-12-31	$69,684
Value of certain deemed distributions of participant loans	2018-12-31	$0
Value of corrective distributions	2018-12-31	$10,153
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$2,533
2017 : QUALITY PETROLEUM, INC. 401(K) PLAN 2017 401k financial data
Transfers to/from the plan	2017-12-31	$0
Total plan liabilities at end of year	2017-12-31	$0
Total plan liabilities at beginning of year	2017-12-31	$0
Total income from all sources	2017-12-31	$523,023
Expenses. Total of all expenses incurred	2017-12-31	$216,280
Benefits paid (including direct rollovers)	2017-12-31	$211,993
Total plan assets at end of year	2017-12-31	$2,668,859
Total plan assets at beginning of year	2017-12-31	$2,362,116
Value of fidelity bond covering the plan	2017-12-31	$250,000
Assets. Value of tangible personal property	2017-12-31	$0
Total contributions received or receivable from participants	2017-12-31	$147,771
Assets. Value of loans (other than to participants)	2017-12-31	$0
Expenses. Other expenses not covered elsewhere	2017-12-31	$0
Contributions received from other sources (not participants or employers)	2017-12-31	$0
Other income received	2017-12-31	$297,717
Noncash contributions received	2017-12-31	$0
Net income (gross income less expenses)	2017-12-31	$306,743
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$2,668,859
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$2,362,116
Assets. Value of participant loans	2017-12-31	$0
Assets. Value of assets in partnership/joint-venture interests	2017-12-31	$0
Assets. Value of real-estate (other than employer real property)	2017-12-31	$0
Assets. Value of employer securities	2017-12-31	$0
Assets. Value of employer real property	2017-12-31	$0
Total contributions received or receivable from employer(s)	2017-12-31	$77,535
Value of certain deemed distributions of participant loans	2017-12-31	$0
Value of corrective distributions	2017-12-31	$1,947
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$2,340
2016 : QUALITY PETROLEUM, INC. 401(K) PLAN 2016 401k financial data
Transfers to/from the plan	2016-12-31	$0
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$0
Total income from all sources	2016-12-31	$357,554
Expenses. Total of all expenses incurred	2016-12-31	$164,064
Benefits paid (including direct rollovers)	2016-12-31	$156,455
Total plan assets at end of year	2016-12-31	$2,362,116
Total plan assets at beginning of year	2016-12-31	$2,168,626
Value of fidelity bond covering the plan	2016-12-31	$250,000
Total contributions received or receivable from participants	2016-12-31	$168,057
Expenses. Other expenses not covered elsewhere	2016-12-31	$0
Contributions received from other sources (not participants or employers)	2016-12-31	$0
Other income received	2016-12-31	$101,328
Noncash contributions received	2016-12-31	$0
Net income (gross income less expenses)	2016-12-31	$193,490
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$2,362,116
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$2,168,626
Total contributions received or receivable from employer(s)	2016-12-31	$88,169
Value of certain deemed distributions of participant loans	2016-12-31	$0
Value of corrective distributions	2016-12-31	$5,526
Expenses. Administrative service providers (salaries,fees and commissions)	2016-12-31	$2,083
2015 : QUALITY PETROLEUM, INC. 401(K) PLAN 2015 401k financial data
Transfers to/from the plan	2015-12-31	$0
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$261,998
Expenses. Total of all expenses incurred	2015-12-31	$57,567
Benefits paid (including direct rollovers)	2015-12-31	$48,030
Total plan assets at end of year	2015-12-31	$2,168,626
Total plan assets at beginning of year	2015-12-31	$1,964,195
Value of fidelity bond covering the plan	2015-12-31	$250,000
Total contributions received or receivable from participants	2015-12-31	$182,745
Expenses. Other expenses not covered elsewhere	2015-12-31	$0
Contributions received from other sources (not participants or employers)	2015-12-31	$0
Other income received	2015-12-31	$57
Noncash contributions received	2015-12-31	$0
Net income (gross income less expenses)	2015-12-31	$204,431
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$2,168,626
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,964,195
Total contributions received or receivable from employer(s)	2015-12-31	$79,196
Value of certain deemed distributions of participant loans	2015-12-31	$0
Value of corrective distributions	2015-12-31	$7,691
Expenses. Administrative service providers (salaries,fees and commissions)	2015-12-31	$1,846
2014 : QUALITY PETROLEUM, INC. 401(K) PLAN 2014 401k financial data
Transfers to/from the plan	2014-12-31	$0
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$0
Total income from all sources	2014-12-31	$387,998
Expenses. Total of all expenses incurred	2014-12-31	$63,162
Benefits paid (including direct rollovers)	2014-12-31	$61,529
Total plan assets at end of year	2014-12-31	$1,964,195
Total plan assets at beginning of year	2014-12-31	$1,639,359
Value of fidelity bond covering the plan	2014-12-31	$250,000
Total contributions received or receivable from participants	2014-12-31	$176,444
Expenses. Other expenses not covered elsewhere	2014-12-31	$0
Contributions received from other sources (not participants or employers)	2014-12-31	$0
Other income received	2014-12-31	$126,370
Noncash contributions received	2014-12-31	$0
Net income (gross income less expenses)	2014-12-31	$324,836
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,964,195
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,639,359
Value of participant contributions where there was a failure to transmit these to the plan within the time period described in 29 CFR 2510.3-102	2014-12-31	$15,730
Total contributions received or receivable from employer(s)	2014-12-31	$85,184
Value of certain deemed distributions of participant loans	2014-12-31	$0
Value of corrective distributions	2014-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2014-12-31	$1,633
2012 : QUALITY PETROLEUM, INC. 401(K) PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$327,271
Expenses. Total of all expenses incurred	2012-12-31	$69,335
Benefits paid (including direct rollovers)	2012-12-31	$64,317
Total plan assets at end of year	2012-12-31	$1,644,304
Total plan assets at beginning of year	2012-12-31	$1,386,368
Value of fidelity bond covering the plan	2012-12-31	$250,000
Total contributions received or receivable from participants	2012-12-31	$140,080
Contributions received from other sources (not participants or employers)	2012-12-31	$47,971
Other income received	2012-12-31	$85,561
Net income (gross income less expenses)	2012-12-31	$257,936
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,644,304
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,386,368
Total contributions received or receivable from employer(s)	2012-12-31	$53,659
Value of corrective distributions	2012-12-31	$2,321
Expenses. Administrative service providers (salaries,fees and commissions)	2012-12-31	$2,697
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : QUALITY PETROLEUM, INC. 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$141,685
Expenses. Total of all expenses incurred	2011-12-31	$51,845
Benefits paid (including direct rollovers)	2011-12-31	$43,051
Total plan assets at end of year	2011-12-31	$1,386,368
Total plan assets at beginning of year	2011-12-31	$1,296,528
Value of fidelity bond covering the plan	2011-12-31	$250,000
Total contributions received or receivable from participants	2011-12-31	$110,777
Other income received	2011-12-31	$-14,224
Net income (gross income less expenses)	2011-12-31	$89,840
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,386,368
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,296,528
Total contributions received or receivable from employer(s)	2011-12-31	$45,132
Value of corrective distributions	2011-12-31	$6,227
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$2,567
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : QUALITY PETROLEUM, INC. 401(K) PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$0
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$221,830
Expenses. Total of all expenses incurred	2010-12-31	$67,454
Benefits paid (including direct rollovers)	2010-12-31	$64,851
Total plan assets at end of year	2010-12-31	$1,296,528
Total plan assets at beginning of year	2010-12-31	$1,142,152
Value of fidelity bond covering the plan	2010-12-31	$100,000
Total contributions received or receivable from participants	2010-12-31	$100,929
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$0
Other income received	2010-12-31	$76,427
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$154,376
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,296,528
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,142,152
Total contributions received or receivable from employer(s)	2010-12-31	$44,474
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$0
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$2,603
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : QUALITY PETROLEUM, INC. 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for QUALITY PETROLEUM, INC. 401(K) PLAN

2022: QUALITY PETROLEUM, INC. 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	This submission is the final filing	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: QUALITY PETROLEUM, INC. 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	This submission is the final filing	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: QUALITY PETROLEUM, INC. 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	This submission is the final filing	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: QUALITY PETROLEUM, INC. 401(K) PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: QUALITY PETROLEUM, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: QUALITY PETROLEUM, INC. 401(K) PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: QUALITY PETROLEUM, INC. 401(K) PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: QUALITY PETROLEUM, INC. 401(K) PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: QUALITY PETROLEUM, INC. 401(K) PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2012: QUALITY PETROLEUM, INC. 401(K) PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: QUALITY PETROLEUM, INC. 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: QUALITY PETROLEUM, INC. 401(K) PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: QUALITY PETROLEUM, INC. 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	QUALITY PETROLEUM, INC.
Employer identification number (EIN):	710759208
NAIC Classification:	424700

Jurisdiction of Incorporation:	New York Department of State
Incorporation Date:	2011-05-03
Company Identification Number:	4089143
Legal Registered Office Address:	1702 ROUTE 22 Dutchess WINGDALE United States of America (USA) 12594