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TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan NameTARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN
Plan identification number 001

TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN Benefits

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

401k Sponsoring company profile

TARGET WELL SERVICES, INC. has sponsored the creation of one or more 401k plans.

Company Name:TARGET WELL SERVICES, INC.
Employer identification number (EIN):742783413
NAIC Classification:211130
NAIC Description:Natural Gas Extraction

Additional information about TARGET WELL SERVICES, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1996-05-09
Company Identification Number: 0139918500
Legal Registered Office Address: 212 FLAT CRK

CANYON LAKE
United States of America (USA)
78133

More information about TARGET WELL SERVICES, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01HEATHER THOMAS2020-01-20 HEATHER THOMAS2020-01-20
0012018-01-01HEATHER RICHARDSON-THOMAS2019-04-16 HEATHER RICHARDSON-THOMAS2019-04-16
0012017-01-01HEATHER RICHARDSON-THOMAS2018-08-20 HEATHER RICHARDSON-THOMAS2018-08-20
0012016-01-01HEATHER RICHARDSON-THOMAS2017-07-03 HEATHER RICHARDSON-THOMAS2017-07-03
0012015-01-01HEATHER THOMAS2016-05-10 HEATHER THOMAS2016-05-10
0012014-01-01HEATHER THOMAS2015-04-03 HEATHER THOMAS2015-04-03
0012013-01-01
0012012-01-01HEATHER THOMAS2014-07-21 HEATHER THOMAS2014-07-21
0012011-01-01HEATHER THOMAS2014-07-21 HEATHER THOMAS2014-07-21
0012010-01-01HEATHER THOMAS2014-07-21 HEATHER THOMAS2014-07-21
0012009-01-01
0012008-01-01
0012007-01-01
0012006-01-01

Plan Statistics for TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2008: TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2008 401k membership
Total participants, beginning-of-year2008-01-0125
Total number of active participants reported on line 7a of the Form 55002008-01-0121
Number of retired or separated participants receiving benefits2008-01-010
Number of other retired or separated participants entitled to future benefits2008-01-010
Total of all active and inactive participants2008-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2008-01-010
Total participants2008-01-0121
Number of participants with account balances2008-01-0116
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2008-01-013
2007: TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2007 401k membership
Total participants, beginning-of-year2007-01-0124
Total number of active participants reported on line 7a of the Form 55002007-01-0124
Number of retired or separated participants receiving benefits2007-01-010
Number of other retired or separated participants entitled to future benefits2007-01-010
Total of all active and inactive participants2007-01-0124
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2007-01-010
Total participants2007-01-0124
Number of participants with account balances2007-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2007-01-010
2006: TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2006 401k membership
Total participants, beginning-of-year2006-01-0124
Total number of active participants reported on line 7a of the Form 55002006-01-0121
Number of retired or separated participants receiving benefits2006-01-010
Number of other retired or separated participants entitled to future benefits2006-01-010
Total of all active and inactive participants2006-01-0121
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2006-01-010
Total participants2006-01-0121
Number of participants with account balances2006-01-0110
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2006-01-010

Financial Data on TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2008 : TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2008 401k financial data
Transfers to/from the plan2008-12-31$0
Total plan liabilities at end of year2008-12-31$0
Total plan liabilities at beginning of year2008-12-31$0
Total income from all sources2008-12-31$-10,882
Expenses. Total of all expenses incurred2008-12-31$56,702
Benefits paid (including direct rollovers)2008-12-31$33,504
Total plan assets at end of year2008-12-31$311,628
Total plan assets at beginning of year2008-12-31$379,212
Value of fidelity bond covering the plan2008-12-31$20,000
Total contributions received or receivable from participants2008-12-31$73,531
Expenses. Other expenses not covered elsewhere2008-12-31$0
Contributions received from other sources (not participants or employers)2008-12-31$0
Other income received2008-12-31$-140,022
Noncash contributions received2008-12-31$0
Net income (gross income less expenses)2008-12-31$-67,584
Net plan assets at end of year (total assets less liabilities)2008-12-31$311,628
Net plan assets at beginning of year (total assets less liabilities)2008-12-31$379,212
Total contributions received or receivable from employer(s)2008-12-31$55,609
Value of certain deemed distributions of participant loans2008-12-31$0
Value of corrective distributions2008-12-31$23,198
Expenses. Administrative service providers (salaries,fees and commissions)2008-12-31$0
2007 : TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2007 401k financial data
Transfers to/from the plan2007-12-31$0
Total plan liabilities at end of year2007-12-31$0
Total plan liabilities at beginning of year2007-12-31$0
Total income from all sources2007-12-31$99,623
Expenses. Total of all expenses incurred2007-12-31$0
Benefits paid (including direct rollovers)2007-12-31$0
Total plan assets at end of year2007-12-31$379,212
Total plan assets at beginning of year2007-12-31$279,589
Value of fidelity bond covering the plan2007-12-31$11,000
Total contributions received or receivable from participants2007-12-31$57,008
Expenses. Other expenses not covered elsewhere2007-12-31$0
Contributions received from other sources (not participants or employers)2007-12-31$0
Other income received2007-12-31$3,839
Noncash contributions received2007-12-31$0
Net income (gross income less expenses)2007-12-31$99,623
Net plan assets at end of year (total assets less liabilities)2007-12-31$379,212
Net plan assets at beginning of year (total assets less liabilities)2007-12-31$279,589
Total contributions received or receivable from employer(s)2007-12-31$38,776
Value of certain deemed distributions of participant loans2007-12-31$0
Value of corrective distributions2007-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2007-12-31$0
2006 : TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2006 401k financial data
Transfers to/from the plan2006-12-31$0
Total plan liabilities at end of year2006-12-31$0
Total plan liabilities at beginning of year2006-12-31$0
Total income from all sources2006-12-31$85,251
Expenses. Total of all expenses incurred2006-12-31$19,340
Benefits paid (including direct rollovers)2006-12-31$16,657
Total plan assets at end of year2006-12-31$279,589
Total plan assets at beginning of year2006-12-31$213,678
Value of fidelity bond covering the plan2006-12-31$11,000
Total contributions received or receivable from participants2006-12-31$59,191
Expenses. Other expenses not covered elsewhere2006-12-31$101
Contributions received from other sources (not participants or employers)2006-12-31$0
Other income received2006-12-31$26,060
Noncash contributions received2006-12-31$0
Net income (gross income less expenses)2006-12-31$65,911
Net plan assets at end of year (total assets less liabilities)2006-12-31$279,589
Net plan assets at beginning of year (total assets less liabilities)2006-12-31$213,678
Total contributions received or receivable from employer(s)2006-12-31$0
Value of certain deemed distributions of participant loans2006-12-31$0
Value of corrective distributions2006-12-31$2,582
Expenses. Administrative service providers (salaries,fees and commissions)2006-12-31$0

Form 5500 Responses for TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN

2008: TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2008 form 5500 responses
2008-01-01Type of plan entitySingle employer plan
2008-01-01Submission has been amendedNo
2008-01-01This submission is the final filingNo
2008-01-01This return/report is a short plan year return/report (less than 12 months)No
2008-01-01Plan is a collectively bargained planNo
2008-01-01Plan funding arrangement – InsuranceYes
2008-01-01Plan benefit arrangement – InsuranceYes
2007: TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2007 form 5500 responses
2007-01-01Type of plan entitySingle employer plan
2007-01-01Submission has been amendedNo
2007-01-01This submission is the final filingNo
2007-01-01This return/report is a short plan year return/report (less than 12 months)No
2007-01-01Plan is a collectively bargained planNo
2007-01-01Plan funding arrangement – InsuranceYes
2007-01-01Plan benefit arrangement – InsuranceYes
2006: TARGET WELL SERVICES, INC. 401(K) RETIREMENT PLAN 2006 form 5500 responses
2006-01-01Type of plan entitySingle employer plan
2006-01-01Submission has been amendedNo
2006-01-01This submission is the final filingNo
2006-01-01This return/report is a short plan year return/report (less than 12 months)No
2006-01-01Plan is a collectively bargained planNo
2006-01-01Plan funding arrangement – InsuranceYes
2006-01-01Plan benefit arrangement – InsuranceYes

Insurance Providers Used on plan

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-46767
Policy instance 1
Insurance contract or identification number4-46767
Number of Individuals Covered21
Insurance policy start date2008-01-01
Insurance policy end date2008-12-31
Total amount of commissions paid to insurance brokerUSD $1,468
Total amount of fees paid to insurance companyUSD $379
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,468
Amount paid for insurance broker fees379
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker organization code?3
Insurance broker nameWOODROW S. KNIGHT, III
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-46767
Policy instance 1
Insurance contract or identification number4-46767
Number of Individuals Covered24
Insurance policy start date2007-01-01
Insurance policy end date2007-12-31
Total amount of commissions paid to insurance brokerUSD $1,416
Total amount of fees paid to insurance companyUSD $280
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,416
Amount paid for insurance broker fees280
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker organization code?3
Insurance broker nameWOODROW S. KNIGHT, III
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number4-46767
Policy instance 1
Insurance contract or identification number4-46767
Number of Individuals Covered21
Insurance policy start date2006-01-01
Insurance policy end date2006-12-31
Total amount of commissions paid to insurance brokerUSD $1,130
Total amount of fees paid to insurance companyUSD $214
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Commission paid to Insurance BrokerUSD $1,130
Amount paid for insurance broker fees214
Additional information about fees paid to insurance brokerREFERRAL/SERVICE FEE
Insurance broker organization code?3
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitYes
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Welfare Benefit Premiums Paid to CarrierUSD $100,234
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Insurance broker nameWOODROW S. KNIGHT, III

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