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DRIVER PIPELINE COMPANY RETIREMENT PLAN 401k Plan overview

Plan NameDRIVER PIPELINE COMPANY RETIREMENT PLAN
Plan identification number 001

DRIVER PIPELINE COMPANY 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.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

DRIVER PIPELINE COMPANY, INC. has sponsored the creation of one or more 401k plans.

Company Name:DRIVER PIPELINE COMPANY, INC.
Employer identification number (EIN):751404371
NAIC Classification:486000
NAIC Description: Pipeline Transportation

Additional information about DRIVER PIPELINE COMPANY, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1972-06-27
Company Identification Number: 0030879300
Legal Registered Office Address: 1200 N UNION BOWER RD

IRVING
United States of America (USA)
75061

More information about DRIVER PIPELINE COMPANY, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan DRIVER PIPELINE COMPANY RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012018-01-01
0012017-02-01DANIEL MITCHELL
0012017-02-01DANIEL MITCHELL

Plan Statistics for DRIVER PIPELINE COMPANY RETIREMENT PLAN

401k plan membership statisitcs for DRIVER PIPELINE COMPANY RETIREMENT PLAN

Measure Date Value
2018: DRIVER PIPELINE COMPANY RETIREMENT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01401
Total number of active participants reported on line 7a of the Form 55002018-01-010
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-010
Total of all active and inactive participants2018-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-010
Number of participants with account balances2018-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: DRIVER PIPELINE COMPANY RETIREMENT PLAN 2017 401k membership
Total participants, beginning-of-year2017-02-01371
Total number of active participants reported on line 7a of the Form 55002017-02-01407
Number of retired or separated participants receiving benefits2017-02-010
Number of other retired or separated participants entitled to future benefits2017-02-010
Total of all active and inactive participants2017-02-01407
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-02-010
Total participants2017-02-01407
Number of participants with account balances2017-02-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-02-010

Financial Data on DRIVER PIPELINE COMPANY RETIREMENT PLAN

Measure Date Value
2018 : DRIVER PIPELINE COMPANY RETIREMENT PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-10-12$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-10-12$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-10-12$0
Total income from all sources (including contributions)2018-10-12$15,149
Total loss/gain on sale of assets2018-10-12$0
Total of all expenses incurred2018-10-12$39,457
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-10-12$39,157
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-10-12$14,120
Value of total assets at end of year2018-10-12$0
Value of total assets at beginning of year2018-10-12$24,308
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-10-12$300
Total interest from all sources2018-10-12$24
Total dividends received (eg from common stock, registered investment company shares)2018-10-12$10
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-10-12Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2018-10-12$0
Total dividends received from registered investment company shares (eg mutual funds)2018-10-12$10
Was this plan covered by a fidelity bond2018-10-12No
If this is an individual account plan, was there a blackout period2018-10-12No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-10-12$0
Were there any nonexempt tranactions with any party-in-interest2018-10-12No
Contributions received from participants2018-10-12$14,120
Participant contributions at end of year2018-10-12$0
Participant contributions at beginning of year2018-10-12$1,250
Administrative expenses (other) incurred2018-10-12$300
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-10-12No
Value of net income/loss2018-10-12$-24,308
Value of net assets at end of year (total assets less liabilities)2018-10-12$0
Value of net assets at beginning of year (total assets less liabilities)2018-10-12$24,308
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-10-12No
Were any loans by the plan or fixed income obligations due to the plan in default2018-10-12No
Were any leases to which the plan was party in default or uncollectible2018-10-12No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-10-12$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-10-12$23,058
Interest on participant loans2018-10-12$24
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-10-12$995
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-10-12No
Was there a failure to transmit to the plan any participant contributions2018-10-12No
Has the plan failed to provide any benefit when due under the plan2018-10-12No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-10-12$39,157
Did the plan have assets held for investment2018-10-12No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-10-12No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-10-12Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-10-12No
Opinion of an independent qualified public accountant for this plan2018-10-12Unqualified
Accountancy firm name2018-10-12MOSS ADAMS
Accountancy firm EIN2018-10-12910189318
2017 : DRIVER PIPELINE COMPANY RETIREMENT PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$27,764
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$3,456
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$3,256
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$25,697
Value of total assets at end of year2017-12-31$24,308
Value of total assets at beginning of year2017-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$200
Total interest from all sources2017-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31No
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$25,697
Participant contributions at end of year2017-12-31$1,250
Participant contributions at beginning of year2017-12-31$0
Administrative expenses (other) incurred2017-12-31$200
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$24,308
Value of net assets at end of year (total assets less liabilities)2017-12-31$24,308
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$0
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
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$23,058
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$2,067
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
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$3,256
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)2017-12-31No
Opinion of an independent qualified public accountant for this plan2017-12-31Unqualified
Accountancy firm name2017-12-31MOSS ADAMS
Accountancy firm EIN2017-12-31910189318

Form 5500 Responses for DRIVER PIPELINE COMPANY RETIREMENT PLAN

2018: DRIVER PIPELINE COMPANY RETIREMENT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingYes
2018-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: DRIVER PIPELINE COMPANY RETIREMENT PLAN 2017 form 5500 responses
2017-02-01Type of plan entitySingle employer plan
2017-02-01First time form 5500 has been submittedYes
2017-02-01Submission has been amendedYes
2017-02-01This submission is the final filingNo
2017-02-01This return/report is a short plan year return/report (less than 12 months)Yes
2017-02-01Plan is a collectively bargained planNo
2017-02-01Plan funding arrangement – TrustYes
2017-02-01Plan benefit arrangement - TrustYes

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