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MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN 401k Plan overview

Plan NameMAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN
Plan identification number 018

MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

MAXUS ENERGY CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:MAXUS ENERGY CORPORATION
Employer identification number (EIN):751891531
NAIC Classification:211110
NAIC Description: Oil and Gas Extraction, Oil

Additional information about MAXUS ENERGY CORPORATION

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1983-08-30
Company Identification Number: 0005937806
Legal Registered Office Address: PO BOX 541635

HOUSTON
United States of America (USA)
77254

More information about MAXUS ENERGY CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0182009-01-01SUSAN SKARNESS2010-10-15 KYLA PORCHE2010-10-15
0182009-01-01SUSAN SKARNESS KYLA PORCHE2011-07-14

Plan Statistics for MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN

401k plan membership statisitcs for MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN

Measure Date Value
2009: MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0127
Total number of active participants reported on line 7a of the Form 55002009-01-010
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN

Measure Date Value
2009 : MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
2008 : MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN 2008 401k financial data
Total unrealized appreciation/depreciation of assets2008-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2008-12-31$0
Total income from all sources (including contributions)2008-12-31$-2,540,021
Total loss/gain on sale of assets2008-12-31$0
Total of all expenses incurred2008-12-31$57,888,206
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2008-12-31$57,627,094
Total contributions o plan (from employers,participants, others, non cash contrinutions)2008-12-31$0
Value of total assets at end of year2008-12-31$31,969
Value of total assets at beginning of year2008-12-31$60,460,196
Total of administrative expenses incurred including professional, contract, advisory and management fees2008-12-31$261,112
Total interest from all sources2008-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2008-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2008-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2008-12-31$0
Administrative expenses professional fees incurred2008-12-31$220,498
Was this plan covered by a fidelity bond2008-12-31Yes
Value of fidelity bond cover2008-12-31$3,000,000
Were there any nonexempt tranactions with any party-in-interest2008-12-31No
Administrative expenses (other) incurred2008-12-31$40,614
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2008-12-31No
Value of net income/loss2008-12-31$-60,428,227
Value of net assets at end of year (total assets less liabilities)2008-12-31$31,969
Value of net assets at beginning of year (total assets less liabilities)2008-12-31$60,460,196
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2008-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2008-12-31No
Were any leases to which the plan was party in default or uncollectible2008-12-31No
Value of interest in master investment trust accounts at end of year2008-12-31$31,969
Value of interest in master investment trust accounts at beginning of year2008-12-31$60,460,196
Expenses. Payments to insurance carriers foe the provision of benefits2008-12-31$56,958,943
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2008-12-31No
Was there a failure to transmit to the plan any participant contributions2008-12-31No
Has the plan failed to provide any benefit when due under the plan2008-12-31No
Contributions received in cash from employer2008-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2008-12-31$668,151
Did the plan have assets held for investment2008-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2008-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2008-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2008-12-31Yes
Opinion of an independent qualified public accountant for this plan2008-12-31Disclaimer
Accountancy firm name2008-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2008-12-31133891517

Form 5500 Responses for MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN

2009: MAXUS ENERGY CORPORATION CAREER AVERAGE RETIREMENT INCOME PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingYes
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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