Reid 401(K) Profit Sharing & Retirement Plan — Form 5500 plan (Reid Petroleum Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Reid 401(K) Profit Sharing & Retirement Plan is a benefit plan reported by Reid Petroleum Corporation under EIN 16-0840494 and plan number 002. The latest loaded filing year is 2023. The filing reports 949 participants and $18,788,222 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Reid Petroleum Corporation
- EIN
- 16-0840494
- Plan number
- 002
- Plan type
- 2
- Location
- Lockport, NY
- Latest filing year
- 2023
- Participants
- 949
- End-of-year plan assets
- $18,788,222
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 949 | H, C | 20241015140547NAL0016577747002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,788,222
- Net assets (EOY)
- $18,788,222
- Net assets (BOY)
- $15,262,534
Income & contributions
- Employer contributions
- $801,396
- Participant contributions
- $1,035,581
- Total contributions
- $1,836,977
- Total income / additions
- $4,162,407
Expenses & distributions
- Benefits paid
- $568,814
- Administrative expenses
- $67,905
- Total expenses
- $636,719
- Net increase / (decrease)
- $3,525,688
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Definiti, LLC | NONE | $31,287 | not reported in the loaded dataset | 2023 |
| Northwest Bank | TRUSTEE | $26,199 | not reported in the loaded dataset | 2023 |