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, Clipper Petroleum, Inc. Profit Sharing 401(K) Plan is a benefit plan reported by Clipper Petroleum, Inc. under EIN 58-0606187 and plan number 002. The latest loaded filing year is 2023. The filing reports 271 participants and $7,686,216 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,686,216
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,686,216
- Net assets (BOY)
- $6,682,846
Income & contributions
- Employer contributions
- $153,863
- Participant contributions
- $394,944
- Total contributions
- $596,086
- Total income / additions
- $1,514,578
Expenses & distributions
- Benefits paid
- $467,263
- Administrative expenses
- $43,945
- Total expenses
- $511,208
- Net increase / (decrease)
- $1,003,370