Back to top
FORM 5500 DATA

Apache Industrial Services 401k Retirement Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan09/01/1994
  • Net Assets as of 12/31/2018 $1,705,891
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants1,750
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits43
  • Subtotal1,793
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total1,793
  • Total number of participants as of 01/01/20181,756
  • Number of participants with account balances190
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address250 Assay, Suite 500
  • CityHouston
  • StateTX
  • Zip77044
  • Telephone(713) 450-9307
  • EIN76-0165304
  • Industry Code332810
  • Named AdministratorJanie Bucio

Audit Information

  • Audit StatusAudited
  • AuditorBriggs & Veselka
  • Auditor EIN74-1769118
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G 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.
2J 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.
2K 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 contributions 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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3B Self-Employed Plan Plan covering Self-Employed individuals.
3D 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.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? Yes $194,577
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $100,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $430,614
Contributions $560,175
Cash Contributions $560,175
Cash from Employers $0
Cash from Participants $513,608
Others (including rollovers) $46,567
Noncash Contributions $0
Total Earnings on Investments $-129,561
Total Interest $1,356
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $1,356
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $-130,917
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $0
Expenses $457,806
Total Benefit Payments $446,931
Directly to participants or beneficiaries, including direct rollovers $446,931
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $10,875
Professional Fees $0
Contract Administrator Fees $10,875
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-27,192
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $1,869,954 $1,826,595 2.37%
Total noninterest-bearing cash $11,044 $11,003 0.37%
Receivables $12,265 $6,311 94.34%
Employer Contributions $0 $0 0.0%
Participant Contributions $12,265 $6,311 94.34%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $48,415 $28,989 67.01%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $1,665,846 $1,611,254 3.39%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $132,384 $169,038 -21.68%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $164,063 $93,512 75.45%
Benefit Claims Payable (1) $164,063 $93,512 75.45%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $1,705,891 $1,733,083 -1.57%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Financial Life Insuran

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $8,274 $0 $8,274
Total $8,274 $0 $8,274

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Transamerica Life Insurance Company American Funds Growth Fund of America Ret Opt DFE: Pooled Separate Account $161,793
Transamerica Life Insurance Company Transamerica Partners Stock Index Ret Opt DFE: Pooled Separate Account $157,387
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2025 Ret Opt DFE: Pooled Separate Account $155,355
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2050 Ret Opt DFE: Pooled Separate Account $126,508
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2030 Ret Opt DFE: Pooled Separate Account $124,460
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2035 Ret Opt DFE: Pooled Separate Account $103,054
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2040 Ret Opt DFE: Pooled Separate Account $102,626
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2020 Ret Opt DFE: Pooled Separate Account $90,001
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2045 Ret Opt DFE: Pooled Separate Account $76,247
Transamerica Life Insurance Company American Funds Fundamental Investors Ret Opt DFE: Pooled Separate Account $76,223
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2055 Ret Opt DFE: Pooled Separate Account $74,799
Transamerica Life Insurance Company Virtus Ceredex Mid-Cap Value Equity Ret Opt DFE: Pooled Separate Account $53,607
Transamerica Life Insurance Company Transamerica Partners High Yield Bond Ret Opt DFE: Pooled Separate Account $52,244
Transamerica Life Insurance Company Goldman Sachs Mid-Cap Opportunities Ret Opt DFE: Pooled Separate Account $48,446
Transamerica Life Insurance Company State Street S&P Mid Cap Index Ret Opt DFE: Pooled Separate Account $45,085
Transamerica Life Insurance Company American Funds Europacific Growth Ret Opt DFE: Pooled Separate Account $43,748
Transamerica Life Insurance Company Wells Fargo Small Cap Value Ret Opt DFE: Pooled Separate Account $40,074
Transamerica Life Insurance Company Aegon Bond Ret Opt DFE: Pooled Separate Account $26,287
Transamerica Life Insurance Company Ta Blackrock Lifepath Index 2060 Ret Opt DFE: Pooled Separate Account $23,217
Transamerica Life Insurance Company Pimco Total Return Ret Opt DFE: Pooled Separate Account $19,108
Transamerica Life Insurance Company Prudential Jennison Natural Resources Ret Opt DFE: Pooled Separate Account $17,647
Transamerica Life Insurance Company Nuveen Real Estate Securities Ret Opt DFE: Pooled Separate Account $13,642
Transamerica Life Insurance Company American Century Inflation-Adjusted Bond Ret Opt DFE: Pooled Separate Account $12,790
Transamerica Life Insurance Company Wells Fargo Precious Metals Ret Opt DFE: Pooled Separate Account $8,141
Transamerica Life Insurance Company Templeton Global Bond Ret Opt DFE: Pooled Separate Account $3,834
Transamerica Life Insurance Company American Funds Smallcap World Ret Opt DFE: Pooled Separate Account $3,343
Transamerica Life Insurance Company Ta Blackrock Lifepath Index Retirement Ret Opt DFE: Pooled Separate Account $2,735
Transamerica Life Insurance Company Invesco Charter Ret Opt DFE: Pooled Separate Account $2,399
Transamerica Life Insurance Company Columbia Acorn International Ret Opt DFE: Pooled Separate Account $1,045
Total $1,665,845

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 186
EIN 39-0989781
Industry Code 86231
Contract Number 801898-000
Contract Year 01/01/2018 — 12/31/2018
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,665,846
Insurance Fees and Commissions $5,975
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Wells Fargo Wealth Brokerage Ins Mail Code D1150-111, 401 S Try Charlotte, NC 28202 Insurance Agent or Broker $4,977 $0 BROKER
Alliance Benefit Group of Houston 7425 Hollister Houston, TX 77040 Third Party Administrator $0 $998 TPA FEES
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract STABLE VALUE OPTION
Balance at the end of the previous year $180,041
Additions $65,432
Contributions Deposited during the year $35,039
Dividends and credits $0
Interest credited during the year $1,125
Transferred from separate account $28,509
Other $759
Total of Balance and Additions $245,473
Deductions $102,046
Disbursed from fund to pay benefits or purchase annuities during the year $79,017
Administration charge made by carrier $581
Transferred to Separate Account $14,042
Other $8,406
Balance at the end of the current year $143,427