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FORM 5500 DATA

2H Offshore, Inc. 401k Profit Sharing Plan & Trust

Overview

Plan Information

  • Plan Year01/01/2017 — 12/31/2017
  • Date of Plan12/01/2000
  • Net Assets as of 12/31/2017 $15,451,286
  • 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 12/31/2017

  • Active (Eligible) Participants98
  • Retired or separated participants receiving benefits4
  • Other retired or separated participants entitled to future benefits0
  • Subtotal102
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total102
  • Total number of participants as of 01/01/2017137
  • Number of participants with account balances102
  • 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

  • Address15990 North Barkers Landing Suite 200
  • CityHouston
  • StateTX
  • Zip77079
  • Telephone(281) 828-2016
  • EIN76-0563800
  • Industry Code541330

Plan Administrator Information

  • Administrator Name2H Offshore Inc
  • Address15990 North Barkers Landing Suite 200
  • CityHouston
  • StateTX
  • Zip77079
  • Telephone(281) 828-2016
  • Administrator EIN76-0563800

Audit Information

  • Audit StatusAudited
  • AuditorRobertson & Robertson, PLLC
  • Auditor EIN26-1631123
  • 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.
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.

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? No
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 $500,000
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 $3,698,105
Contributions $1,444,090
Cash Contributions $1,444,090
Cash from Employers $573,185
Cash from Participants $856,407
Others (including rollovers) $14,498
Noncash Contributions $0
Total Earnings on Investments $2,254,015
Total Interest $2,539
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $2,539
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 $0
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 $2,251,476
Other Income $0
Expenses $1,498,494
Total Benefit Payments $1,489,094
Directly to participants or beneficiaries, including direct rollovers $1,489,094
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $5,936
Interest expense $0
Total Administrative Expenses $3,464
Professional Fees $0
Contract Administrator Fees $3,464
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $2,199,611
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $19,822

Asset and Liability Statement

12/31/2017 12/31/2016 Change YOY
Total Assets $15,451,286 $13,271,497 16.42%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $0 $0 0.0%
Employer Contributions $0 $0 0.0%
Participant Contributions $0 $0 0.0%
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 $62,165 $49,542 25.48%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $0 $11,273,927 -100.00%
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 $13,497,466 $0 0.0%
Value of funds held in insurance co. general account $1,891,655 $1,948,028 -2.89%
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 $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $15,451,286 $13,271,497 16.42%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Voya Retirement Ins and Ann Co

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
Titan Retirement Advisors, LLC Other fees Service Provider $37,651 $0 $37,651
Voya Retirement Insurance and Annui Investment advisory (participants), Investment advisory (plan) Service Provider $379 $0 $379
Total $38,030 $0 $38,030

Indirect Compensation

Name Source of Indirect Compensation* Nature of Service Description of Indirect Compensation Indirect Compensation Paid by Plan
Titan Retirement Advisors, LLC Voya Retirement Insurance and Annui Other fees Other Fees $0
Voya Retirement Insurance and Annui Voya Retirement Insurance and Annui Investment advisory (participants) Investment Advisory (Plan) $0
*As outlined by the Form 5500 Instructions for service providers with indirect compensation.

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
Voya Retirement Insurance & Annuity Variable Investment Funds DFE: Pooled Separate Account $15,389,121
Voya Retirement Insurance & Annuity Fixed Account DFE: Pooled Separate Account $0
Total $15,389,121

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Voya Retirement Insurance & Annuity 102
EIN 71-0294708
Industry Code 86509
Contract Number 878255
Contract Year 01/01/2017 — 12/31/2017
Value in General Account at Year End $1,891,655
Value in Separate Accounts at Year End $13,497,466
Insurance Fees and Commissions $6,797
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
The Allocation Company Po Box 940010 Houston, TX 77094 Third Party Administrator $6,797 $0 TPA FEES
Financial Telesis Inc 4340 Redwood Hwy Sn Rafael, CA 94903 Insurance Agent or Broker $0 $0 N/A
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 Guaranteed Investment
Balance at the end of the previous year $1,948,076
Additions $698,510
Contributions Deposited during the year $176,648
Dividends and credits $0
Interest credited during the year $52,445
Transferred from separate account $462,635
Other $6,782
Total of Balance and Additions $2,646,586
Deductions $754,883
Disbursed from fund to pay benefits or purchase annuities during the year $754,356
Administration charge made by carrier $527
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $1,891,703