Permian Holdings, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Permian Holdings, Inc. 401(k) Plan Facts (plan year 2019)

Plan name
PERMIAN HOLDINGS 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PERMIAN HOLDINGS, INC.
Participants
451 (245 active employees)
Former employees with a balance
30
Plan assets
$1,760,832 at Dec 31, 2019
Average account balance
$12,760 across 138 accounts
Employer contributions
$334,022 in plan year 2019 (38% of all contributions)
Recordkeeper
Adp, Llc
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 2018
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 14, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $870,827 went into the plan in contributions, $334,022 of it from the employer (38%).
  • $490,033 was paid out to participants.
  • Investment and other income added $287,679.
  • Administrative expenses were $14,120, about $102 per account.

How the Permian Holdings, Inc. 401(k) changed, 2009–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009 (final)239$0$0$364,829
2018415$1.12 million$492,394$73,406
2019451$1.76 million$334,022$490,033

Permian Holdings, Inc. 401(k) Contact Information

Phone
432-580-1116
Mailing address
2701 W. INTERSTATE 20, ODESSA TX 79766
Plan sponsor
PERMIAN HOLDINGS, INC.
Employer identification number (EIN)
75-1507228
Plan number
001

Questions about the Permian Holdings, Inc. 401(k)

Is the Permian Holdings, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Permian Holdings, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $334,022, 38% of all contributions.

Does the Permian Holdings, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Permian Holdings, Inc 401(k) plan?

451 participants at the start of plan year 2019, 245 of them active employees, and 30 former employees who still had money in the plan.

What is the average 401(k) balance at Permian Holdings, Inc?

About $12,760 per account: $1.76 million in plan assets across 138 accounts with a balance at the end of plan year 2019.

Who manages the Permian Holdings, Inc 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

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