Civic Intelligence

Parallel Petroleum LLC

Plan context: Parallel Petroleum 401(K) Plan

EIN 61-1700396 • Midland, TX • 12 filings • 1 plans

1004 N Big Spring StreetSuite 400Midland, TX 79701
Current Snapshot

Latest Year

2023

2023 Participants

29

2023 Assets

$8,386,647

2023 Contributions

$21,719

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$9,923,549$4,961,775$0201220172022YearValue
$8,386,647Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

50250201220172022YearValue
29Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202310$0$21,719-
Parallel Petroleum 401(K) Plan-0$0$21,719-
2022129$8,386,647$478,760$16,509iApproximate average salary by contribution assumption: employee only about $412,724 at 4% or $275,149 at 6%; with 50% employer match about $275,149 at 4% or $183,433 at 6%; with 100% employer match about $206,362 at 4% or $137,575 at 6%.
Parallel Petroleum 401(K) Plan-29$8,386,647$478,760$16,509iApproximate average salary by contribution assumption: employee only about $412,724 at 4% or $275,149 at 6%; with 50% employer match about $275,149 at 4% or $183,433 at 6%; with 100% employer match about $206,362 at 4% or $137,575 at 6%.
2021130$9,923,549$507,287$16,910iApproximate average salary by contribution assumption: employee only about $422,739 at 4% or $281,826 at 6%; with 50% employer match about $281,826 at 4% or $187,884 at 6%; with 100% employer match about $211,370 at 4% or $140,913 at 6%.
Parallel Petroleum 401(K) Plan-30$9,923,549$507,287$16,910iApproximate average salary by contribution assumption: employee only about $422,739 at 4% or $281,826 at 6%; with 50% employer match about $281,826 at 4% or $187,884 at 6%; with 100% employer match about $211,370 at 4% or $140,913 at 6%.
2020132$8,659,762$593,213$18,538iApproximate average salary by contribution assumption: employee only about $463,448 at 4% or $308,965 at 6%; with 50% employer match about $308,965 at 4% or $205,977 at 6%; with 100% employer match about $231,724 at 4% or $154,483 at 6%.
Parallel Petroleum 401(K) Plan-32$8,659,762$593,213$18,538iApproximate average salary by contribution assumption: employee only about $463,448 at 4% or $308,965 at 6%; with 50% employer match about $308,965 at 4% or $205,977 at 6%; with 100% employer match about $231,724 at 4% or $154,483 at 6%.
2019134$8,199,360$551,685$16,226iApproximate average salary by contribution assumption: employee only about $405,651 at 4% or $270,434 at 6%; with 50% employer match about $270,434 at 4% or $180,289 at 6%; with 100% employer match about $202,825 at 4% or $135,217 at 6%.
Parallel Petroleum 401(K) Plan-34$8,199,360$551,685$16,226iApproximate average salary by contribution assumption: employee only about $405,651 at 4% or $270,434 at 6%; with 50% employer match about $270,434 at 4% or $180,289 at 6%; with 100% employer match about $202,825 at 4% or $135,217 at 6%.
2018136$6,769,798$579,048$16,085iApproximate average salary by contribution assumption: employee only about $402,117 at 4% or $268,078 at 6%; with 50% employer match about $268,078 at 4% or $178,719 at 6%; with 100% employer match about $201,058 at 4% or $134,039 at 6%.
Parallel Petroleum 401(K) Plan-36$6,769,798$579,048$16,085iApproximate average salary by contribution assumption: employee only about $402,117 at 4% or $268,078 at 6%; with 50% employer match about $268,078 at 4% or $178,719 at 6%; with 100% employer match about $201,058 at 4% or $134,039 at 6%.
2017136$6,904,117$541,925$15,053iApproximate average salary by contribution assumption: employee only about $376,337 at 4% or $250,891 at 6%; with 50% employer match about $250,891 at 4% or $167,261 at 6%; with 100% employer match about $188,168 at 4% or $125,446 at 6%.
Parallel Petroleum 401(K) Plan-36$6,904,117$541,925$15,053iApproximate average salary by contribution assumption: employee only about $376,337 at 4% or $250,891 at 6%; with 50% employer match about $250,891 at 4% or $167,261 at 6%; with 100% employer match about $188,168 at 4% or $125,446 at 6%.
2016136$6,063,498$649,281$18,036iApproximate average salary by contribution assumption: employee only about $450,890 at 4% or $300,593 at 6%; with 50% employer match about $300,593 at 4% or $200,395 at 6%; with 100% employer match about $225,445 at 4% or $150,297 at 6%.
Parallel Petroleum 401(K) Plan-36$6,063,498$649,281$18,036iApproximate average salary by contribution assumption: employee only about $450,890 at 4% or $300,593 at 6%; with 50% employer match about $300,593 at 4% or $200,395 at 6%; with 100% employer match about $225,445 at 4% or $150,297 at 6%.
2015146$6,581,234$913,259$19,853iApproximate average salary by contribution assumption: employee only about $496,336 at 4% or $330,891 at 6%; with 50% employer match about $330,891 at 4% or $220,594 at 6%; with 100% employer match about $248,168 at 4% or $165,445 at 6%.
Parallel Petroleum 401(K) Plan-46$6,581,234$913,259$19,853iApproximate average salary by contribution assumption: employee only about $496,336 at 4% or $330,891 at 6%; with 50% employer match about $330,891 at 4% or $220,594 at 6%; with 100% employer match about $248,168 at 4% or $165,445 at 6%.
2014150$7,168,022$943,165$18,863iApproximate average salary by contribution assumption: employee only about $471,583 at 4% or $314,388 at 6%; with 50% employer match about $314,388 at 4% or $209,592 at 6%; with 100% employer match about $235,791 at 4% or $157,194 at 6%.
Parallel Petroleum 401(K) Plan-50$7,168,022$943,165$18,863iApproximate average salary by contribution assumption: employee only about $471,583 at 4% or $314,388 at 6%; with 50% employer match about $314,388 at 4% or $209,592 at 6%; with 100% employer match about $235,791 at 4% or $157,194 at 6%.
2013150$7,396,011$869,620$17,392iApproximate average salary by contribution assumption: employee only about $434,810 at 4% or $289,873 at 6%; with 50% employer match about $289,873 at 4% or $193,249 at 6%; with 100% employer match about $217,405 at 4% or $144,937 at 6%.
Parallel Petroleum 401(K) Plan-50$7,396,011$869,620$17,392iApproximate average salary by contribution assumption: employee only about $434,810 at 4% or $289,873 at 6%; with 50% employer match about $289,873 at 4% or $193,249 at 6%; with 100% employer match about $217,405 at 4% or $144,937 at 6%.
2012150$6,251,560$925,761$18,515iApproximate average salary by contribution assumption: employee only about $462,881 at 4% or $308,587 at 6%; with 50% employer match about $308,587 at 4% or $205,725 at 6%; with 100% employer match about $231,440 at 4% or $154,294 at 6%.
Parallel Petroleum 401(K) Plan-50$6,251,560$925,761$18,515iApproximate average salary by contribution assumption: employee only about $462,881 at 4% or $308,587 at 6%; with 50% employer match about $308,587 at 4% or $205,725 at 6%; with 100% employer match about $231,440 at 4% or $154,294 at 6%.