Civic Intelligence
Filing

Offshore Group 401K Savings Plan

Offshore Express Inc. • EIN 72-0815708 • Plan year 2008

Company ProfileSource Archive
Filing Insights

Participants

Down

483 → 294

-189 • -39.13%

Assets

Down

$8,870,268 → $7,230,632

-$1,639,636 • -18.48%

Investment Management Fee

0.00%

$0

Admin expenses $3,901 • Total expenses $1,675,991

Filing Details

Context
Net investment result
$-1,639,636
Pension payor EIN
20-3691658

Status Flags

Fidelity bond in place

Yes

Limited-scope audit performed

Not reported

Contributions transmitted on time

No

Participant loans in default

No

Leases in default

No

Reportable party-in-interest issues

No

Loss discovered during year

No

Assets with undetermined value

No

Non-cash contributions

No

Assets held for investment

Yes

5% transactions reported

No

All plan assets distributed

No

Benefits paid when due

Not reported

Plan blackout period

Not reported

Plan termination resolution adopted

No

Counterparties
ProviderServicesLocationDirect CompensationRelated
BOURGEOIS BENNETT, L.L.C.EIN 72-0136870Accountant--Bourgeois Bennett, L.L.C.

Company Timeline

This filing is highlighted inside the broader sponsor history.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
20162110$4,722,252$177,315$1,612iApproximate average salary by contribution assumption: employee only about $40,299 at 4% or $26,866 at 6%; with 50% employer match about $26,866 at 4% or $17,911 at 6%; with 100% employer match about $20,149 at 4% or $13,433 at 6%.
Offshore Group 401K Savings Plan-16$4,722,252$177,315$11,082iApproximate average salary by contribution assumption: employee only about $277,055 at 4% or $184,703 at 6%; with 50% employer match about $184,703 at 4% or $123,135 at 6%; with 100% employer match about $138,527 at 4% or $92,352 at 6%.
Offshore Express Employee Benefit Plan-110---
20152138$8,219,146$935,440$6,779iApproximate average salary by contribution assumption: employee only about $169,464 at 4% or $112,976 at 6%; with 50% employer match about $112,976 at 4% or $75,317 at 6%; with 100% employer match about $84,732 at 4% or $56,488 at 6%.
Offshore Group 401K Savings Plan-69$8,219,146$935,440$13,557iApproximate average salary by contribution assumption: employee only about $338,928 at 4% or $225,952 at 6%; with 50% employer match about $225,952 at 4% or $150,634 at 6%; with 100% employer match about $169,464 at 4% or $112,976 at 6%.
Offshore Express Employee Benefit Plan-138---
20142151$7,868,307$842,774$5,581iApproximate average salary by contribution assumption: employee only about $139,532 at 4% or $93,021 at 6%; with 50% employer match about $93,021 at 4% or $62,014 at 6%; with 100% employer match about $69,766 at 4% or $46,511 at 6%.
Offshore Group 401K Savings Plan-102$7,868,307$842,774$8,262iApproximate average salary by contribution assumption: employee only about $206,562 at 4% or $137,708 at 6%; with 50% employer match about $137,708 at 4% or $91,805 at 6%; with 100% employer match about $103,281 at 4% or $68,854 at 6%.
Offshore Express Employee Benefit Plan-151---
20132131$7,487,957$876,247$6,689iApproximate average salary by contribution assumption: employee only about $167,223 at 4% or $111,482 at 6%; with 50% employer match about $111,482 at 4% or $74,321 at 6%; with 100% employer match about $83,611 at 4% or $55,741 at 6%.
Offshore Group 401K Savings Plan-89$7,487,957$876,247$9,845iApproximate average salary by contribution assumption: employee only about $246,137 at 4% or $164,091 at 6%; with 50% employer match about $164,091 at 4% or $109,394 at 6%; with 100% employer match about $123,068 at 4% or $82,046 at 6%.
Offshore Express Employee Benefit Plan-131---
20122152$7,032,862$1,039,740$6,840iApproximate average salary by contribution assumption: employee only about $171,010 at 4% or $114,007 at 6%; with 50% employer match about $114,007 at 4% or $76,004 at 6%; with 100% employer match about $85,505 at 4% or $57,003 at 6%.
Offshore Group 401K Savings Plan-152$7,032,862$1,039,740$6,840iApproximate average salary by contribution assumption: employee only about $171,010 at 4% or $114,007 at 6%; with 50% employer match about $114,007 at 4% or $76,004 at 6%; with 100% employer match about $85,505 at 4% or $57,003 at 6%.
Offshore Express Employee Benefit Plan-149---
20112181$6,174,134$1,035,759$5,722iApproximate average salary by contribution assumption: employee only about $143,061 at 4% or $95,374 at 6%; with 50% employer match about $95,374 at 4% or $63,583 at 6%; with 100% employer match about $71,530 at 4% or $47,687 at 6%.
Offshore Group 401K Savings Plan-176$6,174,134$1,035,759$5,885iApproximate average salary by contribution assumption: employee only about $147,125 at 4% or $98,083 at 6%; with 50% employer match about $98,083 at 4% or $65,389 at 6%; with 100% employer match about $73,562 at 4% or $49,042 at 6%.
Offshore Express Employee Benefit Plan-181---
20102148$6,271,638$1,105,083$7,467iApproximate average salary by contribution assumption: employee only about $186,669 at 4% or $124,446 at 6%; with 50% employer match about $124,446 at 4% or $82,964 at 6%; with 100% employer match about $93,335 at 4% or $62,223 at 6%.
Offshore Group 401K Savings Plan-148$6,271,638$1,105,083$7,467iApproximate average salary by contribution assumption: employee only about $186,669 at 4% or $124,446 at 6%; with 50% employer match about $124,446 at 4% or $82,964 at 6%; with 100% employer match about $93,335 at 4% or $62,223 at 6%.
Offshore Express Employee Benefit Plan-145---
20092240$7,294,845$1,589,818$6,624iApproximate average salary by contribution assumption: employee only about $165,606 at 4% or $110,404 at 6%; with 50% employer match about $110,404 at 4% or $73,603 at 6%; with 100% employer match about $82,803 at 4% or $55,202 at 6%.
Offshore Group 401K Savings Plan-216$7,294,845$1,589,818$7,360iApproximate average salary by contribution assumption: employee only about $184,007 at 4% or $122,671 at 6%; with 50% employer match about $122,671 at 4% or $81,781 at 6%; with 100% employer match about $92,003 at 4% or $61,336 at 6%.
Offshore Express Employee Benefit Plan-240---
20082294$7,230,632$1,952,280$6,640iApproximate average salary by contribution assumption: employee only about $166,010 at 4% or $110,673 at 6%; with 50% employer match about $110,673 at 4% or $73,782 at 6%; with 100% employer match about $83,005 at 4% or $55,337 at 6%.
Offshore Group 401K Savings PlanCurrent294$7,230,632$1,952,280$6,640iApproximate average salary by contribution assumption: employee only about $166,010 at 4% or $110,673 at 6%; with 50% employer match about $110,673 at 4% or $73,782 at 6%; with 100% employer match about $83,005 at 4% or $55,337 at 6%.
Offshore Express Employee Benefit Plan-284---
20072427$8,870,268$2,748,693$6,437iApproximate average salary by contribution assumption: employee only about $160,931 at 4% or $107,287 at 6%; with 50% employer match about $107,287 at 4% or $71,525 at 6%; with 100% employer match about $80,465 at 4% or $53,644 at 6%.
Offshore Group 401K Savings Plan-427$8,870,268$2,748,693$6,437iApproximate average salary by contribution assumption: employee only about $160,931 at 4% or $107,287 at 6%; with 50% employer match about $107,287 at 4% or $71,525 at 6%; with 100% employer match about $80,465 at 4% or $53,644 at 6%.
Offshore Express Employee Benefit Plan-413---
20062483$7,279,198$2,226,980$4,611iApproximate average salary by contribution assumption: employee only about $115,268 at 4% or $76,845 at 6%; with 50% employer match about $76,845 at 4% or $51,230 at 6%; with 100% employer match about $57,634 at 4% or $38,423 at 6%.
Offshore Group 401K Savings Plan-483$7,279,198$2,226,980$4,611iApproximate average salary by contribution assumption: employee only about $115,268 at 4% or $76,845 at 6%; with 50% employer match about $76,845 at 4% or $51,230 at 6%; with 100% employer match about $57,634 at 4% or $38,423 at 6%.
Offshore Express Employee Benefit Plan-464---
20052399$5,205,734$1,968,006$4,932iApproximate average salary by contribution assumption: employee only about $123,309 at 4% or $82,206 at 6%; with 50% employer match about $82,206 at 4% or $54,804 at 6%; with 100% employer match about $61,654 at 4% or $41,103 at 6%.
Offshore Group 401K Savings Plan-156$5,205,734$1,968,006$12,615iApproximate average salary by contribution assumption: employee only about $315,386 at 4% or $210,257 at 6%; with 50% employer match about $210,257 at 4% or $140,171 at 6%; with 100% employer match about $157,693 at 4% or $105,129 at 6%.
Offshore Express Employee Benefit Plan-399---
20042358$3,739,016$1,089,983$3,045iApproximate average salary by contribution assumption: employee only about $76,116 at 4% or $50,744 at 6%; with 50% employer match about $50,744 at 4% or $33,829 at 6%; with 100% employer match about $38,058 at 4% or $25,372 at 6%.
Offshore Group 401K Savings Plan-326$3,739,016$1,089,983$3,344iApproximate average salary by contribution assumption: employee only about $83,588 at 4% or $55,725 at 6%; with 50% employer match about $55,725 at 4% or $37,150 at 6%; with 100% employer match about $41,794 at 4% or $27,863 at 6%.
Offshore Express Employee Benefit Plan-358---
20032342$3,280,100$893,715$2,613iApproximate average salary by contribution assumption: employee only about $65,330 at 4% or $43,553 at 6%; with 50% employer match about $43,553 at 4% or $29,036 at 6%; with 100% employer match about $32,665 at 4% or $21,777 at 6%.
Offshore Group 401K Savings Plan-284$3,280,100$893,715$3,147iApproximate average salary by contribution assumption: employee only about $78,672 at 4% or $52,448 at 6%; with 50% employer match about $52,448 at 4% or $34,965 at 6%; with 100% employer match about $39,336 at 4% or $26,224 at 6%.
Offshore Express Employee Benefit Plan-342---
20022297$2,485,280$935,461$3,150iApproximate average salary by contribution assumption: employee only about $78,743 at 4% or $52,495 at 6%; with 50% employer match about $52,495 at 4% or $34,997 at 6%; with 100% employer match about $39,371 at 4% or $26,248 at 6%.
Offshore Group 401K Savings Plan-243$2,485,280$935,461$3,850iApproximate average salary by contribution assumption: employee only about $96,241 at 4% or $64,161 at 6%; with 50% employer match about $64,161 at 4% or $42,774 at 6%; with 100% employer match about $48,120 at 4% or $32,080 at 6%.
Offshore Express Employee Benefit Plan-297---
20012302$2,070,681$709,627$2,350iApproximate average salary by contribution assumption: employee only about $58,744 at 4% or $39,163 at 6%; with 50% employer match about $39,163 at 4% or $26,108 at 6%; with 100% employer match about $29,372 at 4% or $19,581 at 6%.
Offshore Group 401K Savings Plan-302$2,070,681$709,627$2,350iApproximate average salary by contribution assumption: employee only about $58,744 at 4% or $39,163 at 6%; with 50% employer match about $39,163 at 4% or $26,108 at 6%; with 100% employer match about $29,372 at 4% or $19,581 at 6%.
Offshore Express Employee Benefit Plan-241---
20002245$1,504,353$431,059$1,759iApproximate average salary by contribution assumption: employee only about $43,986 at 4% or $29,324 at 6%; with 50% employer match about $29,324 at 4% or $19,549 at 6%; with 100% employer match about $21,993 at 4% or $14,662 at 6%.
Offshore Group 401K Savings Plan-176$1,504,353$431,059$2,449iApproximate average salary by contribution assumption: employee only about $61,230 at 4% or $40,820 at 6%; with 50% employer match about $40,820 at 4% or $27,213 at 6%; with 100% employer match about $30,615 at 4% or $20,410 at 6%.
Offshore Express Employee Benefit Plan-245---
19992153$1,165,065$422,360$2,761iApproximate average salary by contribution assumption: employee only about $69,013 at 4% or $46,009 at 6%; with 50% employer match about $46,009 at 4% or $30,672 at 6%; with 100% employer match about $34,507 at 4% or $23,004 at 6%.
Offshore Group 401K Savings Plan-153$1,165,065$422,360$2,761iApproximate average salary by contribution assumption: employee only about $69,013 at 4% or $46,009 at 6%; with 50% employer match about $46,009 at 4% or $30,672 at 6%; with 100% employer match about $34,507 at 4% or $23,004 at 6%.
Offshore Express Employee Benefit Plan-145---
Schedule Details

Schedule D

Row 1
Filing Id
84037015499540
Page Id
3
Page Seq
0
Page Row Num
1
Row Num
0
Image Form Id
8030370015499040002

Schedule H

Schedule H Financial Statement

Large plan result

Assets, contributions, fees, audit, and compliance fields reported for this large-plan filing.

End-of-year assets$7,230,632-$1,639,636 change

Balance Sheet

Beginning and end of plan year.

Total assets$8,870,268$7,230,632Decrease -$1,639,636 (-18.48%)
Total liabilities$0$0No change $0
Net assets$8,870,268$7,230,632Decrease -$1,639,636 (-18.48%)

Contributions

Employer contributions$546,961
Participant contributions$1,368,410
Other contributions$36,909
Total contributions$1,952,280

Income & Investment Result

Total income$36,355
Interest$52,233
Dividends$0
Net income$-1,639,636

Expenses & Fees

Benefits paid$1,422,117
Investment management$0
Administrative expenses$3,901
Total expenses$1,675,991

Accountant

FirmBOURGEOIS BENNETT, L.L.C.
Firm EIN72-0136870

Compliance

Fidelity bondYes
Fidelity bond amount$500,000
Participant loans$713,973
Late contributionsNo
Schedule H source fields
Financial summary
Total assets at beginning of year: $8,870,268Total assets at end of year: $7,230,632Total liabilities at end of year: $0Net income or loss: $-1,639,636
Filing Id
84037015499540
Schedule H EIN
72-0815708
Schedule H Plan number
001
Schedule H Plan Year Begin Date
2008-01-01
Schedule H Tax Period
20081231
Non Interest Bear Cash Beginning of year Amount
$0
Employer Contribution Beginning of year Amount
$0
Participants Contribution Beginning of year Amount
$0
Other Receivables Beginning of year Amount
$0
Interest Bear Cash Beginning of year Amount
$0
Govt Sec Beginning of year Amount
$0
Corp Debt Preferred Beginning of year Amount
$0
Corp Debt Other Beginning of year Amount
$0
Pref Stock Beginning of year Amount
$0
Common Stock Beginning of year Amount
$0
Joint Venture Beginning of year Amount
$0
Real Estate Beginning of year Amount
$0
Other Loans Beginning of year Amount
$0
Participant loans at beginning of year
$809,315
Interest Common Tr Beginning of year Amount
$2,082,469
Interest Pool Sep Account Beginning of year Amount
$0
Interest Master Tr Beginning of year Amount
$0
Interest 103 12 Investment Beginning of year Amount
$0
Interest in registered investment companies at beginning of year
$5,978,484
Ins Co Gen Account Beginning of year Amount
$0
Oth Investment Beginning of year Amount
$0
Employer Sec Beginning of year Amount
$0
Employer Prop Beginning of year Amount
$0
Bldgs Used Beginning of year Amount
$0
Total assets at beginning of year
$8,870,268
Bnfts Payable Beginning of year Amount
$0
Oprtng Payable Beginning of year Amount
$0
Acquis Indbt Beginning of year Amount
$0
Other Liability Beginning of year Amount
$0
Total liabilities at beginning of year
$0
Net assets at beginning of year
$8,870,268
Non Interest Bear Cash End of year Amount
$0
Employer Contribution End of year Amount
$0
Participants Contribution End of year Amount
$0
Other Receivables End of year Amount
$0
Interest Bear Cash End of year Amount
$0
Govt Sec End of year Amount
$0
Corp Debt Preferred End of year Amount
$0
Corp Debt Other End of year Amount
$0
Pref Stock End of year Amount
$0
Common Stock End of year Amount
$0
Joint Venture End of year Amount
$0
Real Estate End of year Amount
$0
Other Loans End of year Amount
$0
Participant loans at end of year
$713,973
Interest Common Tr End of year Amount
$2,680,011
Interest Pool Sep Account End of year Amount
$0
Interest Master Tr End of year Amount
$0
Interest 103 12 Investment End of year Amount
$0
Interest in registered investment companies at end of year
$3,836,648
Ins Co Gen Account End of year Amount
$0
Oth Investment End of year Amount
$0
Employer Sec End of year Amount
$0
Employer Prop End of year Amount
$0
Bldgs Used End of year Amount
$0
Total assets at end of year
$7,230,632
Bnfts Payable End of year Amount
$0
Oprtng Payable End of year Amount
$0
Acquis Indbt End of year Amount
$0
Other Liability End of year Amount
$0
Total liabilities at end of year
$0
Net assets at end of year
$7,230,632
Employer contributions
$546,961
Participant contributions
$1,368,410
Oth Contribution Rcvd Amount
$36,909
Non Cash Contribution Bs Amount
$0
Total contributions
$1,952,280
Interest Bear Cash Amount
$0
Interest On Govt Sec Amount
$0
Interest On Corp Debt Amount
$0
Interest On Oth Loans Amount
$0
Interest on participant loans
$52,233
Interest On Oth Investment Amount
$0
Total interest income
$52,233
Divnd Pref Stock Amount
$0
Divnd Common Stock Amount
$0
Total dividend income
$0
Total Rents Amount
$0
Aggregate Proceeds Amount
$0
Aggregate Costs Amount
$0
Net gain or loss on sale of assets
$0
Unrealized Apprctn Re Amount
$0
Unrealized Apprctn Oth Amount
$0
Net unrealized appreciation or depreciation
$0
Gain Loss Com Trust Amount
$61,009
Gain Loss Pool Sep Amount
$0
Gain Loss Master Tr Amount
$0
Gain Loss 103 12 Investment Amount
$0
Gain or loss on registered investments
$-2,029,167
Other Income Amount
$0
Total income
$36,355
Participant distributions
$1,422,117
Ins Carrier Bnfts Amount
$0
Oth Bnft Payment Amount
$0
Total benefit distributions
$1,422,117
Total Corrective Distribution Amount
$5,659
Total Dm Distribution Ptcp Lns A
244314
Total Interest Expense Amount
$0
Professional Fees Amount
$0
Contract Admin Fees Amount
$3,901
Investment management fees
$0
Other Admin Fees Amount
$0
Total administrative expenses
$3,901
Total expenses
$1,675,991
Net income or loss
$-1,639,636
Total Transfers To Amount
$0
Transfers from other plans
$0
Accountant Opinion Type Indicator
3
Account Performed Limited Audit Indicator
Yes
Accountant firm name
BOURGEOIS BENNETT, L.L.C.
Accountant firm EIN
72-0136870
Failed to transmit participant contributions on time
No
Fail Transmit Contribution Amount
$0
Participant loans in default
No
Loans In Default Amount
$0
Leases in default
No
Leases In Default Amount
$0
Nonexempt transactions with parties in interest
No
Party In Interest Not Reported Amount
$0
Fidelity bond in place
Yes
Fidelity bond amount
$500,000
Loss discovered during year
No
Loss Discovered Dur Year Amount
$0
Assets with undetermined value
No
Asset Undeterm Valuation Amount
$0
Non-cash contributions reported
No
Non Cash Contribution Amount
$0
Assets held for investment
Yes
Reportable 5% transactions
No
All plan assets distributed
No
Resolution to terminate plan adopted
No
Res Terminate Plan Adpt Amount
$0

Schedule R

Schedule R Pension Information

Retirement plan characteristics

Testing, payor, opinion-letter, and transfer information reported with the filing.

Pension & Payor

Payor EIN20-3691658

Transfers

Distributed property value$0
Schedule R source fields
Payor 20-3691658
Filing Id
84037015499540
Schedule R EIN
72-0815708
Schedule R Plan number
001
Schedule R Plan Year Begin Date
2008-01-01
Schedule R Tax Period
20081231
Pension Value Dstrb Pd Property Amount
$0
Pension payor EIN
20-3691658
Pension Bnft Distribution Sngl Sum Count
0
Pension Employer Contribution Rqr Amount
$0
Pension Employer Contribution Paid Amount
$0
Pension Funding Deficiency Amount
$0