Parallel Petroluem Corporation
Plan context: Parallel Petroleum Corporation 401 K Plan
EIN 75-1971716 • Midland, TX • 5 filings • 1 plans
Current Snapshot
Latest Year
2009
2009 Participants
44
2009 Assets
$3,632,017
2009 Contributions
$832,303
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
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 / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2009 | 1 | 44 | $3,632,017 | $832,303 | $18,916iApproximate average salary by contribution assumption: employee only about $472,899 at 4% or $315,266 at 6%; with 50% employer match about $315,266 at 4% or $210,178 at 6%; with 100% employer match about $236,450 at 4% or $157,633 at 6%. |
| Parallel Petroleum Corporation 401 K Plan | - | 44 | $3,632,017 | $832,303 | $18,916iApproximate average salary by contribution assumption: employee only about $472,899 at 4% or $315,266 at 6%; with 50% employer match about $315,266 at 4% or $210,178 at 6%; with 100% employer match about $236,450 at 4% or $157,633 at 6%. |
| 2008 | 1 | 46 | $2,155,970 | $782,048 | $17,001iApproximate average salary by contribution assumption: employee only about $425,026 at 4% or $283,351 at 6%; with 50% employer match about $283,351 at 4% or $188,900 at 6%; with 100% employer match about $212,513 at 4% or $141,675 at 6%. |
| Parallel Petroleum Corporation 401 K Plan | - | 46 | $2,155,970 | $782,048 | $17,001iApproximate average salary by contribution assumption: employee only about $425,026 at 4% or $283,351 at 6%; with 50% employer match about $283,351 at 4% or $188,900 at 6%; with 100% employer match about $212,513 at 4% or $141,675 at 6%. |
| 2007 | 1 | 42 | $2,304,781 | $679,491 | $16,178iApproximate average salary by contribution assumption: employee only about $404,459 at 4% or $269,639 at 6%; with 50% employer match about $269,639 at 4% or $179,760 at 6%; with 100% employer match about $202,229 at 4% or $134,820 at 6%. |
| Parallel Petroleum Corporation 401 K Plan | - | 42 | $2,304,781 | $679,491 | $16,178iApproximate average salary by contribution assumption: employee only about $404,459 at 4% or $269,639 at 6%; with 50% employer match about $269,639 at 4% or $179,760 at 6%; with 100% employer match about $202,229 at 4% or $134,820 at 6%. |
| 2006 | 1 | 41 | $1,478,887 | $598,429 | $14,596iApproximate average salary by contribution assumption: employee only about $364,896 at 4% or $243,264 at 6%; with 50% employer match about $243,264 at 4% or $162,176 at 6%; with 100% employer match about $182,448 at 4% or $121,632 at 6%. |
| Parallel Petroleum Corporation 401 K Plan | - | 41 | $1,478,887 | $598,429 | $14,596iApproximate average salary by contribution assumption: employee only about $364,896 at 4% or $243,264 at 6%; with 50% employer match about $243,264 at 4% or $162,176 at 6%; with 100% employer match about $182,448 at 4% or $121,632 at 6%. |
| 2005 | 1 | 36 | $773,697 | $737,818 | $20,495iApproximate average salary by contribution assumption: employee only about $512,374 at 4% or $341,582 at 6%; with 50% employer match about $341,582 at 4% or $227,722 at 6%; with 100% employer match about $256,187 at 4% or $170,791 at 6%. |
| Parallel Petroleum Corporation 401 K Plan | - | 36 | $773,697 | $737,818 | $20,495iApproximate average salary by contribution assumption: employee only about $512,374 at 4% or $341,582 at 6%; with 50% employer match about $341,582 at 4% or $227,722 at 6%; with 100% employer match about $256,187 at 4% or $170,791 at 6%. |