Retirement plan
BP RETIREMENT ACCUMULATION PLAN
BP CORPORATION NORTH AMERICA INC.EIN 36-1812780Plan #050PY 2023
501 WESTLAKE PARK BLVD., ATTN L CARGILL - HOUSTON, TX 77079281-366-2000
Prospect flagsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CAROLYN O. ADEMA
Signed 10/11/2024
Plan administrator entity
EMPLOYEE BENEFITS PLAN ADMINISTRATOR
EIN 743259348
501 WESTLAKE PARK BLVD · HOUSTON, TX 77079
Summary metrics
Total assets (EOY)
$5493.7M
+2.1% from 2016
Total participants
29,200
+4.6% from 2016
Average account balance
$0
No prior year
Annual return
6.93%
-7.38 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort177 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $40
0
Employer contribution / active EE
$0
median $5,730
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
35
Annual return
6.93%
median 9.38%
Overall peer rank
35of 100
35th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.28B
Average account balance
Total assets / participants with a balance (line 6g)
$183K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
19,042
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$9.90M
Contributions per participant
Average employer and participant contribution per enrolled participant
$708
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+0.25%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 2 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 04-2647786 | Contract Administrator | $1,584,341 |
Service code 11 · EIN 13-2834414 | Actuarial | $630,517 |
Enrolled actuary
1 attachment
SB
PHILIP HELPPI
MERCER
Enrollment #2308575
ONE TOWNE SQUARE
SUITE 1100
SOUTHFIELD, MI 48076
(248) 945-5562
Signed 2024-06-18
Top hat statement on fileNQDC
Filed April 8, 2024 (most recent of 5 filings on file)
Plan administrator
Plans declared (1)
- BP Excess Partnership Savings Plan15 emp
Plan features & details
Pension benefit codes1A1C3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
1 tripped
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
Expense breakdown
Schedule H Part II
Admin total
$5.0M
$519 / participant
- Recordkeeping$2M31.6%
- Actuarial$631K12.6%
- Other / not subdivided$3M55.8%
% of EOY assets
0.091%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- DELOITTE & TOUCHE LLP
- Auditor EIN
- 133891517
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified