Retirement plan
BP PARTNERSHIP SAVINGS PLAN
BP CORPORATION NORTH AMERICA INC.EIN 36-1812780Plan #051PY 2022
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
CLIFFORD E. YORK
Signed 08/01/2023
Plan administrator entity
EMPLOYEE BENEFITS PLAN ADMINISTRATOR
EIN 743259348
501 WESTLAKE PARK BLVD. · HOUSTON, TX 77079
Summary metrics
Total assets (EOY)
$26.2M
-10.1% from 2016
Total participants
345
+19.2% from 2016
Average account balance
$76,002
-23.7% from 2016
Annual return
-12.91%
-10.95 pp from 2016
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined contribution
Participants<25
Cohort8,665 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $3,612
0
Employer contribution / active EE
$0
median $1,679
0
Participation rate
0.0%
median 88.2%
54
Avg account balance
$76,002
median $55,477
75
Admin fee / account holder
$4
median $857
67
Annual return
-12.91%
median -16.62%
Overall peer rank
65of 100
65th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$36.64M
Average account balance
Total assets / participants with a balance (line 6g)
$87K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
419
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.1%
Contributions (total)
Employer and participant dollars contributed each year
$2.71M
Contributions per participant
Average employer and participant contribution per enrolled participant
$23K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+34.89%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$4
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 |
|---|---|---|
STRATEGIC ADVISORS, INC.4 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $830 |
FIDELITY INVMT. INST. OPERATIONS8+ years Service code 13 · EIN 04-2647786 | Contract Administrator | $550 |
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 codes2E2F2G2J2K3H2T2S
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2SAutomatic enrollmentPlan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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
$1K
- Other / not subdivided$1K100.0%
% of EOY assets
0.005%
all-in expense ratio
Categories reported
0 / 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