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Retirement plan

BP DIRECTSAVE PLAN

BP CORPORATION NORTH AMERICA INC.EIN 36-1812780Plan #052PY 2024
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501 WESTLAKE PARK BLVD., ATTN L CARGILL - HOUSTON, TX 77079281-366-2000
Other plans on this EIN
6 filings
#001Retirement-$8.26B assets#050Retirement-$5.28B assets#100Retirement-$366.3M assets#051Retirement-$36.6M assets#101Retirement-$34.5M assets#063Retirement-$835K assets
Prospect flagsLow returnsLow participationLow assets / participantLow employer contributionLow participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(281) 366-2000
Plan administrator signer
CAROLYN O. ADEMA
Signed 10/08/2025
Plan administrator entity
EMPLOYEE BENEFITS PLAN ADMINISTRATOR
EIN 743259348
501 WESTLAKE PARK BLVD. · HOUSTON, TX 77079
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Summary metrics

Total assets (EOY)
$37.9M
-1.5% from 2016
Total participants
4,829
+8.9% from 2016
Average account balance
$37,456
-7.4% from 2016
Annual return
12.30%
-5.95 pp from 2016

Benchmarks

See 422 peers
Peer group
Industry32 - Manufacturing
Plan typeDefined contribution
Participants1,000-4,999
Cohort422 peers
Snapshot2024
Participant deferral / active EE
$433
median $5,602
Employer contribution / active EE
$264
median $3,247
Participation rate
13.1%
median 94.5%
Avg account balance
$37,456
median $83,289
Admin fee / account holder
$19
median $96
Annual return
12.30%
median 14.32%
Overall peer rank
21st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$37.91M
Average account balance
Total assets / participants with a balance (line 6g)
$37K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
1,012
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
13.1%
Contributions (total)
Employer and participant dollars contributed each year
$3.06M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$696
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+12.30%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$19
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
ProviderService typeCompensation
FIDELITY INVMTS. INST. OPERATIONS10+ years
Service code 13 · EIN 04-2647786
Contract Administrator
$17,125
STRATEGIC ADVISORS, INC2 years
Service code 27 · EIN 04-2654524
Advisory (Plan)
$2,456

Top hat statement on fileNQDC

Filed April 8, 2024 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
501 Westlake Park Blvd.
Houston, TX 77079
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (1)

  • BP Excess Partnership Savings Plan15 emp
Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K3H2T
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow employer contribution

    Employer contribution per participant is in the bottom quintile of the peer cohort.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • OpportunityLow assets / participant

    Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II
Admin total
$20K
$4 / participant
  • Recordkeeping$17K87.5%
  • Investment mgmt$2K12.5%
% of EOY assets
0.052%
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