Retirement plan

OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN

Name: OCONNELL OIL ASSOCIATES INC. - OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN (2018) Form 5500
Creator: OCONNELL OIL ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN, OCONNELL OIL ASSOCIATES INC.

OCONNELL OIL ASSOCIATES INC.EIN 04-2943030Plan #002PY 2018

545 MERRILL ROAD - PITTSFIELD, MA 012013722413-499-4800oconnelloil.comLinkedIn1-10 employeesconsumer services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+2.7% from 2017

Total participants

-41.1% from 2017

Average account balance

$37,040

No prior year

Annual return

10.43%

+1.67 pp from 2017

Benchmarks

See 9,413 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,413 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.74M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$52K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

202.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$204K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+7.12%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$5411

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$32,662
PETER E. SMITH3+ years Service code 16 · EIN 03-1369707	Consulting	$14,628
STRATEGIC PENSION SERVICES, LLC3+ years Service code 13 · EIN 14-1836262	Contract Administrator	$7,238

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$35K

$820 / participant

Contract admin$35K100.0%

% of EOY assets

1.023%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOWNEY & COMPANY, LLP
Auditor EIN: 043106302
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,040

$50,947-27.3%

$74,551-50.3%

$64,173-42.3%

Participation rate

100.0%

61.1%+38.9pp

69.1%+30.9pp

69.6%+30.4pp

Annual return

10.43%

-1.85%+12.3pp

32.53%-22.1pp

7.63%+2.8pp

Employer contribution / active EE

$1,453

$1,115+30.3%

$1,961-25.9%

$2,381-38.9%

Participant deferral / active EE

$1,187

$2,302-48.4%

$3,108-61.8%

$3,470-65.8%

Admin fee / account holder

$379

$4,221-91.0%

$5,059-92.5%

$4,887-92.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$32,662

PETER E. SMITH3+ years

Service code 16 · EIN 03-1369707

Consulting

$14,628

STRATEGIC PENSION SERVICES, LLC3+ years

Service code 13 · EIN 14-1836262

Contract Administrator

$7,238

OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion