Retirement plan

OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN

Name: OCONNELL OIL ASSOCIATES INC. - OCONNELL OIL ASSOCIATES INC. 401K SAVINGS PLAN (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+13.7% from 2023

Total participants

101

+7.4% from 2023

Average account balance

$47,565

-6.0% from 2023

Annual return

15.29%

+14.82 pp from 2023

Benchmarks

See 9,334 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,334 peers

Snapshot2024

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

$424K

$8656 / participant

Other / not subdivided$424K100.0%

% of EOY assets

9.099%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,565

$71,215-33.2%

$93,696-49.2%

$80,935-41.2%

Participation rate

93.9%

60.4%+33.5pp

68.7%+25.2pp

67.7%+26.2pp

Annual return

15.29%

11.27%+4.0pp

133.74%-118.4pp

35.66%-20.4pp

Employer contribution / active EE

$5,102

$1,565+226.0%

$2,422+110.7%

$2,757+85.1%

Participant deferral / active EE

$1,598

$4,037-60.4%

$4,417-63.8%

$4,299-62.8%

Admin fee / account holder

$4,328

$6,958-37.8%

$8,287-47.8%

$6,924-37.5%

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