Retirement plan

MEENAN OIL SAVINGS PLAN FOR EMPLOYEES WHO ARE MEMBERS OF LOCAL #469

Name: PETROLEUM HEAT AND POWER CO., INC. - MEENAN OIL SAVINGS PLAN FOR EMPLOYEES WHO ARE MEMBERS OF LOCAL #469 (2024) Form 5500
Creator: PETROLEUM HEAT AND POWER CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEENAN OIL SAVINGS PLAN FOR EMPLOYEES WHO ARE MEMBERS OF LOCAL #469, PETROLEUM HEAT AND POWER CO., INC.

PETROLEUM HEAT AND POWER CO., INC.EIN 11-3083408Plan #004PY 2024

9 WEST BROAD STREET, 3RD FLOOR - STAMFORD, CT 06902203-325-5430LinkedIn11-50 employeesoil & energy

Other plans on this EIN

1 filing

#002Retirement-$5.2M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2.9M

+14.8% from 2023

Total participants

-7.1% from 2023

Average account balance

$112,089

+23.6% from 2023

Annual return

11.19%

-2.27 pp from 2023

Benchmarks

See 10,306 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort10,306 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.91M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3408

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 codes2C2F2G2T3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

2 tripped

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

$89K

$3852 / participant

Other / not subdivided$89K100.0%

% of EOY assets

3.040%

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

$112,089

$110,093+1.8%

$97,295+15.2%

$145,897-23.2%

Participation rate

100.0%

75.9%+24.1pp

72.7%+27.3pp

80.3%+19.7pp

Annual return

11.19%

244.76%-233.6pp

75.62%-64.4pp

552.29%-541.1pp

Employer contribution / active EE

$7,553

$3,077+145.4%

$2,723+177.4%

$4,663+62.0%

Participant deferral / active EE

$4,678-100.0%

$4,264-100.0%

$6,689-100.0%

Admin fee / account holder

$3,408

$6,212-45.1%

$5,646-39.6%

$13,390-74.6%

MEENAN OIL SAVINGS PLAN FOR EMPLOYEES WHO ARE MEMBERS OF LOCAL #469

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEENAN OIL SAVINGS PLAN FOR EMPLOYEES WHO ARE MEMBERS OF LOCAL #469

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