Retirement plan

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

Name: MEENAN OIL CO., L.P. - MEENAN OIL SAVINGS PLAN FOR EMPLOYEES WHO ARE MEMBERS OF LOCAL #469 (2016) Form 5500
Creator: MEENAN OIL CO., L.P.
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, MEENAN OIL CO., L.P.

MEENAN OIL CO., L.P.EIN 11-3083408Plan #004PY 2016

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

Other plans on this EIN

1 filing

#002Retirement-$5.3M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.1M

No prior year

Total participants

No prior year

Average account balance

$93,666

No prior year

Annual return

6.33%

No prior year

Benchmarks

See 2,077 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,077 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.39M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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

$154K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5893

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 codes2F2G2T3D2C

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

$252K

$7879 / participant

Other / not subdivided$252K100.0%

% of EOY assets

8.157%

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

$93,666

$49,025+91.1%

$87,502+7.0%

$62,881+49.0%

Participation rate

93.8%

64.9%+28.9pp

73.8%+19.9pp

69.3%+24.4pp

Annual return

6.33%

10.02%-3.7pp

12.21%-5.9pp

20.14%-13.8pp

Employer contribution / active EE

$7,688

$1,372+460.5%

$2,550+201.5%

$2,281+237.1%

Participant deferral / active EE

$2,289-100.0%

$3,149-100.0%

$3,203-100.0%

Admin fee / account holder

$7,640

$4,065+87.9%

$4,221+81.0%

$4,296+77.8%

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