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 (2022) 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 2022

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 flagsLow participant contribution

How to read this page

Total assets (EOY)

$2.7M

-9.2% from 2021

Total participants

+7.1% from 2021

Average account balance

$89,986

-15.3% from 2021

Annual return

-15.31%

-25.68 pp from 2021

Benchmarks

See 9,024 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,024 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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 codes2C2F2G2T

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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$7K

$318 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.271%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,986

$106,543-15.5%

$91,220-1.4%

$134,475-33.1%

Participation rate

100.0%

76.8%+23.2pp

73.2%+26.8pp

81.2%+18.8pp

Annual return

-15.31%

160.60%-175.9pp

114.01%-129.3pp

417.96%-433.3pp

Employer contribution / active EE

$8,075

$3,331+142.4%

$2,850+183.3%

$4,740+70.4%

Participant deferral / active EE

$4,719-100.0%

$4,234-100.0%

$6,400-100.0%

Admin fee / account holder

$244

$6,231-96.1%

$5,420-95.5%

$11,426-97.9%

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