Retirement plan

VITOL INC. 401(K) PLAN

Name: VITOL INC. - VITOL INC. 401(K) PLAN (2024) Form 5500
Creator: VITOL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VITOL INC. 401(K) PLAN, VITOL INC.

VITOL INC.EIN 20-5733288Plan #002PY 2024

2925 RICHMOND AVE., 11TH FLOOR - HOUSTON, TX 77098713-230-1000

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$165.4M

+20.0% from 2023

Total participants

608

+16.3% from 2023

Average account balance

$282,670

+6.7% from 2023

Annual return

17.30%

-5.72 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$165.36M

Not enough data

1 years with asset history on file

Average account balance

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

$283K

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.

585

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+17.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$243

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC4 years Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 16 · EIN 36-4291971	Consulting	$52,000
STRATEGIC ADVISORS, INC.9 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$31,581
HARPER & PEARSON COMPANY, P.C.3 years Service code 10 · EIN 74-1695589	Accounting	$12,500
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$28,452

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$142K

$320 / participant

Recordkeeping$46K32.1%
Investment mgmt$32K22.2%
Contract admin$3000.2%
Other / not subdivided$65K45.4%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HARPER & PEARSON COMPANY
Auditor EIN: 741695589
Audit fees: $12,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$282,670

$89,465+216.0%

$165,100+71.2%

$77,762+263.5%

Participation rate

94.8%

78.6%+16.2pp

70.6%+24.2pp

Annual return

17.30%

28.86%-11.6pp

70.21%-52.9pp

31.27%-14.0pp

Employer contribution / active EE

$15,361

$2,565+498.9%

$4,348+253.3%

$2,728+463.1%

Participant deferral / active EE

$17,979

$4,904+266.6%

$6,035+197.9%

$4,651+286.6%

Admin fee / account holder

$243

$340-28.6%

$12,696-98.1%

$433-43.9%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC4 years

Filed as: GALLAGHER BENEFIT SERVICES, INC.

Service code 16 · EIN 36-4291971

Consulting

$52,000

STRATEGIC ADVISORS, INC.9 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$31,581

HARPER & PEARSON COMPANY, P.C.3 years

Service code 10 · EIN 74-1695589

Accounting

$12,500

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$28,452

VITOL INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VITOL INC. 401(K) 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