Retirement plan

WOODRUFF ENERGY, INC. 401(K) SAVINGS PLAN

Name: WOODRUFF ENERGY, INC. - WOODRUFF ENERGY, INC. 401(K) SAVINGS PLAN (2021) Form 5500
Creator: WOODRUFF ENERGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WOODRUFF ENERGY, INC. 401(K) SAVINGS PLAN, WOODRUFF ENERGY, INC.

WOODRUFF ENERGY, INC.EIN 21-0725699Plan #002PY 2021

73 WATER STREET - BRIDGETON, NJ 08302856-455-1111woodruffenergy.comLinkedIn11-50 employeesoil & energy

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.1M

+6.9% from 2020

Total participants

0.0% from 2020

Average account balance

$146,284

-0.7% from 2020

Annual return

12.20%

-0.85 pp from 2020

Benchmarks

See 16,661 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort16,661 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.99M

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

86.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$396K

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

+15.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48569

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

$626K

$14906 / participant

Other / not subdivided$626K100.0%

% of EOY assets

10.190%

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

$146,284

$78,672+85.9%

$109,163+34.0%

$85,856+70.4%

Participation rate

76.2%

68.3%+7.9pp

75.9%+0.3pp

69.3%+6.9pp

Annual return

12.20%

25.09%-12.9pp

25.75%-13.6pp

318.58%-306.4pp

Employer contribution / active EE

$2,219

$2,734-18.8%

$3,723-40.4%

$2,565-13.5%

Participant deferral / active EE

$4,944

$3,467+42.6%

$4,654+6.2%

$3,952+25.1%

Admin fee / account holder

$14,906

$5,470+172.5%

$6,754+120.7%

$6,261+138.1%

WOODRUFF ENERGY, INC. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WOODRUFF ENERGY, INC. 401(K) 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