Retirement plan

SHIPLEY SERVICEMEN'S RETIREMENT SAVINGS PLAN

Name: SHIPLEY ENERGY COMPANY - SHIPLEY SERVICEMEN'S RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: SHIPLEY ENERGY COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHIPLEY SERVICEMEN'S RETIREMENT SAVINGS PLAN, SHIPLEY ENERGY COMPANY

SHIPLEY ENERGY COMPANYEIN 23-1702483Plan #005PY 2020

415 NORWAY STREET - YORK, PA 17403717-771-1875shipleyenergy.comLinkedIn201-500 employeesoil & energy

Other plans on this EIN

2 filings

#333Retirement-$23.9M assets #001Retirement-$4.5M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$701K

+6.3% from 2019

Total participants

-10.0% from 2019

Average account balance

$46,735

+20.5% from 2019

Annual return

13.95%

-4.26 pp from 2019

Benchmarks

See 7,945 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort7,945 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$620K

Not enough data

1 years with asset history on file

Average account balance

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

$77K

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.

266.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7168

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 codes2E2J2F2G3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$80K

$8039 / participant

Other / not subdivided$80K100.0%

% of EOY assets

11.468%

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

$46,735

$121,637-61.6%

$104,605-55.3%

$158,931-70.6%

Participation rate

70.0%

77.5%-7.5pp

74.1%-4.1pp

82.0%-12.0pp

Annual return

13.95%

465.32%-451.4pp

340.46%-326.5pp

302.86%-288.9pp

Employer contribution / active EE

$3,163-100.0%

$2,681-100.0%

$4,761-100.0%

Participant deferral / active EE

$2,975

$4,177-28.8%

$3,739-20.4%

$5,982-50.3%

Admin fee / account holder

$5,360

$7,788-31.2%

$6,473-17.2%

$11,247-52.3%

SHIPLEY SERVICEMEN'S RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHIPLEY SERVICEMEN'S RETIREMENT 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