Retirement plan

SHIPLEY SERVICEMEN'S RETIREMENT SAVINGS PLAN

Name: SHIPLEY ENERGY COMPANY - SHIPLEY SERVICEMEN'S RETIREMENT SAVINGS PLAN (2023) 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 2023

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

Other plans on this EIN

2 filings

#333Retirement-$26.6M assets #001Retirement-$5.0M assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$468K

-36.5% from 2022

Total participants

-29.4% from 2022

Average account balance

$46,846

-4.7% from 2022

Annual return

13.13%

+29.91 pp from 2022

Benchmarks

See 9,621 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort9,621 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$563K

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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 codes2E2J2F2G3D2T

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

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

$394K

$56219 / participant

Other / not subdivided$394K100.0%

% of EOY assets

84.006%

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

$46,846

$110,303-57.5%

$95,759-51.1%

$139,487-66.4%

Participation rate

71.4%

75.7%-4.3pp

72.3%-0.8pp

80.3%-8.9pp

Annual return

13.13%

27.19%-14.1pp

28.42%-15.3pp

373.84%-360.7pp

Employer contribution / active EE

$3,261-100.0%

$2,836-100.0%

$4,755-100.0%

Participant deferral / active EE

$3,879

$4,674-17.0%

$4,244-8.6%

$6,713-42.2%

Admin fee / account holder

$39,353

$6,615+494.9%

$5,678+593.0%

$11,407+245.0%

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