Retirement plan

NATIONAL OIL AND GAS, INC. EMPLOYEES' SAVINGS PLAN

Name: NATIONAL OIL AND GAS, INC. - NATIONAL OIL AND GAS, INC. EMPLOYEES' SAVINGS PLAN (2024) Form 5500
Creator: NATIONAL OIL AND GAS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL OIL AND GAS, INC. EMPLOYEES' SAVINGS PLAN, NATIONAL OIL AND GAS, INC.

NATIONAL OIL AND GAS, INC.EIN 35-0540872Plan #002PY 2024

PO BOX 476 - BLUFFTON, IN 46714260-824-2220natloil.comLinkedIn51-200 employeesoil & energy

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$15.5M

+21.2% from 2023

Total participants

154

+2.0% from 2023

Average account balance

$106,216

+25.3% from 2023

Annual return

12.48%

-23.12 pp from 2023

Benchmarks

See 2,352 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,352 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.51M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

146

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$283

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 2 by compensation

Provider	Service type	Compensation
ONEASCENT FINANCIAL SERVICES LLC1 year Filed as: ONEASCENT FINANCIAL SERVICES, LLC Service code 27 23 INVERNESS CENTER PKWY · BIRMINGHAM, AL 35242	Advisory (Plan)	$34,713
CORRELL CO.2 years Service code 13 · EIN 36-3492086	Contract Administrator	$7,212

Plan features & details

Pension benefit codes2E2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$41K

$331 / participant

Investment mgmt$41K100.0%

% of EOY assets

0.267%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ, SAPPER & MILLER, LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,216

$88,087+20.6%

$164,866-35.6%

$74,546+42.5%

Participation rate

93.6%

73.1%+20.5pp

78.6%+15.0pp

67.2%+26.4pp

Annual return

12.48%

17.27%-4.8pp

69.97%-57.5pp

1366.03%-1353.6pp

Employer contribution / active EE

$10,609

$2,595+308.8%

$4,343+144.3%

$2,624+304.2%

Participant deferral / active EE

$5,557

$4,499+23.5%

$6,033-7.9%

$4,347+27.8%

Admin fee / account holder

$283

$2,232-87.3%

$12,689-97.8%

$1,944-85.4%

Provider

Service type

Compensation

ONEASCENT FINANCIAL SERVICES LLC1 year

Filed as: ONEASCENT FINANCIAL SERVICES, LLC

Service code 27

23 INVERNESS CENTER PKWY · BIRMINGHAM, AL 35242

Advisory (Plan)

$34,713

CORRELL CO.2 years

Service code 13 · EIN 36-3492086

Contract Administrator

$7,212

NATIONAL OIL AND GAS, INC. EMPLOYEES' SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL OIL AND GAS, INC. EMPLOYEES' 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