Retirement plan

OHIO VALLEY GAS CORPORATION EMPLOYEES' 401(K) PLAN

Name: OHIO VALLEY GAS CORPORATION - OHIO VALLEY GAS CORPORATION EMPLOYEES' 401(K) PLAN (2023) Form 5500
Creator: OHIO VALLEY GAS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OHIO VALLEY GAS CORPORATION EMPLOYEES' 401(K) PLAN, OHIO VALLEY GAS CORPORATION

OHIO VALLEY GAS CORPORATIONEIN 35-0778453Plan #003PY 2023

P.O. BOX 469 - WINCHESTER, IN 473940469765-584-6842ovgc.comLinkedIn201-500 employeesutilities

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$16.8M

+16.9% from 2022

Total participants

230

+11.7% from 2022

Average account balance

$73,167

+4.7% from 2022

Annual return

14.53%

+19.14 pp from 2022

Benchmarks

See 195 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants100-249

Cohort195 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.91M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

225

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+11.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
LPL FINANCIAL8 years Filed as: LPL FINANCIAL LLC Service code 27 · EIN 95-2834236 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121	Advisory (Plan)	$32,076
MCCREADY & KEENE INC.1 year Filed as: MCCREADY AND KEENE, INC. Service code 10 · EIN 35-0500670 P.O. BOX 6094 · INDIANAPOLIS, IN 46206	Accounting	$7,069
NATIONWIDE9+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$6,865
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN PENSION ADVISORS, LTD. Service code 12 · EIN 35-2015845 9465 COUNSELOR'S ROW · INDIANAPOLIS, IN 46240	Recordkeeping and information managem...	$5,338

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,167

$101,955-28.2%

$112,899-35.2%

$71,511+2.3%

Participation rate

100.0%

82.1%+17.9pp

80.5%+19.5pp

67.9%+32.1pp

Annual return

14.53%

28.92%-14.4pp

34.11%-19.6pp

28.86%-14.3pp

Employer contribution / active EE

$5,028

$4,743+6.0%

$4,566+10.1%

$2,589+94.2%

Participant deferral / active EE

$3,669

$6,771-45.8%

$6,516-43.7%

$4,291-14.5%

Admin fee / account holder

$1,395-100.0%

$7,047-100.0%

$1,588-100.0%

Provider

Service type

Compensation

LPL FINANCIAL8 years

Filed as: LPL FINANCIAL LLC

Service code 27 · EIN 95-2834236

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 92121

Advisory (Plan)

$32,076

MCCREADY & KEENE INC.1 year

Filed as: MCCREADY AND KEENE, INC.

Service code 10 · EIN 35-0500670

P.O. BOX 6094 · INDIANAPOLIS, IN 46206

Accounting

$7,069

NATIONWIDE9+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$6,865

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN PENSION ADVISORS, LTD.

Service code 12 · EIN 35-2015845

9465 COUNSELOR'S ROW · INDIANAPOLIS, IN 46240

Recordkeeping and information managem...

$5,338

OHIO VALLEY GAS CORPORATION EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

OHIO VALLEY GAS CORPORATION EMPLOYEES' 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion