Retirement plan

HERDRICH PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: HERDRICH PETROLEUM CORPORATION - HERDRICH PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: HERDRICH PETROLEUM CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERDRICH PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, HERDRICH PETROLEUM CORPORATION

HERDRICH PETROLEUM CORPORATIONEIN 35-1348760Plan #001PY 2024

210 EAST US 52, SUITE E - RUSHVILLE, IN 46173765-932-3224LinkedIn11-50 employeesoil & energy

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+26.1% from 2023

Total participants

194

-11.4% from 2023

Average account balance

$20,965

+30.9% from 2023

Annual return

14.80%

+3.67 pp from 2023

Benchmarks

See 2,313 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,313 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.48M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

182

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$647K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$23,332
KEMPER CPA GROUP LLP9+ years Service code 10 802 OLD WHEATLAND RD · VINCENNES, IN 47591	Accounting	$16,145
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER BENEFIT SERVICES INC DBA Service code 27 1100 SUPERIOR AVE STE 1700 · CLEVELAND, OH 44114	Advisory (Plan)	$8,650
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$428

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$49K

$360 / participant

Recordkeeping$24K48.5%
Investment mgmt$9K18.5%
Other / not subdivided$16K33.0%

% of EOY assets

1.277%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KEMPER CPA GROUP
Auditor EIN: 370818432
Audit fees: $16,145
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,965

$59,456-64.7%

$93,669-77.6%

$74,429-71.8%

Participation rate

91.9%

59.6%+32.3pp

68.7%+23.2pp

67.2%+24.7pp

Annual return

14.80%

82.00%-67.2pp

133.59%-118.8pp

1368.38%-1353.6pp

Employer contribution / active EE

$2,956

$1,266+133.5%

$2,424+22.0%

$2,625+12.6%

Participant deferral / active EE

$1,324

$3,052-56.6%

$4,416-70.0%

$4,348-69.5%

Admin fee / account holder

$268

$3,026-91.2%

$8,291-96.8%

$1,944-86.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$23,332

KEMPER CPA GROUP LLP9+ years

Service code 10

802 OLD WHEATLAND RD · VINCENNES, IN 47591

Accounting

$16,145

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER BENEFIT SERVICES INC DBA

Service code 27

1100 SUPERIOR AVE STE 1700 · CLEVELAND, OH 44114

Advisory (Plan)

$8,650

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$428

HERDRICH PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERDRICH PETROLEUM CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

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