Retirement plan

PETROLEUM TRADERS CORPORATION 401(K) SALARY REDUCTION PLAN AND TRUST

Name: PETROLEUM TRADERS CORPORATION - PETROLEUM TRADERS CORPORATION 401(K) SALARY REDUCTION PLAN AND TRUST (2016) Form 5500
Creator: PETROLEUM TRADERS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETROLEUM TRADERS CORPORATION 401(K) SALARY REDUCTION PLAN AND TRUST, PETROLEUM TRADERS CORPORATION

PETROLEUM TRADERS CORPORATIONEIN 35-1462227Plan #001PY 2016

7120 POINTE INVERNESS WAY - FORT WAYNE, IN 468047928260-432-6622petroleumtraders.comLinkedIn51-200 employeesoil & energy

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$7.3M

No prior year

Total participants

123

No prior year

Average account balance

$59,979

No prior year

Annual return

-1.44%

No prior year

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.96M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

118

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$572

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 5 by compensation

Provider	Service type	Compensation
SYM FINANCIAL CORPORATION1+ years Service code 27 801 PARK AVENUE · WINONA LAKE, IN 46590	Advisory (Plan)	$20,413
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,692
ASCENSUS LLC1+ years Filed as: ASCENSUS, INC Service code 13 1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814	Contract Administrator	$890
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: EMPOWER RETIRMENT ADVISORY SERVIES Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$68
LINCOLN NATIONAL CORPORATION1+ years Filed as: LINCOLN FINANCIAL ADVISORS Service code 55 1300 S. CLINTON ST #150 · FORT WAYNE, IN 46802	Other Commissions	$0

Plan features & details

Pension benefit codes2E2G2J3D2F

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$24K

$238 / participant

Contract admin$23K95.5%
Other / not subdivided$1K4.5%

% of EOY assets

0.329%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BADEN GAGE & SCHROEDER LLC
Auditor EIN: 351939627
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,979

$63,924-6.2%

$108,582-44.8%

$55,167+8.7%

Participation rate

99.0%

74.3%+24.7pp

79.6%+19.4pp

69.0%+30.0pp

Annual return

-1.44%

15.31%-16.7pp

-51.70%+50.3pp

169.23%-170.7pp

Employer contribution / active EE

$3,539

$1,879+88.3%

$3,758-5.8%

$1,963+80.3%

Participant deferral / active EE

$3,681

$3,067+20.0%

$4,311-14.6%

$3,054+20.5%

Admin fee / account holder

$197

$618-68.0%

$7,645-97.4%

$504-60.8%

Provider

Service type

Compensation

SYM FINANCIAL CORPORATION1+ years

Service code 27

801 PARK AVENUE · WINONA LAKE, IN 46590

Advisory (Plan)

$20,413

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,692

ASCENSUS LLC1+ years

Filed as: ASCENSUS, INC

Service code 13

1102 CHESTNUT HILLS PARKWAY · FORT WAYNE, IN 46814

Contract Administrator

$890

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: EMPOWER RETIRMENT ADVISORY SERVIES

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$68

LINCOLN NATIONAL CORPORATION1+ years

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 55

1300 S. CLINTON ST #150 · FORT WAYNE, IN 46802

Other Commissions

PETROLEUM TRADERS CORPORATION 401(K) SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETROLEUM TRADERS CORPORATION 401(K) SALARY REDUCTION 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