Retirement plan

PREMIUM OILFIELD SERVICES, INC 401K PLAN

Name: PREMIUM OILFIELD SERVICES, LLC - PREMIUM OILFIELD SERVICES, INC 401K PLAN (2021) Form 5500
Creator: PREMIUM OILFIELD SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIUM OILFIELD SERVICES, INC 401K PLAN, PREMIUM OILFIELD SERVICES, LLC

PREMIUM OILFIELD SERVICES, LLCEIN 35-2437202Plan #001PY 2021

4819 HWY. 90 WEST - NEW IBERIA, LA 70560337-608-9080premiumofs.comLinkedIn201-500 employeesoil & energy

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$6.4M

+2.3% from 2020

Total participants

-23.4% from 2020

Average account balance

$96,491

+53.4% from 2020

Annual return

14.19%

+5.07 pp from 2020

Benchmarks

See 819 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants25-99

Cohort819 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.32M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

101.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$633K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8391

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

Top 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$2,872
ADP BROKER-DEALER7+ years Service code 49 · EIN 22-3319984	Other Services	$0
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 49 600 UNIVERSITY · SEATTLE, WA 98101	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$37 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.045%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEAVER & TIDWELL LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,491

$93,373+3.3%

$152,473-36.7%

$85,851+12.4%

Participation rate

62.8%

70.1%-7.3pp

78.2%-15.4pp

69.3%-6.5pp

Annual return

14.19%

21.84%-7.7pp

757.59%-743.4pp

318.63%-304.4pp

Employer contribution / active EE

$2,996-100.0%

$4,326-100.0%

$2,565-100.0%

Participant deferral / active EE

$4,598

$4,550+1.1%

$5,817-21.0%

$3,952+16.3%

Admin fee / account holder

$44

$13,853-99.7%

$15,811-99.7%

$6,261-99.3%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$2,872

ADP BROKER-DEALER7+ years

Service code 49 · EIN 22-3319984

Other Services

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 49

600 UNIVERSITY · SEATTLE, WA 98101

Other Services

PREMIUM OILFIELD SERVICES, INC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIUM OILFIELD SERVICES, INC 401K 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