Retirement plan

PANHANDLE OILFIELD SERVICE COMPANIES, INC. 401K PROFIT SHARING PLAN

Name: PANHANDLE OILFIELD SERVICE COMPANIES, INC. - PANHANDLE OILFIELD SERVICE COMPANIES, INC. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: PANHANDLE OILFIELD SERVICE COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PANHANDLE OILFIELD SERVICE COMPANIES, INC. 401K PROFIT SHARING PLAN, PANHANDLE OILFIELD SERVICE COMPANIES, INC.

PANHANDLE OILFIELD SERVICE COMPANIES, INC.EIN 48-1109486Plan #001PY 2024

14000 QUAIL SPRINGS PARKWAY,, SUITE 300 - OKLAHOMA CITY, OK 731342600405-608-5330posci.netLinkedIn201-500 employeesoil & energy

Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.7M

+13.5% from 2023

Total participants

174

-34.1% from 2023

Average account balance

$18,757

+92.5% from 2023

Annual return

11.11%

-12.89 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.67M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

35.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$354K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$14,703
USI CONSULTING GROUP2 years Service code 15 · EIN 06-1053228	Recordkeeping	$4,102
USI CONSULTING GROUP2 years Filed as: USI SECURITIES, INC. Service code 22 · EIN 06-1493970	Insurance Broker	$3,756
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$303

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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

$19K

$147 / participant

Investment mgmt$19K100.0%

% of EOY assets

1.153%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,757

$88,203-78.7%

$165,100-88.6%

$74,478-74.8%

Participation rate

35.1%

73.1%-38.0pp

78.6%-43.5pp

67.2%-32.1pp

Annual return

11.11%

17.13%-6.0pp

70.21%-59.1pp

1370.56%-1359.4pp

Employer contribution / active EE

$1,236

$2,601-52.5%

$4,348-71.6%

$2,626-52.9%

Participant deferral / active EE

$1,469

$4,505-67.4%

$6,035-75.7%

$4,350-66.2%

Admin fee / account holder

$216

$2,235-90.3%

$12,696-98.3%

$1,946-88.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$14,703

USI CONSULTING GROUP2 years

Service code 15 · EIN 06-1053228

Recordkeeping

$4,102

USI CONSULTING GROUP2 years

Filed as: USI SECURITIES, INC.

Service code 22 · EIN 06-1493970

Insurance Broker

$3,756

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$303

PANHANDLE OILFIELD SERVICE COMPANIES, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PANHANDLE OILFIELD SERVICE COMPANIES, INC. 401K PROFIT SHARING 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