Retirement plan

PETROLEUM MARKETING GROUP 401(K) PROFIT SHARING PLAN AND TRUST

Name: PETROLEUM MARKETING GROUP, INC. - PETROLEUM MARKETING GROUP 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: PETROLEUM MARKETING GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PETROLEUM MARKETING GROUP 401(K) PROFIT SHARING PLAN AND TRUST, PETROLEUM MARKETING GROUP, INC.

PETROLEUM MARKETING GROUP, INC.EIN 52-2297962Plan #001PY 2023

2900 TELESTAR CT. - FALLS CHURCH, VA 22042703-494-5800petromg.comLinkedIn501-1000 employeesoil & energy

Prospect flagsLow participationLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.2M

+50.8% from 2022

Total participants

191

-28.2% from 2022

Average account balance

$25,072

+155.7% from 2022

Annual return

21.45%

+37.65 pp from 2022

Benchmarks

See 2,346 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,346 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.70M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

111

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.

50.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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
PAYCHEX, INC.5 years Service code 49 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625	Other Services	$5,249
FIDUCIARY INVESTMENT ADVISORS1 year Filed as: FIDUCIARY WEALTH MANAGEMENT LLC Service code 27 · EIN 45-3176027 11250 ROGER BACON DRIVE · RESTON, VA 20190	Advisory (Plan)	$4,622
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399 440 MAMARONECK AVENUE · HARRISON, NY 10528	Recordkeeping	$2,865
DWC - THE 401(K) EXPERTS1 year Filed as: DWC-THE 401(K) EXPERTS Service code 15 · EIN 26-2091417 P.O. BOX 241267 · ST. PAUL, MN 55124	Recordkeeping	$912

Plan features & details

Pension benefit codes2T2E2J2K2F2G3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$18K

$112 / participant

Contract admin$18K100.0%

% of EOY assets

0.575%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,072

$83,045-69.8%

$130,045-80.7%

$71,511-64.9%

Participation rate

61.8%

74.1%-12.3pp

78.5%-16.7pp

67.9%-6.1pp

Annual return

21.45%

20.61%+0.8pp

-137.30%+158.8pp

28.86%-7.4pp

Employer contribution / active EE

$1,886

$2,623-28.1%

$4,321-56.4%

$2,589-27.2%

Participant deferral / active EE

$3,424

$4,436-22.8%

$5,820-41.2%

$4,291-20.2%

Admin fee / account holder

$144

$1,727-91.6%

$10,600-98.6%

$1,588-90.9%

Provider

Service type

Compensation

PAYCHEX, INC.5 years

Service code 49 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 14625

Other Services

$5,249

FIDUCIARY INVESTMENT ADVISORS1 year

Filed as: FIDUCIARY WEALTH MANAGEMENT LLC

Service code 27 · EIN 45-3176027

11250 ROGER BACON DRIVE · RESTON, VA 20190

Advisory (Plan)

$4,622

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

440 MAMARONECK AVENUE · HARRISON, NY 10528

Recordkeeping

$2,865

DWC - THE 401(K) EXPERTS1 year

Filed as: DWC-THE 401(K) EXPERTS

Service code 15 · EIN 26-2091417

P.O. BOX 241267 · ST. PAUL, MN 55124

Recordkeeping

$912

PETROLEUM MARKETING GROUP 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PETROLEUM MARKETING GROUP 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