Retirement plan

PARKER OIL COMPANY, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Name: PARKER OIL COMPANY, INC. - PARKER OIL COMPANY, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST (2019) Form 5500
Creator: PARKER OIL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARKER OIL COMPANY, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST, PARKER OIL COMPANY, INC.

PARKER OIL COMPANY, INC.EIN 54-0379900Plan #001PY 2019

1428 WEST DANVILLE STREET - SOUTH HILL, VA 23970434-447-3146parkeroilcompany.comLinkedIn1-10 employeesoil & energy

Prospect flagsLow returnsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$13.9M

+6.3% from 2018

Total participants

234

+4.5% from 2018

Average account balance

$61,777

+0.6% from 2018

Annual return

16.01%

+8.82 pp from 2018

Benchmarks

See 2,363 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,363 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.19M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

143

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.

51.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$742K

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

+14.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$244

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
TRANSITION FINANCE STRATEGIES, LLC4+ years Filed as: TRANSITION FINANCE STRATEGIES/BREA Service code 14 · EIN 13-4238973	Plan Administrator	$35,209
WILBANKS, SMITH & THOMAS ASSET MGMT4+ years Filed as: WILBANKS, SMITH, & THOMAS ASSET MGM Service code 28 · EIN 54-2005153	Investment Management	$25,656
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS, COLEMAN & COMPANY Service code 10 · EIN 54-1437648	Accounting	$12,750
NATIONWIDE4+ years Service code 28 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$8,756
PISGAH FINANCIAL LLC1 year Filed as: PISGAH FINANCIAL, LLC. Service code 28 361 S. SWING ROAD · GREENSBORO, NC 27409	Investment Management	$5,000

Plan features & details

Pension benefit codes2O2H2E2J2K2Q2T3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$87K

$446 / participant

Other / not subdivided$87K100.0%

% of EOY assets

0.629%

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: WELLSCOLEMAN
Auditor EIN: 540593442
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,777

$86,341-28.5%

$125,192-50.7%

$65,185-5.2%

Participation rate

95.4%

75.3%+20.1pp

79.8%+15.6pp

70.2%+25.2pp

Annual return

16.01%

27.44%-11.4pp

43.79%-27.8pp

29.38%-13.4pp

Employer contribution / active EE

$944

$2,040-53.7%

$3,866-75.6%

$2,177-56.6%

Participant deferral / active EE

$1,285

$3,538-63.7%

$4,937-74.0%

$3,514-63.4%

Admin fee / account holder

$389

$609-36.2%

$9,704-96.0%

$847-54.1%

Provider

Service type

Compensation

TRANSITION FINANCE STRATEGIES, LLC4+ years

Filed as: TRANSITION FINANCE STRATEGIES/BREA

Service code 14 · EIN 13-4238973

Plan Administrator

$35,209

WILBANKS, SMITH & THOMAS ASSET MGMT4+ years

Filed as: WILBANKS, SMITH, & THOMAS ASSET MGM

Service code 28 · EIN 54-2005153

Investment Management

$25,656

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS, COLEMAN & COMPANY

Service code 10 · EIN 54-1437648

Accounting

$12,750

NATIONWIDE4+ years

Service code 28

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$8,756

PISGAH FINANCIAL LLC1 year

Filed as: PISGAH FINANCIAL, LLC.

Service code 28

361 S. SWING ROAD · GREENSBORO, NC 27409

Investment Management

$5,000

PARKER OIL COMPANY, INC. 401(K) EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARKER OIL COMPANY, INC. 401(K) EMPLOYEE STOCK OWNERSHIP 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