Retirement plan

SAMPSON-BLADEN OIL COMPANY, INC. PROFIT SHARING PLAN AND TRUST

Name: SAMPSON-BLADEN OIL COMPANY, INC. - SAMPSON-BLADEN OIL COMPANY, INC. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: SAMPSON-BLADEN OIL COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAMPSON-BLADEN OIL COMPANY, INC. PROFIT SHARING PLAN AND TRUST, SAMPSON-BLADEN OIL COMPANY, INC.

SAMPSON-BLADEN OIL COMPANY, INC.EIN 56-0388031Plan #001PY 2024

510 COMMERCE STREET - CLINTON, NC 28328910-592-4177sboil.comLinkedIn501-1000 employees

Prospect flagsLow returnsHigh cashLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$18.6M

+14.0% from 2023

Total participants

731

-9.2% from 2023

Average account balance

$89,749

+314.2% from 2023

Annual return

11.30%

-2.72 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.58M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

207

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.

24.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.19M

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$247

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY7 years Filed as: FIRST CITIZENS BANK Service code 27 PO BOX 26592 · RALEIGH, NC 276116592	Advisory (Plan)	$35,000
CPI QUALIFIED PLAN CONSULTANTS, INC10+ years Service code 15 · EIN 48-1205033	Recordkeeping	$16,225

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$74 / participant

Recordkeeping$2250.4%
Investment mgmt$35K68.3%
Contract admin$16K31.2%

% of EOY assets

0.276%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD, PC
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,749

$59,054+52.0%

$97,197-7.7%

$77,714+15.5%

Participation rate

24.5%

67.9%-43.4pp

72.7%-48.2pp

70.6%-46.1pp

Annual return

11.30%

16.96%-5.7pp

75.47%-64.2pp

31.26%-20.0pp

Employer contribution / active EE

$1,094

$1,742-37.2%

$2,723-59.8%

$2,727-59.9%

Participant deferral / active EE

$2,064

$3,930-47.5%

$4,263-51.6%

$4,649-55.6%

Admin fee / account holder

$247

$346-28.5%

$5,637-95.6%

$433-42.9%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY7 years

Filed as: FIRST CITIZENS BANK

Service code 27

PO BOX 26592 · RALEIGH, NC 276116592

Advisory (Plan)

$35,000

CPI QUALIFIED PLAN CONSULTANTS, INC10+ years

Service code 15 · EIN 48-1205033

Recordkeeping

$16,225

SAMPSON-BLADEN OIL COMPANY, INC. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAMPSON-BLADEN OIL COMPANY, INC. 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